Kine MVH: 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 MVH
Largest movements
- Receivables within one year +€15,756
up €15,756 (+199%), from €7,927 to €23,683
of which Trade receivables: +€12,340
- Tangible fixed assets +€11,168
new in 2025: €11,168
of which Furniture and vehicles: +€7,966
- Current investments +€5,300
new in 2025: €5,300
- Cash -€1,572
down €1,572 (-3.0%), from €52,816 to €51,243
mainly Tax, wage and social debts (-€24,418) and Receivables within one year (-€15,756)
- Reserves +€48,883
up €48,883 (+138%), from €35,520 to €84,402
- Tax, wage and social debts -€24,418
down €24,418 (-100%), from €24,418 to €0
of which Taxes: -€22,918
- Trade debts +€6,574
up €6,574 (+6,254%), from €105 to €6,679
- Gross operating margin +€8,090
up €8,090 (+14.9%), from €54,127 to €62,216
- Taxes -€6,666
down €6,666 (-36.4%), from €18,318 to €11,652
- Depreciation +€1,309
new in 2025: €1,309
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 | €61,043 | €92,082 | +€31,039 | +50.8% |
| Fixed assets | 21/28 | - | €11,168 | +€11,168 | |
| Tangible fixed assets | 22/27 | - | €11,168 | +€11,168 | |
| Plant, machinery and equipment | 23 | - | €3,202 | +€3,202 | |
| Furniture and vehicles | 24 | - | €7,966 | +€7,966 | |
| Current assets | 29/58 | €61,043 | €80,914 | +€19,871 | +32.6% |
| Amounts receivable within one year | 40/41 | €7,927 | €23,683 | +€15,756 | +199% |
| Trade receivables | 40 | €5,804 | €18,144 | +€12,340 | +213% |
| Other amounts receivable | 41 | €2,123 | €5,538 | +€3,415 | +161% |
| Current investments | 50/53 | - | €5,300 | +€5,300 | |
| Cash at bank and in hand | 54/58 | €52,816 | €51,243 | -€1,572 | -3.0% |
| Deferred charges and accrued income | 490/1 | €300 | €688 | +€388 | +129% |
| Total equity and liabilities | 10/49 | €61,043 | €92,082 | +€31,039 | +50.8% |
| Equity | 10/15 | €36,520 | €85,402 | +€48,883 | +134% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €35,520 | €84,402 | +€48,883 | +138% |
| Distributable reserves | 133 | €35,520 | €84,402 | +€48,883 | +138% |
| Amounts payable | 17/49 | €24,523 | €6,679 | -€17,844 | -72.8% |
| Amounts payable within one year | 42/48 | €24,523 | €6,679 | -€17,844 | -72.8% |
| Trade debts | 44 | €105 | €6,679 | +€6,574 | +6,254% |
| Suppliers | 440/4 | €105 | €6,679 | +€6,574 | +6,254% |
| Taxes, remuneration and social security | 45 | €24,418 | €0 | -€24,418 | -100% |
| Taxes | 450/3 | €22,918 | €0 | -€22,918 | -100% |
| Remuneration and social security | 454/9 | €1,500 | €0 | -€1,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,309 | +€1,309 | |
| Other operating charges | 640/8 | €286 | €520 | +€234 | +81.7% |
| Gross operating margin | 9900 | €54,127 | €62,216 | +€8,090 | +14.9% |
| Operating profit (loss) | 9901 | €53,841 | €60,388 | +€6,547 | +12.2% |
| Financial income | 75/76B | - | €217 | +€217 | |
| Recurring financial income | 75 | - | €217 | +€217 | |
| Financial charges | 65/66B | €3 | €71 | +€68 | +2,332% |
| Recurring financial charges | 65 | €3 | €71 | +€68 | +2,332% |
| Profit (loss) for the period before taxes | 9903 | €53,838 | €60,534 | +€6,696 | +12.4% |
| Income taxes | 67/77 | €18,318 | €11,652 | -€6,666 | -36.4% |
| Profit (loss) for the period | 9904 | €35,520 | €48,883 | +€13,363 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,520 | €48,883 | +€13,363 | +37.6% |
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 27 October 2026 via checked.be.