Kiné DESMET: what changed
Kiné DESMET
Largest movements
- Cash +€58,219
up €58,219 (+154%), from €37,755 to €95,974
mainly Net result for the year (+€40,594) and Receivables within one year (+€29,479)
- Receivables within one year -€29,479
down €29,479 (-88.9%), from €33,166 to €3,688
of which Trade receivables: -€28,423
- Current investments +€25,000
up €25,000 (+109%), from €23,000 to €47,999
- Tangible fixed assets -€1,679
no longer reported in 2025 (was €1,679)
of which Furniture and vehicles: -€1,679
- Reserves +€40,594
up €40,594 (+200%), from €20,300 to €60,894
- Current portion of long-term debt +€16,000
up €16,000 (+178%), from €9,000 to €25,000
- Tax, wage and social debts -€5,489
down €5,489 (-99.8%), from €5,500 to €11
- Other debts +€1,890
up €1,890 (+921%), from €205 to €2,095
- Gross operating margin +€57,909
up €57,909 (+250%), from €23,173 to €81,082
- Taxes +€14,851
up €14,851 (+146%), from €10,160 to €25,011
- Other operating charges +€5,432
up €5,432 (+151%), from €3,604 to €9,036
- Financial charges +€2,918
up €2,918 (+158%), from €1,845 to €4,762
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,526 | €149,012 | +€52,486 | +54.4% |
| Fixed assets | 21/28 | €1,679 | - | -€1,679 | |
| Tangible fixed assets | 22/27 | €1,679 | - | -€1,679 | |
| Furniture and vehicles | 24 | €1,679 | - | -€1,679 | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €94,847 | €149,012 | +€54,165 | +57.1% |
| Amounts receivable within one year | 40/41 | €33,166 | €3,688 | -€29,479 | -88.9% |
| Trade receivables | 40 | €32,110 | €3,688 | -€28,423 | -88.5% |
| Other amounts receivable | 41 | €1,056 | €0 | -€1,056 | -100% |
| Current investments | 50/53 | €23,000 | €47,999 | +€25,000 | +109% |
| Cash at bank and in hand | 54/58 | €37,755 | €95,974 | +€58,219 | +154% |
| Deferred charges and accrued income | 490/1 | €927 | €1,352 | +€425 | +45.8% |
| Total equity and liabilities | 10/49 | €96,526 | €149,012 | +€52,486 | +54.4% |
| Equity | 10/15 | €81,200 | €121,795 | +€40,594 | +50.0% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €20,300 | €60,894 | +€40,594 | +200% |
| Distributable reserves | 133 | €20,300 | €60,894 | +€40,594 | +200% |
| Profit (loss) carried forward | 14 | €52,840 | €52,840 | = | 0.0% |
| Amounts payable | 17/49 | €15,326 | €27,217 | +€11,892 | +77.6% |
| Amounts payable within one year | 42/48 | €14,801 | €27,217 | +€12,417 | +83.9% |
| Current portion of amounts payable after more than one year | 42 | €9,000 | €25,000 | +€16,000 | +178% |
| Trade debts | 44 | €96 | €111 | +€16 | +16.3% |
| Suppliers | 440/4 | €96 | €111 | +€16 | +16.3% |
| Taxes, remuneration and social security | 45 | €5,500 | €11 | -€5,489 | -99.8% |
| Taxes | 450/3 | €5,500 | €11 | -€5,489 | -99.8% |
| Other amounts payable | 47/48 | €205 | €2,095 | +€1,890 | +921% |
| Accrued charges and deferred income | 492/3 | €525 | - | -€525 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,534 | €1,679 | +€145 | +9.4% |
| Other operating charges | 640/8 | €3,604 | €9,036 | +€5,432 | +151% |
| Gross operating margin | 9900 | €23,173 | €81,082 | +€57,909 | +250% |
| Operating profit (loss) | 9901 | €18,035 | €70,368 | +€52,333 | +290% |
| Financial charges | 65/66B | €1,845 | €4,762 | +€2,918 | +158% |
| Recurring financial charges | 65 | €1,845 | €4,762 | +€2,918 | +158% |
| Profit (loss) for the period before taxes | 9903 | €16,191 | €65,606 | +€49,415 | +305% |
| Income taxes | 67/77 | €10,160 | €25,011 | +€14,851 | +146% |
| Profit (loss) for the period | 9904 | €6,030 | €40,594 | +€34,564 | +573% |
| Profit (loss) for the period to be appropriated | 9905 | €6,030 | €40,594 | +€34,564 | +573% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.