KINE CHARLE: 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 CHARLE
Largest movements
- Tangible fixed assets -€37,036
down €37,036 (-7.8%), from €475,073 to €438,037
of which Land and buildings: -€22,539
- Cash -€22,951
down €22,951 (-19.4%), from €118,424 to €95,473
mainly Debts after one year (-€28,842) and Contributions, distributions and other (-€27,660)
- Receivables within one year +€16,250
up €16,250 (+65.8%), from €24,712 to €40,962
of which Trade receivables: +€16,266
- Debts after one year -€28,842
down €28,842 (-8.0%), from €359,570 to €330,728
- Other debts -€17,554
down €17,554 (-13.2%), from €133,002 to €115,448
- Gross operating margin -€3,811
down €3,811 (-3.3%), from €115,432 to €111,620
- Depreciation +€2,959
up €2,959 (+5.9%), from €49,868 to €52,826
- Taxes -€2,647
down €2,647 (-19.6%), from €13,488 to €10,841
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 | €628,733 | €579,334 | -€49,399 | -7.9% |
| Fixed assets | 21/28 | €475,073 | €438,037 | -€37,036 | -7.8% |
| Tangible fixed assets | 22/27 | €475,073 | €438,037 | -€37,036 | -7.8% |
| Land and buildings | 22 | €392,333 | €369,794 | -€22,539 | -5.7% |
| Plant, machinery and equipment | 23 | €31,873 | €29,022 | -€2,851 | -8.9% |
| Furniture and vehicles | 24 | €38,467 | €29,554 | -€8,913 | -23.2% |
| Other tangible fixed assets | 26 | €12,400 | €9,667 | -€2,733 | -22.0% |
| Current assets | 29/58 | €153,660 | €141,297 | -€12,363 | -8.0% |
| Stocks and contracts in progress | 3 | €1,440 | €2,000 | +€560 | +38.9% |
| Stocks | 30/36 | €1,440 | €2,000 | +€560 | +38.9% |
| Amounts receivable within one year | 40/41 | €24,712 | €40,962 | +€16,250 | +65.8% |
| Trade receivables | 40 | €24,660 | €40,927 | +€16,266 | +66.0% |
| Other amounts receivable | 41 | €51 | €35 | -€16 | -31.7% |
| Cash at bank and in hand | 54/58 | €118,424 | €95,473 | -€22,951 | -19.4% |
| Deferred charges and accrued income | 490/1 | €9,084 | €2,862 | -€6,222 | -68.5% |
| Total equity and liabilities | 10/49 | €628,733 | €579,334 | -€49,399 | -7.9% |
| Equity | 10/15 | €90,651 | €89,068 | -€1,583 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €72,051 | €70,468 | -€1,583 | -2.2% |
| Distributable reserves | 133 | €72,051 | €70,468 | -€1,583 | -2.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €538,081 | €490,266 | -€47,816 | -8.9% |
| Amounts payable after more than one year | 17 | €359,570 | €330,728 | -€28,842 | -8.0% |
| Financial debts | 170/4 | €359,570 | €330,728 | -€28,842 | -8.0% |
| Amounts payable within one year | 42/48 | €173,106 | €152,844 | -€20,261 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €30,297 | €31,207 | +€911 | +3.0% |
| Trade debts | 44 | €462 | €2,653 | +€2,192 | +475% |
| Suppliers | 440/4 | €462 | €2,653 | +€2,192 | +475% |
| Taxes, remuneration and social security | 45 | €9,346 | €3,536 | -€5,810 | -62.2% |
| Taxes | 450/3 | €9,346 | €3,536 | -€5,810 | -62.2% |
| Other amounts payable | 47/48 | €133,002 | €115,448 | -€17,554 | -13.2% |
| Accrued charges and deferred income | 492/3 | €5,405 | €6,693 | +€1,288 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,868 | €52,826 | +€2,959 | +5.9% |
| Other operating charges | 640/8 | €6,869 | €6,576 | -€293 | -4.3% |
| Gross operating margin | 9900 | €115,432 | €111,620 | -€3,811 | -3.3% |
| Operating profit (loss) | 9901 | €58,695 | €52,218 | -€6,477 | -11.0% |
| Financial income | 75/76B | €771 | €762 | -€8 | -1.1% |
| Recurring financial income | 75 | €771 | €762 | -€8 | -1.1% |
| Financial charges | 65/66B | €16,007 | €16,062 | +€55 | +0.3% |
| Recurring financial charges | 65 | €16,007 | €16,062 | +€55 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €43,459 | €36,918 | -€6,541 | -15.1% |
| Income taxes | 67/77 | €13,488 | €10,841 | -€2,647 | -19.6% |
| Profit (loss) for the period | 9904 | €29,971 | €26,077 | -€3,894 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,971 | €26,077 | -€3,894 | -13.0% |
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 19 October 2026 via checked.be.