KINE BOUTERSEM: what changed
Two fiscal 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 BOUTERSEM
Largest movements
- Cash +€111,383
up €111,383 (+181.8%), from €61,253 to €172,637
mainly Current investments (+€100,000) and Depreciation (+€56,707)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Intangible fixed assets -€30,000
no longer reported in 2025 (was €30,000)
- Tangible fixed assets -€10,999
down €10,999 (-9.8%), from €112,178 to €101,178
of which Land and buildings: -€8,761
- Receivables within one year +€4,338
up €4,338 (+4.8%), from €90,344 to €94,682
- Debts after one year -€29,127
down €29,127 (-96.1%), from €30,324 to €1,197
- Reserves +€18,313
up €18,313 (+6.5%), from €283,296 to €301,609
of which Distributable reserves: +€18,313
- Current portion of long-term debt -€15,996
down €15,996 (-32.0%), from €49,996 to €34,000
- Financial income +€1,971
up €1,971 (+61.4%), from €3,208 to €5,179
- Other operating charges -€1,223
down €1,223 (-45.7%), from €2,678 to €1,455
- Taxes +€1,005
up €1,005 (+10.4%), from €9,656 to €10,662
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.
Cash bridge derived
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 | €394,574 | €369,273 | -€25,301 | -6.4% |
| Fixed assets | 21/28 | €142,178 | €101,178 | -€40,999 | -28.8% |
| Intangible fixed assets | 21 | €30,000 | - | -€30,000 | |
| Tangible fixed assets | 22/27 | €112,178 | €101,178 | -€10,999 | -9.8% |
| Land and buildings | 22 | €87,571 | €78,810 | -€8,761 | -10.0% |
| Plant, machinery and equipment | 23 | €2,388 | €2,675 | +€287 | +12.0% |
| Furniture and vehicles | 24 | €22,218 | €19,693 | -€2,525 | -11.4% |
| Current assets | 29/58 | €252,396 | €268,095 | +€15,699 | +6.2% |
| Amounts receivable within one year | 40/41 | €90,344 | €94,682 | +€4,338 | +4.8% |
| Other amounts receivable | 41 | €90,344 | €94,682 | +€4,338 | +4.8% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €61,253 | €172,637 | +€111,383 | +181.8% |
| Deferred charges and accrued income | 490/1 | €799 | €777 | -€23 | -2.8% |
| Total equity and liabilities | 10/49 | €394,574 | €369,273 | -€25,301 | -6.4% |
| Equity | 10/15 | €301,896 | €320,209 | +€18,313 | +6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €283,296 | €301,609 | +€18,313 | +6.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €281,436 | €299,749 | +€18,313 | +6.5% |
| Amounts payable | 17/49 | €92,678 | €49,065 | -€43,613 | -47.1% |
| Amounts payable after more than one year | 17 | €30,324 | €1,197 | -€29,127 | -96.1% |
| Financial debts | 170/4 | €30,324 | €1,197 | -€29,127 | -96.1% |
| Amounts payable within one year | 42/48 | €55,392 | €40,260 | -€15,132 | -27.3% |
| Current portion of amounts payable after more than one year | 42 | €49,996 | €34,000 | -€15,996 | -32.0% |
| Trade debts | 44 | €632 | €212 | -€420 | -66.5% |
| Suppliers | 440/4 | €632 | €212 | -€420 | -66.5% |
| Taxes, remuneration and social security | 45 | €2,820 | €3,367 | +€547 | +19.4% |
| Taxes | 450/3 | €1,063 | €1,371 | +€308 | +29.0% |
| Remuneration and social security | 454/9 | €1,757 | €1,996 | +€239 | +13.6% |
| Other amounts payable | 47/48 | €1,943 | €2,681 | +€737 | +37.9% |
| Accrued charges and deferred income | 492/3 | €6,962 | €7,608 | +€646 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,900 | €56,707 | +€807 | +1.4% |
| Other operating charges | 640/8 | €2,678 | €1,455 | -€1,223 | -45.7% |
| Gross operating margin | 9900 | €87,526 | €87,029 | -€497 | -0.6% |
| Operating profit (loss) | 9901 | €28,948 | €28,867 | -€81 | -0.3% |
| Financial income | 75/76B | €3,208 | €5,179 | +€1,971 | +61.4% |
| Recurring financial income | 75 | €3,208 | €5,179 | +€1,971 | +61.4% |
| Financial charges | 65/66B | €5,922 | €5,072 | -€850 | -14.4% |
| Recurring financial charges | 65 | €5,922 | €5,072 | -€850 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €26,234 | €28,975 | +€2,740 | +10.4% |
| Income taxes | 67/77 | €9,656 | €10,662 | +€1,005 | +10.4% |
| Profit (loss) for the period | 9904 | €16,578 | €18,313 | +€1,735 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,578 | €18,313 | +€1,735 | +10.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.