Kiné 4S: 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.
Kiné 4S
Largest movements
- Tangible fixed assets +€37,093
up €37,093 (+9.2%), from €402,785 to €439,879
of which Furniture and vehicles: +€40,451
- Cash +€19,678
up €19,678 (+145%), from €13,567 to €33,245
mainly Other debts (+€40,599) and Depreciation (+€28,900)
- Other debts +€40,599
up €40,599 (+51.3%), from €79,172 to €119,771
- Trade debts -€20,585
down €20,585 (-91.9%), from €22,388 to €1,803
- Debts after one year +€18,976
up €18,976 (+5.0%), from €377,150 to €396,126
- Profit (loss) carried forward +€9,884
up €9,884 (+12.5%), from -€79,024 to -€69,140
- Current portion of long-term debt +€8,132
up €8,132 (+67.2%), from €12,100 to €20,232
- Gross operating margin +€107,738
up €107,738, from -€56,042 to €51,696
- Depreciation +€15,477
up €15,477 (+115%), from €13,423 to €28,900
- Financial charges +€3,179
up €3,179 (+37.8%), from €8,406 to €11,585
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 | €420,642 | €474,792 | +€54,150 | +12.9% |
| Fixed assets | 21/28 | €402,785 | €439,879 | +€37,093 | +9.2% |
| Tangible fixed assets | 22/27 | €402,785 | €439,879 | +€37,093 | +9.2% |
| Land and buildings | 22 | €338,929 | €324,054 | -€14,875 | -4.4% |
| Plant, machinery and equipment | 23 | €63,856 | €75,374 | +€11,518 | +18.0% |
| Furniture and vehicles | 24 | - | €40,451 | +€40,451 | |
| Current assets | 29/58 | €17,857 | €34,913 | +€17,057 | +95.5% |
| Amounts receivable within one year | 40/41 | €3,291 | - | -€3,291 | |
| Trade receivables | 40 | €3,291 | - | -€3,291 | |
| Cash at bank and in hand | 54/58 | €13,567 | €33,245 | +€19,678 | +145% |
| Deferred charges and accrued income | 490/1 | €999 | €1,668 | +€669 | +67.0% |
| Total equity and liabilities | 10/49 | €420,642 | €474,792 | +€54,150 | +12.9% |
| Equity | 10/15 | -€73,024 | -€63,140 | +€9,884 | +13.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,024 | -€69,140 | +€9,884 | +12.5% |
| Amounts payable | 17/49 | €493,666 | €537,932 | +€44,266 | +9.0% |
| Amounts payable after more than one year | 17 | €377,150 | €396,126 | +€18,976 | +5.0% |
| Financial debts | 170/4 | €377,150 | €396,126 | +€18,976 | +5.0% |
| Amounts payable within one year | 42/48 | €116,516 | €141,806 | +€25,290 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €12,100 | €20,232 | +€8,132 | +67.2% |
| Trade debts | 44 | €22,388 | €1,803 | -€20,585 | -91.9% |
| Suppliers | 440/4 | €22,388 | €1,803 | -€20,585 | -91.9% |
| Taxes, remuneration and social security | 45 | €2,856 | - | -€2,856 | |
| Remuneration and social security | 454/9 | €2,856 | - | -€2,856 | |
| Other amounts payable | 47/48 | €79,172 | €119,771 | +€40,599 | +51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,423 | €28,900 | +€15,477 | +115% |
| Other operating charges | 640/8 | €1,154 | €1,327 | +€174 | +15.0% |
| Gross operating margin | 9900 | -€56,042 | €51,696 | +€107,738 | |
| Operating profit (loss) | 9901 | -€70,618 | €21,469 | +€92,088 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €8,406 | €11,585 | +€3,179 | +37.8% |
| Recurring financial charges | 65 | €8,406 | €11,585 | +€3,179 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | -€79,024 | €9,884 | +€88,908 | |
| Profit (loss) for the period | 9904 | -€79,024 | €9,884 | +€88,908 | |
| Profit (loss) for the period to be appropriated | 9905 | -€79,024 | €9,884 | +€88,908 |
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 21 October 2026 via checked.be.