Kine M: 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 M
Largest movements
- Cash +€46,696
up €46,696 (+46.5%), from €100,345 to €147,040
mainly Other debts (+€60,181) and Net result for the year (+€55,852)
- Receivables within one year -€1,820
down €1,820 (-9.5%), from €19,152 to €17,332
of which Other amounts receivable: -€3,512
- Other debts +€60,181
up €60,181 (+371%), from €16,209 to €76,391
- Reserves -€19,148
down €19,148 (-18.1%), from €105,641 to €86,493
- Accrued charges and deferred income +€3,180
new in 2025: €3,180
- Gross operating margin +€14,401
up €14,401 (+25.4%), from €56,799 to €71,200
- Taxes +€3,304
up €3,304 (+29.4%), from €11,258 to €14,562
- Financial income +€1,235
up €1,235 (+12,350,700%), from €0 to €1,235
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 | €124,538 | €168,576 | +€44,038 | +35.4% |
| Fixed assets | 21/28 | €2,971 | €1,899 | -€1,071 | -36.1% |
| Tangible fixed assets | 22/27 | €2,971 | €1,899 | -€1,071 | -36.1% |
| Furniture and vehicles | 24 | €2,971 | €1,899 | -€1,071 | -36.1% |
| Current assets | 29/58 | €121,567 | €166,676 | +€45,109 | +37.1% |
| Amounts receivable within one year | 40/41 | €19,152 | €17,332 | -€1,820 | -9.5% |
| Trade receivables | 40 | €15,175 | €16,867 | +€1,692 | +11.2% |
| Other amounts receivable | 41 | €3,977 | €465 | -€3,512 | -88.3% |
| Cash at bank and in hand | 54/58 | €100,345 | €147,040 | +€46,696 | +46.5% |
| Deferred charges and accrued income | 490/1 | €2,070 | €2,304 | +€233 | +11.3% |
| Total equity and liabilities | 10/49 | €124,538 | €168,576 | +€44,038 | +35.4% |
| Equity | 10/15 | €108,141 | €88,993 | -€19,148 | -17.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €105,641 | €86,493 | -€19,148 | -18.1% |
| Distributable reserves | 133 | €105,641 | €86,493 | -€19,148 | -18.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €16,397 | €79,583 | +€63,186 | +385% |
| Amounts payable within one year | 42/48 | €16,397 | €76,403 | +€60,006 | +366% |
| Trade debts | 44 | €187 | €12 | -€175 | -93.4% |
| Suppliers | 440/4 | €187 | €12 | -€175 | -93.4% |
| Other amounts payable | 47/48 | €16,209 | €76,391 | +€60,181 | +371% |
| Accrued charges and deferred income | 492/3 | - | €3,180 | +€3,180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €637 | €1,071 | +€434 | +68.1% |
| Other operating charges | 640/8 | €505 | €626 | +€120 | +23.8% |
| Gross operating margin | 9900 | €56,799 | €71,200 | +€14,401 | +25.4% |
| Operating profit (loss) | 9901 | €55,656 | €69,503 | +€13,847 | +24.9% |
| Financial income | 75/76B | €0 | €1,235 | +€1,235 | +12,350,700% |
| Recurring financial income | 75 | €0 | €1,235 | +€1,235 | +12,350,700% |
| Financial charges | 65/66B | €273 | €325 | +€51 | +18.8% |
| Recurring financial charges | 65 | €273 | €325 | +€51 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €55,383 | €70,413 | +€15,031 | +27.1% |
| Income taxes | 67/77 | €11,258 | €14,562 | +€3,304 | +29.4% |
| Profit (loss) for the period | 9904 | €44,125 | €55,852 | +€11,726 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,125 | €55,852 | +€11,726 | +26.6% |
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 22 October 2026 via checked.be.