KINÉ HARPIGNY: 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.
KINÉ HARPIGNY
Largest movements
- Cash -€77,933
down €77,933 (-96.8%), from €80,514 to €2,581
mainly Contributions, distributions and other (-€156,000) and Investment in fixed assets (net) (-€25,651)
- Tangible fixed assets +€23,108
up €23,108 (+688%), from €3,358 to €26,466
of which Furniture and vehicles: +€22,098
- Intangible fixed assets -€13,000
down €13,000 (-14.5%), from €89,932 to €76,932
- Deferred charges and accrued income -€9,676
down €9,676 (-41.2%), from €23,503 to €13,827
- Profit (loss) carried forward -€107,273
no longer reported in 2025 (was €107,273)
- Other debts +€30,987
up €30,987 (+413%), from €7,507 to €38,494
- Debts after one year -€18,787
down €18,787 (-32.9%), from €57,029 to €38,242
- Trade debts +€15,405
up €15,405 (+884%), from €1,743 to €17,148
- Gross operating margin +€10,516
up €10,516 (+14.7%), from €71,528 to €82,045
- Taxes +€2,365
up €2,365 (+23.4%), from €10,086 to €12,450
- Depreciation -€1,373
down €1,373 (-8.1%), from €16,916 to €15,543
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 | €197,306 | €119,805 | -€77,501 | -39.3% |
| Fixed assets | 21/28 | €93,290 | €103,398 | +€10,108 | +10.8% |
| Intangible fixed assets | 21 | €89,932 | €76,932 | -€13,000 | -14.5% |
| Tangible fixed assets | 22/27 | €3,358 | €26,466 | +€23,108 | +688% |
| Plant, machinery and equipment | 23 | €586 | €1,597 | +€1,010 | +172% |
| Furniture and vehicles | 24 | €2,772 | €24,869 | +€22,098 | +797% |
| Current assets | 29/58 | €104,017 | €16,408 | -€87,609 | -84.2% |
| Cash at bank and in hand | 54/58 | €80,514 | €2,581 | -€77,933 | -96.8% |
| Deferred charges and accrued income | 490/1 | €23,503 | €13,827 | -€9,676 | -41.2% |
| Total equity and liabilities | 10/49 | €197,306 | €119,805 | -€77,501 | -39.3% |
| Equity | 10/15 | €110,273 | €3,000 | -€107,273 | -97.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,273 | - | -€107,273 | |
| Amounts payable | 17/49 | €87,034 | €116,805 | +€29,772 | +34.2% |
| Amounts payable after more than one year | 17 | €57,029 | €38,242 | -€18,787 | -32.9% |
| Financial debts | 170/4 | €57,029 | €38,242 | -€18,787 | -32.9% |
| Amounts payable within one year | 42/48 | €30,005 | €78,563 | +€48,558 | +162% |
| Current portion of amounts payable after more than one year | 42 | €18,567 | €18,787 | +€220 | +1.2% |
| Trade debts | 44 | €1,743 | €17,148 | +€15,405 | +884% |
| Suppliers | 440/4 | €1,743 | €17,148 | +€15,405 | +884% |
| Taxes, remuneration and social security | 45 | €2,188 | €4,135 | +€1,947 | +89.0% |
| Taxes | 450/3 | €2,188 | €4,135 | +€1,947 | +89.0% |
| Other amounts payable | 47/48 | €7,507 | €38,494 | +€30,987 | +413% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,916 | €15,543 | -€1,373 | -8.1% |
| Other operating charges | 640/8 | €4,680 | €4,314 | -€367 | -7.8% |
| Gross operating margin | 9900 | €71,528 | €82,045 | +€10,516 | +14.7% |
| Operating profit (loss) | 9901 | €49,933 | €62,188 | +€12,256 | +24.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,293 | €1,011 | -€282 | -21.8% |
| Recurring financial charges | 65 | €1,293 | €1,011 | -€282 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €48,640 | €61,178 | +€12,538 | +25.8% |
| Income taxes | 67/77 | €10,086 | €12,450 | +€2,365 | +23.4% |
| Profit (loss) for the period | 9904 | €38,554 | €48,727 | +€10,173 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,554 | €48,727 | +€10,173 | +26.4% |
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 30 October 2026 via checked.be.