KINE BALANS: what changed
KINE BALANS
Largest movements
- Current investments +€60,000
new in 2025: €60,000
- Cash -€34,103
down €34,103 (-24.8%), from €137,249 to €103,146
mainly Current investments (-€60,000) and Debts after one year (-€18,912)
- Intangible fixed assets -€10,000
no longer reported in 2025 (was €10,000)
- Receivables within one year -€9,421
down €9,421 (-48.9%), from €19,259 to €9,838
of which Trade receivables: -€17,243
- Tangible fixed assets +€8,968
up €8,968 (+10.3%), from €87,490 to €96,458
of which Furniture and vehicles: +€12,536
- Reserves +€40,968
up €40,968 (+195%), from €20,974 to €61,943
- Debts after one year -€18,912
down €18,912 (-17.7%), from €106,775 to €87,862
of which Other amounts payable: -€13,000
- Accrued charges and deferred income -€14,649
down €14,649 (-84.3%), from €17,377 to €2,729
- Other debts +€7,302
up €7,302 (+8.6%), from €84,425 to €91,727
- Taxes +€8,140
up €8,140 (+103%), from €7,882 to €16,022
- Gross operating margin -€5,494
down €5,494 (-6.8%), from €81,347 to €75,853
- Financial charges -€1,614
down €1,614 (-29.8%), from €5,415 to €3,801
- Financial income +€958
up €958 (+335%), from €286 to €1,244
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €256,463 | €272,582 | +€16,120 | +6.3% |
| Fixed assets | 21/28 | €97,490 | €96,458 | -€1,032 | -1.1% |
| Intangible fixed assets | 21 | €10,000 | - | -€10,000 | |
| Tangible fixed assets | 22/27 | €87,490 | €96,458 | +€8,968 | +10.3% |
| Land and buildings | 22 | €1,254 | €1,140 | -€114 | -9.1% |
| Plant, machinery and equipment | 23 | €1,698 | €1,187 | -€510 | -30.1% |
| Furniture and vehicles | 24 | €2,206 | €14,743 | +€12,536 | +568% |
| Other tangible fixed assets | 26 | €82,332 | €79,388 | -€2,944 | -3.6% |
| Current assets | 29/58 | €158,972 | €176,124 | +€17,152 | +10.8% |
| Amounts receivable within one year | 40/41 | €19,259 | €9,838 | -€9,421 | -48.9% |
| Trade receivables | 40 | €17,863 | €619 | -€17,243 | -96.5% |
| Other amounts receivable | 41 | €1,396 | €9,219 | +€7,822 | +560% |
| Current investments | 50/53 | - | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €137,249 | €103,146 | -€34,103 | -24.8% |
| Deferred charges and accrued income | 490/1 | €2,464 | €3,140 | +€676 | +27.4% |
| Total equity and liabilities | 10/49 | €256,463 | €272,582 | +€16,120 | +6.3% |
| Equity | 10/15 | €39,524 | €80,493 | +€40,968 | +104% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €20,974 | €61,943 | +€40,968 | +195% |
| Distributable reserves | 133 | €20,974 | €61,943 | +€40,968 | +195% |
| Amounts payable | 17/49 | €216,938 | €192,090 | -€24,849 | -11.5% |
| Amounts payable after more than one year | 17 | €106,775 | €87,862 | -€18,912 | -17.7% |
| Financial debts | 170/4 | €55,775 | €49,862 | -€5,912 | -10.6% |
| Other amounts payable | 178/9 | €51,000 | €38,000 | -€13,000 | -25.5% |
| Amounts payable within one year | 42/48 | €92,787 | €101,499 | +€8,712 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €5,829 | €5,912 | +€83 | +1.4% |
| Trade debts | 44 | €1,540 | €956 | -€584 | -37.9% |
| Suppliers | 440/4 | €1,540 | €956 | -€584 | -37.9% |
| Taxes, remuneration and social security | 45 | €992 | €2,903 | +€1,911 | +193% |
| Taxes | 450/3 | €992 | €2,903 | +€1,911 | +193% |
| Other amounts payable | 47/48 | €84,425 | €91,727 | +€7,302 | +8.6% |
| Accrued charges and deferred income | 492/3 | €17,377 | €2,729 | -€14,649 | -84.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,161 | €14,682 | +€521 | +3.7% |
| Other operating charges | 640/8 | €1,303 | €1,238 | -€66 | -5.1% |
| Non-recurring operating charges | 66A | €34,500 | €386 | -€34,114 | -98.9% |
| Gross operating margin | 9900 | €81,347 | €75,853 | -€5,494 | -6.8% |
| Operating profit (loss) | 9901 | €31,383 | €59,548 | +€28,165 | +89.7% |
| Financial income | 75/76B | €286 | €1,244 | +€958 | +335% |
| Recurring financial income | 75 | €286 | €1,244 | +€958 | +335% |
| Financial charges | 65/66B | €5,415 | €3,801 | -€1,614 | -29.8% |
| Recurring financial charges | 65 | €5,415 | €3,801 | -€1,614 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €26,253 | €56,991 | +€30,737 | +117% |
| Income taxes | 67/77 | €7,882 | €16,022 | +€8,140 | +103% |
| Profit (loss) for the period | 9904 | €18,371 | €40,968 | +€22,597 | +123% |
| Profit (loss) for the period to be appropriated | 9905 | €18,371 | €40,968 | +€22,597 | +123% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.