KINE ROUX: 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 ROUX
Largest movements
- Cash +€25,167
up €25,167 (+24.7%), from €102,042 to €127,209
mainly Net result for the year (+€58,742) and Depreciation (+€21,192)
- Receivables within one year +€25,000
new in 2025: €25,000
- Tangible fixed assets -€6,080
down €6,080 (-10.7%), from €56,683 to €50,604
of which Land and buildings: -€5,807
- Reserves +€58,700
up €58,700 (+113%), from €51,759 to €110,459
of which Distributable reserves: +€58,700
- Other debts -€17,026
down €17,026 (-96.3%), from €17,688 to €662
- Trade debts +€15,912
up €15,912 (+765%), from €2,079 to €17,990
- Debts after one year -€12,320
down €12,320 (-58.9%), from €20,928 to €8,608
- Financial income +€28,021
up €28,021 (+86,325%), from €32 to €28,054
of which Non-recurring financial income: +€27,968
- Depreciation -€10,849
down €10,849 (-33.9%), from €32,042 to €21,192
- Taxes +€9,709
up €9,709 (+81.5%), from €11,908 to €21,617
- Gross operating margin +€5,959
up €5,959 (+6.3%), from €94,778 to €100,737
- Staff costs -€1,460
down €1,460 (-5.7%), from €25,753 to €24,293
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 | €159,500 | €203,660 | +€44,160 | +27.7% |
| Fixed assets | 21/28 | €56,683 | €50,604 | -€6,080 | -10.7% |
| Tangible fixed assets | 22/27 | €56,683 | €50,604 | -€6,080 | -10.7% |
| Land and buildings | 22 | €23,743 | €17,936 | -€5,807 | -24.5% |
| Plant, machinery and equipment | 23 | €13,909 | €17,987 | +€4,077 | +29.3% |
| Furniture and vehicles | 24 | €19,031 | €14,681 | -€4,350 | -22.9% |
| Current assets | 29/58 | €102,817 | €153,057 | +€50,240 | +48.9% |
| Amounts receivable within one year | 40/41 | - | €25,000 | +€25,000 | |
| Trade receivables | 40 | - | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €102,042 | €127,209 | +€25,167 | +24.7% |
| Deferred charges and accrued income | 490/1 | €775 | €848 | +€73 | +9.4% |
| Total equity and liabilities | 10/49 | €159,500 | €203,660 | +€44,160 | +27.7% |
| Equity | 10/15 | €91,721 | €150,464 | +€58,742 | +64.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €51,759 | €110,459 | +€58,700 | +113% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €49,900 | €108,600 | +€58,700 | +118% |
| Profit (loss) carried forward | 14 | €21,370 | €21,412 | +€42 | +0.2% |
| Amounts payable | 17/49 | €67,779 | €53,197 | -€14,582 | -21.5% |
| Amounts payable after more than one year | 17 | €20,928 | €8,608 | -€12,320 | -58.9% |
| Financial debts | 170/4 | €20,928 | €8,608 | -€12,320 | -58.9% |
| Amounts payable within one year | 42/48 | €46,851 | €44,589 | -€2,263 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €12,864 | €12,320 | -€544 | -4.2% |
| Trade debts | 44 | €2,079 | €17,990 | +€15,912 | +765% |
| Suppliers | 440/4 | €2,079 | €17,990 | +€15,912 | +765% |
| Taxes, remuneration and social security | 45 | €14,221 | €13,617 | -€604 | -4.2% |
| Taxes | 450/3 | €14,221 | €13,617 | -€604 | -4.2% |
| Other amounts payable | 47/48 | €17,688 | €662 | -€17,026 | -96.3% |
| Remuneration, social security and pensions | 62 | €25,753 | €24,293 | -€1,460 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,042 | €21,192 | -€10,849 | -33.9% |
| Other operating charges | 640/8 | €1,905 | €1,556 | -€349 | -18.3% |
| Gross operating margin | 9900 | €94,778 | €100,737 | +€5,959 | +6.3% |
| Operating profit (loss) | 9901 | €35,078 | €53,697 | +€18,618 | +53.1% |
| Financial income | 75/76B | €32 | €28,054 | +€28,021 | +86,325% |
| Recurring financial income | 75 | €0 | €54 | +€54 | +107,280% |
| Non-recurring financial income | 76B | €32 | €28,000 | +€27,968 | +86,293% |
| Financial charges | 65/66B | €1,657 | €1,391 | -€266 | -16.1% |
| Recurring financial charges | 65 | €1,657 | €1,391 | -€266 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €33,454 | €80,359 | +€46,906 | +140% |
| Income taxes | 67/77 | €11,908 | €21,617 | +€9,709 | +81.5% |
| Profit (loss) for the period | 9904 | €21,545 | €58,742 | +€37,197 | +173% |
| Profit (loss) for the period to be appropriated | 9905 | €21,545 | €58,742 | +€37,197 | +173% |
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 20 October 2026 via checked.be.