KINEAM: 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.
KINEAM
Largest movements
- Cash +€19,160
up €19,160 (+22.2%), from €86,333 to €105,493
mainly Net result for the year (+€40,523) and Depreciation (+€24,630)
- Deferred charges and accrued income +€6,014
up €6,014 (+188.7%), from €3,188 to €9,202
- Tangible fixed assets -€3,864
down €3,864 (-5.1%), from €75,051 to €71,187
of which Land and buildings: -€9,144
- Other debts +€13,866
up €13,866 (+17.4%), from €79,827 to €93,693
- Current portion of long-term debt +€5,762
up €5,762 (+47.7%), from €12,088 to €17,850
- Trade debts +€2,881
up €2,881 (+70.9%), from €4,065 to €6,947
- Debts after one year -€2,221
down €2,221 (-3.7%), from €59,895 to €57,674
- Gross operating margin -€3,822
down €3,822 (-4.4%), from €85,971 to €82,149
- Depreciation -€1,653
down €1,653 (-6.3%), from €26,282 to €24,630
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 | €174,222 | €194,524 | +€20,301 | +11.7% |
| Fixed assets | 21/28 | €75,142 | €71,278 | -€3,864 | -5.1% |
| Tangible fixed assets | 22/27 | €75,051 | €71,187 | -€3,864 | -5.1% |
| Land and buildings | 22 | €27,432 | €18,288 | -€9,144 | -33.3% |
| Plant, machinery and equipment | 23 | €1,109 | €674 | -€434 | -39.2% |
| Furniture and vehicles | 24 | €46,510 | €52,224 | +€5,714 | +12.3% |
| Financial fixed assets | 28 | €91 | €91 | = | 0.0% |
| Current assets | 29/58 | €99,081 | €123,246 | +€24,165 | +24.4% |
| Amounts receivable within one year | 40/41 | €9,560 | €8,551 | -€1,009 | -10.6% |
| Trade receivables | 40 | €9,498 | €8,551 | -€947 | -10.0% |
| Other amounts receivable | 41 | €62 | €0 | -€62 | -100.0% |
| Cash at bank and in hand | 54/58 | €86,333 | €105,493 | +€19,160 | +22.2% |
| Deferred charges and accrued income | 490/1 | €3,188 | €9,202 | +€6,014 | +188.7% |
| Total equity and liabilities | 10/49 | €174,222 | €194,524 | +€20,301 | +11.7% |
| Equity | 10/15 | €8,060 | €8,060 | = | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €166,162 | €186,464 | +€20,301 | +12.2% |
| Amounts payable after more than one year | 17 | €59,895 | €57,674 | -€2,221 | -3.7% |
| Financial debts | 170/4 | €59,895 | €57,674 | -€2,221 | -3.7% |
| Amounts payable within one year | 42/48 | €106,267 | €128,578 | +€22,311 | +21.0% |
| Current portion of amounts payable after more than one year | 42 | €12,088 | €17,850 | +€5,762 | +47.7% |
| Financial debts | 43 | €2,231 | €3,422 | +€1,191 | +53.4% |
| Credit institutions | 430/8 | €2,231 | €3,422 | +€1,191 | +53.4% |
| Trade debts | 44 | €4,065 | €6,947 | +€2,881 | +70.9% |
| Suppliers | 440/4 | €4,065 | €6,947 | +€2,881 | +70.9% |
| Taxes, remuneration and social security | 45 | €8,056 | €6,666 | -€1,390 | -17.2% |
| Taxes | 450/3 | €8,056 | €6,666 | -€1,390 | -17.2% |
| Other amounts payable | 47/48 | €79,827 | €93,693 | +€13,866 | +17.4% |
| Accrued charges and deferred income | 492/3 | €0 | €211 | +€211 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,282 | €24,630 | -€1,653 | -6.3% |
| Other operating charges | 640/8 | €1,722 | €2,576 | +€854 | +49.6% |
| Gross operating margin | 9900 | €85,971 | €82,149 | -€3,822 | -4.4% |
| Operating profit (loss) | 9901 | €57,966 | €54,944 | -€3,022 | -5.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €4,550 | €3,833 | -€717 | -15.8% |
| Recurring financial charges | 65 | €4,550 | €3,833 | -€717 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €53,416 | €51,111 | -€2,305 | -4.3% |
| Income taxes | 67/77 | €11,110 | €10,588 | -€522 | -4.7% |
| Profit (loss) for the period | 9904 | €42,306 | €40,523 | -€1,783 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,306 | €40,523 | -€1,783 | -4.2% |
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 5 October 2026 via checked.be.