Kiné Putzeys: 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.
Kiné Putzeys
Largest movements
- Cash +€4,037
up €4,037 (+93.3%), from €4,328 to €8,365
mainly Net result for the year (+€9,386) and Depreciation (+€281)
- Receivables within one year +€2,793
up €2,793 (+13.2%), from €21,227 to €24,020
of which Trade receivables: +€4,107
- Deferred charges and accrued income +€380
up €380 (+97.2%), from €391 to €772
- Profit (loss) carried forward +€8,527
up €8,527 (+40.6%), from €20,979 to €29,505
- Tax, wage and social debts -€1,688
down €1,688 (-92.9%), from €1,817 to €129
of which Remuneration and social security: -€1,817
- Gross operating margin +€7,339
up €7,339 (+148%), from €4,960 to €12,299
- Taxes +€1,606
up €1,606 (+137%), from €1,170 to €2,776
- Financial income -€162
down €162 (-34.4%), from €470 to €308
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 | €26,264 | €33,194 | +€6,930 | +26.4% |
| Fixed assets | 21/28 | €318 | €37 | -€281 | -88.4% |
| Tangible fixed assets | 22/27 | €318 | €37 | -€281 | -88.4% |
| Plant, machinery and equipment | 23 | €318 | €37 | -€281 | -88.4% |
| Current assets | 29/58 | €25,946 | €33,157 | +€7,211 | +27.8% |
| Amounts receivable within one year | 40/41 | €21,227 | €24,020 | +€2,793 | +13.2% |
| Trade receivables | 40 | €12,304 | €16,411 | +€4,107 | +33.4% |
| Other amounts receivable | 41 | €8,923 | €7,609 | -€1,314 | -14.7% |
| Cash at bank and in hand | 54/58 | €4,328 | €8,365 | +€4,037 | +93.3% |
| Deferred charges and accrued income | 490/1 | €391 | €772 | +€380 | +97.2% |
| Total equity and liabilities | 10/49 | €26,264 | €33,194 | +€6,930 | +26.4% |
| Equity | 10/15 | €23,979 | €32,505 | +€8,527 | +35.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,979 | €29,505 | +€8,527 | +40.6% |
| Amounts payable | 17/49 | €2,286 | €689 | -€1,597 | -69.9% |
| Amounts payable within one year | 42/48 | €2,286 | €689 | -€1,597 | -69.9% |
| Trade debts | 44 | €468 | €560 | +€92 | +19.6% |
| Suppliers | 440/4 | €468 | €560 | +€92 | +19.6% |
| Taxes, remuneration and social security | 45 | €1,817 | €129 | -€1,688 | -92.9% |
| Taxes | 450/3 | - | €129 | +€129 | |
| Remuneration and social security | 454/9 | €1,817 | - | -€1,817 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €281 | €281 | = | 0.0% |
| Other operating charges | 640/8 | €121 | €62 | -€59 | -48.8% |
| Gross operating margin | 9900 | €4,960 | €12,299 | +€7,339 | +148% |
| Operating profit (loss) | 9901 | €4,558 | €11,956 | +€7,398 | +162% |
| Financial income | 75/76B | €470 | €308 | -€162 | -34.4% |
| Recurring financial income | 75 | €470 | €308 | -€162 | -34.4% |
| Financial charges | 65/66B | €146 | €102 | -€44 | -29.9% |
| Recurring financial charges | 65 | €146 | €102 | -€44 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €4,882 | €12,162 | +€7,280 | +149% |
| Income taxes | 67/77 | €1,170 | €2,776 | +€1,606 | +137% |
| Profit (loss) for the period | 9904 | €3,712 | €9,386 | +€5,673 | +153% |
| Profit (loss) for the period to be appropriated | 9905 | €3,712 | €9,386 | +€5,673 | +153% |
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.