KINECURE: 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.
KINECURE
Largest movements
- Receivables within one year +€6,085
up €6,085 (+25.0%), from €24,389 to €30,474
of which Trade receivables: +€6,000
- Current investments +€5,853
up €5,853 (+26.7%), from €21,960 to €27,813
- Tangible fixed assets -€4,781
down €4,781 (-14.2%), from €33,660 to €28,878
of which Land and buildings: -€4,428
- Cash +€1,497
up €1,497 (+36.2%), from €4,133 to €5,630
mainly Other debts (+€17,095) and Depreciation (+€4,781)
- Other debts +€17,095
up €17,095 (+60.0%), from €28,515 to €45,610
- Debts after one year -€10,486
down €10,486 (-92.2%), from €11,370 to €884
- Profit (loss) carried forward +€2,806
up €2,806 (+33.3%), from -€8,436 to -€5,630
- Gross operating margin +€10,345
up €10,345, from -€2,801 to €7,544
- Financial income +€293
up €293 (+47.2%), from €621 to €915
- Other operating charges -€236
down €236 (-48.7%), from €485 to €249
- Depreciation -€234
down €234 (-4.7%), from €5,016 to €4,781
- Financial charges -€132
down €132 (-17.5%), from €755 to €623
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 | €84,230 | €92,887 | +€8,657 | +10.3% |
| Fixed assets | 21/28 | €33,660 | €28,878 | -€4,781 | -14.2% |
| Tangible fixed assets | 22/27 | €33,660 | €28,878 | -€4,781 | -14.2% |
| Land and buildings | 22 | €31,262 | €26,834 | -€4,428 | -14.2% |
| Plant, machinery and equipment | 23 | €899 | €788 | -€111 | -12.4% |
| Other tangible fixed assets | 26 | €1,499 | €1,257 | -€242 | -16.2% |
| Current assets | 29/58 | €50,570 | €64,008 | +€13,438 | +26.6% |
| Amounts receivable within one year | 40/41 | €24,389 | €30,474 | +€6,085 | +25.0% |
| Trade receivables | 40 | €24,200 | €30,200 | +€6,000 | +24.8% |
| Other amounts receivable | 41 | €189 | €274 | +€85 | +45.1% |
| Current investments | 50/53 | €21,960 | €27,813 | +€5,853 | +26.7% |
| Cash at bank and in hand | 54/58 | €4,133 | €5,630 | +€1,497 | +36.2% |
| Deferred charges and accrued income | 490/1 | €89 | €91 | +€2 | +2.7% |
| Total equity and liabilities | 10/49 | €84,230 | €92,887 | +€8,657 | +10.3% |
| Equity | 10/15 | €31,537 | €34,342 | +€2,806 | +8.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €19,972 | €19,972 | = | 0.0% |
| Distributable reserves | 133 | €19,972 | €19,972 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,436 | -€5,630 | +€2,806 | +33.3% |
| Amounts payable | 17/49 | €52,694 | €58,544 | +€5,851 | +11.1% |
| Amounts payable after more than one year | 17 | €11,370 | €884 | -€10,486 | -92.2% |
| Financial debts | 170/4 | €11,370 | €884 | -€10,486 | -92.2% |
| Amounts payable within one year | 42/48 | €41,324 | €57,661 | +€16,337 | +39.5% |
| Current portion of amounts payable after more than one year | 42 | €10,271 | €10,486 | +€215 | +2.1% |
| Trade debts | 44 | €364 | €311 | -€53 | -14.6% |
| Suppliers | 440/4 | €364 | €311 | -€53 | -14.6% |
| Taxes, remuneration and social security | 45 | €2,174 | €1,254 | -€920 | -42.3% |
| Taxes | 450/3 | €1,224 | €1,254 | +€30 | +2.5% |
| Remuneration and social security | 454/9 | €950 | €0 | -€950 | -100% |
| Other amounts payable | 47/48 | €28,515 | €45,610 | +€17,095 | +60.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,016 | €4,781 | -€234 | -4.7% |
| Other operating charges | 640/8 | €485 | €249 | -€236 | -48.7% |
| Gross operating margin | 9900 | -€2,801 | €7,544 | +€10,345 | |
| Operating profit (loss) | 9901 | -€8,302 | €2,514 | +€10,816 | |
| Financial income | 75/76B | €621 | €915 | +€293 | +47.2% |
| Recurring financial income | 75 | €621 | €915 | +€293 | +47.2% |
| Financial charges | 65/66B | €755 | €623 | -€132 | -17.5% |
| Recurring financial charges | 65 | €755 | €623 | -€132 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,436 | €2,806 | +€11,241 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€8,436 | €2,806 | +€11,241 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,436 | €2,806 | +€11,241 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.