KINE-EAU-NATURE: 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-EAU-NATURE
Largest movements
- Cash +€57,212
up €57,212 (+319%), from €17,961 to €75,173
mainly Depreciation (+€75,340) and Net result for the year (+€66,781)
- Tangible fixed assets -€54,076
down €54,076 (-5.6%), from €970,784 to €916,708
of which Land and buildings: -€56,386
- Debts after one year -€75,279
down €75,279 (-11.2%), from €671,273 to €595,993
- Reserves +€66,781
up €66,781 (+37.9%), from €176,422 to €243,203
of which Distributable reserves: +€66,781
- Tax, wage and social debts +€12,375
up €12,375 (+404%), from €3,060 to €15,435
of which Taxes: +€12,375
- Gross operating margin +€68,613
up €68,613 (+51.7%), from €132,802 to €201,415
- Taxes +€22,753
up €22,753 (+174%), from €13,103 to €35,857
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 | €999,284 | €997,046 | -€2,238 | -0.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €970,784 | €916,708 | -€54,076 | -5.6% |
| Tangible fixed assets | 22/27 | €970,784 | €916,708 | -€54,076 | -5.6% |
| Land and buildings | 22 | €940,821 | €884,436 | -€56,386 | -6.0% |
| Plant, machinery and equipment | 23 | €4,273 | €5,569 | +€1,296 | +30.3% |
| Furniture and vehicles | 24 | €25,689 | €26,703 | +€1,014 | +3.9% |
| Current assets | 29/58 | €28,500 | €80,338 | +€51,838 | +182% |
| Amounts receivable within one year | 40/41 | €9,201 | €0 | -€9,201 | -100% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €9,201 | €0 | -€9,201 | -100% |
| Cash at bank and in hand | 54/58 | €17,961 | €75,173 | +€57,212 | +319% |
| Deferred charges and accrued income | 490/1 | €1,338 | €5,165 | +€3,827 | +286% |
| Total equity and liabilities | 10/49 | €999,284 | €997,046 | -€2,238 | -0.2% |
| Equity | 10/15 | €231,153 | €297,934 | +€66,781 | +28.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €176,422 | €243,203 | +€66,781 | +37.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,750 | €28,750 | = | 0.0% |
| Distributable reserves | 133 | €145,812 | €212,593 | +€66,781 | +45.8% |
| Profit (loss) carried forward | 14 | €36,131 | €36,131 | = | 0.0% |
| Amounts payable | 17/49 | €768,130 | €699,112 | -€69,018 | -9.0% |
| Amounts payable after more than one year | 17 | €671,273 | €595,993 | -€75,279 | -11.2% |
| Financial debts | 170/4 | €671,273 | €595,993 | -€75,279 | -11.2% |
| Amounts payable within one year | 42/48 | €96,858 | €103,119 | +€6,261 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €73,435 | €75,279 | +€1,845 | +2.5% |
| Trade debts | 44 | €266 | €0 | -€266 | -100% |
| Suppliers | 440/4 | €266 | €0 | -€266 | -100% |
| Advances received on contracts in progress | 46 | €1,600 | €800 | -€800 | -50.0% |
| Taxes, remuneration and social security | 45 | €3,060 | €15,435 | +€12,375 | +404% |
| Taxes | 450/3 | €3,060 | €15,435 | +€12,375 | +404% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €18,497 | €11,604 | -€6,893 | -37.3% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,659 | €75,340 | -€1,320 | -1.7% |
| Other operating charges | 640/8 | €5,721 | €4,925 | -€797 | -13.9% |
| Gross operating margin | 9900 | €132,802 | €201,415 | +€68,613 | +51.7% |
| Operating profit (loss) | 9901 | €50,421 | €121,150 | +€70,729 | +140% |
| Financial income | 75/76B | €470 | - | -€470 | |
| Recurring financial income | 75 | €470 | - | -€470 | |
| Financial charges | 65/66B | €17,549 | €18,513 | +€964 | +5.5% |
| Recurring financial charges | 65 | €17,549 | €18,513 | +€964 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €33,342 | €102,637 | +€69,295 | +208% |
| Income taxes | 67/77 | €13,103 | €35,857 | +€22,753 | +174% |
| Profit (loss) for the period | 9904 | €20,239 | €66,781 | +€46,542 | +230% |
| Profit (loss) for the period to be appropriated | 9905 | €20,239 | €66,781 | +€46,542 | +230% |
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 19 October 2026 via checked.be.