KINE BOUDART: 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 BOUDART
Largest movements
- Cash +€47,297
up €47,297 (+47.4%), from €99,751 to €147,048
mainly Net result for the year (+€56,025) and Other debts (+€13,235)
- Tangible fixed assets +€14,859
up €14,859 (+71.1%), from €20,901 to €35,760
of which Furniture and vehicles: +€12,405
- Deferred charges and accrued income -€8,502
down €8,502 (-38.7%), from €21,975 to €13,473
- Profit (loss) carried forward +€31,025
up €31,025 (+26.7%), from €116,140 to €147,165
- Other debts +€13,235
up €13,235 (+112%), from €11,765 to €25,000
- Tax, wage and social debts +€9,533
new in 2025: €9,533
- Gross operating margin +€22,890
up €22,890 (+37.1%), from €61,619 to €84,509
- Taxes +€9,788
up €9,788 (+83.3%), from €11,744 to €21,533
- Depreciation -€2,315
down €2,315 (-31.4%), from €7,378 to €5,063
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 | €143,246 | €196,874 | +€53,629 | +37.4% |
| Fixed assets | 21/28 | €21,264 | €36,123 | +€14,859 | +69.9% |
| Tangible fixed assets | 22/27 | €20,901 | €35,760 | +€14,859 | +71.1% |
| Plant, machinery and equipment | 23 | €5,459 | €7,912 | +€2,454 | +45.0% |
| Furniture and vehicles | 24 | €15,443 | €27,848 | +€12,405 | +80.3% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €121,982 | €160,751 | +€38,770 | +31.8% |
| Amounts receivable within one year | 40/41 | €256 | €230 | -€25 | -9.9% |
| Trade receivables | 40 | - | €230 | +€230 | |
| Other amounts receivable | 41 | €256 | - | -€256 | |
| Cash at bank and in hand | 54/58 | €99,751 | €147,048 | +€47,297 | +47.4% |
| Deferred charges and accrued income | 490/1 | €21,975 | €13,473 | -€8,502 | -38.7% |
| Total equity and liabilities | 10/49 | €143,246 | €196,874 | +€53,629 | +37.4% |
| Equity | 10/15 | €119,140 | €150,165 | +€31,025 | +26.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,140 | €147,165 | +€31,025 | +26.7% |
| Amounts payable | 17/49 | €24,106 | €46,709 | +€22,603 | +93.8% |
| Amounts payable after more than one year | 17 | €8,644 | €9,849 | +€1,206 | +13.9% |
| Financial debts | 170/4 | €8,644 | €9,849 | +€1,206 | +13.9% |
| Amounts payable within one year | 42/48 | €15,462 | €36,860 | +€21,398 | +138% |
| Current portion of amounts payable after more than one year | 42 | €3,548 | €2,281 | -€1,267 | -35.7% |
| Trade debts | 44 | €149 | €46 | -€103 | -69.1% |
| Suppliers | 440/4 | €149 | €46 | -€103 | -69.1% |
| Taxes, remuneration and social security | 45 | - | €9,533 | +€9,533 | |
| Taxes | 450/3 | - | €9,533 | +€9,533 | |
| Other amounts payable | 47/48 | €11,765 | €25,000 | +€13,235 | +112% |
| Non-recurring operating income | 76A | - | €7,847 | +€7,847 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,378 | €5,063 | -€2,315 | -31.4% |
| Other operating charges | 640/8 | €564 | €1,086 | +€522 | +92.5% |
| Gross operating margin | 9900 | €61,619 | €84,509 | +€22,890 | +37.1% |
| Operating profit (loss) | 9901 | €53,676 | €78,360 | +€24,684 | +46.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €739 | €802 | +€64 | +8.6% |
| Recurring financial charges | 65 | €739 | €802 | +€64 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €52,938 | €77,558 | +€24,620 | +46.5% |
| Income taxes | 67/77 | €11,744 | €21,533 | +€9,788 | +83.3% |
| Profit (loss) for the period | 9904 | €41,193 | €56,025 | +€14,832 | +36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,193 | €56,025 | +€14,832 | +36.0% |
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 30 October 2026 via checked.be.