KINE OLSENE: 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 OLSENE
Largest movements
- Tangible fixed assets +€17,744
up €17,744 (+43.8%), from €40,548 to €58,292
of which Leasing and similar rights: +€12,016
- Receivables within one year -€4,256
down €4,256 (-22.9%), from €18,618 to €14,362
of which Trade receivables: -€2,256
- Deferred charges and accrued income +€2,997
up €2,997 (+623%), from €481 to €3,478
- Cash +€1,963
up €1,963 (+18.8%), from €10,444 to €12,407
mainly Net result for the year (+€25,617) and Depreciation (+€8,242)
- Reserves +€23,951
up €23,951 (+417%), from €5,743 to €29,694
- Other debts -€5,141
down €5,141 (-29.4%), from €17,488 to €12,346
- Trade debts -€4,465
down €4,465 (-95.4%), from €4,678 to €213
- Debts after one year +€3,122
up €3,122 (+13.7%), from €22,792 to €25,914
- Current portion of long-term debt +€2,291
up €2,291 (+45.8%), from €5,002 to €7,294
- Gross operating margin +€28,481
up €28,481 (+185%), from €15,401 to €43,883
- Taxes +€4,991
up €4,991 (+162%), from €3,088 to €8,078
- Depreciation +€4,398
up €4,398 (+114%), from €3,844 to €8,242
- Financial charges +€924
up €924 (+192%), from €481 to €1,405
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 | €70,091 | €88,539 | +€18,448 | +26.3% |
| Fixed assets | 21/28 | €40,548 | €58,292 | +€17,744 | +43.8% |
| Tangible fixed assets | 22/27 | €40,548 | €58,292 | +€17,744 | +43.8% |
| Land and buildings | 22 | €31,890 | €34,494 | +€2,604 | +8.2% |
| Plant, machinery and equipment | 23 | €8,658 | €6,738 | -€1,921 | -22.2% |
| Furniture and vehicles | 24 | - | €5,045 | +€5,045 | |
| Leasing and similar rights | 25 | - | €12,016 | +€12,016 | |
| Current assets | 29/58 | €29,543 | €30,247 | +€704 | +2.4% |
| Amounts receivable within one year | 40/41 | €18,618 | €14,362 | -€4,256 | -22.9% |
| Trade receivables | 40 | €16,618 | €14,362 | -€2,256 | -13.6% |
| Other amounts receivable | 41 | €2,000 | €0 | -€2,000 | -100% |
| Cash at bank and in hand | 54/58 | €10,444 | €12,407 | +€1,963 | +18.8% |
| Deferred charges and accrued income | 490/1 | €481 | €3,478 | +€2,997 | +623% |
| Total equity and liabilities | 10/49 | €70,091 | €88,539 | +€18,448 | +26.3% |
| Equity | 10/15 | €8,743 | €32,694 | +€23,951 | +274% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €5,743 | €29,694 | +€23,951 | +417% |
| Distributable reserves | 133 | €5,743 | €29,694 | +€23,951 | +417% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €61,348 | €55,845 | -€5,503 | -9.0% |
| Amounts payable after more than one year | 17 | €22,792 | €25,914 | +€3,122 | +13.7% |
| Financial debts | 170/4 | €22,792 | €25,914 | +€3,122 | +13.7% |
| Amounts payable within one year | 42/48 | €38,556 | €29,531 | -€9,024 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €5,002 | €7,294 | +€2,291 | +45.8% |
| Trade debts | 44 | €4,678 | €213 | -€4,465 | -95.4% |
| Suppliers | 440/4 | €4,678 | €213 | -€4,465 | -95.4% |
| Taxes, remuneration and social security | 45 | €11,388 | €9,678 | -€1,709 | -15.0% |
| Taxes | 450/3 | €3,388 | €6,378 | +€2,991 | +88.3% |
| Remuneration and social security | 454/9 | €8,000 | €3,300 | -€4,700 | -58.8% |
| Other amounts payable | 47/48 | €17,488 | €12,346 | -€5,141 | -29.4% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,844 | €8,242 | +€4,398 | +114% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €15,401 | €43,883 | +€28,481 | +185% |
| Operating profit (loss) | 9901 | €11,030 | €35,097 | +€24,068 | +218% |
| Financial income | 75/76B | €0 | €3 | +€3 | +25,000% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +25,000% |
| Financial charges | 65/66B | €481 | €1,405 | +€924 | +192% |
| Recurring financial charges | 65 | €481 | €1,405 | +€924 | +192% |
| Profit (loss) for the period before taxes | 9903 | €10,549 | €33,695 | +€23,146 | +219% |
| Income taxes | 67/77 | €3,088 | €8,078 | +€4,991 | +162% |
| Profit (loss) for the period | 9904 | €7,461 | €25,617 | +€18,156 | +243% |
| Profit (loss) for the period to be appropriated | 9905 | €7,461 | €25,617 | +€18,156 | +243% |
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.