KINE OLINE: 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 OLINE
Largest movements
- Tangible fixed assets +€70,989
up €70,989 (+89.3%), from €79,481 to €150,470
of which Land and buildings: +€100,000
- Receivables within one year +€51,306
up €51,306 (+31.3%), from €164,070 to €215,377
of which Trade receivables: +€51,306
- Cash +€21,903
up €21,903 (+24.7%), from €88,740 to €110,643
mainly Net result for the year (+€97,985) and Debts after one year (+€56,005)
- Reserves +€97,500
new in 2025: €97,500
- Debts after one year +€56,005
up €56,005 (+130%), from €43,210 to €99,215
- Trade debts -€51,448
down €51,448 (-45.9%), from €112,052 to €60,604
- Tax, wage and social debts +€25,347
up €25,347 (+287%), from €8,835 to €34,182
of which Taxes: +€30,972
- Other debts +€10,464
up €10,464 (+788%), from €1,327 to €11,792
- Gross operating margin +€124,363
up €124,363 (+167%), from €74,318 to €198,681
- Taxes +€39,460
up €39,460 (+836%), from €4,722 to €44,182
- Other operating charges +€12,147
up €12,147 (+421%), from €2,883 to €15,030
- Depreciation -€5,024
down €5,024 (-11.7%), from €42,773 to €37,749
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 | €334,434 | €477,710 | +€143,276 | +42.8% |
| Fixed assets | 21/28 | €81,623 | €151,432 | +€69,808 | +85.5% |
| Intangible fixed assets | 21 | €2,143 | €962 | -€1,181 | -55.1% |
| Tangible fixed assets | 22/27 | €79,481 | €150,470 | +€70,989 | +89.3% |
| Land and buildings | 22 | - | €100,000 | +€100,000 | |
| Plant, machinery and equipment | 23 | €8,607 | €5,430 | -€3,177 | -36.9% |
| Furniture and vehicles | 24 | €52,744 | €36,042 | -€16,702 | -31.7% |
| Other tangible fixed assets | 26 | €18,130 | €8,998 | -€9,131 | -50.4% |
| Current assets | 29/58 | €252,811 | €326,278 | +€73,468 | +29.1% |
| Amounts receivable within one year | 40/41 | €164,070 | €215,377 | +€51,306 | +31.3% |
| Trade receivables | 40 | €159,073 | €210,380 | +€51,306 | +32.3% |
| Other amounts receivable | 41 | €4,997 | €4,997 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €88,740 | €110,643 | +€21,903 | +24.7% |
| Deferred charges and accrued income | 490/1 | - | €259 | +€259 | |
| Total equity and liabilities | 10/49 | €334,434 | €477,710 | +€143,276 | +42.8% |
| Equity | 10/15 | €139,809 | €237,795 | +€97,985 | +70.1% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | - | €97,500 | +€97,500 | |
| Distributable reserves | 133 | - | €97,500 | +€97,500 | |
| Profit (loss) carried forward | 14 | €131,809 | €132,295 | +€485 | +0.4% |
| Amounts payable | 17/49 | €194,625 | €239,915 | +€45,291 | +23.3% |
| Amounts payable after more than one year | 17 | €43,210 | €99,215 | +€56,005 | +130% |
| Financial debts | 170/4 | €43,210 | €99,215 | +€56,005 | +130% |
| Amounts payable within one year | 42/48 | €151,415 | €140,700 | -€10,715 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €29,201 | €34,122 | +€4,921 | +16.9% |
| Trade debts | 44 | €112,052 | €60,604 | -€51,448 | -45.9% |
| Suppliers | 440/4 | €112,052 | €60,604 | -€51,448 | -45.9% |
| Taxes, remuneration and social security | 45 | €8,835 | €34,182 | +€25,347 | +287% |
| Taxes | 450/3 | €3,210 | €34,182 | +€30,972 | +965% |
| Remuneration and social security | 454/9 | €5,625 | - | -€5,625 | |
| Other amounts payable | 47/48 | €1,327 | €11,792 | +€10,464 | +788% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,773 | €37,749 | -€5,024 | -11.7% |
| Other operating charges | 640/8 | €2,883 | €15,030 | +€12,147 | +421% |
| Gross operating margin | 9900 | €74,318 | €198,681 | +€124,363 | +167% |
| Operating profit (loss) | 9901 | €28,662 | €145,902 | +€117,240 | +409% |
| Financial income | 75/76B | €168 | €36 | -€133 | -78.9% |
| Recurring financial income | 75 | €168 | €36 | -€133 | -78.9% |
| Financial charges | 65/66B | €2,151 | €3,770 | +€1,619 | +75.3% |
| Recurring financial charges | 65 | €2,151 | €3,770 | +€1,619 | +75.3% |
| Profit (loss) for the period before taxes | 9903 | €26,680 | €142,168 | +€115,488 | +433% |
| Income taxes | 67/77 | €4,722 | €44,182 | +€39,460 | +836% |
| Profit (loss) for the period | 9904 | €21,957 | €97,985 | +€76,028 | +346% |
| Profit (loss) for the period to be appropriated | 9905 | €21,957 | €97,985 | +€76,028 | +346% |
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 18 October 2026 via checked.be.