Kiné.Lau: 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.Lau
Largest movements
- Cash +€216,363
up €216,363 (+129%), from €168,005 to €384,368
mainly Net result for the year (+€158,030) and Depreciation (+€22,206)
- Tangible fixed assets -€17,460
down €17,460 (-34.3%), from €50,906 to €33,446
of which Furniture and vehicles: -€9,407
- Stocks and contracts -€5,115
down €5,115 (-84.2%), from €6,073 to €958
- Reserves +€157,000
new in 2025: €157,000
- Tax, wage and social debts +€22,086
up €22,086 (+697%), from €3,169 to €25,255
- Accrued charges and deferred income +€7,255
up €7,255 (+154%), from €4,702 to €11,957
- Gross operating margin +€95,341
up €95,341 (+40.8%), from €233,485 to €328,826
- Staff costs +€31,550
up €31,550 (+84.9%), from €37,146 to €68,696
- Taxes +€28,918
up €28,918 (+75.8%), from €38,169 to €67,086
- Depreciation +€5,576
up €5,576 (+33.5%), from €16,630 to €22,206
- Financial charges +€3,696
up €3,696 (+136%), from €2,716 to €6,412
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 | €271,662 | €458,073 | +€186,411 | +68.6% |
| Formation expenses | 20 | €1,047 | €800 | -€246 | -23.5% |
| Fixed assets | 21/28 | €92,516 | €70,556 | -€21,960 | -23.7% |
| Intangible fixed assets | 21 | €41,610 | €37,110 | -€4,500 | -10.8% |
| Tangible fixed assets | 22/27 | €50,906 | €33,446 | -€17,460 | -34.3% |
| Plant, machinery and equipment | 23 | €27,812 | €19,759 | -€8,053 | -29.0% |
| Furniture and vehicles | 24 | €23,094 | €13,687 | -€9,407 | -40.7% |
| Current assets | 29/58 | €178,100 | €386,717 | +€208,618 | +117% |
| Stocks and contracts in progress | 3 | €6,073 | €958 | -€5,115 | -84.2% |
| Stocks | 30/36 | €6,073 | €958 | -€5,115 | -84.2% |
| Amounts receivable within one year | 40/41 | €2,937 | €303 | -€2,634 | -89.7% |
| Trade receivables | 40 | €586 | €149 | -€437 | -74.6% |
| Other amounts receivable | 41 | €2,351 | €155 | -€2,196 | -93.4% |
| Cash at bank and in hand | 54/58 | €168,005 | €384,368 | +€216,363 | +129% |
| Deferred charges and accrued income | 490/1 | €1,085 | €1,088 | +€3 | +0.3% |
| Total equity and liabilities | 10/49 | €271,662 | €458,073 | +€186,411 | +68.6% |
| Equity | 10/15 | €149,268 | €307,298 | +€158,030 | +106% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | - | €157,000 | +€157,000 | |
| Distributable reserves | 133 | - | €157,000 | +€157,000 | |
| Profit (loss) carried forward | 14 | €134,268 | €135,298 | +€1,030 | +0.8% |
| Amounts payable | 17/49 | €122,394 | €150,775 | +€28,381 | +23.2% |
| Amounts payable within one year | 42/48 | €117,691 | €138,818 | +€21,126 | +18.0% |
| Trade debts | 44 | €4,859 | €5,766 | +€907 | +18.7% |
| Suppliers | 440/4 | €4,859 | €5,766 | +€907 | +18.7% |
| Advances received on contracts in progress | 46 | - | €476 | +€476 | |
| Taxes, remuneration and social security | 45 | €3,169 | €25,255 | +€22,086 | +697% |
| Taxes | 450/3 | €3,169 | €25,255 | +€22,086 | +697% |
| Other amounts payable | 47/48 | €109,664 | €107,321 | -€2,343 | -2.1% |
| Accrued charges and deferred income | 492/3 | €4,702 | €11,957 | +€7,255 | +154% |
| Non-recurring operating income | 76A | €2,716 | - | -€2,716 | |
| Remuneration, social security and pensions | 62 | €37,146 | €68,696 | +€31,550 | +84.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,630 | €22,206 | +€5,576 | +33.5% |
| Other operating charges | 640/8 | €4,557 | €6,400 | +€1,842 | +40.4% |
| Gross operating margin | 9900 | €233,485 | €328,826 | +€95,341 | +40.8% |
| Operating profit (loss) | 9901 | €175,152 | €231,524 | +€56,372 | +32.2% |
| Financial income | 75/76B | €0 | €4 | +€4 | +1,011% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +1,011% |
| Financial charges | 65/66B | €2,716 | €6,412 | +€3,696 | +136% |
| Recurring financial charges | 65 | €2,716 | €6,412 | +€3,696 | +136% |
| Profit (loss) for the period before taxes | 9903 | €172,437 | €225,116 | +€52,679 | +30.5% |
| Income taxes | 67/77 | €38,169 | €67,086 | +€28,918 | +75.8% |
| Profit (loss) for the period | 9904 | €134,268 | €158,030 | +€23,762 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €134,268 | €158,030 | +€23,762 | +17.7% |
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 29 October 2026 via checked.be.