KINE-PLUS: 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-PLUS
Largest movements
- Tangible fixed assets -€31,268
down €31,268 (-4.9%), from €635,131 to €603,863
of which Land and buildings: -€28,112
- Receivables within one year +€12,310
up €12,310 (+9.4%), from €130,541 to €142,850
of which Other amounts receivable: +€12,310
- Debts after one year -€44,035
down €44,035 (-18.9%), from €232,955 to €188,920
- Reserves +€14,790
up €14,790 (+25.6%), from €57,790 to €72,580
of which Distributable reserves: +€49,840
- Gross operating margin +€11,104
up €11,104 (+22.2%), from €50,011 to €61,115
- Taxes +€2,610
up €2,610 (+55.9%), from €4,672 to €7,282
- Depreciation -€999
down €999 (-3.0%), from €33,749 to €32,749
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.
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 | €795,890 | €775,762 | -€20,127 | -2.5% |
| Fixed assets | 21/28 | €638,603 | €605,853 | -€32,749 | -5.1% |
| Intangible fixed assets | 21 | €3,471 | €1,990 | -€1,481 | -42.7% |
| Tangible fixed assets | 22/27 | €635,131 | €603,863 | -€31,268 | -4.9% |
| Land and buildings | 22 | €589,906 | €561,794 | -€28,112 | -4.8% |
| Plant, machinery and equipment | 23 | €3,197 | €1,158 | -€2,039 | -63.8% |
| Furniture and vehicles | 24 | €1,734 | €617 | -€1,118 | -64.5% |
| Other tangible fixed assets | 26 | €40,294 | €40,294 | = | 0.0% |
| Current assets | 29/58 | €157,287 | €169,909 | +€12,622 | +8.0% |
| Amounts receivable within one year | 40/41 | €130,541 | €142,850 | +€12,310 | +9.4% |
| Trade receivables | 40 | €7,562 | €7,562 | = | 0.0% |
| Other amounts receivable | 41 | €122,979 | €135,289 | +€12,310 | +10.0% |
| Cash at bank and in hand | 54/58 | €24,742 | €24,310 | -€432 | -1.7% |
| Deferred charges and accrued income | 490/1 | €2,004 | €2,749 | +€744 | +37.1% |
| Total equity and liabilities | 10/49 | €795,890 | €775,762 | -€20,127 | -2.5% |
| Equity | 10/15 | €479,863 | €494,655 | +€14,792 | +3.1% |
| Contributions | 10/11 | €350,500 | €350,500 | = | 0.0% |
| Reserves | 13 | €57,790 | €72,580 | +€14,790 | +25.6% |
| Non-distributable reserves | 130/1 | €35,050 | - | -€35,050 | |
| Reserves not available under the articles | 1311 | €35,050 | - | -€35,050 | |
| Distributable reserves | 133 | €22,740 | €72,580 | +€49,840 | +219.2% |
| Profit (loss) carried forward | 14 | €71,573 | €71,575 | +€2 | 0.0% |
| Amounts payable | 17/49 | €316,027 | €281,108 | -€34,919 | -11.0% |
| Amounts payable after more than one year | 17 | €232,955 | €188,920 | -€44,035 | -18.9% |
| Financial debts | 170/4 | €232,955 | €188,920 | -€44,035 | -18.9% |
| Amounts payable within one year | 42/48 | €58,692 | €64,385 | +€5,693 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €43,682 | €44,035 | +€353 | +0.8% |
| Trade debts | 44 | €7,495 | €9,778 | +€2,283 | +30.5% |
| Suppliers | 440/4 | €7,495 | €9,778 | +€2,283 | +30.5% |
| Taxes, remuneration and social security | 45 | €7,514 | €10,572 | +€3,058 | +40.7% |
| Taxes | 450/3 | €7,514 | €10,572 | +€3,058 | +40.7% |
| Accrued charges and deferred income | 492/3 | €24,380 | €27,803 | +€3,423 | +14.0% |
| Non-recurring operating income | 76A | €5,124 | - | -€5,124 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,749 | €32,749 | -€999 | -3.0% |
| Other operating charges | 640/8 | €1,885 | €2,305 | +€420 | +22.3% |
| Gross operating margin | 9900 | €50,011 | €61,115 | +€11,104 | +22.2% |
| Operating profit (loss) | 9901 | €14,377 | €26,061 | +€11,683 | +81.3% |
| Financial income | 75/76B | €13 | €22 | +€10 | +77.4% |
| Recurring financial income | 75 | €13 | €22 | +€10 | +77.4% |
| Financial charges | 65/66B | €4,575 | €4,009 | -€566 | -12.4% |
| Recurring financial charges | 65 | €4,575 | €4,009 | -€566 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €9,815 | €22,074 | +€12,259 | +124.9% |
| Income taxes | 67/77 | €4,672 | €7,282 | +€2,610 | +55.9% |
| Profit (loss) for the period | 9904 | €5,143 | €14,792 | +€9,649 | +187.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,143 | €14,792 | +€9,649 | +187.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.