KineCor: 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.
KineCor
Largest movements
- Cash +€24,134
up €24,134 (+32.6%), from €73,957 to €98,090
mainly Net result for the year (+€21,215) and Depreciation (+€3,363)
- Receivables within one year -€2,326
down €2,326 (-74.3%), from €3,131 to €804
- Reserves +€19,549
up €19,549 (+72.1%), from €27,122 to €46,671
- Tax, wage and social debts -€3,272
down €3,272 (-71.9%), from €4,550 to €1,278
of which Taxes: -€3,231
- Short-term financial debts +€2,484
up €2,484 (+73.5%), from €3,380 to €5,864
- Trade debts +€2,205
up €2,205 (+111.6%), from €1,976 to €4,181
- Other debts +€1,083
up €1,083 (+33.2%), from €3,266 to €4,349
- Gross operating margin -€11,737
down €11,737 (-17.3%), from €67,755 to €56,018
- Taxes -€4,036
down €4,036 (-30.5%), from €13,231 to €9,196
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 | €84,600 | €106,649 | +€22,049 | +26.1% |
| Fixed assets | 21/28 | €6,843 | €7,251 | +€408 | +6.0% |
| Tangible fixed assets | 22/27 | €6,843 | €7,251 | +€408 | +6.0% |
| Plant, machinery and equipment | 23 | €6,399 | €7,123 | +€724 | +11.3% |
| Other tangible fixed assets | 26 | €444 | €127 | -€316 | -71.3% |
| Current assets | 29/58 | €77,757 | €99,398 | +€21,641 | +27.8% |
| Amounts receivable within one year | 40/41 | €3,131 | €804 | -€2,326 | -74.3% |
| Other amounts receivable | 41 | €3,131 | €804 | -€2,326 | -74.3% |
| Cash at bank and in hand | 54/58 | €73,957 | €98,090 | +€24,134 | +32.6% |
| Deferred charges and accrued income | 490/1 | €670 | €504 | -€166 | -24.8% |
| Total equity and liabilities | 10/49 | €84,600 | €106,649 | +€22,049 | +26.1% |
| Equity | 10/15 | €71,428 | €90,977 | +€19,549 | +27.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €27,122 | €46,671 | +€19,549 | +72.1% |
| Distributable reserves | 133 | €27,122 | €46,671 | +€19,549 | +72.1% |
| Profit (loss) carried forward | 14 | €34,306 | €34,306 | -€0 | 0.0% |
| Amounts payable | 17/49 | €13,172 | €15,672 | +€2,500 | +19.0% |
| Amounts payable within one year | 42/48 | €13,172 | €15,672 | +€2,500 | +19.0% |
| Financial debts | 43 | €3,380 | €5,864 | +€2,484 | +73.5% |
| Credit institutions | 430/8 | €3,380 | €5,864 | +€2,484 | +73.5% |
| Trade debts | 44 | €1,976 | €4,181 | +€2,205 | +111.6% |
| Suppliers | 440/4 | €1,976 | €4,181 | +€2,205 | +111.6% |
| Taxes, remuneration and social security | 45 | €4,550 | €1,278 | -€3,272 | -71.9% |
| Taxes | 450/3 | €3,231 | - | -€3,231 | |
| Remuneration and social security | 454/9 | €1,318 | €1,278 | -€41 | -3.1% |
| Other amounts payable | 47/48 | €3,266 | €4,349 | +€1,083 | +33.2% |
| Remuneration, social security and pensions | 62 | €20,827 | €20,711 | -€116 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,527 | €3,363 | -€163 | -4.6% |
| Other operating charges | 640/8 | €1,106 | €1,342 | +€236 | +21.4% |
| Gross operating margin | 9900 | €67,755 | €56,018 | -€11,737 | -17.3% |
| Operating profit (loss) | 9901 | €42,297 | €30,603 | -€11,694 | -27.6% |
| Financial income | 75/76B | €0 | €2 | +€2 | +12300.0% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +12300.0% |
| Financial charges | 65/66B | €277 | €195 | -€83 | -29.8% |
| Recurring financial charges | 65 | €277 | €195 | -€83 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €42,019 | €30,411 | -€11,609 | -27.6% |
| Income taxes | 67/77 | €13,231 | €9,196 | -€4,036 | -30.5% |
| Profit (loss) for the period | 9904 | €28,788 | €21,215 | -€7,573 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,788 | €21,215 | -€7,573 | -26.3% |
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 3 October 2026 via checked.be.