KINE JUSTINE: what changed
KINE JUSTINE
Largest movements
- Cash +€22,904
up €22,904 (+118%), from €19,455 to €42,359
mainly Net result for the year (+€22,810) and Deferred charges and accrued income (+€7,675)
- Deferred charges and accrued income -€7,675
down €7,675 (-98.6%), from €7,785 to €110
- Receivables within one year +€6,064
up €6,064 (+244%), from €2,487 to €8,551
of which Trade receivables: +€7,780
- Reserves +€21,977
up €21,977 (+93.3%), from €23,550 to €45,527
- Trade debts -€1,021
down €1,021 (-93.8%), from €1,089 to €68
- Other debts +€583
up €583 (+46.7%), from €1,249 to €1,832
- Gross operating margin -€1,517
down €1,517 (-4.8%), from €31,350 to €29,832
- Depreciation +€411
up €411 (+122%), from €338 to €749
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,145 | €52,893 | +€21,747 | +69.8% |
| Fixed assets | 21/28 | €1,418 | €1,872 | +€454 | +32.0% |
| Tangible fixed assets | 22/27 | €1,418 | €1,872 | +€454 | +32.0% |
| Plant, machinery and equipment | 23 | €1,418 | €1,067 | -€351 | -24.8% |
| Furniture and vehicles | 24 | - | €805 | +€805 | |
| Current assets | 29/58 | €29,727 | €51,020 | +€21,293 | +71.6% |
| Amounts receivable within one year | 40/41 | €2,487 | €8,551 | +€6,064 | +244% |
| Trade receivables | 40 | - | €7,780 | +€7,780 | |
| Other amounts receivable | 41 | €2,487 | €772 | -€1,716 | -69.0% |
| Cash at bank and in hand | 54/58 | €19,455 | €42,359 | +€22,904 | +118% |
| Deferred charges and accrued income | 490/1 | €7,785 | €110 | -€7,675 | -98.6% |
| Total equity and liabilities | 10/49 | €31,145 | €52,893 | +€21,747 | +69.8% |
| Equity | 10/15 | €28,550 | €50,527 | +€21,977 | +77.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €23,550 | €45,527 | +€21,977 | +93.3% |
| Distributable reserves | 133 | €23,550 | €45,527 | +€21,977 | +93.3% |
| Amounts payable | 17/49 | €2,596 | €2,366 | -€230 | -8.9% |
| Amounts payable within one year | 42/48 | €2,596 | €2,150 | -€446 | -17.2% |
| Trade debts | 44 | €1,089 | €68 | -€1,021 | -93.8% |
| Suppliers | 440/4 | €1,089 | €68 | -€1,021 | -93.8% |
| Taxes, remuneration and social security | 45 | €258 | €250 | -€8 | -3.0% |
| Taxes | 450/3 | €258 | €250 | -€8 | -3.0% |
| Other amounts payable | 47/48 | €1,249 | €1,832 | +€583 | +46.7% |
| Accrued charges and deferred income | 492/3 | - | €216 | +€216 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €338 | €749 | +€411 | +122% |
| Other operating charges | 640/8 | €50 | - | -€50 | |
| Gross operating margin | 9900 | €31,350 | €29,832 | -€1,517 | -4.8% |
| Operating profit (loss) | 9901 | €30,962 | €29,083 | -€1,878 | -6.1% |
| Financial charges | 65/66B | €40 | €45 | +€5 | +11.8% |
| Recurring financial charges | 65 | €40 | €45 | +€5 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €30,922 | €29,038 | -€1,883 | -6.1% |
| Income taxes | 67/77 | €6,513 | €6,228 | -€284 | -4.4% |
| Profit (loss) for the period | 9904 | €24,409 | €22,810 | -€1,599 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,409 | €22,810 | -€1,599 | -6.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.