KINEART: 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.
KINEART
Largest movements
- Receivables within one year -€10,593
down €10,593 (-41.5%), from €25,522 to €14,929
- Cash +€7,530
up €7,530 (+28.0%), from €26,919 to €34,449
mainly Receivables within one year (+€10,593) and Depreciation (+€449)
- Profit (loss) carried forward -€2,512
down €2,512 (-5.8%), from €43,499 to €40,987
- Gross operating margin -€12,708
down €12,708, from €11,487 to -€1,221
- Depreciation -€1,170
down €1,170 (-72.3%), from €1,619 to €449
- Other operating charges +€201
up €201 (+48.5%), from €414 to €616
- Taxes +€143
new in 2025: €143
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 | €54,770 | €52,012 | -€2,759 | -5.0% |
| Fixed assets | 21/28 | €869 | €1,220 | +€351 | +40.4% |
| Tangible fixed assets | 22/27 | €869 | €1,220 | +€351 | +40.4% |
| Furniture and vehicles | 24 | €869 | €1,220 | +€351 | +40.4% |
| Current assets | 29/58 | €53,901 | €50,792 | -€3,109 | -5.8% |
| Amounts receivable within one year | 40/41 | €25,522 | €14,929 | -€10,593 | -41.5% |
| Trade receivables | 40 | €25,522 | €14,929 | -€10,593 | -41.5% |
| Cash at bank and in hand | 54/58 | €26,919 | €34,449 | +€7,530 | +28.0% |
| Deferred charges and accrued income | 490/1 | €1,460 | €1,413 | -€47 | -3.2% |
| Total equity and liabilities | 10/49 | €54,770 | €52,012 | -€2,759 | -5.0% |
| Equity | 10/15 | €50,999 | €48,487 | -€2,512 | -4.9% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,499 | €40,987 | -€2,512 | -5.8% |
| Amounts payable | 17/49 | €3,771 | €3,524 | -€247 | -6.5% |
| Amounts payable within one year | 42/48 | €3,771 | €3,524 | -€247 | -6.5% |
| Trade debts | 44 | €771 | €426 | -€345 | -44.8% |
| Suppliers | 440/4 | €771 | €426 | -€345 | -44.8% |
| Taxes, remuneration and social security | 45 | €3,000 | €3,000 | = | 0.0% |
| Taxes | 450/3 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | - | €99 | +€99 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,619 | €449 | -€1,170 | -72.3% |
| Other operating charges | 640/8 | €414 | €616 | +€201 | +48.5% |
| Gross operating margin | 9900 | €11,487 | -€1,221 | -€12,708 | |
| Operating profit (loss) | 9901 | €9,453 | -€2,286 | -€11,739 | |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €15 | €91 | +€76 | +504% |
| Recurring financial charges | 65 | €15 | €91 | +€76 | +504% |
| Profit (loss) for the period before taxes | 9903 | €9,438 | -€2,369 | -€11,807 | |
| Income taxes | 67/77 | - | €143 | +€143 | |
| Profit (loss) for the period | 9904 | €9,438 | -€2,512 | -€11,950 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,438 | -€2,512 | -€11,950 |
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 19 October 2026 via checked.be.