KINE VDV: 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 VDV
Largest movements
- Cash +€593,524
up €593,524 (+545,719%), from €109 to €593,633
mainly Investment in fixed assets (net) (+€427,762) and Net result for the year (+€303,067)
- Tangible fixed assets -€432,380
down €432,380 (-97.4%), from €443,725 to €11,345
of which Land and buildings: -€427,645
- Reserves +€284,067
up €284,067 (+181%), from €157,126 to €441,193
- Debts after one year -€112,552
down €112,552 (-96.6%), from €116,534 to €3,983
- Tax, wage and social debts +€97,887
up €97,887 (+1,108%), from €8,833 to €106,720
- Other debts -€81,774
down €81,774 (-80.3%), from €101,807 to €20,033
- Current portion of long-term debt -€22,093
down €22,093 (-78.9%), from €28,003 to €5,910
- Gross operating margin +€396,554
up €396,554 (+1,767%), from €22,439 to €418,993
- Taxes +€103,007
up €103,007 (+72,119%), from €143 to €103,150
- Depreciation -€26,958
down €26,958 (-85.4%), from €31,575 to €4,618
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 | €445,435 | €612,679 | +€167,243 | +37.5% |
| Fixed assets | 21/28 | €443,725 | €11,345 | -€432,380 | -97.4% |
| Tangible fixed assets | 22/27 | €443,725 | €11,345 | -€432,380 | -97.4% |
| Land and buildings | 22 | €427,645 | €0 | -€427,645 | -100% |
| Plant, machinery and equipment | 23 | €3,307 | €2,315 | -€991 | -30.0% |
| Furniture and vehicles | 24 | €12,773 | €9,029 | -€3,743 | -29.3% |
| Current assets | 29/58 | €1,711 | €601,334 | +€599,623 | +35,051% |
| Amounts receivable within one year | 40/41 | €1,466 | €7,233 | +€5,768 | +394% |
| Trade receivables | 40 | €1,466 | €7,233 | +€5,768 | +394% |
| Cash at bank and in hand | 54/58 | €109 | €593,633 | +€593,524 | +545,719% |
| Deferred charges and accrued income | 490/1 | €136 | €468 | +€331 | +243% |
| Total equity and liabilities | 10/49 | €445,435 | €612,679 | +€167,243 | +37.5% |
| Equity | 10/15 | €175,726 | €459,793 | +€284,067 | +162% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €157,126 | €441,193 | +€284,067 | +181% |
| Distributable reserves | 133 | €157,126 | €441,193 | +€284,067 | +181% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €269,709 | €152,886 | -€116,823 | -43.3% |
| Amounts payable after more than one year | 17 | €116,534 | €3,983 | -€112,552 | -96.6% |
| Financial debts | 170/4 | €116,534 | €3,983 | -€112,552 | -96.6% |
| Amounts payable within one year | 42/48 | €152,675 | €148,654 | -€4,021 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €28,003 | €5,910 | -€22,093 | -78.9% |
| Trade debts | 44 | €14,031 | €15,991 | +€1,960 | +14.0% |
| Suppliers | 440/4 | €14,031 | €15,991 | +€1,960 | +14.0% |
| Taxes, remuneration and social security | 45 | €8,833 | €106,720 | +€97,887 | +1,108% |
| Taxes | 450/3 | €8,833 | €106,720 | +€97,887 | +1,108% |
| Other amounts payable | 47/48 | €101,807 | €20,033 | -€81,774 | -80.3% |
| Accrued charges and deferred income | 492/3 | €500 | €250 | -€250 | -50.0% |
| Non-recurring operating income | 76A | - | €413,738 | +€413,738 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,575 | €4,618 | -€26,958 | -85.4% |
| Other operating charges | 640/8 | €2,958 | €3,167 | +€209 | +7.1% |
| Gross operating margin | 9900 | €22,439 | €418,993 | +€396,554 | +1,767% |
| Operating profit (loss) | 9901 | -€12,094 | €411,208 | +€423,302 | |
| Financial income | 75/76B | €0 | €2,199 | +€2,199 | |
| Recurring financial income | 75 | €0 | €2,199 | +€2,199 | |
| Financial charges | 65/66B | €7,071 | €7,190 | +€119 | +1.7% |
| Recurring financial charges | 65 | €7,071 | €7,190 | +€119 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | -€19,165 | €406,217 | +€425,381 | |
| Income taxes | 67/77 | €143 | €103,150 | +€103,007 | +72,119% |
| Profit (loss) for the period | 9904 | -€19,308 | €303,067 | +€322,374 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,308 | €303,067 | +€322,374 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.