KINE 20: 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 20
Largest movements
- Receivables within one year +€84,916
up €84,916 (+110%), from €77,418 to €162,335
of which Trade receivables: +€88,339
- Cash +€8,894
up €8,894 (+9.7%), from €91,527 to €100,422
mainly Net result for the year (+€65,416) and Contributions, distributions and other (+€34,805)
- Profit (loss) carried forward +€100,221
up €100,221 (+159%), from €63,078 to €163,299
- Tax, wage and social debts -€14,276
down €14,276 (-80.3%), from €17,776 to €3,500
- Trade debts +€9,428
up €9,428 (+14.0%), from €67,102 to €76,529
- Gross operating margin +€65,723
up €65,723 (+256%), from €25,681 to €91,404
- Taxes +€14,146
up €14,146 (+296%), from €4,776 to €18,922
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 | €198,956 | €294,446 | +€95,490 | +48.0% |
| Fixed assets | 21/28 | €29,729 | €31,408 | +€1,679 | +5.6% |
| Tangible fixed assets | 22/27 | €29,729 | €31,408 | +€1,679 | +5.6% |
| Plant, machinery and equipment | 23 | €25,540 | €27,804 | +€2,264 | +8.9% |
| Furniture and vehicles | 24 | €4,188 | €3,604 | -€585 | -14.0% |
| Current assets | 29/58 | €169,227 | €263,038 | +€93,811 | +55.4% |
| Amounts receivable within one year | 40/41 | €77,418 | €162,335 | +€84,916 | +110% |
| Trade receivables | 40 | €57,168 | €145,507 | +€88,339 | +155% |
| Other amounts receivable | 41 | €20,250 | €16,828 | -€3,422 | -16.9% |
| Cash at bank and in hand | 54/58 | €91,527 | €100,422 | +€8,894 | +9.7% |
| Deferred charges and accrued income | 490/1 | €282 | €282 | = | 0.0% |
| Total equity and liabilities | 10/49 | €198,956 | €294,446 | +€95,490 | +48.0% |
| Equity | 10/15 | €66,078 | €166,299 | +€100,221 | +152% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,078 | €163,299 | +€100,221 | +159% |
| Amounts payable | 17/49 | €132,878 | €128,147 | -€4,731 | -3.6% |
| Amounts payable within one year | 42/48 | €132,878 | €128,147 | -€4,731 | -3.6% |
| Trade debts | 44 | €67,102 | €76,529 | +€9,428 | +14.0% |
| Suppliers | 440/4 | €67,102 | €76,529 | +€9,428 | +14.0% |
| Taxes, remuneration and social security | 45 | €17,776 | €3,500 | -€14,276 | -80.3% |
| Taxes | 450/3 | €17,776 | €3,500 | -€14,276 | -80.3% |
| Other amounts payable | 47/48 | €48,000 | €48,118 | +€118 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,132 | €4,200 | +€68 | +1.6% |
| Other operating charges | 640/8 | €609 | €626 | +€17 | +2.7% |
| Gross operating margin | 9900 | €25,681 | €91,404 | +€65,723 | +256% |
| Operating profit (loss) | 9901 | €20,940 | €86,579 | +€65,639 | +313% |
| Financial charges | 65/66B | €1,694 | €2,241 | +€546 | +32.2% |
| Recurring financial charges | 65 | €1,694 | €2,241 | +€546 | +32.2% |
| Profit (loss) for the period before taxes | 9903 | €19,246 | €84,338 | +€65,093 | +338% |
| Income taxes | 67/77 | €4,776 | €18,922 | +€14,146 | +296% |
| Profit (loss) for the period | 9904 | €14,470 | €65,416 | +€50,946 | +352% |
| Profit (loss) for the period to be appropriated | 9905 | €14,470 | €65,416 | +€50,946 | +352% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.