KINE WEST: 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 WEST
Largest movements
- Cash +€68,519
up €68,519 (+85.4%), from €80,270 to €148,788
mainly Net result for the year (+€61,589) and Tax, wage and social debts (+€8,470)
- Tangible fixed assets -€8,400
down €8,400 (-33.0%), from €25,430 to €17,030
- Receivables within one year +€8,333
up €8,333 (+104%), from €8,031 to €16,364
- Reserves +€60,756
up €60,756 (+75.0%), from €81,028 to €141,784
- Tax, wage and social debts +€8,470
up €8,470 (+3,389%), from €250 to €8,720
- Other debts -€2,400
down €2,400 (-80.5%), from €2,983 to €583
- Gross operating margin +€38,812
up €38,812 (+71.8%), from €54,043 to €92,855
- Taxes +€10,836
up €10,836 (+84.1%), from €12,890 to €23,727
- Financial income +€1,012
up €1,012 (+618%), from €164 to €1,176
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 | €115,189 | €182,796 | +€67,607 | +58.7% |
| Fixed assets | 21/28 | €25,430 | €17,030 | -€8,400 | -33.0% |
| Tangible fixed assets | 22/27 | €25,430 | €17,030 | -€8,400 | -33.0% |
| Furniture and vehicles | 24 | €25,430 | €17,030 | -€8,400 | -33.0% |
| Current assets | 29/58 | €89,758 | €165,765 | +€76,007 | +84.7% |
| Amounts receivable within one year | 40/41 | €8,031 | €16,364 | +€8,333 | +104% |
| Other amounts receivable | 41 | €8,031 | €16,364 | +€8,333 | +104% |
| Cash at bank and in hand | 54/58 | €80,270 | €148,788 | +€68,519 | +85.4% |
| Deferred charges and accrued income | 490/1 | €1,458 | €613 | -€844 | -57.9% |
| Total equity and liabilities | 10/49 | €115,189 | €182,796 | +€67,607 | +58.7% |
| Equity | 10/15 | €85,028 | €145,784 | +€60,756 | +71.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €81,028 | €141,784 | +€60,756 | +75.0% |
| Distributable reserves | 133 | €81,028 | €141,784 | +€60,756 | +75.0% |
| Amounts payable | 17/49 | €30,161 | €37,011 | +€6,851 | +22.7% |
| Amounts payable within one year | 42/48 | €4,267 | €11,841 | +€7,574 | +177% |
| Trade debts | 44 | €1,034 | €2,538 | +€1,504 | +145% |
| Suppliers | 440/4 | €1,034 | €2,538 | +€1,504 | +145% |
| Taxes, remuneration and social security | 45 | €250 | €8,720 | +€8,470 | +3,389% |
| Taxes | 450/3 | €250 | €8,720 | +€8,470 | +3,389% |
| Other amounts payable | 47/48 | €2,983 | €583 | -€2,400 | -80.5% |
| Accrued charges and deferred income | 492/3 | €25,893 | €25,170 | -€723 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,400 | €8,400 | = | 0.0% |
| Other operating charges | 640/8 | €203 | €206 | +€3 | +1.6% |
| Gross operating margin | 9900 | €54,043 | €92,855 | +€38,812 | +71.8% |
| Operating profit (loss) | 9901 | €45,441 | €84,249 | +€38,808 | +85.4% |
| Financial income | 75/76B | €164 | €1,176 | +€1,012 | +618% |
| Recurring financial income | 75 | €164 | €1,176 | +€1,012 | +618% |
| Financial charges | 65/66B | €103 | €109 | +€6 | +5.8% |
| Recurring financial charges | 65 | €103 | €109 | +€6 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €45,502 | €85,316 | +€39,814 | +87.5% |
| Income taxes | 67/77 | €12,890 | €23,727 | +€10,836 | +84.1% |
| Profit (loss) for the period | 9904 | €32,611 | €61,589 | +€28,978 | +88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,611 | €61,589 | +€28,978 | +88.9% |
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 27 October 2026 via checked.be.