KINE PEELMAN BERT: 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 PEELMAN BERT
Largest movements
- Cash -€24,758
down €24,758 (-60.0%), from €41,295 to €16,537
mainly Contributions, distributions and other (-€270,000) and Investment in fixed assets (net) (-€24,514)
- Tangible fixed assets -€9,212
down €9,212 (-1.4%), from €664,567 to €655,356
of which Land and buildings: -€20,308
- Receivables within one year -€8,812
down €8,812 (-10.3%), from €85,628 to €76,816
of which Other amounts receivable: -€14,704
- Profit (loss) carried forward -€270,000
down €270,000 (-91.9%), from €293,871 to €23,871
- Other debts +€150,384
up €150,384 (+1,017%), from €14,789 to €165,173
- Reserves +€89,368
up €89,368 (+4,468%), from €2,000 to €91,368
of which Distributable reserves: +€89,368
- Debts after one year -€22,485
down €22,485 (-5.7%), from €397,023 to €374,538
- Gross operating margin +€11,499
up €11,499 (+7.9%), from €144,719 to €156,218
- Taxes +€1,816
up €1,816 (+8.4%), from €21,712 to €23,528
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 | €791,491 | €748,708 | -€42,783 | -5.4% |
| Fixed assets | 21/28 | €664,567 | €655,356 | -€9,212 | -1.4% |
| Tangible fixed assets | 22/27 | €664,567 | €655,356 | -€9,212 | -1.4% |
| Land and buildings | 22 | €645,158 | €624,850 | -€20,308 | -3.1% |
| Plant, machinery and equipment | 23 | €18,692 | €12,171 | -€6,522 | -34.9% |
| Furniture and vehicles | 24 | €717 | €18,334 | +€17,618 | +2,459% |
| Current assets | 29/58 | €126,924 | €93,353 | -€33,571 | -26.4% |
| Amounts receivable within one year | 40/41 | €85,628 | €76,816 | -€8,812 | -10.3% |
| Trade receivables | 40 | €69,601 | €75,493 | +€5,892 | +8.5% |
| Other amounts receivable | 41 | €16,027 | €1,323 | -€14,704 | -91.7% |
| Cash at bank and in hand | 54/58 | €41,295 | €16,537 | -€24,758 | -60.0% |
| Total equity and liabilities | 10/49 | €791,491 | €748,708 | -€42,783 | -5.4% |
| Equity | 10/15 | €315,871 | €135,239 | -€180,632 | -57.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €91,368 | +€89,368 | +4,468% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | - | €89,368 | +€89,368 | |
| Profit (loss) carried forward | 14 | €293,871 | €23,871 | -€270,000 | -91.9% |
| Amounts payable | 17/49 | €475,620 | €613,469 | +€137,849 | +29.0% |
| Amounts payable after more than one year | 17 | €397,023 | €374,538 | -€22,485 | -5.7% |
| Financial debts | 170/4 | €397,023 | €374,538 | -€22,485 | -5.7% |
| Amounts payable within one year | 42/48 | €45,420 | €198,792 | +€153,372 | +338% |
| Current portion of amounts payable after more than one year | 42 | €22,112 | €22,485 | +€373 | +1.7% |
| Trade debts | 44 | €822 | €1,044 | +€222 | +26.9% |
| Suppliers | 440/4 | €822 | €1,044 | +€222 | +26.9% |
| Taxes, remuneration and social security | 45 | €7,697 | €10,090 | +€2,393 | +31.1% |
| Taxes | 450/3 | €7,697 | €10,090 | +€2,393 | +31.1% |
| Other amounts payable | 47/48 | €14,789 | €165,173 | +€150,384 | +1,017% |
| Accrued charges and deferred income | 492/3 | €33,176 | €40,139 | +€6,963 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,035 | €33,726 | -€309 | -0.9% |
| Other operating charges | 640/8 | €2,371 | €2,087 | -€284 | -12.0% |
| Gross operating margin | 9900 | €144,719 | €156,218 | +€11,499 | +7.9% |
| Operating profit (loss) | 9901 | €108,314 | €120,406 | +€12,092 | +11.2% |
| Financial income | 75/76B | €466 | €164 | -€302 | -64.9% |
| Recurring financial income | 75 | €466 | €164 | -€302 | -64.9% |
| Financial charges | 65/66B | €7,887 | €7,673 | -€214 | -2.7% |
| Recurring financial charges | 65 | €7,887 | €7,673 | -€214 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €100,892 | €112,896 | +€12,004 | +11.9% |
| Income taxes | 67/77 | €21,712 | €23,528 | +€1,816 | +8.4% |
| Profit (loss) for the period | 9904 | €79,180 | €89,368 | +€10,188 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €79,180 | €89,368 | +€10,188 | +12.9% |
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 29 October 2026 via checked.be.