KINE MORAINE: 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 MORAINE
Largest movements
- Tangible fixed assets -€9,551
down €9,551 (-11.4%), from €83,541 to €73,990
of which Furniture and vehicles: -€5,200
- Cash +€881
up €881 (+110%), from €798 to €1,679
mainly Depreciation (+€10,079) and Net result for the year (+€1,533)
- Other debts -€10,784
down €10,784 (-14.7%), from €73,532 to €62,748
- Tax, wage and social debts +€1,307
up €1,307 (+48.0%), from €2,720 to €4,027
- Gross operating margin -€3,411
down €3,411 (-19.8%), from €17,255 to €13,844
- Depreciation +€2,989
up €2,989 (+42.2%), from €7,089 to €10,079
- Taxes -€1,413
down €1,413 (-52.0%), from €2,720 to €1,307
- Other operating charges +€896
new in 2025: €896
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 | €84,884 | €76,506 | -€8,378 | -9.9% |
| Fixed assets | 21/28 | €83,541 | €73,990 | -€9,551 | -11.4% |
| Tangible fixed assets | 22/27 | €83,541 | €73,990 | -€9,551 | -11.4% |
| Plant, machinery and equipment | 23 | €350 | €639 | +€289 | +82.7% |
| Furniture and vehicles | 24 | €22,296 | €17,096 | -€5,200 | -23.3% |
| Leasing and similar rights | 25 | €858 | €658 | -€200 | -23.3% |
| Other tangible fixed assets | 26 | €60,037 | €55,597 | -€4,440 | -7.4% |
| Current assets | 29/58 | €1,344 | €2,516 | +€1,173 | +87.3% |
| Amounts receivable within one year | 40/41 | €162 | - | -€162 | |
| Trade receivables | 40 | €162 | - | -€162 | |
| Cash at bank and in hand | 54/58 | €798 | €1,679 | +€881 | +110% |
| Deferred charges and accrued income | 490/1 | €384 | €838 | +€454 | +118% |
| Total equity and liabilities | 10/49 | €84,884 | €76,506 | -€8,378 | -9.9% |
| Equity | 10/15 | €8,632 | €9,332 | +€700 | +8.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €6,600 | €7,300 | +€700 | +10.6% |
| Distributable reserves | 133 | €6,600 | €7,300 | +€700 | +10.6% |
| Profit (loss) carried forward | 14 | €32 | €32 | -€0 | -0.7% |
| Amounts payable | 17/49 | €76,252 | €67,174 | -€9,078 | -11.9% |
| Amounts payable within one year | 42/48 | €76,252 | €67,174 | -€9,078 | -11.9% |
| Trade debts | 44 | - | €399 | +€399 | |
| Suppliers | 440/4 | - | €399 | +€399 | |
| Taxes, remuneration and social security | 45 | €2,720 | €4,027 | +€1,307 | +48.0% |
| Taxes | 450/3 | €2,720 | €4,027 | +€1,307 | +48.0% |
| Other amounts payable | 47/48 | €73,532 | €62,748 | -€10,784 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,089 | €10,079 | +€2,989 | +42.2% |
| Other operating charges | 640/8 | - | €896 | +€896 | |
| Gross operating margin | 9900 | €17,255 | €13,844 | -€3,411 | -19.8% |
| Operating profit (loss) | 9901 | €10,165 | €2,869 | -€7,296 | -71.8% |
| Financial charges | 65/66B | €13 | €30 | +€17 | +125% |
| Recurring financial charges | 65 | €13 | €30 | +€17 | +125% |
| Profit (loss) for the period before taxes | 9903 | €10,152 | €2,840 | -€7,313 | -72.0% |
| Income taxes | 67/77 | €2,720 | €1,307 | -€1,413 | -52.0% |
| Profit (loss) for the period | 9904 | €7,432 | €1,533 | -€5,899 | -79.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,432 | €1,533 | -€5,899 | -79.4% |
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.