KineConnect: 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.
KineConnect
Largest movements
- Deferred charges and accrued income -€14,857
down €14,857 (-51.5%), from €28,824 to €13,968
- Cash +€10,104
up €10,104 (+11.5%), from €88,065 to €98,170
mainly Net result for the year (+€38,712) and Depreciation (+€17,028)
- Tangible fixed assets -€8,076
down €8,076 (-12.6%), from €63,938 to €55,862
of which Furniture and vehicles: -€7,934
- Reserves -€18,288
down €18,288 (-9.2%), from €199,277 to €180,989
- Other debts +€14,291
up €14,291 (+33.5%), from €42,709 to €57,000
- Accrued charges and deferred income -€9,112
down €9,112 (-96.6%), from €9,436 to €324
- Current portion of long-term debt -€3,320
down €3,320 (-100%), from €3,320 to €0
- Gross operating margin +€27,595
up €27,595 (+64.1%), from €43,083 to €70,678
- Taxes +€8,917
up €8,917 (+147%), from €6,070 to €14,987
- Depreciation -€3,455
down €3,455 (-16.9%), from €20,483 to €17,028
- Financial charges -€1,145
down €1,145 (-58.4%), from €1,961 to €816
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 | €277,187 | €264,565 | -€12,622 | -4.6% |
| Fixed assets | 21/28 | €65,938 | €57,462 | -€8,476 | -12.9% |
| Intangible fixed assets | 21 | €2,000 | €1,600 | -€400 | -20.0% |
| Tangible fixed assets | 22/27 | €63,938 | €55,862 | -€8,076 | -12.6% |
| Plant, machinery and equipment | 23 | €10,886 | €9,327 | -€1,559 | -14.3% |
| Furniture and vehicles | 24 | €21,891 | €13,957 | -€7,934 | -36.2% |
| Other tangible fixed assets | 26 | €31,161 | €32,578 | +€1,416 | +4.5% |
| Current assets | 29/58 | €211,248 | €207,103 | -€4,145 | -2.0% |
| Amounts receivable within one year | 40/41 | €44,359 | €44,966 | +€607 | +1.4% |
| Trade receivables | 40 | €38,902 | €24,933 | -€13,969 | -35.9% |
| Other amounts receivable | 41 | €5,456 | €20,032 | +€14,576 | +267% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €88,065 | €98,170 | +€10,104 | +11.5% |
| Deferred charges and accrued income | 490/1 | €28,824 | €13,968 | -€14,857 | -51.5% |
| Total equity and liabilities | 10/49 | €277,187 | €264,565 | -€12,622 | -4.6% |
| Equity | 10/15 | €205,277 | €186,989 | -€18,288 | -8.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €199,277 | €180,989 | -€18,288 | -9.2% |
| Distributable reserves | 133 | €199,277 | €180,989 | -€18,288 | -9.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €71,909 | €77,576 | +€5,666 | +7.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €62,473 | €77,252 | +€14,779 | +23.7% |
| Current portion of amounts payable after more than one year | 42 | €3,320 | €0 | -€3,320 | -100% |
| Financial debts | 43 | - | €0 | +€0 | |
| Credit institutions | 430/8 | - | €0 | +€0 | |
| Trade debts | 44 | €16,444 | €17,617 | +€1,173 | +7.1% |
| Suppliers | 440/4 | €16,444 | €17,617 | +€1,173 | +7.1% |
| Taxes, remuneration and social security | 45 | - | €2,635 | +€2,635 | |
| Taxes | 450/3 | - | €2,635 | +€2,635 | |
| Other amounts payable | 47/48 | €42,709 | €57,000 | +€14,291 | +33.5% |
| Accrued charges and deferred income | 492/3 | €9,436 | €324 | -€9,112 | -96.6% |
| Non-recurring operating income | 76A | - | €2,400 | +€2,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,483 | €17,028 | -€3,455 | -16.9% |
| Other operating charges | 640/8 | €1,069 | €854 | -€215 | -20.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €43,083 | €70,678 | +€27,595 | +64.1% |
| Operating profit (loss) | 9901 | €21,531 | €52,796 | +€31,265 | +145% |
| Financial income | 75/76B | €1,404 | €1,719 | +€315 | +22.4% |
| Recurring financial income | 75 | €1,404 | €1,719 | +€315 | +22.4% |
| Financial charges | 65/66B | €1,961 | €816 | -€1,145 | -58.4% |
| Recurring financial charges | 65 | €1,961 | €816 | -€1,145 | -58.4% |
| Profit (loss) for the period before taxes | 9903 | €20,974 | €53,699 | +€32,725 | +156% |
| Income taxes | 67/77 | €6,070 | €14,987 | +€8,917 | +147% |
| Profit (loss) for the period | 9904 | €14,904 | €38,712 | +€23,807 | +160% |
| Profit (loss) for the period to be appropriated | 9905 | €14,904 | €38,712 | +€23,807 | +160% |
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.