KINE HEIDE: 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 HEIDE
Largest movements
- Cash -€103,400
down €103,400 (-23.7%), from €435,798 to €332,398
mainly Other debts (-€66,426) and Trade debts (-€54,143)
- Receivables within one year -€38,610
down €38,610 (-72.5%), from €53,239 to €14,629
of which Trade receivables: -€27,319
- Receivables after one year -€20,462
down €20,462 (-14.1%), from €145,045 to €124,582
- Tangible fixed assets -€16,095
no longer reported in 2025 (was €16,095)
of which Other tangible fixed assets: -€11,657
- Other debts -€66,426
down €66,426 (-83.5%), from €79,535 to €13,109
- Trade debts -€54,143
down €54,143 (-99.3%), from €54,498 to €355
- Profit (loss) carried forward -€31,052
new in 2025: -€31,052
- Provisions -€20,926
no longer reported in 2025 (was €20,926)
- Tax, wage and social debts -€7,388
down €7,388 (-45.2%), from €16,337 to €8,949
of which Taxes: -€5,221
- Gross operating margin -€286,074
down €286,074, from €276,099 to -€9,975
- Taxes -€75,867
down €75,867, from €74,815 to -€1,051
- Provisions -€41,853
down €41,853, from €20,926 to -€20,926
- Other operating charges +€14,399
up €14,399 (+686%), from €2,098 to €16,496
- Financial charges -€7,192
down €7,192 (-99.3%), from €7,246 to €54
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 | €651,545 | €471,610 | -€179,935 | -27.6% |
| Fixed assets | 21/28 | €16,095 | - | -€16,095 | |
| Tangible fixed assets | 22/27 | €16,095 | - | -€16,095 | |
| Furniture and vehicles | 24 | €4,438 | - | -€4,438 | |
| Other tangible fixed assets | 26 | €11,657 | - | -€11,657 | |
| Current assets | 29/58 | €635,450 | €471,610 | -€163,840 | -25.8% |
| Amounts receivable after more than one year | 29 | €145,045 | €124,582 | -€20,462 | -14.1% |
| Other amounts receivable | 291 | €145,045 | €124,582 | -€20,462 | -14.1% |
| Amounts receivable within one year | 40/41 | €53,239 | €14,629 | -€38,610 | -72.5% |
| Trade receivables | 40 | €28,355 | €1,036 | -€27,319 | -96.3% |
| Other amounts receivable | 41 | €24,884 | €13,593 | -€11,291 | -45.4% |
| Cash at bank and in hand | 54/58 | €435,798 | €332,398 | -€103,400 | -23.7% |
| Deferred charges and accrued income | 490/1 | €1,368 | - | -€1,368 | |
| Total equity and liabilities | 10/49 | €651,545 | €471,610 | -€179,935 | -27.6% |
| Equity | 10/15 | €480,250 | €449,198 | -€31,052 | -6.5% |
| Contributions | 10/11 | €69,200 | €69,200 | = | 0.0% |
| Reserves | 13 | €411,050 | €411,050 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,252 | €1,252 | = | 0.0% |
| Distributable reserves | 133 | €409,797 | €409,797 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€31,052 | -€31,052 | |
| Provisions and deferred taxes | 16 | €20,926 | - | -€20,926 | |
| Provisions for liabilities and charges | 160/5 | €20,926 | - | -€20,926 | |
| Environmental obligations | 163 | €20,926 | - | -€20,926 | |
| Amounts payable | 17/49 | €150,369 | €22,412 | -€127,957 | -85.1% |
| Amounts payable within one year | 42/48 | €150,369 | €22,412 | -€127,957 | -85.1% |
| Trade debts | 44 | €54,498 | €355 | -€54,143 | -99.3% |
| Suppliers | 440/4 | €54,498 | €355 | -€54,143 | -99.3% |
| Taxes, remuneration and social security | 45 | €16,337 | €8,949 | -€7,388 | -45.2% |
| Taxes | 450/3 | €14,170 | €8,949 | -€5,221 | -36.8% |
| Remuneration and social security | 454/9 | €2,167 | - | -€2,167 | |
| Other amounts payable | 47/48 | €79,535 | €13,109 | -€66,426 | -83.5% |
| Non-recurring operating income | 76A | €244,555 | - | -€244,555 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,850 | - | -€2,850 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €20,926 | -€20,926 | -€41,853 | |
| Other operating charges | 640/8 | €2,098 | €16,496 | +€14,399 | +686% |
| Non-recurring operating charges | 66A | - | €29,784 | +€29,784 | |
| Gross operating margin | 9900 | €276,099 | -€9,975 | -€286,074 | |
| Operating profit (loss) | 9901 | €250,225 | -€35,329 | -€285,554 | |
| Financial income | 75/76B | €2,770 | €3,280 | +€510 | +18.4% |
| Recurring financial income | 75 | €2,770 | €3,280 | +€510 | +18.4% |
| Financial charges | 65/66B | €7,246 | €54 | -€7,192 | -99.3% |
| Recurring financial charges | 65 | €7,246 | €54 | -€7,192 | -99.3% |
| Profit (loss) for the period before taxes | 9903 | €245,749 | -€32,103 | -€277,853 | |
| Income taxes | 67/77 | €74,815 | -€1,051 | -€75,867 | |
| Profit (loss) for the period | 9904 | €170,934 | -€31,052 | -€201,986 | |
| Profit (loss) for the period to be appropriated | 9905 | €170,934 | -€31,052 | -€201,986 |
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 25 October 2026 via checked.be.