KINE-RENT: what changed
What changed
KINE-RENT
NACE 47.741, Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
filed annual accounts (NBB)
Net result for the year
€43,034
2024 · €20,512+€22,522
Equity
€159,748
2024 · €137,388+€22,360
Cash
€143,826
2024 · €102,535+€41,291
Balance sheet total
€811,607
2024 · €703,966+€107,640
Largest movements
Assets
- Tangible fixed assets +€121,368
up €121,368 (+25.6%), from €473,604 to €594,972
of which Land and buildings: +€117,444
- Receivables within one year -€81,210
down €81,210 (-63.5%), from €127,828 to €46,617
of which Other amounts receivable: -€71,876
- Cash +€41,291
up €41,291 (+40.3%), from €102,535 to €143,826
mainly Depreciation (+€96,400) and Receivables within one year (+€81,210)
- Stocks and contracts +€26,191
new in 2025: €26,191
Equity and liabilities
- Debts after one year +€73,379
up €73,379 (+18.7%), from €391,610 to €464,989
- Short-term financial debts -€30,000
down €30,000 (-100%), from €30,000 to €0
- Reserves +€22,360
up €22,360 (+16.9%), from €132,261 to €154,620
of which Distributable reserves: +€22,360
- Other debts +€20,938
up €20,938 (+348%), from €6,025 to €26,964
- Current portion of long-term debt +€17,096
up €17,096 (+43.6%), from €39,224 to €56,320
Income statement
- Gross operating margin +€41,964
up €41,964 (+16.6%), from €253,302 to €295,266
- Depreciation +€22,083
up €22,083 (+29.7%), from €74,317 to €96,400
- Write-downs -€12,000
new in 2025: -€12,000
- Staff costs +€7,592
up €7,592 (+6.1%), from €124,368 to €131,960
- Financial charges +€6,229
up €6,229 (+38.2%), from €16,298 to €22,527
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.
Result 2024
€20,512
Gross operating margin
+€41,964
Staff costs
-€7,592
Depreciation
-€22,083
Write-downs
+€12,000
Other operating charges
+€4,957
Other operating items
+€134
Financial income
-€730
Financial charges
-€6,229
Taxes
+€101
Result 2025
€43,034
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€219,258
Investment
-€217,768
Financing
+€39,801
Cash 2024
€102,535
From operations (derived)
+€219,258
Net result for the year
+€43,034
Depreciation
+€96,400
Stocks and contracts
-€26,191
Receivables within one year
+€81,210
Trade debts
+€6,508
Tax, wage and social debts
-€2,641
Other debts
+€20,938
Investment (derived)
-€217,768
Investment in fixed assets (net)
-€217,768
Financing
+€39,801
Debts after one year
+€73,379
Current portion of long-term debt
+€17,096
Short-term financial debts
-€30,000
Contributions, distributions and other
-€20,674
Cash 2025
€143,826
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €703,966 | €811,607 | +€107,640 | +15.3% |
| Fixed assets | 21/28 | €473,604 | €594,972 | +€121,368 | +25.6% |
| Tangible fixed assets | 22/27 | €473,604 | €594,972 | +€121,368 | +25.6% |
| Land and buildings | 22 | €248,551 | €365,995 | +€117,444 | +47.3% |
| Plant, machinery and equipment | 23 | - | €1,216 | +€1,216 | |
| Furniture and vehicles | 24 | €19,194 | €48,940 | +€29,746 | +155% |
| Leasing and similar rights | 25 | €17,314 | €11,995 | -€5,319 | -30.7% |
| Other tangible fixed assets | 26 | €188,545 | €166,827 | -€21,718 | -11.5% |
| Current assets | 29/58 | €230,362 | €216,635 | -€13,728 | -6.0% |
| Stocks and contracts in progress | 3 | - | €26,191 | +€26,191 | |
| Stocks | 30/36 | - | €26,191 | +€26,191 | |
| Amounts receivable within one year | 40/41 | €127,828 | €46,617 | -€81,210 | -63.5% |
| Trade receivables | 40 | €55,388 | €46,054 | -€9,334 | -16.9% |
| Other amounts receivable | 41 | €72,439 | €563 | -€71,876 | -99.2% |
| Cash at bank and in hand | 54/58 | €102,535 | €143,826 | +€41,291 | +40.3% |
| Total equity and liabilities | 10/49 | €703,966 | €811,607 | +€107,640 | +15.3% |
| Equity | 10/15 | €137,388 | €159,748 | +€22,360 | +16.3% |
| Contributions | 10/11 | €5,127 | €5,127 | = | 0.0% |
| Reserves | 13 | €132,261 | €154,620 | +€22,360 | +16.9% |
| Non-distributable reserves | 130/1 | €513 | €513 | = | 0.0% |
| Reserves not available under the articles | 1311 | €513 | €513 | = | 0.0% |
| Distributable reserves | 133 | €131,748 | €154,108 | +€22,360 | +17.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €566,578 | €651,859 | +€85,281 | +15.1% |
| Amounts payable after more than one year | 17 | €391,610 | €464,989 | +€73,379 | +18.7% |
| Financial debts | 170/4 | €391,610 | €464,989 | +€73,379 | +18.7% |
| Amounts payable within one year | 42/48 | €174,968 | €186,870 | +€11,901 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €39,224 | €56,320 | +€17,096 | +43.6% |
| Financial debts | 43 | €30,000 | €0 | -€30,000 | -100% |
| Credit institutions | 430/8 | €30,000 | €0 | -€30,000 | -100% |
| Trade debts | 44 | €58,305 | €64,813 | +€6,508 | +11.2% |
| Suppliers | 440/4 | €58,305 | €64,813 | +€6,508 | +11.2% |
| Taxes, remuneration and social security | 45 | €41,414 | €38,773 | -€2,641 | -6.4% |
| Taxes | 450/3 | €26,976 | €15,077 | -€11,899 | -44.1% |
| Remuneration and social security | 454/9 | €14,438 | €23,696 | +€9,258 | +64.1% |
| Other amounts payable | 47/48 | €6,025 | €26,964 | +€20,938 | +348% |
| Non-recurring operating income | 76A | €421 | €0 | -€421 | -100% |
| Remuneration, social security and pensions | 62 | €124,368 | €131,960 | +€7,592 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,317 | €96,400 | +€22,083 | +29.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€12,000 | -€12,000 | |
| Other operating charges | 640/8 | €7,308 | €2,351 | -€4,957 | -67.8% |
| Non-recurring operating charges | 66A | €134 | €0 | -€134 | -100% |
| Gross operating margin | 9900 | €253,302 | €295,266 | +€41,964 | +16.6% |
| Operating profit (loss) | 9901 | €47,176 | €76,555 | +€29,380 | +62.3% |
| Financial income | 75/76B | €1,020 | €290 | -€730 | -71.6% |
| Recurring financial income | 75 | €1,020 | €290 | -€730 | -71.6% |
| Financial charges | 65/66B | €16,298 | €22,527 | +€6,229 | +38.2% |
| Recurring financial charges | 65 | €16,298 | €22,527 | +€6,229 | +38.2% |
| Profit (loss) for the period before taxes | 9903 | €31,897 | €54,318 | +€22,421 | +70.3% |
| Income taxes | 67/77 | €11,386 | €11,284 | -€101 | -0.9% |
| Profit (loss) for the period | 9904 | €20,512 | €43,034 | +€22,522 | +110% |
| Profit (loss) for the period to be appropriated | 9905 | €20,512 | €43,034 | +€22,522 | +110% |
Next steps
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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 8 November 2026 via checked.be.