Kine Herselt: 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 Herselt
Largest movements
- Tangible fixed assets +€46,850
up €46,850 (+654%), from €7,166 to €54,016
of which Other tangible fixed assets: +€46,376
- Cash +€37,875
up €37,875 (+94.6%), from €40,020 to €77,894
mainly Net result for the year (+€65,790) and Tax, wage and social debts (+€12,838)
- Reserves +€65,790
up €65,790 (+74.0%), from €88,938 to €154,728
- Tax, wage and social debts +€12,838
up €12,838 (+38.4%), from €33,447 to €46,285
of which Taxes: +€11,343
- Accrued charges and deferred income +€3,829
up €3,829 (+62.7%), from €6,111 to €9,940
- Other debts +€3,349
up €3,349 (+23.3%), from €14,366 to €17,714
- Gross operating margin +€7,892
up €7,892 (+9.1%), from €86,612 to €94,504
- Depreciation +€3,539
up €3,539 (+209%), from €1,691 to €5,230
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 | €147,186 | €231,910 | +€84,725 | +57.6% |
| Fixed assets | 21/28 | €7,166 | €54,016 | +€46,850 | +654% |
| Tangible fixed assets | 22/27 | €7,166 | €54,016 | +€46,850 | +654% |
| Plant, machinery and equipment | 23 | €3,391 | €3,865 | +€474 | +14.0% |
| Other tangible fixed assets | 26 | €3,776 | €50,151 | +€46,376 | +1,228% |
| Current assets | 29/58 | €140,020 | €177,894 | +€37,875 | +27.0% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,020 | €77,894 | +€37,875 | +94.6% |
| Total equity and liabilities | 10/49 | €147,186 | €231,910 | +€84,725 | +57.6% |
| Equity | 10/15 | €91,438 | €157,228 | +€65,790 | +71.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €88,938 | €154,728 | +€65,790 | +74.0% |
| Distributable reserves | 133 | €88,938 | €154,728 | +€65,790 | +74.0% |
| Amounts payable | 17/49 | €55,747 | €74,682 | +€18,935 | +34.0% |
| Amounts payable within one year | 42/48 | €49,637 | €64,742 | +€15,106 | +30.4% |
| Trade debts | 44 | €1,824 | €743 | -€1,081 | -59.3% |
| Suppliers | 440/4 | €1,824 | €743 | -€1,081 | -59.3% |
| Taxes, remuneration and social security | 45 | €33,447 | €46,285 | +€12,838 | +38.4% |
| Taxes | 450/3 | €33,447 | €44,790 | +€11,343 | +33.9% |
| Remuneration and social security | 454/9 | - | €1,495 | +€1,495 | |
| Other amounts payable | 47/48 | €14,366 | €17,714 | +€3,349 | +23.3% |
| Accrued charges and deferred income | 492/3 | €6,111 | €9,940 | +€3,829 | +62.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,691 | €5,230 | +€3,539 | +209% |
| Other operating charges | 640/8 | €1,000 | €1,031 | +€31 | +3.1% |
| Gross operating margin | 9900 | €86,612 | €94,504 | +€7,892 | +9.1% |
| Operating profit (loss) | 9901 | €83,922 | €88,243 | +€4,322 | +5.1% |
| Financial income | 75/76B | €47 | €5 | -€42 | -89.9% |
| Recurring financial income | 75 | €47 | €5 | -€42 | -89.9% |
| Financial charges | 65/66B | €71 | €54 | -€17 | -23.9% |
| Recurring financial charges | 65 | €71 | €54 | -€17 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €83,898 | €88,194 | +€4,296 | +5.1% |
| Income taxes | 67/77 | €22,386 | €22,404 | +€18 | +0.1% |
| Profit (loss) for the period | 9904 | €61,511 | €65,790 | +€4,278 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,511 | €65,790 | +€4,278 | +7.0% |
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 25 October 2026 via checked.be.