Kiné Arnaud Bourguignon: 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 Arnaud Bourguignon
Largest movements
- Cash +€22,253
up €22,253 (+33.0%), from €67,478 to €89,731
mainly Tax, wage and social debts (+€12,000) and Net result for the year (+€11,439)
- Receivables within one year +€2,559
new in 2025: €2,559
of which Other amounts receivable: +€1,838
- Tangible fixed assets -€1,221
down €1,221 (-46.9%), from €2,604 to €1,383
- Tax, wage and social debts +€12,000
up €12,000 (+371%), from €3,233 to €15,233
of which Taxes: +€11,000
- Profit (loss) carried forward +€11,439
up €11,439 (+35.8%), from €31,921 to €43,360
- Trade debts +€2,039
up €2,039 (+8,864%), from €23 to €2,062
- Other debts -€1,887
down €1,887 (-12.7%), from €14,905 to €13,017
- Gross operating margin -€12,509
down €12,509 (-41.5%), from €30,120 to €17,611
- Taxes -€2,571
down €2,571 (-44.8%), from €5,733 to €3,162
- Depreciation +€661
up €661 (+118%), from €560 to €1,221
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 | €70,082 | €93,672 | +€23,590 | +33.7% |
| Fixed assets | 21/28 | €2,604 | €1,383 | -€1,221 | -46.9% |
| Tangible fixed assets | 22/27 | €2,604 | €1,383 | -€1,221 | -46.9% |
| Plant, machinery and equipment | 23 | €2,604 | €1,383 | -€1,221 | -46.9% |
| Current assets | 29/58 | €67,478 | €92,290 | +€24,811 | +36.8% |
| Amounts receivable within one year | 40/41 | - | €2,559 | +€2,559 | |
| Trade receivables | 40 | - | €721 | +€721 | |
| Other amounts receivable | 41 | - | €1,838 | +€1,838 | |
| Cash at bank and in hand | 54/58 | €67,478 | €89,731 | +€22,253 | +33.0% |
| Total equity and liabilities | 10/49 | €70,082 | €93,672 | +€23,590 | +33.7% |
| Equity | 10/15 | €51,921 | €63,360 | +€11,439 | +22.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,921 | €43,360 | +€11,439 | +35.8% |
| Amounts payable | 17/49 | €18,161 | €30,312 | +€12,151 | +66.9% |
| Amounts payable within one year | 42/48 | €18,161 | €30,312 | +€12,151 | +66.9% |
| Trade debts | 44 | €23 | €2,062 | +€2,039 | +8,864% |
| Suppliers | 440/4 | €23 | €2,062 | +€2,039 | +8,864% |
| Taxes, remuneration and social security | 45 | €3,233 | €15,233 | +€12,000 | +371% |
| Taxes | 450/3 | €3,233 | €14,233 | +€11,000 | +340% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €14,905 | €13,017 | -€1,887 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €560 | €1,221 | +€661 | +118% |
| Other operating charges | 640/8 | €1,815 | €1,744 | -€72 | -3.9% |
| Gross operating margin | 9900 | €30,120 | €17,611 | -€12,509 | -41.5% |
| Operating profit (loss) | 9901 | €27,745 | €14,646 | -€13,099 | -47.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €55 | €45 | -€10 | -18.2% |
| Recurring financial charges | 65 | €55 | €45 | -€10 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €27,690 | €14,601 | -€13,089 | -47.3% |
| Income taxes | 67/77 | €5,733 | €3,162 | -€2,571 | -44.8% |
| Profit (loss) for the period | 9904 | €21,957 | €11,439 | -€10,518 | -47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,957 | €11,439 | -€10,518 | -47.9% |
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 19 October 2026 via checked.be.