KINE CARNOY: 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 CARNOY
Largest movements
- Cash +€10,486
up €10,486 (+20.8%), from €50,514 to €61,001
mainly Depreciation (+€8,931) and Net result for the year (+€6,363)
- Receivables within one year +€6,527
new in 2025: €6,527
of which Other amounts receivable: +€6,154
- Tangible fixed assets -€3,288
down €3,288 (-7.8%), from €42,018 to €38,730
of which Furniture and vehicles: -€7,107
- Reserves +€6,363
up €6,363 (+13.5%), from €47,179 to €53,542
- Other debts +€4,193
up €4,193 (+22.2%), from €18,890 to €23,084
- Trade debts +€1,953
up €1,953 (+222%), from €878 to €2,831
- Gross operating margin -€20,952
down €20,952 (-51.7%), from €40,548 to €19,597
- Taxes -€6,797
down €6,797 (-66.1%), from €10,279 to €3,482
- Depreciation +€3,898
up €3,898 (+77.4%), from €5,033 to €8,931
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 | €94,422 | €107,567 | +€13,145 | +13.9% |
| Fixed assets | 21/28 | €42,018 | €38,730 | -€3,288 | -7.8% |
| Tangible fixed assets | 22/27 | €42,018 | €38,730 | -€3,288 | -7.8% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €33,334 | €26,227 | -€7,107 | -21.3% |
| Other tangible fixed assets | 26 | €8,684 | €12,503 | +€3,819 | +44.0% |
| Current assets | 29/58 | €52,404 | €68,837 | +€16,433 | +31.4% |
| Amounts receivable within one year | 40/41 | - | €6,527 | +€6,527 | |
| Trade receivables | 40 | - | €373 | +€373 | |
| Other amounts receivable | 41 | - | €6,154 | +€6,154 | |
| Cash at bank and in hand | 54/58 | €50,514 | €61,001 | +€10,486 | +20.8% |
| Deferred charges and accrued income | 490/1 | €1,890 | €1,309 | -€580 | -30.7% |
| Total equity and liabilities | 10/49 | €94,422 | €107,567 | +€13,145 | +13.9% |
| Equity | 10/15 | €59,579 | €65,942 | +€6,363 | +10.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €47,179 | €53,542 | +€6,363 | +13.5% |
| Distributable reserves | 133 | €47,179 | €53,542 | +€6,363 | +13.5% |
| Amounts payable | 17/49 | €34,842 | €41,625 | +€6,782 | +19.5% |
| Amounts payable within one year | 42/48 | €34,842 | €41,625 | +€6,782 | +19.5% |
| Trade debts | 44 | €878 | €2,831 | +€1,953 | +222% |
| Suppliers | 440/4 | €878 | €2,831 | +€1,953 | +222% |
| Taxes, remuneration and social security | 45 | €15,074 | €15,710 | +€636 | +4.2% |
| Taxes | 450/3 | €12,363 | €13,061 | +€698 | +5.6% |
| Remuneration and social security | 454/9 | €2,711 | €2,649 | -€62 | -2.3% |
| Other amounts payable | 47/48 | €18,890 | €23,084 | +€4,193 | +22.2% |
| Non-recurring operating income | 76A | €8,000 | €0 | -€8,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,033 | €8,931 | +€3,898 | +77.4% |
| Other operating charges | 640/8 | €595 | €482 | -€114 | -19.1% |
| Gross operating margin | 9900 | €40,548 | €19,597 | -€20,952 | -51.7% |
| Operating profit (loss) | 9901 | €34,920 | €10,184 | -€24,736 | -70.8% |
| Financial income | 75/76B | €136 | €116 | -€20 | -14.8% |
| Recurring financial income | 75 | €136 | €116 | -€20 | -14.8% |
| Financial charges | 65/66B | €443 | €455 | +€12 | +2.6% |
| Recurring financial charges | 65 | €443 | €455 | +€12 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €34,613 | €9,845 | -€24,768 | -71.6% |
| Income taxes | 67/77 | €10,279 | €3,482 | -€6,797 | -66.1% |
| Profit (loss) for the period | 9904 | €24,334 | €6,363 | -€17,971 | -73.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,334 | €6,363 | -€17,971 | -73.9% |
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 25 October 2026 via checked.be.