Kinécin: what changed
Kinécin
Largest movements
- Tangible fixed assets +€29,381
up €29,381 (+177%), from €16,630 to €46,011
of which Furniture and vehicles: +€28,940
- Intangible fixed assets -€15,000
down €15,000 (-14.3%), from €105,000 to €90,000
- Cash +€10,135
up €10,135 (+50.2%), from €20,171 to €30,307
mainly Depreciation (+€28,252) and Debts after one year (+€15,189)
- Deferred charges and accrued income +€2,257
up €2,257 (+1,251%), from €180 to €2,437
- Debts after one year +€15,189
up €15,189 (+14.3%), from €106,208 to €121,397
of which Financial debts: +€21,023
- Profit (loss) carried forward +€6,214
up €6,214 (+27.5%), from €22,561 to €28,775
- Current portion of long-term debt +€5,723
new in 2025: €5,723
- Gross operating margin -€7,948
down €7,948 (-15.1%), from €52,806 to €44,858
- Depreciation +€4,937
up €4,937 (+21.2%), from €23,315 to €28,252
- Taxes -€2,970
down €2,970 (-46.2%), from €6,428 to €3,458
- Financial charges +€1,976
up €1,976 (+140%), from €1,407 to €3,382
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,982 | €169,297 | +€27,315 | +19.2% |
| Fixed assets | 21/28 | €121,630 | €136,011 | +€14,381 | +11.8% |
| Intangible fixed assets | 21 | €105,000 | €90,000 | -€15,000 | -14.3% |
| Tangible fixed assets | 22/27 | €16,630 | €46,011 | +€29,381 | +177% |
| Land and buildings | 22 | €1,200 | €2,680 | +€1,480 | +123% |
| Plant, machinery and equipment | 23 | €3,860 | €2,821 | -€1,039 | -26.9% |
| Furniture and vehicles | 24 | €11,570 | €40,510 | +€28,940 | +250% |
| Current assets | 29/58 | €20,352 | €33,286 | +€12,934 | +63.6% |
| Amounts receivable within one year | 40/41 | €0 | €542 | +€542 | |
| Other amounts receivable | 41 | €0 | €542 | +€542 | |
| Cash at bank and in hand | 54/58 | €20,171 | €30,307 | +€10,135 | +50.2% |
| Deferred charges and accrued income | 490/1 | €180 | €2,437 | +€2,257 | +1,251% |
| Total equity and liabilities | 10/49 | €141,982 | €169,297 | +€27,315 | +19.2% |
| Equity | 10/15 | €32,561 | €38,775 | +€6,214 | +19.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,561 | €28,775 | +€6,214 | +27.5% |
| Amounts payable | 17/49 | €109,420 | €130,522 | +€21,102 | +19.3% |
| Amounts payable after more than one year | 17 | €106,208 | €121,397 | +€15,189 | +14.3% |
| Financial debts | 170/4 | - | €21,023 | +€21,023 | |
| Other amounts payable | 178/9 | €106,208 | €100,374 | -€5,834 | -5.5% |
| Amounts payable within one year | 42/48 | €3,212 | €9,124 | +€5,912 | +184% |
| Current portion of amounts payable after more than one year | 42 | - | €5,723 | +€5,723 | |
| Trade debts | 44 | €1,610 | €1,876 | +€266 | +16.5% |
| Suppliers | 440/4 | €1,610 | €1,876 | +€266 | +16.5% |
| Taxes, remuneration and social security | 45 | €1,019 | €942 | -€77 | -7.6% |
| Taxes | 450/3 | €1,019 | €942 | -€77 | -7.6% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €583 | €583 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,315 | €28,252 | +€4,937 | +21.2% |
| Other operating charges | 640/8 | €2,423 | €2,719 | +€297 | +12.2% |
| Gross operating margin | 9900 | €52,806 | €44,858 | -€7,948 | -15.1% |
| Operating profit (loss) | 9901 | €27,068 | €13,887 | -€13,181 | -48.7% |
| Financial charges | 65/66B | €1,407 | €3,382 | +€1,976 | +140% |
| Recurring financial charges | 65 | €1,407 | €3,382 | +€1,976 | +140% |
| Profit (loss) for the period before taxes | 9903 | €25,662 | €10,504 | -€15,157 | -59.1% |
| Income taxes | 67/77 | €6,428 | €3,458 | -€2,970 | -46.2% |
| Profit (loss) for the period | 9904 | €19,234 | €7,047 | -€12,187 | -63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,234 | €7,047 | -€12,187 | -63.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.