Kinective: 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.
Kinective
Largest movements
- Tangible fixed assets -€11,699
down €11,699 (-11.8%), from €98,791 to €87,092
of which Furniture and vehicles: -€8,622
- Cash +€4,393
up €4,393 (+13.9%), from €31,589 to €35,983
mainly Net result for the year (+€21,051) and Depreciation (+€18,020)
- Receivables within one year +€3,446
up €3,446 (+213.1%), from €1,617 to €5,063
of which Trade receivables: +€1,862
- Reserves +€19,385
up €19,385 (+26.0%), from €74,502 to €93,888
- Other debts -€18,949
down €18,949 (-53.6%), from €35,322 to €16,372
- Debts after one year -€5,785
down €5,785 (-49.2%), from €11,768 to €5,983
- Gross operating margin +€1,688
up €1,688 (+3.6%), from €47,322 to €49,010
- Taxes +€996
up €996 (+13.2%), from €7,534 to €8,530
- Depreciation -€832
down €832 (-4.4%), from €18,852 to €18,020
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 | €134,332 | €130,464 | -€3,869 | -2.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €98,792 | €87,092 | -€11,699 | -11.8% |
| Intangible fixed assets | 21 | €1 | €0 | -€0 | -20.0% |
| Tangible fixed assets | 22/27 | €98,791 | €87,092 | -€11,699 | -11.8% |
| Plant, machinery and equipment | 23 | €14,648 | €13,025 | -€1,623 | -11.1% |
| Furniture and vehicles | 24 | €36,449 | €27,827 | -€8,622 | -23.7% |
| Other tangible fixed assets | 26 | €47,694 | €46,240 | -€1,454 | -3.0% |
| Current assets | 29/58 | €35,541 | €43,371 | +€7,830 | +22.0% |
| Amounts receivable within one year | 40/41 | €1,617 | €5,063 | +€3,446 | +213.1% |
| Trade receivables | 40 | €651 | €2,513 | +€1,862 | +286.0% |
| Other amounts receivable | 41 | €966 | €2,550 | +€1,584 | +163.9% |
| Cash at bank and in hand | 54/58 | €31,589 | €35,983 | +€4,393 | +13.9% |
| Deferred charges and accrued income | 490/1 | €2,334 | €2,325 | -€9 | -0.4% |
| Total equity and liabilities | 10/49 | €134,332 | €130,464 | -€3,869 | -2.9% |
| Equity | 10/15 | €79,502 | €98,888 | +€19,385 | +24.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €74,502 | €93,888 | +€19,385 | +26.0% |
| Distributable reserves | 133 | €74,502 | €93,888 | +€19,385 | +26.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €54,830 | €31,576 | -€23,254 | -42.4% |
| Amounts payable after more than one year | 17 | €11,768 | €5,983 | -€5,785 | -49.2% |
| Financial debts | 170/4 | €11,768 | €5,983 | -€5,785 | -49.2% |
| Amounts payable within one year | 42/48 | €43,062 | €25,593 | -€17,469 | -40.6% |
| Current portion of amounts payable after more than one year | 42 | €5,594 | €5,785 | +€191 | +3.4% |
| Trade debts | 44 | €268 | €1,250 | +€982 | +366.8% |
| Suppliers | 440/4 | €268 | €1,250 | +€982 | +366.8% |
| Taxes, remuneration and social security | 45 | €1,879 | €2,185 | +€307 | +16.3% |
| Taxes | 450/3 | €1,180 | €1,181 | +€1 | +0.1% |
| Remuneration and social security | 454/9 | €698 | €1,005 | +€306 | +43.8% |
| Other amounts payable | 47/48 | €35,322 | €16,372 | -€18,949 | -53.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,852 | €18,020 | -€832 | -4.4% |
| Other operating charges | 640/8 | €675 | €695 | +€20 | +3.0% |
| Gross operating margin | 9900 | €47,322 | €49,010 | +€1,688 | +3.6% |
| Operating profit (loss) | 9901 | €27,796 | €30,296 | +€2,500 | +9.0% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €822 | €716 | -€107 | -13.0% |
| Recurring financial charges | 65 | €822 | €716 | -€107 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €26,973 | €29,582 | +€2,608 | +9.7% |
| Income taxes | 67/77 | €7,534 | €8,530 | +€996 | +13.2% |
| Profit (loss) for the period | 9904 | €19,440 | €21,051 | +€1,612 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,440 | €21,051 | +€1,612 | +8.3% |
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 2 October 2026 via checked.be.