KineCorde: 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.
KineCorde
Largest movements
- Tangible fixed assets +€37,485
up €37,485 (+1,376%), from €2,724 to €40,209
- Cash +€14,680
up €14,680 (+66.4%), from €22,098 to €36,778
mainly Net result for the year (+€24,914) and Debts after one year (+€22,051)
- Deferred charges and accrued income +€2,861
up €2,861 (+1,725%), from €166 to €3,027
- Receivables within one year +€1,278
up €1,278 (+22.6%), from €5,657 to €6,935
- Profit (loss) carried forward +€24,914
up €24,914 (+132%), from €18,925 to €43,839
- Debts after one year +€22,051
new in 2025: €22,051
- Current portion of long-term debt +€6,174
new in 2025: €6,174
- Tax, wage and social debts +€2,730
up €2,730 (+54.3%), from €5,025 to €7,755
of which Taxes: +€2,730
- Gross operating margin +€14,807
up €14,807 (+61.4%), from €24,102 to €38,910
- Depreciation +€6,222
up €6,222 (+4,177%), from €149 to €6,371
- Taxes +€1,805
up €1,805 (+35.9%), from €5,025 to €6,830
- Financial charges +€802
up €802 (+21,384%), from €4 to €806
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 | €30,645 | €86,950 | +€56,305 | +184% |
| Fixed assets | 21/28 | €2,724 | €40,209 | +€37,485 | +1,376% |
| Tangible fixed assets | 22/27 | €2,724 | €40,209 | +€37,485 | +1,376% |
| Furniture and vehicles | 24 | €2,724 | €40,209 | +€37,485 | +1,376% |
| Current assets | 29/58 | €27,921 | €46,740 | +€18,819 | +67.4% |
| Amounts receivable within one year | 40/41 | €5,657 | €6,935 | +€1,278 | +22.6% |
| Trade receivables | 40 | €5,657 | €6,935 | +€1,278 | +22.6% |
| Cash at bank and in hand | 54/58 | €22,098 | €36,778 | +€14,680 | +66.4% |
| Deferred charges and accrued income | 490/1 | €166 | €3,027 | +€2,861 | +1,725% |
| Total equity and liabilities | 10/49 | €30,645 | €86,950 | +€56,305 | +184% |
| Equity | 10/15 | €21,325 | €46,239 | +€24,914 | +117% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,925 | €43,839 | +€24,914 | +132% |
| Amounts payable | 17/49 | €9,320 | €40,711 | +€31,391 | +337% |
| Amounts payable after more than one year | 17 | - | €22,051 | +€22,051 | |
| Financial debts | 170/4 | - | €22,051 | +€22,051 | |
| Amounts payable within one year | 42/48 | €9,320 | €18,660 | +€9,340 | +100% |
| Current portion of amounts payable after more than one year | 42 | - | €6,174 | +€6,174 | |
| Trade debts | 44 | €660 | €269 | -€391 | -59.2% |
| Suppliers | 440/4 | €660 | €269 | -€391 | -59.2% |
| Taxes, remuneration and social security | 45 | €5,025 | €7,755 | +€2,730 | +54.3% |
| Taxes | 450/3 | €5,025 | €7,755 | +€2,730 | +54.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,635 | €4,462 | +€827 | +22.8% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149 | €6,371 | +€6,222 | +4,177% |
| Gross operating margin | 9900 | €24,102 | €38,910 | +€14,807 | +61.4% |
| Operating profit (loss) | 9901 | €23,953 | €32,539 | +€8,586 | +35.8% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €4 | €806 | +€802 | +21,384% |
| Recurring financial charges | 65 | €4 | €806 | +€802 | +21,384% |
| Profit (loss) for the period before taxes | 9903 | €23,950 | €31,744 | +€7,794 | +32.5% |
| Income taxes | 67/77 | €5,025 | €6,830 | +€1,805 | +35.9% |
| Profit (loss) for the period | 9904 | €18,925 | €24,914 | +€5,989 | +31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,925 | €24,914 | +€5,989 | +31.6% |
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 24 October 2026 via checked.be.