KINE-K: 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-K
Largest movements
- Cash -€65,303
down €65,303 (-50.9%), from €128,232 to €62,928
mainly Contributions, distributions and other (-€74,941) and Other debts (-€46,718)
- Tangible fixed assets -€5,364
down €5,364 (-35.5%), from €15,108 to €9,743
of which Plant, machinery and equipment: -€3,161
- Other debts -€46,718
down €46,718 (-42.3%), from €110,537 to €63,820
- Tax, wage and social debts -€17,112
down €17,112 (-81.2%), from €21,078 to €3,967
- Profit (loss) carried forward -€5,703
down €5,703 (-75.4%), from €7,560 to €1,857
- Gross operating margin +€36,898
up €36,898 (+63.8%), from €57,844 to €94,742
- Taxes +€7,062
up €7,062 (+64.7%), from €10,917 to €17,979
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 | €144,786 | €75,055 | -€69,731 | -48.2% |
| Fixed assets | 21/28 | €15,108 | €9,743 | -€5,364 | -35.5% |
| Tangible fixed assets | 22/27 | €15,108 | €9,743 | -€5,364 | -35.5% |
| Plant, machinery and equipment | 23 | €6,268 | €3,107 | -€3,161 | -50.4% |
| Furniture and vehicles | 24 | €4,007 | €2,519 | -€1,488 | -37.1% |
| Other tangible fixed assets | 26 | €4,833 | €4,117 | -€715 | -14.8% |
| Current assets | 29/58 | €129,678 | €65,312 | -€64,366 | -49.6% |
| Amounts receivable within one year | 40/41 | - | €921 | +€921 | |
| Other amounts receivable | 41 | - | €921 | +€921 | |
| Cash at bank and in hand | 54/58 | €128,232 | €62,928 | -€65,303 | -50.9% |
| Deferred charges and accrued income | 490/1 | €1,447 | €1,463 | +€16 | +1.1% |
| Total equity and liabilities | 10/49 | €144,786 | €75,055 | -€69,731 | -48.2% |
| Equity | 10/15 | €12,560 | €6,857 | -€5,703 | -45.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,560 | €1,857 | -€5,703 | -75.4% |
| Amounts payable | 17/49 | €132,226 | €68,199 | -€64,028 | -48.4% |
| Amounts payable within one year | 42/48 | €132,226 | €68,199 | -€64,028 | -48.4% |
| Trade debts | 44 | €611 | €412 | -€198 | -32.5% |
| Suppliers | 440/4 | €611 | €412 | -€198 | -32.5% |
| Taxes, remuneration and social security | 45 | €21,078 | €3,967 | -€17,112 | -81.2% |
| Taxes | 450/3 | €21,078 | €3,967 | -€17,112 | -81.2% |
| Other amounts payable | 47/48 | €110,537 | €63,820 | -€46,718 | -42.3% |
| Non-recurring operating income | 76A | €927 | - | -€927 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,359 | €5,590 | -€769 | -12.1% |
| Other operating charges | 640/8 | €1,122 | €694 | -€428 | -38.2% |
| Non-recurring operating charges | 66A | - | €1,163 | +€1,163 | |
| Gross operating margin | 9900 | €57,844 | €94,742 | +€36,898 | +63.8% |
| Operating profit (loss) | 9901 | €50,363 | €87,295 | +€36,932 | +73.3% |
| Financial charges | 65/66B | €197 | €78 | -€119 | -60.3% |
| Recurring financial charges | 65 | €197 | €78 | -€119 | -60.3% |
| Profit (loss) for the period before taxes | 9903 | €50,167 | €87,217 | +€37,050 | +73.9% |
| Income taxes | 67/77 | €10,917 | €17,979 | +€7,062 | +64.7% |
| Profit (loss) for the period | 9904 | €39,250 | €69,238 | +€29,988 | +76.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,250 | €69,238 | +€29,988 | +76.4% |
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 16 October 2026 via checked.be.