Kine Moves: 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 Moves
Largest movements
- Tangible fixed assets +€21,643
up €21,643 (+16.7%), from €129,745 to €151,387
of which Other tangible fixed assets: +€32,165
- Cash +€3,906
up €3,906 (+3.7%), from €106,378 to €110,284
mainly Net result for the year (+€47,696) and Depreciation (+€16,303)
- Reserves +€47,696
up €47,696 (+28.8%), from €165,865 to €213,561
of which Distributable reserves: +€47,696
- Debts after one year -€23,798
down €23,798 (-74.1%), from €32,101 to €8,302
- Current portion of long-term debt +€7,997
up €7,997 (+1,042%), from €767 to €8,764
- Advances received +€7,598
up €7,598 (+2,215%), from €343 to €7,941
- Other debts -€7,503
down €7,503 (-37.8%), from €19,846 to €12,343
- Gross operating margin +€7,151
up €7,151 (+9.6%), from €74,718 to €81,869
- Depreciation +€3,142
up €3,142 (+23.9%), from €13,160 to €16,303
- Financial income +€1,042
up €1,042 (+74.1%), from €1,406 to €2,448
- Taxes +€1,034
up €1,034 (+5.9%), from €17,554 to €18,588
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 | €298,896 | €328,079 | +€29,183 | +9.8% |
| Fixed assets | 21/28 | €129,745 | €151,387 | +€21,643 | +16.7% |
| Tangible fixed assets | 22/27 | €129,745 | €151,387 | +€21,643 | +16.7% |
| Land and buildings | 22 | €108,578 | €101,119 | -€7,460 | -6.9% |
| Plant, machinery and equipment | 23 | €3,524 | €2,722 | -€801 | -22.7% |
| Furniture and vehicles | 24 | €12,812 | €10,551 | -€2,261 | -17.6% |
| Other tangible fixed assets | 26 | €4,831 | €36,995 | +€32,165 | +666% |
| Current assets | 29/58 | €169,151 | €176,692 | +€7,541 | +4.5% |
| Amounts receivable within one year | 40/41 | €2,518 | €5,741 | +€3,222 | +128% |
| Trade receivables | 40 | €2,518 | €3,366 | +€848 | +33.7% |
| Other amounts receivable | 41 | - | €2,374 | +€2,374 | |
| Current investments | 50/53 | €59,519 | €60,029 | +€510 | +0.9% |
| Cash at bank and in hand | 54/58 | €106,378 | €110,284 | +€3,906 | +3.7% |
| Deferred charges and accrued income | 490/1 | €736 | €638 | -€98 | -13.3% |
| Total equity and liabilities | 10/49 | €298,896 | €328,079 | +€29,183 | +9.8% |
| Equity | 10/15 | €225,196 | €272,892 | +€47,696 | +21.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €165,865 | €213,561 | +€47,696 | +28.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €164,005 | €211,701 | +€47,696 | +29.1% |
| Profit (loss) carried forward | 14 | €53,131 | €53,131 | = | 0.0% |
| Amounts payable | 17/49 | €73,700 | €55,187 | -€18,513 | -25.1% |
| Amounts payable after more than one year | 17 | €32,101 | €8,302 | -€23,798 | -74.1% |
| Financial debts | 170/4 | €32,101 | €8,302 | -€23,798 | -74.1% |
| Amounts payable within one year | 42/48 | €37,665 | €46,885 | +€9,220 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €767 | €8,764 | +€7,997 | +1,042% |
| Trade debts | 44 | €10,417 | €12,861 | +€2,444 | +23.5% |
| Suppliers | 440/4 | €10,417 | €12,861 | +€2,444 | +23.5% |
| Advances received on contracts in progress | 46 | €343 | €7,941 | +€7,598 | +2,215% |
| Taxes, remuneration and social security | 45 | €6,292 | €4,975 | -€1,317 | -20.9% |
| Taxes | 450/3 | €6,292 | €4,975 | -€1,317 | -20.9% |
| Other amounts payable | 47/48 | €19,846 | €12,343 | -€7,503 | -37.8% |
| Accrued charges and deferred income | 492/3 | €3,935 | €0 | -€3,935 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,160 | €16,303 | +€3,142 | +23.9% |
| Other operating charges | 640/8 | €338 | €771 | +€433 | +128% |
| Gross operating margin | 9900 | €74,718 | €81,869 | +€7,151 | +9.6% |
| Operating profit (loss) | 9901 | €61,220 | €64,795 | +€3,576 | +5.8% |
| Financial income | 75/76B | €1,406 | €2,448 | +€1,042 | +74.1% |
| Recurring financial income | 75 | €1,406 | €2,448 | +€1,042 | +74.1% |
| Financial charges | 65/66B | €1,741 | €959 | -€782 | -44.9% |
| Recurring financial charges | 65 | €1,741 | €959 | -€782 | -44.9% |
| Profit (loss) for the period before taxes | 9903 | €60,885 | €66,284 | +€5,399 | +8.9% |
| Income taxes | 67/77 | €17,554 | €18,588 | +€1,034 | +5.9% |
| Profit (loss) for the period | 9904 | €43,330 | €47,696 | +€4,366 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,330 | €47,696 | +€4,366 | +10.1% |
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 23 October 2026 via checked.be.