KINE PIET: what changed
Two fiscal 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 PIET
Largest movements
- Receivables within one year -€5,923
down €5,923 (-100.0%), from €5,923 to €0
- Cash +€5,496
up €5,496 (+17.6%), from €31,293 to €36,790
mainly Other debts (+€16,696) and Net result for the year (+€7,321)
- Deferred charges and accrued income -€576
down €576 (-33.4%), from €1,727 to €1,151
- Tangible fixed assets -€567
down €567 (-20.4%), from €2,782 to €2,215
of which Furniture and vehicles: -€722
- Reserves -€19,939
down €19,939 (-73.1%), from €27,289 to €7,350
- Other debts +€16,696
up €16,696 (+214.1%), from €7,799 to €24,495
- Tax, wage and social debts +€1,066
up €1,066 (+67.4%), from €1,581 to €2,647
- Trade debts +€655
up €655 (+8201.0%), from €8 to €663
- Gross operating margin +€9,920
up €9,920 (+276.4%), from €3,589 to €13,510
- Taxes +€1,944
up €1,944 (+175.8%), from €1,106 to €3,050
- Financial charges +€581
up €581 (+429.2%), from €135 to €716
- Staff costs -€250
no longer reported in 2025 (was €250)
- Other operating charges +€207
up €207 (+46.2%), from €449 to €657
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.
Cash bridge derived
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 | €41,725 | €40,155 | -€1,570 | -3.8% |
| Fixed assets | 21/28 | €2,782 | €2,215 | -€567 | -20.4% |
| Tangible fixed assets | 22/27 | €2,782 | €2,215 | -€567 | -20.4% |
| Plant, machinery and equipment | 23 | €1,091 | €1,246 | +€155 | +14.2% |
| Furniture and vehicles | 24 | €1,691 | €969 | -€722 | -42.7% |
| Current assets | 29/58 | €38,943 | €37,940 | -€1,003 | -2.6% |
| Amounts receivable within one year | 40/41 | €5,923 | €0 | -€5,923 | -100.0% |
| Trade receivables | 40 | €5,923 | €0 | -€5,923 | -100.0% |
| Cash at bank and in hand | 54/58 | €31,293 | €36,790 | +€5,496 | +17.6% |
| Deferred charges and accrued income | 490/1 | €1,727 | €1,151 | -€576 | -33.4% |
| Total equity and liabilities | 10/49 | €41,725 | €40,155 | -€1,570 | -3.8% |
| Equity | 10/15 | €32,318 | €12,350 | -€19,968 | -61.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €27,289 | €7,350 | -€19,939 | -73.1% |
| Distributable reserves | 133 | €27,289 | €7,350 | -€19,939 | -73.1% |
| Profit (loss) carried forward | 14 | €30 | €0 | -€30 | -100.0% |
| Amounts payable | 17/49 | €9,407 | €27,805 | +€18,398 | +195.6% |
| Amounts payable within one year | 42/48 | €9,407 | €27,805 | +€18,398 | +195.6% |
| Financial debts | 43 | €19 | €0 | -€19 | -100.0% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €19 | €0 | -€19 | -100.0% |
| Trade debts | 44 | €8 | €663 | +€655 | +8201.0% |
| Suppliers | 440/4 | €8 | €663 | +€655 | +8201.0% |
| Taxes, remuneration and social security | 45 | €1,581 | €2,647 | +€1,066 | +67.4% |
| Taxes | 450/3 | €1,581 | €2,647 | +€1,066 | +67.4% |
| Other amounts payable | 47/48 | €7,799 | €24,495 | +€16,696 | +214.1% |
| Remuneration, social security and pensions | 62 | €250 | - | -€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,619 | €1,766 | +€147 | +9.1% |
| Other operating charges | 640/8 | €449 | €657 | +€207 | +46.2% |
| Gross operating margin | 9900 | €3,589 | €13,510 | +€9,920 | +276.4% |
| Operating profit (loss) | 9901 | €1,271 | €11,087 | +€9,816 | +772.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €135 | €716 | +€581 | +429.2% |
| Recurring financial charges | 65 | €135 | €716 | +€581 | +429.2% |
| Profit (loss) for the period before taxes | 9903 | €1,135 | €10,371 | +€9,235 | +813.4% |
| Income taxes | 67/77 | €1,106 | €3,050 | +€1,944 | +175.8% |
| Profit (loss) for the period | 9904 | €30 | €7,321 | +€7,291 | +24674.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30 | €7,321 | +€7,291 | +24674.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.