Kine Stevens: 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 Stevens
Largest movements
- Receivables within one year +€17,705
up €17,705 (+26.2%), from €67,595 to €85,300
of which Trade receivables: +€52,705
- Tangible fixed assets -€9,594
down €9,594 (-26.7%), from €35,933 to €26,339
of which Furniture and vehicles: -€8,670
- Cash -€5,198
down €5,198 (-20.0%), from €26,013 to €20,815
mainly Other debts (-€22,743) and Receivables within one year (-€17,705)
- Deferred charges and accrued income -€5,086
down €5,086 (-67.1%), from €7,584 to €2,498
- Reserves +€34,596
up €34,596 (+36.0%), from €96,080 to €130,676
of which Distributable reserves: +€34,596
- Other debts -€22,743
down €22,743 (-96.0%), from €23,681 to €939
- Debts after one year -€12,210
down €12,210 (-66.5%), from €18,368 to €6,158
- Tax, wage and social debts -€2,271
down €2,271 (-34.0%), from €6,674 to €4,403
- Gross operating margin +€35,253
up €35,253 (+113%), from €31,062 to €66,315
- Taxes +€9,180
up €9,180 (+176%), from €5,223 to €14,403
- Depreciation +€958
up €958 (+6.5%), from €14,709 to €15,667
- Financial charges -€773
down €773 (-61.3%), from €1,262 to €489
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 | €187,625 | €185,453 | -€2,173 | -1.2% |
| Fixed assets | 21/28 | €86,433 | €76,839 | -€9,594 | -11.1% |
| Tangible fixed assets | 22/27 | €35,933 | €26,339 | -€9,594 | -26.7% |
| Plant, machinery and equipment | 23 | €846 | €401 | -€445 | -52.6% |
| Furniture and vehicles | 24 | €33,837 | €25,167 | -€8,670 | -25.6% |
| Other tangible fixed assets | 26 | €1,250 | €771 | -€480 | -38.4% |
| Financial fixed assets | 28 | €50,500 | €50,500 | = | 0.0% |
| Current assets | 29/58 | €101,192 | €108,614 | +€7,422 | +7.3% |
| Amounts receivable within one year | 40/41 | €67,595 | €85,300 | +€17,705 | +26.2% |
| Trade receivables | 40 | €30,095 | €82,800 | +€52,705 | +175% |
| Other amounts receivable | 41 | €37,500 | €2,500 | -€35,000 | -93.3% |
| Cash at bank and in hand | 54/58 | €26,013 | €20,815 | -€5,198 | -20.0% |
| Deferred charges and accrued income | 490/1 | €7,584 | €2,498 | -€5,086 | -67.1% |
| Total equity and liabilities | 10/49 | €187,625 | €185,453 | -€2,173 | -1.2% |
| Equity | 10/15 | €126,399 | €160,995 | +€34,596 | +27.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €96,080 | €130,676 | +€34,596 | +36.0% |
| Non-distributable reserves | 130/1 | €1,934 | €1,934 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,934 | €1,934 | = | 0.0% |
| Distributable reserves | 133 | €94,146 | €128,742 | +€34,596 | +36.7% |
| Profit (loss) carried forward | 14 | €10,319 | €10,319 | = | 0.0% |
| Amounts payable | 17/49 | €61,226 | €24,458 | -€36,768 | -60.1% |
| Amounts payable after more than one year | 17 | €18,368 | €6,158 | -€12,210 | -66.5% |
| Financial debts | 170/4 | €18,368 | €6,158 | -€12,210 | -66.5% |
| Amounts payable within one year | 42/48 | €42,858 | €18,300 | -€24,559 | -57.3% |
| Current portion of amounts payable after more than one year | 42 | €12,068 | €12,210 | +€141 | +1.2% |
| Trade debts | 44 | €435 | €749 | +€314 | +72.3% |
| Suppliers | 440/4 | €435 | €749 | +€314 | +72.3% |
| Taxes, remuneration and social security | 45 | €6,674 | €4,403 | -€2,271 | -34.0% |
| Taxes | 450/3 | €6,674 | €4,403 | -€2,271 | -34.0% |
| Other amounts payable | 47/48 | €23,681 | €939 | -€22,743 | -96.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,709 | €15,667 | +€958 | +6.5% |
| Other operating charges | 640/8 | €952 | €1,163 | +€211 | +22.2% |
| Gross operating margin | 9900 | €31,062 | €66,315 | +€35,253 | +113% |
| Operating profit (loss) | 9901 | €15,401 | €49,485 | +€34,083 | +221% |
| Financial income | 75/76B | €0 | €3 | +€3 | +25,000% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +25,000% |
| Financial charges | 65/66B | €1,262 | €489 | -€773 | -61.3% |
| Recurring financial charges | 65 | €1,262 | €489 | -€773 | -61.3% |
| Profit (loss) for the period before taxes | 9903 | €14,139 | €48,999 | +€34,859 | +247% |
| Income taxes | 67/77 | €5,223 | €14,403 | +€9,180 | +176% |
| Profit (loss) for the period | 9904 | €8,916 | €34,596 | +€25,680 | +288% |
| Profit (loss) for the period to be appropriated | 9905 | €8,916 | €34,596 | +€25,680 | +288% |
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 27 October 2026 via checked.be.