KINE PEETERS: 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 PEETERS
Largest movements
- Cash +€8,704
up €8,704 (+26.4%), from €32,969 to €41,674
mainly Net result for the year (+€19,741) and Depreciation (+€10,762)
- Tangible fixed assets -€8,431
down €8,431 (-2.9%), from €286,342 to €277,911
of which Land and buildings: -€7,742
- Debts after one year -€25,070
down €25,070 (-12.5%), from €200,362 to €175,292
- Reserves +€18,000
up €18,000 (+29.0%), from €62,000 to €80,000
- Gross operating margin +€6,069
up €6,069 (+13.8%), from €43,944 to €50,013
- Taxes +€2,604
up €2,604 (+32.4%), from €8,046 to €10,650
- Financial charges -€889
down €889 (-10.2%), from €8,728 to €7,840
- Depreciation -€672
down €672 (-5.9%), from €11,434 to €10,762
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 | €327,948 | €325,948 | -€2,000 | -0.6% |
| Fixed assets | 21/28 | €286,342 | €277,911 | -€8,431 | -2.9% |
| Tangible fixed assets | 22/27 | €286,342 | €277,911 | -€8,431 | -2.9% |
| Land and buildings | 22 | €282,531 | €274,788 | -€7,742 | -2.7% |
| Plant, machinery and equipment | 23 | €1,900 | €1,570 | -€330 | -17.4% |
| Furniture and vehicles | 24 | €1,912 | €1,553 | -€359 | -18.8% |
| Current assets | 29/58 | €41,606 | €48,037 | +€6,431 | +15.5% |
| Amounts receivable within one year | 40/41 | €1,604 | €278 | -€1,326 | -82.7% |
| Trade receivables | 40 | €1,547 | €188 | -€1,359 | -87.9% |
| Other amounts receivable | 41 | €58 | €90 | +€33 | +57.0% |
| Cash at bank and in hand | 54/58 | €32,969 | €41,674 | +€8,704 | +26.4% |
| Deferred charges and accrued income | 490/1 | €7,033 | €6,085 | -€947 | -13.5% |
| Total equity and liabilities | 10/49 | €327,948 | €325,948 | -€2,000 | -0.6% |
| Equity | 10/15 | €75,098 | €93,174 | +€18,075 | +24.1% |
| Contributions | 10/11 | €12,872 | €12,872 | = | 0.0% |
| Reserves | 13 | €62,000 | €80,000 | +€18,000 | +29.0% |
| Distributable reserves | 133 | €62,000 | €80,000 | +€18,000 | +29.0% |
| Profit (loss) carried forward | 14 | €226 | €302 | +€75 | +33.2% |
| Amounts payable | 17/49 | €252,850 | €232,775 | -€20,075 | -7.9% |
| Amounts payable after more than one year | 17 | €200,362 | €175,292 | -€25,070 | -12.5% |
| Financial debts | 170/4 | €200,362 | €175,292 | -€25,070 | -12.5% |
| Amounts payable within one year | 42/48 | €52,366 | €57,366 | +€5,000 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €24,184 | €25,070 | +€886 | +3.7% |
| Trade debts | 44 | €16,814 | €19,467 | +€2,653 | +15.8% |
| Suppliers | 440/4 | €16,814 | €19,467 | +€2,653 | +15.8% |
| Taxes, remuneration and social security | 45 | €9,702 | €11,163 | +€1,461 | +15.1% |
| Taxes | 450/3 | €8,202 | €9,660 | +€1,458 | +17.8% |
| Remuneration and social security | 454/9 | €1,500 | €1,503 | +€3 | +0.2% |
| Other amounts payable | 47/48 | €1,666 | €1,666 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €122 | €117 | -€5 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,434 | €10,762 | -€672 | -5.9% |
| Other operating charges | 640/8 | €1,221 | €1,080 | -€141 | -11.5% |
| Gross operating margin | 9900 | €43,944 | €50,013 | +€6,069 | +13.8% |
| Operating profit (loss) | 9901 | €31,289 | €38,171 | +€6,882 | +22.0% |
| Financial income | 75/76B | €117 | €60 | -€57 | -48.5% |
| Recurring financial income | 75 | €117 | €60 | -€57 | -48.5% |
| Financial charges | 65/66B | €8,728 | €7,840 | -€889 | -10.2% |
| Recurring financial charges | 65 | €8,728 | €7,840 | -€889 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €22,678 | €30,391 | +€7,714 | +34.0% |
| Income taxes | 67/77 | €8,046 | €10,650 | +€2,604 | +32.4% |
| Profit (loss) for the period | 9904 | €14,632 | €19,741 | +€5,109 | +34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,632 | €19,741 | +€5,109 | +34.9% |
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 30 October 2026 via checked.be.