KINE VDS: 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 VDS
Largest movements
- Tangible fixed assets -€10,104
down €10,104 (-28.5%), from €35,488 to €25,384
- Cash -€6,176
down €6,176 (-65.9%), from €9,376 to €3,200
mainly Contributions, distributions and other (-€23,828) and Debts after one year (-€8,467)
- Receivables within one year -€792
down €792 (-15.6%), from €5,064 to €4,272
of which Other amounts receivable: -€521
- Reserves -€15,823
down €15,823 (-91.3%), from €17,329 to €1,506
- Debts after one year -€8,467
down €8,467 (-36.0%), from €23,532 to €15,065
- Other debts +€6,296
up €6,296 (+909%), from €693 to €6,989
- Taxes +€630
up €630 (+25.4%), from €2,479 to €3,109
- Financial charges -€386
down €386 (-20.4%), from €1,894 to €1,508
- Gross operating margin -€368
down €368 (-1.5%), from €24,122 to €23,754
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 | €51,701 | €34,700 | -€17,001 | -32.9% |
| Fixed assets | 21/28 | €35,538 | €25,434 | -€10,104 | -28.4% |
| Tangible fixed assets | 22/27 | €35,488 | €25,384 | -€10,104 | -28.5% |
| Furniture and vehicles | 24 | €35,488 | €25,384 | -€10,104 | -28.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €16,163 | €9,266 | -€6,898 | -42.7% |
| Amounts receivable within one year | 40/41 | €5,064 | €4,272 | -€792 | -15.6% |
| Trade receivables | 40 | €4,543 | €4,272 | -€271 | -6.0% |
| Other amounts receivable | 41 | €521 | €0 | -€521 | -100% |
| Cash at bank and in hand | 54/58 | €9,376 | €3,200 | -€6,176 | -65.9% |
| Deferred charges and accrued income | 490/1 | €1,723 | €1,793 | +€70 | +4.1% |
| Total equity and liabilities | 10/49 | €51,701 | €34,700 | -€17,001 | -32.9% |
| Equity | 10/15 | €18,829 | €3,006 | -€15,823 | -84.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €17,329 | €1,506 | -€15,823 | -91.3% |
| Distributable reserves | 133 | €17,329 | €1,506 | -€15,823 | -91.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €32,872 | €31,694 | -€1,178 | -3.6% |
| Amounts payable after more than one year | 17 | €23,532 | €15,065 | -€8,467 | -36.0% |
| Financial debts | 170/4 | €23,532 | €15,065 | -€8,467 | -36.0% |
| Amounts payable within one year | 42/48 | €9,340 | €16,630 | +€7,289 | +78.0% |
| Current portion of amounts payable after more than one year | 42 | €8,063 | €8,467 | +€404 | +5.0% |
| Trade debts | 44 | €74 | €339 | +€265 | +358% |
| Suppliers | 440/4 | €74 | €339 | +€265 | +358% |
| Taxes, remuneration and social security | 45 | €510 | €834 | +€324 | +63.5% |
| Taxes | 450/3 | €510 | €834 | +€324 | +63.5% |
| Other amounts payable | 47/48 | €693 | €6,989 | +€6,296 | +909% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,104 | €10,104 | = | 0.0% |
| Other operating charges | 640/8 | €1,032 | €1,028 | -€4 | -0.4% |
| Gross operating margin | 9900 | €24,122 | €23,754 | -€368 | -1.5% |
| Operating profit (loss) | 9901 | €12,986 | €12,622 | -€364 | -2.8% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.3% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.3% |
| Financial charges | 65/66B | €1,894 | €1,508 | -€386 | -20.4% |
| Recurring financial charges | 65 | €1,894 | €1,508 | -€386 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €11,094 | €11,114 | +€20 | +0.2% |
| Income taxes | 67/77 | €2,479 | €3,109 | +€630 | +25.4% |
| Profit (loss) for the period | 9904 | €8,615 | €8,005 | -€610 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,615 | €8,005 | -€610 | -7.1% |
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 18 October 2026 via checked.be.