KINE AERTS: 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 AERTS
Largest movements
- Cash +€55,239
up €55,239 (+169%), from €32,747 to €87,986
mainly Net result for the year (+€36,621) and Tax, wage and social debts (+€14,234)
- Tangible fixed assets -€7,200
down €7,200 (-24.2%), from €29,705 to €22,505
- Receivables within one year +€1,946
up €1,946 (+29.2%), from €6,674 to €8,620
- Profit (loss) carried forward +€36,621
new in 2025: €36,621
- Tax, wage and social debts +€14,234
up €14,234 (+128%), from €11,163 to €25,397
of which Taxes: +€14,234
- Other debts -€1,707
down €1,707 (-5.2%), from €32,630 to €30,924
- Gross operating margin +€18,772
up €18,772 (+47.3%), from €39,699 to €58,472
- Taxes +€4,271
up €4,271 (+42.9%), from €9,963 to €14,234
- Depreciation +€905
up €905 (+14.4%), from €6,295 to €7,200
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 | €69,522 | €119,599 | +€50,077 | +72.0% |
| Fixed assets | 21/28 | €29,705 | €22,505 | -€7,200 | -24.2% |
| Tangible fixed assets | 22/27 | €29,705 | €22,505 | -€7,200 | -24.2% |
| Furniture and vehicles | 24 | €29,705 | €22,505 | -€7,200 | -24.2% |
| Current assets | 29/58 | €39,817 | €97,094 | +€57,277 | +144% |
| Amounts receivable within one year | 40/41 | €6,674 | €8,620 | +€1,946 | +29.2% |
| Trade receivables | 40 | €6,674 | €8,620 | +€1,946 | +29.2% |
| Cash at bank and in hand | 54/58 | €32,747 | €87,986 | +€55,239 | +169% |
| Deferred charges and accrued income | 490/1 | €395 | €488 | +€93 | +23.5% |
| Total equity and liabilities | 10/49 | €69,522 | €119,599 | +€50,077 | +72.0% |
| Equity | 10/15 | €25,395 | €62,016 | +€36,621 | +144% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €22,895 | €22,895 | = | 0.0% |
| Distributable reserves | 133 | €22,895 | €22,895 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €36,621 | +€36,621 | |
| Amounts payable | 17/49 | €44,126 | €57,583 | +€13,456 | +30.5% |
| Amounts payable within one year | 42/48 | €44,126 | €56,793 | +€12,666 | +28.7% |
| Trade debts | 44 | €333 | €472 | +€139 | +41.8% |
| Suppliers | 440/4 | €333 | €472 | +€139 | +41.8% |
| Taxes, remuneration and social security | 45 | €11,163 | €25,397 | +€14,234 | +128% |
| Taxes | 450/3 | €9,963 | €24,197 | +€14,234 | +143% |
| Remuneration and social security | 454/9 | €1,200 | €1,200 | = | 0.0% |
| Other amounts payable | 47/48 | €32,630 | €30,924 | -€1,707 | -5.2% |
| Accrued charges and deferred income | 492/3 | - | €790 | +€790 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,295 | €7,200 | +€905 | +14.4% |
| Other operating charges | 640/8 | €484 | €351 | -€133 | -27.5% |
| Gross operating margin | 9900 | €39,699 | €58,472 | +€18,772 | +47.3% |
| Operating profit (loss) | 9901 | €32,920 | €50,921 | +€18,000 | +54.7% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €62 | €66 | +€4 | +6.2% |
| Recurring financial charges | 65 | €62 | €66 | +€4 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €32,858 | €50,855 | +€17,997 | +54.8% |
| Income taxes | 67/77 | €9,963 | €14,234 | +€4,271 | +42.9% |
| Profit (loss) for the period | 9904 | €22,895 | €36,621 | +€13,726 | +59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,895 | €36,621 | +€13,726 | +59.9% |
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 27 October 2026 via checked.be.