KINE COSA: what changed
What changed
KINE COSA
NACE 86.951, Physiotherapy
filed annual accounts (NBB)
Net result for the year
€32,648
2024 · €67,936-€35,287
Equity
€153,231
2024 · €120,583+€32,648
Cash
€40,988
2024 · €45,957-€4,969
Balance sheet total
€715,458
2024 · €698,082+€17,376
Largest movements
Assets
- Receivables within one year +€18,742
up €18,742 (+44.5%), from €42,160 to €60,903
- Current investments +€8,000
new in 2025: €8,000
Equity and liabilities
- Reserves +€32,648
up €32,648 (+28.6%), from €114,333 to €146,981
- Debts after one year -€31,122
down €31,122 (-5.9%), from €529,012 to €497,891
of which Financial debts: -€27,102
- Accrued charges and deferred income +€11,533
new in 2025: €11,533
Income statement
- Gross operating margin -€24,730
down €24,730 (-22.2%), from €111,529 to €86,799
- Taxes +€7,577
up €7,577 (+106%), from €7,152 to €14,730
- Depreciation +€1,880
up €1,880 (+8.7%), from €21,633 to €23,513
- Other operating charges +€1,616
up €1,616 (+133%), from €1,214 to €2,830
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€67,936
Gross operating margin
-€24,730
Depreciation
-€1,880
Other operating charges
-€1,616
Financial income
+€48
Financial charges
+€468
Taxes
-€7,577
Result 2025
€32,648
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€54,620
Investment
-€29,460
Financing
-€30,129
Cash 2024
€45,957
From operations (derived)
+€54,620
Net result for the year
+€32,648
Depreciation
+€23,513
Receivables within one year
-€18,742
Deferred charges and accrued income
+€2,344
Trade debts
-€2
Tax, wage and social debts
+€1,998
Other debts
+€1,329
Accrued charges and deferred income
+€11,533
Investment (derived)
-€29,460
Investment in fixed assets (net)
-€21,460
Current investments
-€8,000
Financing
-€30,129
Debts after one year
-€31,122
Current portion of long-term debt
-€3,027
Short-term financial debts
+€4,020
Cash 2025
€40,988
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €698,082 | €715,458 | +€17,376 | +2.5% |
| Fixed assets | 21/28 | €606,171 | €604,118 | -€2,053 | -0.3% |
| Tangible fixed assets | 22/27 | €606,171 | €604,118 | -€2,053 | -0.3% |
| Land and buildings | 22 | €566,939 | €560,498 | -€6,441 | -1.1% |
| Plant, machinery and equipment | 23 | €21,257 | €21,340 | +€83 | +0.4% |
| Furniture and vehicles | 24 | €17,974 | €22,280 | +€4,306 | +24.0% |
| Current assets | 29/58 | €91,911 | €111,341 | +€19,429 | +21.1% |
| Amounts receivable within one year | 40/41 | €42,160 | €60,903 | +€18,742 | +44.5% |
| Trade receivables | 40 | €42,160 | €60,903 | +€18,742 | +44.5% |
| Current investments | 50/53 | - | €8,000 | +€8,000 | |
| Cash at bank and in hand | 54/58 | €45,957 | €40,988 | -€4,969 | -10.8% |
| Deferred charges and accrued income | 490/1 | €3,794 | €1,450 | -€2,344 | -61.8% |
| Total equity and liabilities | 10/49 | €698,082 | €715,458 | +€17,376 | +2.5% |
| Equity | 10/15 | €120,583 | €153,231 | +€32,648 | +27.1% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €114,333 | €146,981 | +€32,648 | +28.6% |
| Distributable reserves | 133 | €114,333 | €146,981 | +€32,648 | +28.6% |
| Amounts payable | 17/49 | €577,499 | €562,228 | -€15,272 | -2.6% |
| Amounts payable after more than one year | 17 | €529,012 | €497,891 | -€31,122 | -5.9% |
| Financial debts | 170/4 | €518,888 | €491,786 | -€27,102 | -5.2% |
| Other amounts payable | 178/9 | €10,125 | €6,105 | -€4,020 | -39.7% |
| Amounts payable within one year | 42/48 | €48,487 | €52,804 | +€4,317 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €33,868 | €30,841 | -€3,027 | -8.9% |
| Financial debts | 43 | - | €4,020 | +€4,020 | |
| Other loans | 439 | - | €4,020 | +€4,020 | |
| Trade debts | 44 | €107 | €105 | -€2 | -2.1% |
| Suppliers | 440/4 | €107 | €105 | -€2 | -2.1% |
| Taxes, remuneration and social security | 45 | €10,943 | €12,941 | +€1,998 | +18.3% |
| Taxes | 450/3 | €10,943 | €12,941 | +€1,998 | +18.3% |
| Other amounts payable | 47/48 | €3,569 | €4,898 | +€1,329 | +37.2% |
| Accrued charges and deferred income | 492/3 | - | €11,533 | +€11,533 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,633 | €23,513 | +€1,880 | +8.7% |
| Other operating charges | 640/8 | €1,214 | €2,830 | +€1,616 | +133% |
| Gross operating margin | 9900 | €111,529 | €86,799 | -€24,730 | -22.2% |
| Operating profit (loss) | 9901 | €88,682 | €60,456 | -€28,226 | -31.8% |
| Financial income | 75/76B | €0 | €48 | +€48 | +23,825% |
| Recurring financial income | 75 | €0 | €48 | +€48 | +23,825% |
| Financial charges | 65/66B | €13,594 | €13,126 | -€468 | -3.4% |
| Recurring financial charges | 65 | €13,594 | €13,126 | -€468 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €75,088 | €47,378 | -€27,710 | -36.9% |
| Income taxes | 67/77 | €7,152 | €14,730 | +€7,577 | +106% |
| Profit (loss) for the period | 9904 | €67,936 | €32,648 | -€35,287 | -51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,936 | €32,648 | -€35,287 | -51.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.