KINECORNER ANTWERPEN: 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.
KINECORNER ANTWERPEN
Largest movements
- Receivables within one year +€11,307
up €11,307 (+42.5%), from €26,598 to €37,905
of which Other amounts receivable: +€7,599
- Cash +€9,946
up €9,946 (+42.4%), from €23,433 to €33,379
mainly Net result for the year (+€25,766) and Depreciation (+€7,047)
- Tangible fixed assets -€7,047
down €7,047 (-51.5%), from €13,675 to €6,628
of which Furniture and vehicles: -€5,775
- Deferred charges and accrued income +€3,827
new in 2025: €3,827
- Profit (loss) carried forward +€25,766
up €25,766 (+60.4%), from €42,673 to €68,438
- Current portion of long-term debt -€4,671
down €4,671 (-68.7%), from €6,799 to €2,128
- Tax, wage and social debts -€2,976
down €2,976 (-73.1%), from €4,072 to €1,097
of which Remuneration and social security: -€1,750
- Debts after one year -€2,128
down €2,128 (-38.6%), from €5,515 to €3,387
- Accrued charges and deferred income +€1,951
new in 2025: €1,951
- Gross operating margin -€18,560
down €18,560 (-29.8%), from €62,252 to €43,692
- Taxes -€3,845
down €3,845 (-31.7%), from €12,122 to €8,278
- Depreciation +€2,537
up €2,537 (+56.2%), from €4,510 to €7,047
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 | €63,705 | €81,739 | +€18,034 | +28.3% |
| Fixed assets | 21/28 | €13,675 | €6,628 | -€7,047 | -51.5% |
| Tangible fixed assets | 22/27 | €13,675 | €6,628 | -€7,047 | -51.5% |
| Plant, machinery and equipment | 23 | €2,904 | €1,633 | -€1,272 | -43.8% |
| Furniture and vehicles | 24 | €10,770 | €4,995 | -€5,775 | -53.6% |
| Current assets | 29/58 | €50,031 | €75,111 | +€25,080 | +50.1% |
| Amounts receivable within one year | 40/41 | €26,598 | €37,905 | +€11,307 | +42.5% |
| Trade receivables | 40 | €22,020 | €25,727 | +€3,707 | +16.8% |
| Other amounts receivable | 41 | €4,578 | €12,178 | +€7,599 | +166% |
| Cash at bank and in hand | 54/58 | €23,433 | €33,379 | +€9,946 | +42.4% |
| Deferred charges and accrued income | 490/1 | - | €3,827 | +€3,827 | |
| Total equity and liabilities | 10/49 | €63,705 | €81,739 | +€18,034 | +28.3% |
| Equity | 10/15 | €43,673 | €69,438 | +€25,766 | +59.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,673 | €68,438 | +€25,766 | +60.4% |
| Amounts payable | 17/49 | €20,033 | €12,300 | -€7,732 | -38.6% |
| Amounts payable after more than one year | 17 | €5,515 | €3,387 | -€2,128 | -38.6% |
| Financial debts | 170/4 | €5,515 | €3,387 | -€2,128 | -38.6% |
| Amounts payable within one year | 42/48 | €14,518 | €6,962 | -€7,555 | -52.0% |
| Current portion of amounts payable after more than one year | 42 | €6,799 | €2,128 | -€4,671 | -68.7% |
| Financial debts | 43 | €2,862 | €3,707 | +€845 | +29.5% |
| Credit institutions | 430/8 | €2,862 | €3,707 | +€845 | +29.5% |
| Trade debts | 44 | €784 | €31 | -€753 | -96.1% |
| Suppliers | 440/4 | €784 | €31 | -€753 | -96.1% |
| Taxes, remuneration and social security | 45 | €4,072 | €1,097 | -€2,976 | -73.1% |
| Taxes | 450/3 | €2,322 | €1,097 | -€1,226 | -52.8% |
| Remuneration and social security | 454/9 | €1,750 | €0 | -€1,750 | -100% |
| Accrued charges and deferred income | 492/3 | - | €1,951 | +€1,951 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,510 | €7,047 | +€2,537 | +56.2% |
| Other operating charges | 640/8 | €2,066 | €2,246 | +€181 | +8.8% |
| Gross operating margin | 9900 | €62,252 | €43,692 | -€18,560 | -29.8% |
| Operating profit (loss) | 9901 | €55,676 | €34,399 | -€21,277 | -38.2% |
| Financial income | 75/76B | €141 | €532 | +€392 | +279% |
| Recurring financial income | 75 | €141 | €532 | +€392 | +279% |
| Financial charges | 65/66B | €1,022 | €888 | -€134 | -13.1% |
| Recurring financial charges | 65 | €1,022 | €888 | -€134 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €54,795 | €34,044 | -€20,751 | -37.9% |
| Income taxes | 67/77 | €12,122 | €8,278 | -€3,845 | -31.7% |
| Profit (loss) for the period | 9904 | €42,673 | €25,766 | -€16,907 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,673 | €25,766 | -€16,907 | -39.6% |
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 26 October 2026 via checked.be.