KINE-E2: what changed
Two fiscal 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-E2
Largest movements
- Receivables within one year -€36,076
down €36,076 (-67.0%), from €53,846 to €17,770
- Intangible fixed assets +€32,099
new in 2025: €32,099
- Cash +€28,562
up €28,562 (+59.2%), from €48,254 to €76,816
mainly Net result for the year (+€37,565) and Receivables within one year (+€36,076)
- Tangible fixed assets +€24,278
up €24,278 (+86.3%), from €28,127 to €52,405
of which Other tangible fixed assets: +€35,313
- Receivables after one year +€3,000
new in 2025: €3,000
- Profit (loss) carried forward +€37,565
new in 2025: €37,565
- Current portion of long-term debt +€15,703
up €15,703 (+177.8%), from €8,831 to €24,534
- Tax, wage and social debts -€12,066
down €12,066 (-48.4%), from €24,949 to €12,883
- Debts after one year +€10,466
up €10,466 (+36.1%), from €28,997 to €39,463
- Gross operating margin -€29,347
down €29,347 (-30.1%), from €97,443 to €68,097
- Taxes -€12,226
down €12,226 (-52.1%), from €23,450 to €11,224
- Financial charges +€3,895
up €3,895 (+937.3%), from €416 to €4,310
- Depreciation +€3,217
up €3,217 (+23.4%), from €13,776 to €16,993
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 | €130,379 | €182,420 | +€52,040 | +39.9% |
| Fixed assets | 21/28 | €28,127 | €84,504 | +€56,377 | +200.4% |
| Intangible fixed assets | 21 | - | €32,099 | +€32,099 | |
| Tangible fixed assets | 22/27 | €28,127 | €52,405 | +€24,278 | +86.3% |
| Plant, machinery and equipment | 23 | €339 | €1,686 | +€1,347 | +397.3% |
| Furniture and vehicles | 24 | €27,788 | €15,405 | -€12,383 | -44.6% |
| Other tangible fixed assets | 26 | - | €35,313 | +€35,313 | |
| Current assets | 29/58 | €102,252 | €97,916 | -€4,336 | -4.2% |
| Amounts receivable after more than one year | 29 | - | €3,000 | +€3,000 | |
| Trade receivables | 290 | - | €3,000 | +€3,000 | |
| Amounts receivable within one year | 40/41 | €53,846 | €17,770 | -€36,076 | -67.0% |
| Other amounts receivable | 41 | €53,846 | €17,770 | -€36,076 | -67.0% |
| Cash at bank and in hand | 54/58 | €48,254 | €76,816 | +€28,562 | +59.2% |
| Deferred charges and accrued income | 490/1 | €153 | €330 | +€177 | +116.0% |
| Total equity and liabilities | 10/49 | €130,379 | €182,420 | +€52,040 | +39.9% |
| Equity | 10/15 | €64,038 | €101,603 | +€37,565 | +58.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €60,038 | €60,038 | = | 0.0% |
| Distributable reserves | 133 | €60,038 | €60,038 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €37,565 | +€37,565 | |
| Amounts payable | 17/49 | €66,341 | €80,817 | +€14,475 | +21.8% |
| Amounts payable after more than one year | 17 | €28,997 | €39,463 | +€10,466 | +36.1% |
| Financial debts | 170/4 | €28,997 | €39,463 | +€10,466 | +36.1% |
| Amounts payable within one year | 42/48 | €37,344 | €41,354 | +€4,010 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €8,831 | €24,534 | +€15,703 | +177.8% |
| Trade debts | 44 | €3,564 | €3,936 | +€373 | +10.5% |
| Suppliers | 440/4 | €3,564 | €3,936 | +€373 | +10.5% |
| Taxes, remuneration and social security | 45 | €24,949 | €12,883 | -€12,066 | -48.4% |
| Taxes | 450/3 | €24,949 | €12,883 | -€12,066 | -48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,776 | €16,993 | +€3,217 | +23.4% |
| Other operating charges | 640/8 | €1,544 | €713 | -€831 | -53.8% |
| Gross operating margin | 9900 | €97,443 | €68,097 | -€29,347 | -30.1% |
| Operating profit (loss) | 9901 | €82,123 | €50,391 | -€31,733 | -38.6% |
| Financial income | 75/76B | €1,781 | €2,709 | +€928 | +52.1% |
| Recurring financial income | 75 | €1,781 | €2,709 | +€928 | +52.1% |
| Financial charges | 65/66B | €416 | €4,310 | +€3,895 | +937.3% |
| Recurring financial charges | 65 | €416 | €4,310 | +€3,895 | +937.3% |
| Profit (loss) for the period before taxes | 9903 | €83,488 | €48,789 | -€34,699 | -41.6% |
| Income taxes | 67/77 | €23,450 | €11,224 | -€12,226 | -52.1% |
| Profit (loss) for the period | 9904 | €60,038 | €37,565 | -€22,473 | -37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,038 | €37,565 | -€22,473 | -37.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.