KINE C: 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 C
Largest movements
- Tangible fixed assets -€55,573
down €55,573 (-8.5%), from €651,649 to €596,077
of which Other tangible fixed assets: -€37,280
- Cash +€34,156
up €34,156 (+104%), from €32,894 to €67,051
mainly Other debts (+€111,220) and Depreciation (+€57,373)
- Other debts +€111,220
up €111,220 (+448%), from €24,826 to €136,046
- Reserves -€95,605
down €95,605 (-100%), from €95,605 to €0
- Debts after one year -€34,546
down €34,546 (-6.2%), from €561,184 to €526,638
of which Financial debts: -€34,546
- Gross operating margin +€12,502
up €12,502 (+11.9%), from €105,098 to €117,599
- Depreciation +€6,775
up €6,775 (+13.4%), from €50,598 to €57,373
- Taxes +€3,165
up €3,165 (+49.5%), from €6,393 to €9,559
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 | €727,413 | €703,919 | -€23,494 | -3.2% |
| Fixed assets | 21/28 | €651,649 | €596,077 | -€55,573 | -8.5% |
| Tangible fixed assets | 22/27 | €651,649 | €596,077 | -€55,573 | -8.5% |
| Plant, machinery and equipment | 23 | €20,116 | €15,015 | -€5,101 | -25.4% |
| Furniture and vehicles | 24 | €58,412 | €45,220 | -€13,192 | -22.6% |
| Other tangible fixed assets | 26 | €573,121 | €535,841 | -€37,280 | -6.5% |
| Current assets | 29/58 | €75,764 | €107,843 | +€32,079 | +42.3% |
| Amounts receivable within one year | 40/41 | €10,807 | €10,006 | -€800 | -7.4% |
| Trade receivables | 40 | - | €259 | +€259 | |
| Other amounts receivable | 41 | €10,807 | €9,748 | -€1,059 | -9.8% |
| Cash at bank and in hand | 54/58 | €32,894 | €67,051 | +€34,156 | +104% |
| Deferred charges and accrued income | 490/1 | €32,063 | €30,786 | -€1,277 | -4.0% |
| Total equity and liabilities | 10/49 | €727,413 | €703,919 | -€23,494 | -3.2% |
| Equity | 10/15 | €98,605 | €3,000 | -€95,605 | -97.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €95,605 | €0 | -€95,605 | -100% |
| Distributable reserves | 133 | €95,605 | €0 | -€95,605 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €628,808 | €700,919 | +€72,111 | +11.5% |
| Amounts payable after more than one year | 17 | €561,184 | €526,638 | -€34,546 | -6.2% |
| Financial debts | 170/4 | €526,988 | €492,442 | -€34,546 | -6.6% |
| Other amounts payable | 178/9 | €34,196 | €34,196 | = | 0.0% |
| Amounts payable within one year | 42/48 | €62,221 | €174,281 | +€112,060 | +180% |
| Current portion of amounts payable after more than one year | 42 | €33,588 | €34,546 | +€959 | +2.9% |
| Trade debts | 44 | €3,807 | €2,451 | -€1,356 | -35.6% |
| Suppliers | 440/4 | €3,807 | €2,451 | -€1,356 | -35.6% |
| Taxes, remuneration and social security | 45 | - | €1,237 | +€1,237 | |
| Taxes | 450/3 | - | €1,237 | +€1,237 | |
| Other amounts payable | 47/48 | €24,826 | €136,046 | +€111,220 | +448% |
| Accrued charges and deferred income | 492/3 | €5,403 | €0 | -€5,403 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,598 | €57,373 | +€6,775 | +13.4% |
| Other operating charges | 640/8 | €2,827 | €2,914 | +€87 | +3.1% |
| Gross operating margin | 9900 | €105,098 | €117,599 | +€12,502 | +11.9% |
| Operating profit (loss) | 9901 | €51,673 | €57,313 | +€5,640 | +10.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €20,113 | €19,004 | -€1,109 | -5.5% |
| Recurring financial charges | 65 | €20,113 | €19,004 | -€1,109 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €31,560 | €38,309 | +€6,749 | +21.4% |
| Income taxes | 67/77 | €6,393 | €9,559 | +€3,165 | +49.5% |
| Profit (loss) for the period | 9904 | €25,166 | €28,750 | +€3,583 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,166 | €28,750 | +€3,583 | +14.2% |
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 16 October 2026 via checked.be.