KINE CIRCLE: 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 CIRCLE
Largest movements
- Cash +€45,560
up €45,560 (+78.0%), from €58,441 to €104,001
mainly Net result for the year (+€58,427) and Deferred charges and accrued income (+€3,583)
- Receivables within one year +€12,680
up €12,680 (+281777.1%), from €5 to €12,684
of which Trade receivables: +€12,680
- Tangible fixed assets +€8,512
new in 2025: €8,512
- Deferred charges and accrued income -€3,583
down €3,583 (-95.4%), from €3,757 to €174
- Profit (loss) carried forward +€58,427
up €58,427 (+115.6%), from €50,543 to €108,971
- Tax, wage and social debts +€2,930
up €2,930 (+94.6%), from €3,097 to €6,027
- Other debts +€1,832
up €1,832 (+60.6%), from €3,022 to €4,853
- Gross operating margin +€11,237
up €11,237 (+17.0%), from €66,105 to €77,342
- Taxes +€5,280
up €5,280 (+43.5%), from €12,150 to €17,430
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 | €62,202 | €125,531 | +€63,329 | +101.8% |
| Fixed assets | 21/28 | - | €8,512 | +€8,512 | |
| Tangible fixed assets | 22/27 | - | €8,512 | +€8,512 | |
| Plant, machinery and equipment | 23 | - | €8,512 | +€8,512 | |
| Current assets | 29/58 | €62,202 | €117,020 | +€54,818 | +88.1% |
| Stocks and contracts in progress | 3 | - | €160 | +€160 | |
| Stocks | 30/36 | - | €160 | +€160 | |
| Amounts receivable within one year | 40/41 | €5 | €12,684 | +€12,680 | +281777.1% |
| Trade receivables | 40 | - | €12,680 | +€12,680 | |
| Other amounts receivable | 41 | €5 | €5 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €58,441 | €104,001 | +€45,560 | +78.0% |
| Deferred charges and accrued income | 490/1 | €3,757 | €174 | -€3,583 | -95.4% |
| Total equity and liabilities | 10/49 | €62,202 | €125,531 | +€63,329 | +101.8% |
| Equity | 10/15 | €55,543 | €113,971 | +€58,427 | +105.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,543 | €108,971 | +€58,427 | +115.6% |
| Amounts payable | 17/49 | €6,659 | €11,561 | +€4,902 | +73.6% |
| Amounts payable within one year | 42/48 | €6,659 | €11,561 | +€4,902 | +73.6% |
| Trade debts | 44 | €540 | €680 | +€140 | +25.9% |
| Suppliers | 440/4 | €540 | €680 | +€140 | +25.9% |
| Taxes, remuneration and social security | 45 | €3,097 | €6,027 | +€2,930 | +94.6% |
| Taxes | 450/3 | €3,097 | €6,027 | +€2,930 | +94.6% |
| Other amounts payable | 47/48 | €3,022 | €4,853 | +€1,832 | +60.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €109 | +€109 | |
| Other operating charges | 640/8 | €1,141 | €1,271 | +€130 | +11.4% |
| Gross operating margin | 9900 | €66,105 | €77,342 | +€11,237 | +17.0% |
| Operating profit (loss) | 9901 | €64,964 | €75,962 | +€10,998 | +16.9% |
| Financial charges | 65/66B | €22 | €105 | +€83 | +382.9% |
| Recurring financial charges | 65 | €22 | €105 | +€83 | +382.9% |
| Profit (loss) for the period before taxes | 9903 | €64,942 | €75,858 | +€10,915 | +16.8% |
| Income taxes | 67/77 | €12,150 | €17,430 | +€5,280 | +43.5% |
| Profit (loss) for the period | 9904 | €52,792 | €58,427 | +€5,635 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €52,792 | €58,427 | +€5,635 | +10.7% |
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 11 October 2026 via checked.be.