KINE WINK: 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 WINK
Largest movements
- Cash -€11,589
down €11,589 (-35.6%), from €32,551 to €20,962
mainly Trade debts (-€10,759) and Investment in fixed assets (net) (-€8,360)
- Tangible fixed assets -€10,277
down €10,277 (-15.1%), from €67,976 to €57,698
of which Other tangible fixed assets: -€8,636
- Receivables within one year -€7,586
down €7,586 (-52.6%), from €14,423 to €6,837
of which Trade receivables: -€10,090
- Deferred charges and accrued income +€2,393
up €2,393 (+176%), from €1,362 to €3,755
- Intangible fixed assets -€1,878
down €1,878 (-38.2%), from €4,914 to €3,036
- Reserves -€12,819
down €12,819 (-33.7%), from €38,060 to €25,241
- Trade debts -€10,759
down €10,759 (-61.9%), from €17,389 to €6,630
- Debts after one year -€5,985
down €5,985 (-13.6%), from €43,969 to €37,985
- Current portion of long-term debt +€2,505
up €2,505 (+29.0%), from €8,626 to €11,132
- Other debts -€2,491
down €2,491 (-46.5%), from €5,363 to €2,871
- Gross operating margin -€27,420
down €27,420 (-62.1%), from €44,153 to €16,733
- Depreciation +€2,832
up €2,832 (+16.0%), from €17,683 to €20,516
- Taxes -€2,761
down €2,761 (-90.9%), from €3,037 to €276
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 | €121,725 | €92,788 | -€28,938 | -23.8% |
| Fixed assets | 21/28 | €73,390 | €61,234 | -€12,155 | -16.6% |
| Intangible fixed assets | 21 | €4,914 | €3,036 | -€1,878 | -38.2% |
| Tangible fixed assets | 22/27 | €67,976 | €57,698 | -€10,277 | -15.1% |
| Plant, machinery and equipment | 23 | €3,979 | €3,415 | -€564 | -14.2% |
| Furniture and vehicles | 24 | €1,720 | €642 | -€1,078 | -62.7% |
| Other tangible fixed assets | 26 | €62,276 | €53,641 | -€8,636 | -13.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €48,336 | €31,553 | -€16,782 | -34.7% |
| Amounts receivable within one year | 40/41 | €14,423 | €6,837 | -€7,586 | -52.6% |
| Trade receivables | 40 | €10,214 | €124 | -€10,090 | -98.8% |
| Other amounts receivable | 41 | €4,209 | €6,713 | +€2,504 | +59.5% |
| Cash at bank and in hand | 54/58 | €32,551 | €20,962 | -€11,589 | -35.6% |
| Deferred charges and accrued income | 490/1 | €1,362 | €3,755 | +€2,393 | +176% |
| Total equity and liabilities | 10/49 | €121,725 | €92,788 | -€28,938 | -23.8% |
| Equity | 10/15 | €44,060 | €31,241 | -€12,819 | -29.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €38,060 | €25,241 | -€12,819 | -33.7% |
| Distributable reserves | 133 | €38,060 | €25,241 | -€12,819 | -33.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €77,665 | €61,547 | -€16,118 | -20.8% |
| Amounts payable after more than one year | 17 | €43,969 | €37,985 | -€5,985 | -13.6% |
| Financial debts | 170/4 | €43,969 | €37,985 | -€5,985 | -13.6% |
| Amounts payable within one year | 42/48 | €33,696 | €23,562 | -€10,134 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €8,626 | €11,132 | +€2,505 | +29.0% |
| Trade debts | 44 | €17,389 | €6,630 | -€10,759 | -61.9% |
| Suppliers | 440/4 | €17,389 | €6,630 | -€10,759 | -61.9% |
| Taxes, remuneration and social security | 45 | €2,318 | €2,930 | +€612 | +26.4% |
| Taxes | 450/3 | €2,318 | €2,930 | +€612 | +26.4% |
| Other amounts payable | 47/48 | €5,363 | €2,871 | -€2,491 | -46.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,683 | €20,516 | +€2,832 | +16.0% |
| Other operating charges | 640/8 | €839 | €866 | +€27 | +3.2% |
| Gross operating margin | 9900 | €44,153 | €16,733 | -€27,420 | -62.1% |
| Operating profit (loss) | 9901 | €25,630 | -€4,649 | -€30,279 | |
| Financial income | 75/76B | - | €48 | +€48 | |
| Recurring financial income | 75 | - | €48 | +€48 | |
| Financial charges | 65/66B | €1,909 | €1,943 | +€34 | +1.8% |
| Recurring financial charges | 65 | €1,909 | €1,943 | +€34 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €23,722 | -€6,543 | -€30,265 | |
| Income taxes | 67/77 | €3,037 | €276 | -€2,761 | -90.9% |
| Profit (loss) for the period | 9904 | €20,685 | -€6,819 | -€27,504 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,685 | -€6,819 | -€27,504 |
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 1 November 2026 via checked.be.