KINE MELS: 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 MELS
Largest movements
- Receivables within one year +€16,593
up €16,593 (+57.5%), from €28,845 to €45,438
of which Trade receivables: +€14,286
- Tangible fixed assets -€15,856
down €15,856 (-53.5%), from €29,635 to €13,779
of which Furniture and vehicles: -€12,465
- Cash -€1,324
down €1,324 (-18.1%), from €7,312 to €5,988
mainly Receivables within one year (-€16,593) and Current portion of long-term debt (-€10,364)
- Profit (loss) carried forward +€11,290
up €11,290 (+39.7%), from €28,471 to €39,762
- Current portion of long-term debt -€10,364
no longer reported in 2025 (was €10,364)
- Other debts -€2,747
no longer reported in 2025 (was €2,747)
- Trade debts +€1,674
up €1,674 (+322%), from €520 to €2,194
- Gross operating margin -€13,007
down €13,007 (-29.2%), from €44,511 to €31,504
- Taxes -€1,787
down €1,787 (-35.1%), from €5,091 to €3,304
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 | €67,983 | €67,397 | -€587 | -0.9% |
| Fixed assets | 21/28 | €31,826 | €15,970 | -€15,856 | -49.8% |
| Tangible fixed assets | 22/27 | €29,635 | €13,779 | -€15,856 | -53.5% |
| Land and buildings | 22 | €819 | €571 | -€249 | -30.4% |
| Plant, machinery and equipment | 23 | €1 | €1 | = | 0.0% |
| Furniture and vehicles | 24 | €16,247 | €3,782 | -€12,465 | -76.7% |
| Other tangible fixed assets | 26 | €12,568 | €9,426 | -€3,142 | -25.0% |
| Financial fixed assets | 28 | €2,191 | €2,191 | = | 0.0% |
| Current assets | 29/58 | €36,157 | €51,426 | +€15,269 | +42.2% |
| Amounts receivable within one year | 40/41 | €28,845 | €45,438 | +€16,593 | +57.5% |
| Trade receivables | 40 | €23,968 | €38,254 | +€14,286 | +59.6% |
| Other amounts receivable | 41 | €4,877 | €7,184 | +€2,308 | +47.3% |
| Cash at bank and in hand | 54/58 | €7,312 | €5,988 | -€1,324 | -18.1% |
| Total equity and liabilities | 10/49 | €67,983 | €67,397 | -€587 | -0.9% |
| Equity | 10/15 | €49,273 | €60,564 | +€11,290 | +22.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,202 | €2,202 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €342 | €342 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,471 | €39,762 | +€11,290 | +39.7% |
| Amounts payable | 17/49 | €18,710 | €6,833 | -€11,877 | -63.5% |
| Amounts payable after more than one year | 17 | €3,477 | €3,477 | = | 0.0% |
| Financial debts | 170/4 | €3,477 | €3,477 | = | 0.0% |
| Amounts payable within one year | 42/48 | €15,233 | €3,356 | -€11,877 | -78.0% |
| Current portion of amounts payable after more than one year | 42 | €10,364 | - | -€10,364 | |
| Trade debts | 44 | €520 | €2,194 | +€1,674 | +322% |
| Suppliers | 440/4 | €520 | €2,194 | +€1,674 | +322% |
| Taxes, remuneration and social security | 45 | €1,602 | €1,162 | -€440 | -27.5% |
| Taxes | 450/3 | €91 | €1,162 | +€1,071 | +1,180% |
| Remuneration and social security | 454/9 | €1,511 | - | -€1,511 | |
| Other amounts payable | 47/48 | €2,747 | - | -€2,747 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,797 | €15,856 | +€59 | +0.4% |
| Other operating charges | 640/8 | €297 | €614 | +€317 | +107% |
| Gross operating margin | 9900 | €44,511 | €31,504 | -€13,007 | -29.2% |
| Operating profit (loss) | 9901 | €28,416 | €15,034 | -€13,383 | -47.1% |
| Financial income | 75/76B | €35 | €2 | -€33 | -94.2% |
| Recurring financial income | 75 | €35 | €2 | -€33 | -94.2% |
| Financial charges | 65/66B | €619 | €441 | -€178 | -28.7% |
| Recurring financial charges | 65 | €619 | €441 | -€178 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €27,832 | €14,594 | -€13,237 | -47.6% |
| Income taxes | 67/77 | €5,091 | €3,304 | -€1,787 | -35.1% |
| Profit (loss) for the period | 9904 | €22,741 | €11,290 | -€11,451 | -50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,741 | €11,290 | -€11,451 | -50.4% |
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 26 October 2026 via checked.be.