KINE-ULTRA: what changed
What changed
KINE-ULTRA
NACE 86.932, Human health activities
filed annual accounts (NBB)
Net result for the year
€68,964
2024 · €81,434-€12,470
Equity
€623,101
2024 · €554,137+€68,964
Cash
€576,570
2024 · €421,013+€155,557
Balance sheet total
€691,252
2024 · €622,667+€68,586
Largest movements
Assets
- Cash +€155,557
up €155,557 (+36.9%), from €421,013 to €576,570
mainly Current investments (+€70,000) and Net result for the year (+€68,964)
- Current investments -€70,000
down €70,000 (-73.1%), from €95,804 to €25,804
- Financial fixed assets -€10,088
down €10,088 (-16.7%), from €60,525 to €50,437
- Tangible fixed assets -€8,238
down €8,238 (-30.2%), from €27,320 to €19,082
of which Furniture and vehicles: -€7,233
Equity and liabilities
- Reserves +€68,964
up €68,964 (+13.1%), from €525,127 to €594,090
Income statement
- Gross operating margin -€16,845
down €16,845 (-11.8%), from €143,060 to €126,215
- Taxes -€5,762
down €5,762 (-15.1%), from €38,059 to €32,298
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
€81,434
Gross operating margin
-€16,845
Staff costs
-€1,061
Depreciation
-€201
Other operating charges
-€12
Financial income
-€480
Financial charges
+€366
Taxes
+€5,762
Result 2025
€68,964
raises the resultlowers the result
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
+€76,707
Investment
+€78,850
Financing
€0
Cash 2024
€421,013
From operations (derived)
+€76,707
Net result for the year
+€68,964
Depreciation
+€9,475
Receivables within one year
-€1,092
Deferred charges and accrued income
-€262
Trade debts
+€340
Tax, wage and social debts
-€1,378
Other debts
+€659
Investment (derived)
+€78,850
Investment in fixed assets (net)
+€8,850
Current investments
+€70,000
Cash 2025
€576,570
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €622,667 | €691,252 | +€68,586 | +11.0% |
| Fixed assets | 21/28 | €87,845 | €69,519 | -€18,325 | -20.9% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €27,320 | €19,082 | -€8,238 | -30.2% |
| Land and buildings | 22 | €6,590 | €5,585 | -€1,005 | -15.3% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €20,730 | €13,497 | -€7,233 | -34.9% |
| Financial fixed assets | 28 | €60,525 | €50,437 | -€10,088 | -16.7% |
| Current assets | 29/58 | €534,822 | €621,733 | +€86,911 | +16.3% |
| Amounts receivable within one year | 40/41 | €16,709 | €17,801 | +€1,092 | +6.5% |
| Trade receivables | 40 | €14,139 | €11,347 | -€2,792 | -19.7% |
| Other amounts receivable | 41 | €2,570 | €6,454 | +€3,885 | +151% |
| Current investments | 50/53 | €95,804 | €25,804 | -€70,000 | -73.1% |
| Cash at bank and in hand | 54/58 | €421,013 | €576,570 | +€155,557 | +36.9% |
| Deferred charges and accrued income | 490/1 | €1,297 | €1,558 | +€262 | +20.2% |
| Total equity and liabilities | 10/49 | €622,667 | €691,252 | +€68,586 | +11.0% |
| Equity | 10/15 | €554,137 | €623,101 | +€68,964 | +12.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €525,127 | €594,090 | +€68,964 | +13.1% |
| Distributable reserves | 133 | €525,127 | €594,090 | +€68,964 | +13.1% |
| Profit (loss) carried forward | 14 | €10,418 | €10,418 | = | 0.0% |
| Amounts payable | 17/49 | €68,530 | €68,152 | -€378 | -0.6% |
| Amounts payable within one year | 42/48 | €66,030 | €65,652 | -€378 | -0.6% |
| Trade debts | 44 | €820 | €1,161 | +€340 | +41.5% |
| Suppliers | 440/4 | €820 | €1,161 | +€340 | +41.5% |
| Taxes, remuneration and social security | 45 | €10,841 | €9,463 | -€1,378 | -12.7% |
| Taxes | 450/3 | €8,441 | €8,328 | -€113 | -1.3% |
| Remuneration and social security | 454/9 | €2,400 | €1,136 | -€1,264 | -52.7% |
| Other amounts payable | 47/48 | €54,369 | €55,028 | +€659 | +1.2% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Non-recurring operating income | 76A | €4,163 | €3,630 | -€534 | -12.8% |
| Remuneration, social security and pensions | 62 | €13,901 | €14,962 | +€1,061 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,274 | €9,475 | +€201 | +2.2% |
| Other operating charges | 640/8 | €496 | €508 | +€12 | +2.4% |
| Gross operating margin | 9900 | €143,060 | €126,215 | -€16,845 | -11.8% |
| Operating profit (loss) | 9901 | €119,388 | €101,269 | -€18,119 | -15.2% |
| Financial income | 75/76B | €4,326 | €3,846 | -€480 | -11.1% |
| Recurring financial income | 75 | €4,326 | €3,846 | -€480 | -11.1% |
| Financial charges | 65/66B | €4,221 | €3,854 | -€366 | -8.7% |
| Recurring financial charges | 65 | €4,221 | €3,854 | -€366 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €119,493 | €101,261 | -€18,232 | -15.3% |
| Income taxes | 67/77 | €38,059 | €32,298 | -€5,762 | -15.1% |
| Profit (loss) for the period | 9904 | €81,434 | €68,964 | -€12,470 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €81,434 | €68,964 | -€12,470 | -15.3% |
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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 5 November 2026 via checked.be.