Kine 18: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Kine 18
Largest movements
- Cash +€73,074
up €73,074 (+120%), from €60,716 to €133,791
mainly Net result for the year (+€79,415) and Depreciation (+€55,007)
- Tangible fixed assets -€44,952
down €44,952 (-7.9%), from €571,334 to €526,382
of which Plant, machinery and equipment: -€27,186
- Receivables within one year -€6,963
down €6,963 (-40.3%), from €17,289 to €10,326
- Reserves +€33,895
up €33,895 (+12.7%), from €265,867 to €299,762
- Debts after one year -€24,828
down €24,828 (-7.9%), from €316,281 to €291,453
- Tax, wage and social debts +€11,857
up €11,857 (+168%), from €7,074 to €18,931
- Gross operating margin +€41,793
up €41,793 (+30.0%), from €139,187 to €180,981
- Depreciation -€29,590
down €29,590 (-35.0%), from €84,596 to €55,007
- Taxes +€19,921
up €19,921 (+127%), from €15,630 to €35,551
- Financial charges +€1,927
up €1,927 (+31.7%), from €6,075 to €8,002
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €654,018 | €676,418 | +€22,401 | +3.4% |
| Fixed assets | 21/28 | €571,334 | €526,382 | -€44,952 | -7.9% |
| Tangible fixed assets | 22/27 | €571,334 | €526,382 | -€44,952 | -7.9% |
| Land and buildings | 22 | €416,712 | €393,800 | -€22,912 | -5.5% |
| Plant, machinery and equipment | 23 | €147,343 | €120,157 | -€27,186 | -18.5% |
| Furniture and vehicles | 24 | €7,279 | €12,425 | +€5,145 | +70.7% |
| Current assets | 29/58 | €82,683 | €150,036 | +€67,353 | +81.5% |
| Amounts receivable within one year | 40/41 | €17,289 | €10,326 | -€6,963 | -40.3% |
| Trade receivables | 40 | €17,289 | €10,326 | -€6,963 | -40.3% |
| Cash at bank and in hand | 54/58 | €60,716 | €133,791 | +€73,074 | +120% |
| Deferred charges and accrued income | 490/1 | €4,678 | €5,920 | +€1,242 | +26.5% |
| Total equity and liabilities | 10/49 | €654,018 | €676,418 | +€22,401 | +3.4% |
| Equity | 10/15 | €272,067 | €305,962 | +€33,895 | +12.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €265,867 | €299,762 | +€33,895 | +12.7% |
| Distributable reserves | 133 | €265,867 | €299,762 | +€33,895 | +12.7% |
| Amounts payable | 17/49 | €381,951 | €370,457 | -€11,494 | -3.0% |
| Amounts payable after more than one year | 17 | €316,281 | €291,453 | -€24,828 | -7.9% |
| Financial debts | 170/4 | €316,281 | €291,453 | -€24,828 | -7.9% |
| Amounts payable within one year | 42/48 | €65,609 | €78,817 | +€13,208 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €24,945 | €24,828 | -€117 | -0.5% |
| Trade debts | 44 | €25,994 | €25,734 | -€260 | -1.0% |
| Suppliers | 440/4 | €25,994 | €25,734 | -€260 | -1.0% |
| Taxes, remuneration and social security | 45 | €7,074 | €18,931 | +€11,857 | +168% |
| Taxes | 450/3 | €7,074 | €18,931 | +€11,857 | +168% |
| Other amounts payable | 47/48 | €7,596 | €9,324 | +€1,728 | +22.7% |
| Accrued charges and deferred income | 492/3 | €61 | €187 | +€126 | +206% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,596 | €55,007 | -€29,590 | -35.0% |
| Other operating charges | 640/8 | €2,919 | €3,316 | +€397 | +13.6% |
| Gross operating margin | 9900 | €139,187 | €180,981 | +€41,793 | +30.0% |
| Operating profit (loss) | 9901 | €51,672 | €122,658 | +€70,986 | +137% |
| Financial income | 75/76B | €426 | €310 | -€116 | -27.3% |
| Recurring financial income | 75 | €426 | €310 | -€116 | -27.3% |
| Financial charges | 65/66B | €6,075 | €8,002 | +€1,927 | +31.7% |
| Recurring financial charges | 65 | €6,075 | €8,002 | +€1,927 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €46,022 | €114,966 | +€68,943 | +150% |
| Income taxes | 67/77 | €15,630 | €35,551 | +€19,921 | +127% |
| Profit (loss) for the period | 9904 | €30,392 | €79,415 | +€49,023 | +161% |
| Profit (loss) for the period to be appropriated | 9905 | €30,392 | €79,415 | +€49,023 | +161% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.