KINE TEAM: 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 TEAM
Largest movements
- Tangible fixed assets +€149,929
up €149,929 (+26.7%), from €561,505 to €711,434
of which Land and buildings: +€155,276
- Cash +€36,149
up €36,149 (+18.4%), from €196,422 to €232,571
mainly Debts after one year (+€114,262) and Net result for the year (+€68,116)
- Debts after one year +€114,262
up €114,262 (+34.6%), from €330,218 to €444,479
- Other debts +€51,604
up €51,604 (+83.9%), from €61,481 to €113,085
- Current portion of long-term debt +€25,026
up €25,026 (+52.2%), from €47,964 to €72,990
- Other operating charges +€23,145
up €23,145 (+668%), from €3,465 to €26,610
- Taxes -€14,654
down €14,654 (-43.9%), from €33,377 to €18,723
- Depreciation +€5,772
up €5,772 (+16.8%), from €34,299 to €40,071
- Gross operating margin +€3,061
up €3,061 (+1.6%), from €187,044 to €190,105
- Financial charges +€2,124
up €2,124 (+17.2%), from €12,375 to €14,499
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 | €762,706 | €950,517 | +€187,811 | +24.6% |
| Fixed assets | 21/28 | €561,505 | €711,434 | +€149,929 | +26.7% |
| Tangible fixed assets | 22/27 | €561,505 | €711,434 | +€149,929 | +26.7% |
| Land and buildings | 22 | €540,829 | €696,106 | +€155,276 | +28.7% |
| Plant, machinery and equipment | 23 | €19,499 | €14,739 | -€4,760 | -24.4% |
| Furniture and vehicles | 24 | €1,176 | €590 | -€587 | -49.9% |
| Current assets | 29/58 | €201,201 | €239,083 | +€37,882 | +18.8% |
| Amounts receivable within one year | 40/41 | €795 | €1,064 | +€269 | +33.8% |
| Trade receivables | 40 | €795 | €1,064 | +€269 | +33.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €196,422 | €232,571 | +€36,149 | +18.4% |
| Deferred charges and accrued income | 490/1 | €3,984 | €5,449 | +€1,465 | +36.8% |
| Total equity and liabilities | 10/49 | €762,706 | €950,517 | +€187,811 | +24.6% |
| Equity | 10/15 | €249,818 | €249,818 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €231,218 | €231,218 | = | 0.0% |
| Distributable reserves | 133 | €231,218 | €231,218 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €512,888 | €700,700 | +€187,811 | +36.6% |
| Amounts payable after more than one year | 17 | €330,218 | €444,479 | +€114,262 | +34.6% |
| Financial debts | 170/4 | €330,218 | €444,479 | +€114,262 | +34.6% |
| Amounts payable within one year | 42/48 | €136,477 | €207,754 | +€71,277 | +52.2% |
| Current portion of amounts payable after more than one year | 42 | €47,964 | €72,990 | +€25,026 | +52.2% |
| Trade debts | 44 | €1,813 | €1,204 | -€609 | -33.6% |
| Suppliers | 440/4 | €1,813 | €1,204 | -€609 | -33.6% |
| Taxes, remuneration and social security | 45 | €25,220 | €20,475 | -€4,744 | -18.8% |
| Taxes | 450/3 | €21,292 | €15,594 | -€5,699 | -26.8% |
| Remuneration and social security | 454/9 | €3,927 | €4,882 | +€954 | +24.3% |
| Other amounts payable | 47/48 | €61,481 | €113,085 | +€51,604 | +83.9% |
| Accrued charges and deferred income | 492/3 | €46,194 | €48,467 | +€2,273 | +4.9% |
| Remuneration, social security and pensions | 62 | €22,445 | €22,278 | -€168 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,299 | €40,071 | +€5,772 | +16.8% |
| Other operating charges | 640/8 | €3,465 | €26,610 | +€23,145 | +668% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €187,044 | €190,105 | +€3,061 | +1.6% |
| Operating profit (loss) | 9901 | €126,834 | €101,147 | -€25,688 | -20.3% |
| Financial income | 75/76B | €0 | €191 | +€191 | |
| Recurring financial income | 75 | €0 | €191 | +€191 | |
| Financial charges | 65/66B | €12,375 | €14,499 | +€2,124 | +17.2% |
| Recurring financial charges | 65 | €12,375 | €14,499 | +€2,124 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €114,460 | €86,839 | -€27,620 | -24.1% |
| Income taxes | 67/77 | €33,377 | €18,723 | -€14,654 | -43.9% |
| Profit (loss) for the period | 9904 | €81,082 | €68,116 | -€12,966 | -16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,082 | €68,116 | -€12,966 | -16.0% |
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.