KINE RC: 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 RC
Largest movements
- Cash +€40,295
up €40,295 (+83.1%), from €48,511 to €88,807
mainly Net result for the year (+€43,054) and Depreciation (+€8,320)
- Tangible fixed assets -€8,320
down €8,320 (-28.7%), from €29,017 to €20,697
- Receivables within one year +€1,314
up €1,314 (+18.4%), from €7,147 to €8,461
of which Trade receivables: +€855
- Reserves +€43,054
up €43,054 (+90.6%), from €47,532 to €90,586
- Debts after one year -€8,473
down €8,473 (-38.8%), from €21,830 to €13,357
- Other debts -€1,352
no longer reported in 2025 (was €1,352)
- Gross operating margin +€19,517
up €19,517 (+43.4%), from €44,979 to €64,497
- Taxes +€3,904
up €3,904 (+51.4%), from €7,596 to €11,500
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 | €85,623 | €118,897 | +€33,274 | +38.9% |
| Fixed assets | 21/28 | €29,017 | €20,697 | -€8,320 | -28.7% |
| Tangible fixed assets | 22/27 | €29,017 | €20,697 | -€8,320 | -28.7% |
| Furniture and vehicles | 24 | €29,017 | €20,697 | -€8,320 | -28.7% |
| Current assets | 29/58 | €56,605 | €98,200 | +€41,594 | +73.5% |
| Amounts receivable within one year | 40/41 | €7,147 | €8,461 | +€1,314 | +18.4% |
| Trade receivables | 40 | €7,147 | €8,002 | +€855 | +12.0% |
| Other amounts receivable | 41 | - | €459 | +€459 | |
| Cash at bank and in hand | 54/58 | €48,511 | €88,807 | +€40,295 | +83.1% |
| Deferred charges and accrued income | 490/1 | €947 | €932 | -€15 | -1.5% |
| Total equity and liabilities | 10/49 | €85,623 | €118,897 | +€33,274 | +38.9% |
| Equity | 10/15 | €51,032 | €94,086 | +€43,054 | +84.4% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €47,532 | €90,586 | +€43,054 | +90.6% |
| Distributable reserves | 133 | €47,532 | €90,586 | +€43,054 | +90.6% |
| Amounts payable | 17/49 | €34,591 | €24,812 | -€9,779 | -28.3% |
| Amounts payable after more than one year | 17 | €21,830 | €13,357 | -€8,473 | -38.8% |
| Financial debts | 170/4 | €21,830 | €13,357 | -€8,473 | -38.8% |
| Amounts payable within one year | 42/48 | €12,761 | €11,455 | -€1,306 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €8,808 | €9,164 | +€356 | +4.0% |
| Trade debts | 44 | €243 | €403 | +€160 | +66.0% |
| Suppliers | 440/4 | €243 | €403 | +€160 | +66.0% |
| Taxes, remuneration and social security | 45 | €2,358 | €1,888 | -€471 | -20.0% |
| Taxes | 450/3 | €1,108 | €638 | -€471 | -42.5% |
| Remuneration and social security | 454/9 | €1,250 | €1,250 | = | 0.0% |
| Other amounts payable | 47/48 | €1,352 | - | -€1,352 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,320 | €8,320 | = | 0.0% |
| Other operating charges | 640/8 | €424 | €346 | -€78 | -18.4% |
| Gross operating margin | 9900 | €44,979 | €64,497 | +€19,517 | +43.4% |
| Operating profit (loss) | 9901 | €36,235 | €55,831 | +€19,595 | +54.1% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €1,552 | €1,281 | -€271 | -17.5% |
| Recurring financial charges | 65 | €1,552 | €1,281 | -€271 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €34,683 | €54,553 | +€19,870 | +57.3% |
| Income taxes | 67/77 | €7,596 | €11,500 | +€3,904 | +51.4% |
| Profit (loss) for the period | 9904 | €27,088 | €43,054 | +€15,966 | +58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,088 | €43,054 | +€15,966 | +58.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.