KINECODE: 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.
KINECODE
Largest movements
- Tangible fixed assets -€1,990
down €1,990 (-44.5%), from €4,476 to €2,486
- Receivables within one year -€1,892
down €1,892 (-36.6%), from €5,164 to €3,272
of which Trade receivables: -€1,892
- Cash -€1,651
no longer reported in 2025 (was €1,651)
mainly Net result for the year (-€7,024) and Other debts (-€396)
- Profit (loss) carried forward -€7,024
down €7,024 (-235.3%), from -€2,985 to -€10,008
- Trade debts +€1,529
up €1,529 (+598.9%), from €255 to €1,784
- Other debts -€396
down €396 (-3.1%), from €12,685 to €12,289
- Tax, wage and social debts +€264
new in 2025: €264
- Gross operating margin -€4,786
down €4,786, from €1,097 to -€3,688
- Financial charges -€590
down €590 (-79.4%), from €744 to €153
- Taxes -€173
down €173 (-39.6%), from €437 to €264
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 | €11,456 | €5,927 | -€5,530 | -48.3% |
| Fixed assets | 21/28 | €4,476 | €2,486 | -€1,990 | -44.5% |
| Tangible fixed assets | 22/27 | €4,476 | €2,486 | -€1,990 | -44.5% |
| Plant, machinery and equipment | 23 | €4,476 | €2,486 | -€1,990 | -44.5% |
| Current assets | 29/58 | €6,980 | €3,441 | -€3,539 | -50.7% |
| Amounts receivable within one year | 40/41 | €5,164 | €3,272 | -€1,892 | -36.6% |
| Trade receivables | 40 | €2,094 | €203 | -€1,892 | -90.3% |
| Other amounts receivable | 41 | €3,070 | €3,070 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,651 | - | -€1,651 | |
| Deferred charges and accrued income | 490/1 | €165 | €169 | +€3 | +2.0% |
| Total equity and liabilities | 10/49 | €11,456 | €5,927 | -€5,530 | -48.3% |
| Equity | 10/15 | -€1,484 | -€8,507 | -€7,024 | -473.4% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €1,500 | €1,500 | = | 0.0% |
| Distributable reserves | 133 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,985 | -€10,008 | -€7,024 | -235.3% |
| Amounts payable | 17/49 | €12,940 | €14,434 | +€1,494 | +11.5% |
| Amounts payable within one year | 42/48 | €12,940 | €14,434 | +€1,494 | +11.5% |
| Financial debts | 43 | - | €97 | +€97 | |
| Credit institutions | 430/8 | - | €97 | +€97 | |
| Trade debts | 44 | €255 | €1,784 | +€1,529 | +598.9% |
| Suppliers | 440/4 | €255 | €1,784 | +€1,529 | +598.9% |
| Taxes, remuneration and social security | 45 | - | €264 | +€264 | |
| Taxes | 450/3 | - | €264 | +€264 | |
| Other amounts payable | 47/48 | €12,685 | €12,289 | -€396 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,986 | €1,990 | +€5 | +0.2% |
| Other operating charges | 640/8 | €919 | €928 | +€10 | +1.0% |
| Gross operating margin | 9900 | €1,097 | -€3,688 | -€4,786 | |
| Operating profit (loss) | 9901 | -€1,807 | -€6,607 | -€4,800 | -265.6% |
| Financial income | 75/76B | €3 | €0 | -€3 | -90.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -90.0% |
| Financial charges | 65/66B | €744 | €153 | -€590 | -79.4% |
| Recurring financial charges | 65 | €744 | €153 | -€590 | -79.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,548 | -€6,760 | -€4,212 | -165.3% |
| Income taxes | 67/77 | €437 | €264 | -€173 | -39.6% |
| Profit (loss) for the period | 9904 | -€2,985 | -€7,024 | -€4,039 | -135.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,985 | -€7,024 | -€4,039 | -135.3% |
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.