KINE RENAISSANCE: 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 RENAISSANCE
Largest movements
- Cash +€25,366
up €25,366 (+65.7%), from €38,605 to €63,971
mainly Net result for the year (+€32,074) and Tax, wage and social debts (+€2,002)
- Tangible fixed assets +€7,860
new in 2025: €7,860
of which Plant, machinery and equipment: +€6,974
- Profit (loss) carried forward +€32,074
up €32,074 (+95.7%), from €33,500 to €65,574
- Tax, wage and social debts +€2,002
up €2,002 (+46.7%), from €4,285 to €6,286
of which Taxes: +€1,752
- Taxes +€2,467
up €2,467 (+26.6%), from €9,285 to €11,752
- Depreciation +€1,439
new in 2025: €1,439
- Gross operating margin +€698
up €698 (+1.5%), from €45,620 to €46,318
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 | €42,018 | €75,971 | +€33,953 | +80.8% |
| Fixed assets | 21/28 | €1,200 | €9,060 | +€7,860 | +655% |
| Tangible fixed assets | 22/27 | - | €7,860 | +€7,860 | |
| Plant, machinery and equipment | 23 | - | €6,974 | +€6,974 | |
| Furniture and vehicles | 24 | - | €886 | +€886 | |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €40,818 | €66,911 | +€26,093 | +63.9% |
| Cash at bank and in hand | 54/58 | €38,605 | €63,971 | +€25,366 | +65.7% |
| Deferred charges and accrued income | 490/1 | €2,214 | €2,940 | +€727 | +32.8% |
| Total equity and liabilities | 10/49 | €42,018 | €75,971 | +€33,953 | +80.8% |
| Equity | 10/15 | €36,500 | €68,574 | +€32,074 | +87.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,500 | €65,574 | +€32,074 | +95.7% |
| Amounts payable | 17/49 | €5,519 | €7,398 | +€1,879 | +34.0% |
| Amounts payable within one year | 42/48 | €5,519 | €7,398 | +€1,879 | +34.0% |
| Trade debts | 44 | €16 | €93 | +€77 | +471% |
| Suppliers | 440/4 | €16 | €93 | +€77 | +471% |
| Taxes, remuneration and social security | 45 | €4,285 | €6,286 | +€2,002 | +46.7% |
| Taxes | 450/3 | €3,285 | €5,036 | +€1,752 | +53.3% |
| Remuneration and social security | 454/9 | €1,000 | €1,250 | +€250 | +25.0% |
| Other amounts payable | 47/48 | €1,218 | €1,018 | -€200 | -16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,439 | +€1,439 | |
| Other operating charges | 640/8 | €452 | €270 | -€182 | -40.3% |
| Gross operating margin | 9900 | €45,620 | €46,318 | +€698 | +1.5% |
| Operating profit (loss) | 9901 | €45,168 | €44,609 | -€558 | -1.2% |
| Financial charges | 65/66B | €1,123 | €784 | -€340 | -30.3% |
| Recurring financial charges | 65 | €1,123 | €784 | -€340 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €44,044 | €43,826 | -€218 | -0.5% |
| Income taxes | 67/77 | €9,285 | €11,752 | +€2,467 | +26.6% |
| Profit (loss) for the period | 9904 | €34,760 | €32,074 | -€2,686 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,760 | €32,074 | -€2,686 | -7.7% |
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 24 October 2026 via checked.be.