Kine-Up: what changed
Two fiscal 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-Up
Largest movements
- Tangible fixed assets -€9,407
down €9,407 (-17.3%), from €54,438 to €45,031
of which Plant, machinery and equipment: -€8,707
- Cash -€7,931
down €7,931 (-72.0%), from €11,020 to €3,089
mainly Net result for the year (-€18,228) and Debts after one year (-€8,241)
- Deferred charges and accrued income -€1,074
no longer reported in 2025 (was €1,074)
- Profit (loss) carried forward -€18,228
down €18,228 (-83.6%), from -€21,796 to -€40,023
- Debts after one year -€8,241
down €8,241 (-19.2%), from €42,812 to €34,571
- Other debts +€3,045
up €3,045 (+9.1%), from €33,395 to €36,440
- Trade debts +€2,617
up €2,617 (+112.5%), from €2,326 to €4,943
- Accrued charges and deferred income +€2,047
new in 2025: €2,047
- Gross operating margin -€19,226
down €19,226, from €14,886 to -€4,340
- Other operating charges +€762
up €762 (+645.3%), from €118 to €880
- Depreciation +€503
up €503 (+5.0%), from €10,022 to €10,526
- Financial charges -€327
down €327 (-12.2%), from €2,677 to €2,350
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.
Cash bridge derived
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 | €66,772 | €48,351 | -€18,421 | -27.6% |
| Fixed assets | 21/28 | €54,438 | €45,031 | -€9,407 | -17.3% |
| Tangible fixed assets | 22/27 | €54,438 | €45,031 | -€9,407 | -17.3% |
| Land and buildings | 22 | €4,561 | €3,862 | -€699 | -15.3% |
| Plant, machinery and equipment | 23 | €49,877 | €41,169 | -€8,707 | -17.5% |
| Current assets | 29/58 | €12,334 | €3,320 | -€9,014 | -73.1% |
| Amounts receivable within one year | 40/41 | €240 | €230 | -€9 | -3.9% |
| Trade receivables | 40 | €240 | €230 | -€9 | -3.9% |
| Cash at bank and in hand | 54/58 | €11,020 | €3,089 | -€7,931 | -72.0% |
| Deferred charges and accrued income | 490/1 | €1,074 | - | -€1,074 | |
| Total equity and liabilities | 10/49 | €66,772 | €48,351 | -€18,421 | -27.6% |
| Equity | 10/15 | -€19,796 | -€38,023 | -€18,228 | -92.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,796 | -€40,023 | -€18,228 | -83.6% |
| Amounts payable | 17/49 | €86,568 | €86,374 | -€194 | -0.2% |
| Amounts payable after more than one year | 17 | €42,812 | €34,571 | -€8,241 | -19.2% |
| Financial debts | 170/4 | €42,812 | €34,571 | -€8,241 | -19.2% |
| Amounts payable within one year | 42/48 | €43,755 | €49,756 | +€6,001 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €7,865 | €8,241 | +€376 | +4.8% |
| Trade debts | 44 | €2,326 | €4,943 | +€2,617 | +112.5% |
| Suppliers | 440/4 | €2,326 | €4,943 | +€2,617 | +112.5% |
| Taxes, remuneration and social security | 45 | €169 | €132 | -€37 | -22.0% |
| Taxes | 450/3 | €169 | €132 | -€37 | -22.0% |
| Other amounts payable | 47/48 | €33,395 | €36,440 | +€3,045 | +9.1% |
| Accrued charges and deferred income | 492/3 | - | €2,047 | +€2,047 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,022 | €10,526 | +€503 | +5.0% |
| Other operating charges | 640/8 | €118 | €880 | +€762 | +645.3% |
| Gross operating margin | 9900 | €14,886 | -€4,340 | -€19,226 | |
| Operating profit (loss) | 9901 | €4,745 | -€15,746 | -€20,491 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,677 | €2,350 | -€327 | -12.2% |
| Recurring financial charges | 65 | €2,677 | €2,350 | -€327 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €2,069 | -€18,096 | -€20,165 | |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | €1,941 | -€18,228 | -€20,169 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,941 | -€18,228 | -€20,169 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.