KINÉ ALIZÉE: 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 ALIZÉE
Largest movements
- Tangible fixed assets +€28,434
up €28,434 (+5,434%), from €523 to €28,957
- Cash +€18,331
up €18,331 (+22.1%), from €82,797 to €101,128
mainly Net result for the year (+€42,464) and Debts after one year (+€17,541)
- Receivables within one year +€17,163
up €17,163 (+177%), from €9,707 to €26,870
of which Other amounts receivable: +€15,230
- Reserves +€42,464
up €42,464 (+50.0%), from €84,933 to €127,398
- Debts after one year +€17,541
new in 2025: €17,541
- Current portion of long-term debt +€4,758
new in 2025: €4,758
- Gross operating margin -€44,994
down €44,994 (-41.5%), from €108,534 to €63,540
- Taxes -€7,767
down €7,767 (-34.5%), from €22,537 to €14,770
- Depreciation +€4,064
up €4,064 (+2,643%), from €154 to €4,217
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 | €93,504 | €157,530 | +€64,026 | +68.5% |
| Fixed assets | 21/28 | €523 | €28,957 | +€28,434 | +5,434% |
| Tangible fixed assets | 22/27 | €523 | €28,957 | +€28,434 | +5,434% |
| Furniture and vehicles | 24 | €523 | €28,957 | +€28,434 | +5,434% |
| Current assets | 29/58 | €92,981 | €128,573 | +€35,593 | +38.3% |
| Amounts receivable within one year | 40/41 | €9,707 | €26,870 | +€17,163 | +177% |
| Trade receivables | 40 | €9,707 | €11,640 | +€1,933 | +19.9% |
| Other amounts receivable | 41 | - | €15,230 | +€15,230 | |
| Cash at bank and in hand | 54/58 | €82,797 | €101,128 | +€18,331 | +22.1% |
| Deferred charges and accrued income | 490/1 | €477 | €575 | +€99 | +20.7% |
| Total equity and liabilities | 10/49 | €93,504 | €157,530 | +€64,026 | +68.5% |
| Equity | 10/15 | €87,433 | €129,898 | +€42,464 | +48.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €84,933 | €127,398 | +€42,464 | +50.0% |
| Distributable reserves | 133 | €84,933 | €127,398 | +€42,464 | +50.0% |
| Amounts payable | 17/49 | €6,071 | €27,633 | +€21,562 | +355% |
| Amounts payable after more than one year | 17 | - | €17,541 | +€17,541 | |
| Financial debts | 170/4 | - | €17,541 | +€17,541 | |
| Amounts payable within one year | 42/48 | €6,071 | €10,092 | +€4,021 | +66.2% |
| Current portion of amounts payable after more than one year | 42 | - | €4,758 | +€4,758 | |
| Trade debts | 44 | - | €20 | +€20 | |
| Suppliers | 440/4 | - | €20 | +€20 | |
| Taxes, remuneration and social security | 45 | €4,937 | €3,600 | -€1,337 | -27.1% |
| Taxes | 450/3 | €3,437 | €1,800 | -€1,637 | -47.6% |
| Remuneration and social security | 454/9 | €1,500 | €1,800 | +€300 | +20.0% |
| Other amounts payable | 47/48 | €1,133 | €1,714 | +€581 | +51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €154 | €4,217 | +€4,064 | +2,643% |
| Other operating charges | 640/8 | €895 | €1,266 | +€372 | +41.6% |
| Gross operating margin | 9900 | €108,534 | €63,540 | -€44,994 | -41.5% |
| Operating profit (loss) | 9901 | €107,486 | €58,056 | -€49,430 | -46.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €15 | €823 | +€808 | +5,385% |
| Recurring financial charges | 65 | €15 | €823 | +€808 | +5,385% |
| Profit (loss) for the period before taxes | 9903 | €107,471 | €57,234 | -€50,236 | -46.7% |
| Income taxes | 67/77 | €22,537 | €14,770 | -€7,767 | -34.5% |
| Profit (loss) for the period | 9904 | €84,933 | €42,464 | -€42,469 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €84,933 | €42,464 | -€42,469 | -50.0% |
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 13 October 2026 via checked.be.