KINé A.S.: 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 A.S.
Largest movements
- Intangible fixed assets -€7,500
down €7,500 (-20.3%), from €36,875 to €29,375
- Receivables within one year -€2,917
down €2,917 (-24.1%), from €12,087 to €9,170
of which Trade receivables: -€9,894
- Cash +€1,255
up €1,255 (+18.7%), from €6,708 to €7,963
mainly Net result for the year (+€24,358) and Depreciation (+€7,985)
- Tangible fixed assets +€963
up €963 (+354%), from €272 to €1,235
- Reserves +€8,000
up €8,000 (+306%), from €2,617 to €10,617
- Trade debts -€6,952
down €6,952 (-99.2%), from €7,007 to €55
- Other debts -€6,404
down €6,404 (-26.8%), from €23,904 to €17,500
- Debts after one year -€6,301
down €6,301 (-66.1%), from €9,531 to €3,230
- Accrued charges and deferred income +€2,300
new in 2025: €2,300
- Gross operating margin +€5,737
up €5,737 (+18.4%), from €31,228 to €36,965
- Taxes +€1,327
up €1,327 (+177%), from €750 to €2,077
- Other operating charges -€923
down €923 (-55.0%), from €1,678 to €755
- Financial charges -€477
down €477 (-20.9%), from €2,282 to €1,805
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 | €56,578 | €48,014 | -€8,564 | -15.1% |
| Fixed assets | 21/28 | €37,147 | €30,610 | -€6,537 | -17.6% |
| Intangible fixed assets | 21 | €36,875 | €29,375 | -€7,500 | -20.3% |
| Tangible fixed assets | 22/27 | €272 | €1,235 | +€963 | +354% |
| Furniture and vehicles | 24 | €272 | €1,235 | +€963 | +354% |
| Current assets | 29/58 | €19,431 | €17,404 | -€2,027 | -10.4% |
| Amounts receivable within one year | 40/41 | €12,087 | €9,170 | -€2,917 | -24.1% |
| Trade receivables | 40 | €12,087 | €2,193 | -€9,894 | -81.9% |
| Other amounts receivable | 41 | - | €6,978 | +€6,978 | |
| Cash at bank and in hand | 54/58 | €6,708 | €7,963 | +€1,255 | +18.7% |
| Deferred charges and accrued income | 490/1 | €636 | €270 | -€366 | -57.5% |
| Total equity and liabilities | 10/49 | €56,578 | €48,014 | -€8,564 | -15.1% |
| Equity | 10/15 | €8,992 | €15,851 | +€6,859 | +76.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,617 | €10,617 | +€8,000 | +306% |
| Distributable reserves | 133 | €2,617 | €10,617 | +€8,000 | +306% |
| Profit (loss) carried forward | 14 | €1,375 | €233 | -€1,142 | -83.0% |
| Amounts payable | 17/49 | €47,586 | €32,163 | -€15,423 | -32.4% |
| Amounts payable after more than one year | 17 | €9,531 | €3,230 | -€6,301 | -66.1% |
| Financial debts | 170/4 | €9,531 | €3,230 | -€6,301 | -66.1% |
| Amounts payable within one year | 42/48 | €38,055 | €26,633 | -€11,422 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €6,094 | €6,301 | +€207 | +3.4% |
| Trade debts | 44 | €7,007 | €55 | -€6,952 | -99.2% |
| Suppliers | 440/4 | €7,007 | €55 | -€6,952 | -99.2% |
| Taxes, remuneration and social security | 45 | €1,050 | €2,777 | +€1,727 | +164% |
| Taxes | 450/3 | €1,050 | €2,777 | +€1,727 | +164% |
| Other amounts payable | 47/48 | €23,904 | €17,500 | -€6,404 | -26.8% |
| Accrued charges and deferred income | 492/3 | - | €2,300 | +€2,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,114 | €7,985 | -€129 | -1.6% |
| Other operating charges | 640/8 | €1,678 | €755 | -€923 | -55.0% |
| Gross operating margin | 9900 | €31,228 | €36,965 | +€5,737 | +18.4% |
| Operating profit (loss) | 9901 | €21,436 | €28,225 | +€6,789 | +31.7% |
| Financial income | 75/76B | €3 | €16 | +€13 | +418% |
| Recurring financial income | 75 | €3 | €16 | +€13 | +418% |
| Financial charges | 65/66B | €2,282 | €1,805 | -€477 | -20.9% |
| Recurring financial charges | 65 | €2,282 | €1,805 | -€477 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €19,157 | €26,435 | +€7,278 | +38.0% |
| Income taxes | 67/77 | €750 | €2,077 | +€1,327 | +177% |
| Profit (loss) for the period | 9904 | €18,407 | €24,358 | +€5,951 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,407 | €24,358 | +€5,951 | +32.3% |
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 30 October 2026 via checked.be.