KINE SPORTHO: 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 SPORTHO
Largest movements
- Tangible fixed assets +€176,944
up €176,944 (+104%), from €169,440 to €346,385
of which Assets under construction and advance payments: +€190,938
- Cash -€97,557
down €97,557 (-35.2%), from €277,030 to €179,473
mainly Investment in fixed assets (net) (-€192,287) and Other debts (-€22,357)
- Reserves +€101,713
up €101,713 (+41.4%), from €245,584 to €347,297
- Other debts -€22,357
down €22,357 (-38.6%), from €57,850 to €35,493
- Tax, wage and social debts +€8,960
up €8,960 (+63.0%), from €14,220 to €23,179
- Debts after one year -€8,748
down €8,748 (-7.7%), from €112,983 to €104,235
- Gross operating margin +€25,097
up €25,097 (+15.8%), from €158,665 to €183,762
- Staff costs -€16,245
down €16,245 (-99.0%), from €16,401 to €156
- Taxes +€13,583
up €13,583 (+39.4%), from €34,518 to €48,101
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 | €453,032 | €528,588 | +€75,556 | +16.7% |
| Fixed assets | 21/28 | €175,274 | €347,218 | +€171,944 | +98.1% |
| Intangible fixed assets | 21 | €5,833 | €833 | -€5,000 | -85.7% |
| Tangible fixed assets | 22/27 | €169,440 | €346,385 | +€176,944 | +104% |
| Land and buildings | 22 | €111,126 | €101,187 | -€9,939 | -8.9% |
| Plant, machinery and equipment | 23 | €15,786 | €13,814 | -€1,972 | -12.5% |
| Furniture and vehicles | 24 | €6,235 | €4,153 | -€2,082 | -33.4% |
| Assets under construction and advance payments | 27 | €36,292 | €227,230 | +€190,938 | +526% |
| Current assets | 29/58 | €277,759 | €181,370 | -€96,388 | -34.7% |
| Amounts receivable within one year | 40/41 | €671 | €1,898 | +€1,227 | +183% |
| Trade receivables | 40 | €671 | - | -€671 | |
| Other amounts receivable | 41 | - | €1,898 | +€1,898 | |
| Cash at bank and in hand | 54/58 | €277,030 | €179,473 | -€97,557 | -35.2% |
| Deferred charges and accrued income | 490/1 | €58 | - | -€58 | |
| Total equity and liabilities | 10/49 | €453,032 | €528,588 | +€75,556 | +16.7% |
| Equity | 10/15 | €251,784 | €353,497 | +€101,713 | +40.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €245,584 | €347,297 | +€101,713 | +41.4% |
| Distributable reserves | 133 | €245,584 | €347,297 | +€101,713 | +41.4% |
| Amounts payable | 17/49 | €201,249 | €175,091 | -€26,157 | -13.0% |
| Amounts payable after more than one year | 17 | €112,983 | €104,235 | -€8,748 | -7.7% |
| Financial debts | 170/4 | €112,983 | €104,235 | -€8,748 | -7.7% |
| Amounts payable within one year | 42/48 | €87,366 | €69,057 | -€18,309 | -21.0% |
| Current portion of amounts payable after more than one year | 42 | €8,573 | €8,748 | +€175 | +2.0% |
| Trade debts | 44 | €6,722 | €1,636 | -€5,086 | -75.7% |
| Suppliers | 440/4 | €6,722 | €1,636 | -€5,086 | -75.7% |
| Taxes, remuneration and social security | 45 | €14,220 | €23,179 | +€8,960 | +63.0% |
| Taxes | 450/3 | €14,220 | €23,179 | +€8,960 | +63.0% |
| Other amounts payable | 47/48 | €57,850 | €35,493 | -€22,357 | -38.6% |
| Accrued charges and deferred income | 492/3 | €900 | €1,800 | +€900 | +100% |
| Remuneration, social security and pensions | 62 | €16,401 | €156 | -€16,245 | -99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,462 | €20,342 | +€880 | +4.5% |
| Other operating charges | 640/8 | €1,981 | €2,109 | +€128 | +6.5% |
| Gross operating margin | 9900 | €158,665 | €183,762 | +€25,097 | +15.8% |
| Operating profit (loss) | 9901 | €120,820 | €161,154 | +€40,334 | +33.4% |
| Financial income | 75/76B | €7 | €5 | -€2 | -22.9% |
| Recurring financial income | 75 | €7 | €5 | -€2 | -22.9% |
| Financial charges | 65/66B | €2,733 | €2,683 | -€51 | -1.9% |
| Recurring financial charges | 65 | €2,733 | €2,683 | -€51 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €118,094 | €158,477 | +€40,383 | +34.2% |
| Income taxes | 67/77 | €34,518 | €48,101 | +€13,583 | +39.4% |
| Profit (loss) for the period | 9904 | €83,576 | €110,376 | +€26,800 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €83,576 | €110,376 | +€26,800 | +32.1% |
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 26 October 2026 via checked.be.