KINE2: 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.
KINE2
Largest movements
- Cash -€28,706
down €28,706 (-68.1%), from €42,149 to €13,443
mainly Contributions, distributions and other (-€67,500) and Receivables within one year (-€9,831)
- Receivables within one year +€9,831
up €9,831 (+8.6%), from €114,648 to €124,479
- Profit (loss) carried forward -€32,508
down €32,508 (-27.5%), from €118,313 to €85,805
- Tax, wage and social debts +€7,483
up €7,483 (+23.0%), from €32,515 to €39,998
- Debts after one year +€4,217
new in 2025: €4,217
- Current portion of long-term debt +€4,044
new in 2025: €4,044
- Trade debts -€3,359
down €3,359 (-54.7%), from €6,147 to €2,787
- Gross operating margin -€22,153
down €22,153 (-34.1%), from €64,872 to €42,719
- Taxes -€4,596
down €4,596 (-30.3%), from €15,156 to €10,560
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 | €156,975 | €139,352 | -€17,623 | -11.2% |
| Fixed assets | 21/28 | - | €1,279 | +€1,279 | |
| Tangible fixed assets | 22/27 | - | €1,279 | +€1,279 | |
| Furniture and vehicles | 24 | - | €1,279 | +€1,279 | |
| Current assets | 29/58 | €156,975 | €138,073 | -€18,902 | -12.0% |
| Amounts receivable within one year | 40/41 | €114,648 | €124,479 | +€9,831 | +8.6% |
| Other amounts receivable | 41 | €114,648 | €124,479 | +€9,831 | +8.6% |
| Cash at bank and in hand | 54/58 | €42,149 | €13,443 | -€28,706 | -68.1% |
| Deferred charges and accrued income | 490/1 | €178 | €150 | -€27 | -15.3% |
| Total equity and liabilities | 10/49 | €156,975 | €139,352 | -€17,623 | -11.2% |
| Equity | 10/15 | €118,313 | €88,305 | -€30,008 | -25.4% |
| Contributions | 10/11 | - | €2,500 | +€2,500 | |
| Profit (loss) carried forward | 14 | €118,313 | €85,805 | -€32,508 | -27.5% |
| Amounts payable | 17/49 | €38,662 | €51,047 | +€12,385 | +32.0% |
| Amounts payable after more than one year | 17 | - | €4,217 | +€4,217 | |
| Financial debts | 170/4 | - | €4,217 | +€4,217 | |
| Amounts payable within one year | 42/48 | €38,662 | €46,830 | +€8,168 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | - | €4,044 | +€4,044 | |
| Trade debts | 44 | €6,147 | €2,787 | -€3,359 | -54.7% |
| Suppliers | 440/4 | €6,147 | €2,787 | -€3,359 | -54.7% |
| Taxes, remuneration and social security | 45 | €32,515 | €39,998 | +€7,483 | +23.0% |
| Taxes | 450/3 | €32,515 | €39,998 | +€7,483 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €191 | +€191 | |
| Other operating charges | 640/8 | €605 | €380 | -€224 | -37.1% |
| Gross operating margin | 9900 | €64,872 | €42,719 | -€22,153 | -34.1% |
| Operating profit (loss) | 9901 | €64,267 | €42,148 | -€22,119 | -34.4% |
| Financial income | 75/76B | €5,880 | €6,479 | +€599 | +10.2% |
| Recurring financial income | 75 | €5,880 | €6,479 | +€599 | +10.2% |
| Financial charges | 65/66B | €75 | €575 | +€500 | +664.2% |
| Recurring financial charges | 65 | €75 | €575 | +€500 | +664.2% |
| Profit (loss) for the period before taxes | 9903 | €70,073 | €48,052 | -€22,020 | -31.4% |
| Income taxes | 67/77 | €15,156 | €10,560 | -€4,596 | -30.3% |
| Profit (loss) for the period | 9904 | €54,916 | €37,492 | -€17,425 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,916 | €37,492 | -€17,425 | -31.7% |
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 2 October 2026 via checked.be.