KINE-MATICS: 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-MATICS
Largest movements
- Deferred charges and accrued income -€7,742
down €7,742 (-58.0%), from €13,338 to €5,596
- Receivables within one year +€4,183
new in 2025: €4,183
- Tangible fixed assets +€2,921
up €2,921 (+308%), from €947 to €3,868
of which Plant, machinery and equipment: +€1,710
- Cash +€2,722
up €2,722 (+19.8%), from €13,767 to €16,490
mainly Deferred charges and accrued income (+€7,742) and Net result for the year (+€6,832)
- Profit (loss) carried forward +€6,832
up €6,832 (+65.4%), from -€10,447 to -€3,615
- Other debts -€2,937
down €2,937 (-11.1%), from €26,453 to €23,516
- Trade debts -€1,988
no longer reported in 2025 (was €1,988)
- Tax, wage and social debts +€553
up €553 (+220%), from €251 to €805
- Accrued charges and deferred income -€376
down €376 (-5.5%), from €6,808 to €6,432
- Write-downs -€13,375
no longer reported in 2025 (was €13,375)
- Gross operating margin -€5,078
down €5,078 (-38.0%), from €13,355 to €8,277
- Depreciation -€2,070
down €2,070 (-74.5%), from €2,778 to €708
- Taxes +€302
up €302 (+120%), from €251 to €553
- Other operating charges +€144
new in 2025: €144
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 | €28,053 | €30,137 | +€2,084 | +7.4% |
| Fixed assets | 21/28 | €947 | €3,868 | +€2,921 | +308% |
| Tangible fixed assets | 22/27 | €947 | €3,868 | +€2,921 | +308% |
| Plant, machinery and equipment | 23 | €338 | €2,049 | +€1,710 | +506% |
| Furniture and vehicles | 24 | €609 | €1,819 | +€1,210 | +199% |
| Current assets | 29/58 | €27,106 | €26,269 | -€837 | -3.1% |
| Amounts receivable within one year | 40/41 | - | €4,183 | +€4,183 | |
| Trade receivables | 40 | - | €4,183 | +€4,183 | |
| Cash at bank and in hand | 54/58 | €13,767 | €16,490 | +€2,722 | +19.8% |
| Deferred charges and accrued income | 490/1 | €13,338 | €5,596 | -€7,742 | -58.0% |
| Total equity and liabilities | 10/49 | €28,053 | €30,137 | +€2,084 | +7.4% |
| Equity | 10/15 | -€7,447 | -€615 | +€6,832 | +91.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,447 | -€3,615 | +€6,832 | +65.4% |
| Amounts payable | 17/49 | €35,500 | €30,752 | -€4,748 | -13.4% |
| Amounts payable within one year | 42/48 | €28,692 | €24,320 | -€4,372 | -15.2% |
| Trade debts | 44 | €1,988 | - | -€1,988 | |
| Suppliers | 440/4 | €1,988 | - | -€1,988 | |
| Taxes, remuneration and social security | 45 | €251 | €805 | +€553 | +220% |
| Taxes | 450/3 | €251 | €805 | +€553 | +220% |
| Other amounts payable | 47/48 | €26,453 | €23,516 | -€2,937 | -11.1% |
| Accrued charges and deferred income | 492/3 | €6,808 | €6,432 | -€376 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,778 | €708 | -€2,070 | -74.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,375 | - | -€13,375 | |
| Other operating charges | 640/8 | - | €144 | +€144 | |
| Non-recurring operating charges | 66A | €7,350 | - | -€7,350 | |
| Gross operating margin | 9900 | €13,355 | €8,277 | -€5,078 | -38.0% |
| Operating profit (loss) | 9901 | -€10,148 | €7,425 | +€17,572 | |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €48 | €50 | +€2 | +3.7% |
| Recurring financial charges | 65 | €48 | €50 | +€2 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,196 | €7,385 | +€17,581 | |
| Income taxes | 67/77 | €251 | €553 | +€302 | +120% |
| Profit (loss) for the period | 9904 | -€10,447 | €6,832 | +€17,280 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,447 | €6,832 | +€17,280 |
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 14 October 2026 via checked.be.