KINE-CURE: 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-CURE
Largest movements
- Tangible fixed assets -€18,488
down €18,488 (-6.2%), from €298,075 to €279,588
of which Land and buildings: -€20,275
- Cash +€16,397
up €16,397 (+10.3%), from €159,360 to €175,757
mainly Net result for the year (+€39,889) and Depreciation (+€20,883)
- Receivables within one year +€5,903
up €5,903 (+29.1%), from €20,315 to €26,218
of which Other amounts receivable: +€4,017
- Reserves +€154,695
up €154,695 (+269%), from €57,573 to €212,268
of which Distributable reserves: +€158,195
- Profit (loss) carried forward -€114,806
down €114,806 (-100%), from €114,806 to €0
- Debts after one year -€41,579
down €41,579 (-16.6%), from €249,796 to €208,217
of which Financial debts: -€42,747
- Tax, wage and social debts +€6,540
up €6,540 (+2,407%), from €272 to €6,812
- Financial charges -€22,396
down €22,396 (-78.3%), from €28,620 to €6,224
of which Non-recurring financial charges: -€20,423
- Gross operating margin +€21,553
up €21,553 (+29.4%), from €73,389 to €94,942
- Taxes +€9,040
up €9,040 (+124%), from €7,272 to €16,312
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 | €509,021 | €514,996 | +€5,975 | +1.2% |
| Fixed assets | 21/28 | €298,845 | €280,358 | -€18,488 | -6.2% |
| Tangible fixed assets | 22/27 | €298,075 | €279,588 | -€18,488 | -6.2% |
| Land and buildings | 22 | €298,001 | €277,726 | -€20,275 | -6.8% |
| Plant, machinery and equipment | 23 | - | €1,862 | +€1,862 | |
| Furniture and vehicles | 24 | €74 | €0 | -€74 | -100% |
| Financial fixed assets | 28 | €770 | €770 | = | 0.0% |
| Current assets | 29/58 | €210,175 | €234,638 | +€24,463 | +11.6% |
| Amounts receivable after more than one year | 29 | €30,500 | €30,500 | = | 0.0% |
| Other amounts receivable | 291 | €30,500 | €30,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,315 | €26,218 | +€5,903 | +29.1% |
| Trade receivables | 40 | €15,651 | €17,537 | +€1,886 | +12.1% |
| Other amounts receivable | 41 | €4,665 | €8,681 | +€4,017 | +86.1% |
| Cash at bank and in hand | 54/58 | €159,360 | €175,757 | +€16,397 | +10.3% |
| Deferred charges and accrued income | 490/1 | - | €2,163 | +€2,163 | |
| Total equity and liabilities | 10/49 | €509,021 | €514,996 | +€5,975 | +1.2% |
| Equity | 10/15 | €207,379 | €247,268 | +€39,889 | +19.2% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €57,573 | €212,268 | +€154,695 | +269% |
| Non-distributable reserves | 130/1 | €3,500 | - | -€3,500 | |
| Reserves not available under the articles | 1311 | €3,500 | - | -€3,500 | |
| Distributable reserves | 133 | €54,073 | €212,268 | +€158,195 | +293% |
| Profit (loss) carried forward | 14 | €114,806 | €0 | -€114,806 | -100% |
| Amounts payable | 17/49 | €301,642 | €267,728 | -€33,914 | -11.2% |
| Amounts payable after more than one year | 17 | €249,796 | €208,217 | -€41,579 | -16.6% |
| Financial debts | 170/4 | €249,796 | €207,049 | -€42,747 | -17.1% |
| Other amounts payable | 178/9 | - | €1,168 | +€1,168 | |
| Amounts payable within one year | 42/48 | €51,846 | €59,511 | +€7,665 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | €40,801 | €41,579 | +€778 | +1.9% |
| Financial debts | 43 | €3,630 | €3,438 | -€192 | -5.3% |
| Credit institutions | 430/8 | €3,630 | €3,438 | -€192 | -5.3% |
| Trade debts | 44 | €7,143 | €7,682 | +€540 | +7.6% |
| Suppliers | 440/4 | €7,143 | €7,682 | +€540 | +7.6% |
| Taxes, remuneration and social security | 45 | €272 | €6,812 | +€6,540 | +2,407% |
| Taxes | 450/3 | €272 | €6,812 | +€6,540 | +2,407% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,625 | €20,883 | +€258 | +1.2% |
| Other operating charges | 640/8 | €2,808 | €2,873 | +€65 | +2.3% |
| Non-recurring operating charges | 66A | - | €9,101 | +€9,101 | |
| Gross operating margin | 9900 | €73,389 | €94,942 | +€21,553 | +29.4% |
| Operating profit (loss) | 9901 | €49,956 | €62,086 | +€12,130 | +24.3% |
| Financial income | 75/76B | €1,004 | €340 | -€664 | -66.2% |
| Recurring financial income | 75 | €1,004 | €340 | -€664 | -66.2% |
| Financial charges | 65/66B | €28,620 | €6,224 | -€22,396 | -78.3% |
| Recurring financial charges | 65 | €8,197 | €6,224 | -€1,973 | -24.1% |
| Non-recurring financial charges | 66B | €20,423 | - | -€20,423 | |
| Profit (loss) for the period before taxes | 9903 | €22,340 | €56,201 | +€33,861 | +152% |
| Income taxes | 67/77 | €7,272 | €16,312 | +€9,040 | +124% |
| Profit (loss) for the period | 9904 | €15,068 | €39,889 | +€24,821 | +165% |
| Profit (loss) for the period to be appropriated | 9905 | €15,068 | €39,889 | +€24,821 | +165% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.