KINECORE: 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.
KINECORE
Largest movements
- Cash +€31,291
up €31,291 (+111.7%), from €28,021 to €59,312
mainly Net result for the year (+€23,783) and Investment in fixed assets (net) (+€15,698)
- Tangible fixed assets -€16,223
down €16,223 (-92.8%), from €17,475 to €1,251
of which Furniture and vehicles: -€15,732
- Receivables within one year +€9,048
up €9,048 (+181.0%), from €5,000 to €14,048
- Reserves +€23,783
up €23,783 (+162.2%), from €14,659 to €38,443
- Other debts +€866
up €866 (+2.5%), from €34,196 to €35,062
- Purchases and services -€28,235
no longer reported in 2025 (was €28,235)
- Taxes -€5,199
down €5,199, from €2,000 to -€3,199
- Depreciation -€3,966
down €3,966 (-88.3%), from €4,492 to €525
- Gross operating margin +€2,945
up €2,945 (+13.5%), from €21,855 to €24,799
- Other operating charges +€961
new in 2025: €961
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 | €51,196 | €75,505 | +€24,309 | +47.5% |
| Fixed assets | 21/28 | €18,175 | €1,951 | -€16,223 | -89.3% |
| Tangible fixed assets | 22/27 | €17,475 | €1,251 | -€16,223 | -92.8% |
| Plant, machinery and equipment | 23 | €1,475 | €983 | -€492 | -33.3% |
| Furniture and vehicles | 24 | €16,000 | €268 | -€15,732 | -98.3% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €33,021 | €73,554 | +€40,532 | +122.7% |
| Amounts receivable within one year | 40/41 | €5,000 | €14,048 | +€9,048 | +181.0% |
| Other amounts receivable | 41 | €5,000 | €14,048 | +€9,048 | +181.0% |
| Cash at bank and in hand | 54/58 | €28,021 | €59,312 | +€31,291 | +111.7% |
| Deferred charges and accrued income | 490/1 | - | €194 | +€194 | |
| Total equity and liabilities | 10/49 | €51,196 | €75,505 | +€24,309 | +47.5% |
| Equity | 10/15 | €16,659 | €40,443 | +€23,783 | +142.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €14,659 | €38,443 | +€23,783 | +162.2% |
| Distributable reserves | 133 | €14,659 | €38,443 | +€23,783 | +162.2% |
| Amounts payable | 17/49 | €34,537 | €35,062 | +€526 | +1.5% |
| Amounts payable within one year | 42/48 | €34,537 | €35,062 | +€526 | +1.5% |
| Taxes, remuneration and social security | 45 | €341 | - | -€341 | |
| Taxes | 450/3 | €341 | - | -€341 | |
| Other amounts payable | 47/48 | €34,196 | €35,062 | +€866 | +2.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €28,235 | - | -€28,235 | |
| Remuneration, social security and pensions | 62 | €674 | €569 | -€105 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,492 | €525 | -€3,966 | -88.3% |
| Other operating charges | 640/8 | - | €961 | +€961 | |
| Non-recurring operating charges | 66A | - | €2,000 | +€2,000 | |
| Gross operating margin | 9900 | €21,855 | €24,799 | +€2,945 | +13.5% |
| Operating profit (loss) | 9901 | €16,689 | €20,744 | +€4,054 | +24.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €31 | €159 | +€128 | +418.4% |
| Recurring financial charges | 65 | €31 | €159 | +€128 | +418.4% |
| Profit (loss) for the period before taxes | 9903 | €16,659 | €20,584 | +€3,925 | +23.6% |
| Income taxes | 67/77 | €2,000 | -€3,199 | -€5,199 | |
| Profit (loss) for the period | 9904 | €14,659 | €23,783 | +€9,124 | +62.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,659 | €23,783 | +€9,124 | +62.2% |
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 6 October 2026 via checked.be.