Kine Rassel: what changed
Kine Rassel
Largest movements
- Cash +€28,075
up €28,075 (+88.3%), from €31,812 to €59,887
mainly Net result for the year (+€32,318) and Deferred charges and accrued income (+€14,725)
- Deferred charges and accrued income -€14,725
down €14,725 (-72.2%), from €20,394 to €5,669
- Reserves +€32,318
up €32,318 (+88.3%), from €36,594 to €68,912
- Other debts -€22,296
down €22,296 (-86.8%), from €25,701 to €3,405
- Accrued charges and deferred income +€3,065
up €3,065 (+45.6%), from €6,722 to €9,787
- Gross operating margin -€5,924
down €5,924 (-11.3%), from €52,442 to €46,518
- Taxes -€892
down €892 (-9.6%), from €9,263 to €8,371
- Other operating charges -€685
down €685 (-51.0%), from €1,343 to €659
- Financial charges -€584
down €584 (-29.7%), from €1,964 to €1,380
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,306 | €85,299 | +€12,993 | +18.0% |
| Fixed assets | 21/28 | €13,864 | €13,506 | -€358 | -2.6% |
| Tangible fixed assets | 22/27 | €13,864 | €13,506 | -€358 | -2.6% |
| Land and buildings | 22 | - | €3,261 | +€3,261 | |
| Furniture and vehicles | 24 | €6,632 | €4,203 | -€2,429 | -36.6% |
| Other tangible fixed assets | 26 | €7,232 | €6,042 | -€1,190 | -16.5% |
| Current assets | 29/58 | €58,443 | €71,793 | +€13,350 | +22.8% |
| Amounts receivable within one year | 40/41 | €6,237 | €6,237 | = | 0.0% |
| Other amounts receivable | 41 | €6,237 | €6,237 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €31,812 | €59,887 | +€28,075 | +88.3% |
| Deferred charges and accrued income | 490/1 | €20,394 | €5,669 | -€14,725 | -72.2% |
| Total equity and liabilities | 10/49 | €72,306 | €85,299 | +€12,993 | +18.0% |
| Equity | 10/15 | €37,594 | €69,912 | +€32,318 | +86.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €36,594 | €68,912 | +€32,318 | +88.3% |
| Distributable reserves | 133 | €36,594 | €68,912 | +€32,318 | +88.3% |
| Amounts payable | 17/49 | €34,712 | €15,387 | -€19,326 | -55.7% |
| Amounts payable within one year | 42/48 | €27,990 | €5,600 | -€22,391 | -80.0% |
| Trade debts | 44 | €484 | €18 | -€466 | -96.3% |
| Suppliers | 440/4 | €484 | €18 | -€466 | -96.3% |
| Taxes, remuneration and social security | 45 | €1,805 | €2,177 | +€372 | +20.6% |
| Taxes | 450/3 | €1,805 | €2,177 | +€372 | +20.6% |
| Other amounts payable | 47/48 | €25,701 | €3,405 | -€22,296 | -86.8% |
| Accrued charges and deferred income | 492/3 | €6,722 | €9,787 | +€3,065 | +45.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,277 | €3,790 | +€513 | +15.6% |
| Other operating charges | 640/8 | €1,343 | €659 | -€685 | -51.0% |
| Gross operating margin | 9900 | €52,442 | €46,518 | -€5,924 | -11.3% |
| Operating profit (loss) | 9901 | €47,821 | €42,070 | -€5,752 | -12.0% |
| Financial charges | 65/66B | €1,964 | €1,380 | -€584 | -29.7% |
| Recurring financial charges | 65 | €1,964 | €1,380 | -€584 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €45,857 | €40,689 | -€5,168 | -11.3% |
| Income taxes | 67/77 | €9,263 | €8,371 | -€892 | -9.6% |
| Profit (loss) for the period | 9904 | €36,594 | €32,318 | -€4,275 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,594 | €32,318 | -€4,275 | -11.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.