KINE DS: 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 DS
Largest movements
- Tangible fixed assets -€16,065
down €16,065 (-8.7%), from €184,004 to €167,939
of which Land and buildings: -€14,491
- Cash -€15,582
down €15,582 (-20.5%), from €75,872 to €60,290
mainly Trade debts (-€69,222) and Debts after one year (-€10,865)
- Trade debts -€69,222
down €69,222 (-85.8%), from €80,698 to €11,476
- Other debts +€57,999
up €57,999 (+58,864%), from €99 to €58,097
- Debts after one year -€10,865
down €10,865 (-6.9%), from €156,960 to €146,096
- Current portion of long-term debt -€7,110
down €7,110 (-39.6%), from €17,974 to €10,865
- Accrued charges and deferred income -€3,145
no longer reported in 2025 (was €3,145)
- Gross operating margin -€3,793
down €3,793 (-14.3%), from €26,601 to €22,807
- Other operating charges -€1,939
down €1,939 (-50.8%), from €3,818 to €1,879
- Financial charges -€1,179
down €1,179 (-23.4%), from €5,042 to €3,864
- Depreciation -€764
down €764 (-4.5%), from €16,829 to €16,065
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 | €259,876 | €228,534 | -€31,343 | -12.1% |
| Fixed assets | 21/28 | €184,004 | €167,939 | -€16,065 | -8.7% |
| Tangible fixed assets | 22/27 | €184,004 | €167,939 | -€16,065 | -8.7% |
| Land and buildings | 22 | €177,083 | €162,592 | -€14,491 | -8.2% |
| Plant, machinery and equipment | 23 | €5,363 | €4,214 | -€1,149 | -21.4% |
| Furniture and vehicles | 24 | €1,558 | €1,133 | -€425 | -27.3% |
| Current assets | 29/58 | €75,872 | €60,594 | -€15,278 | -20.1% |
| Cash at bank and in hand | 54/58 | €75,872 | €60,290 | -€15,582 | -20.5% |
| Deferred charges and accrued income | 490/1 | - | €304 | +€304 | |
| Total equity and liabilities | 10/49 | €259,876 | €228,534 | -€31,343 | -12.1% |
| Equity | 10/15 | €1,000 | €2,000 | +€1,000 | +100% |
| Reserves | 13 | €1,000 | €2,000 | +€1,000 | +100% |
| Distributable reserves | 133 | €1,000 | €2,000 | +€1,000 | +100% |
| Amounts payable | 17/49 | €258,876 | €226,534 | -€32,343 | -12.5% |
| Amounts payable after more than one year | 17 | €156,960 | €146,096 | -€10,865 | -6.9% |
| Financial debts | 170/4 | €156,960 | €146,096 | -€10,865 | -6.9% |
| Amounts payable within one year | 42/48 | €98,771 | €80,438 | -€18,333 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €17,974 | €10,865 | -€7,110 | -39.6% |
| Trade debts | 44 | €80,698 | €11,476 | -€69,222 | -85.8% |
| Suppliers | 440/4 | €80,698 | €11,476 | -€69,222 | -85.8% |
| Other amounts payable | 47/48 | €99 | €58,097 | +€57,999 | +58,864% |
| Accrued charges and deferred income | 492/3 | €3,145 | - | -€3,145 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,829 | €16,065 | -€764 | -4.5% |
| Other operating charges | 640/8 | €3,818 | €1,879 | -€1,939 | -50.8% |
| Gross operating margin | 9900 | €26,601 | €22,807 | -€3,793 | -14.3% |
| Operating profit (loss) | 9901 | €5,954 | €4,864 | -€1,091 | -18.3% |
| Financial income | 75/76B | €88 | - | -€88 | |
| Recurring financial income | 75 | €88 | - | -€88 | |
| Financial charges | 65/66B | €5,042 | €3,864 | -€1,179 | -23.4% |
| Recurring financial charges | 65 | €5,042 | €3,864 | -€1,179 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) for the period | 9904 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,000 | €1,000 | = | 0.0% |
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 14 October 2026 via checked.be.