KINED: 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.
KINED
Largest movements
- Cash +€21,287
up €21,287 (+22.0%), from €96,835 to €118,122
mainly Other debts (+€36,584) and Net result for the year (+€18,483)
- Other debts +€36,584
up €36,584 (+1802.3%), from €2,030 to €38,614
- Profit (loss) carried forward -€18,801
down €18,801 (-35.2%), from €53,374 to €34,573
- Tax, wage and social debts +€2,512
up €2,512 (+32.8%), from €7,657 to €10,169
of which Taxes: +€2,459
- Gross operating margin +€10,001
up €10,001 (+65.1%), from €15,367 to €25,369
- Taxes +€2,459
up €2,459 (+78.9%), from €3,117 to €5,576
- Financial charges -€1,081
down €1,081 (-74.7%), from €1,447 to €365
- Staff costs +€387
new in 2025: €387
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 | €99,379 | €119,385 | +€20,007 | +20.1% |
| Fixed assets | 21/28 | €995 | €539 | -€455 | -45.8% |
| Tangible fixed assets | 22/27 | €902 | €447 | -€455 | -50.5% |
| Furniture and vehicles | 24 | €902 | €447 | -€455 | -50.5% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €98,384 | €118,846 | +€20,462 | +20.8% |
| Cash at bank and in hand | 54/58 | €96,835 | €118,122 | +€21,287 | +22.0% |
| Deferred charges and accrued income | 490/1 | €1,549 | €724 | -€825 | -53.3% |
| Total equity and liabilities | 10/49 | €99,379 | €119,385 | +€20,007 | +20.1% |
| Equity | 10/15 | €88,834 | €70,033 | -€18,801 | -21.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,860 | €16,860 | = | 0.0% |
| Distributable reserves | 133 | €16,860 | €16,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,374 | €34,573 | -€18,801 | -35.2% |
| Amounts payable | 17/49 | €10,545 | €49,352 | +€38,808 | +368.0% |
| Amounts payable within one year | 42/48 | €10,545 | €49,352 | +€38,808 | +368.0% |
| Trade debts | 44 | €857 | €569 | -€288 | -33.6% |
| Suppliers | 440/4 | €857 | €569 | -€288 | -33.6% |
| Taxes, remuneration and social security | 45 | €7,657 | €10,169 | +€2,512 | +32.8% |
| Taxes | 450/3 | €5,157 | €7,617 | +€2,459 | +47.7% |
| Remuneration and social security | 454/9 | €2,500 | €2,553 | +€53 | +2.1% |
| Other amounts payable | 47/48 | €2,030 | €38,614 | +€36,584 | +1802.3% |
| Remuneration, social security and pensions | 62 | - | €387 | +€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €455 | €455 | = | 0.0% |
| Other operating charges | 640/8 | €98 | €101 | +€3 | +3.4% |
| Gross operating margin | 9900 | €15,367 | €25,369 | +€10,001 | +65.1% |
| Operating profit (loss) | 9901 | €14,814 | €24,425 | +€9,611 | +64.9% |
| Financial charges | 65/66B | €1,447 | €365 | -€1,081 | -74.7% |
| Recurring financial charges | 65 | €1,447 | €365 | -€1,081 | -74.7% |
| Profit (loss) for the period before taxes | 9903 | €13,367 | €24,060 | +€10,692 | +80.0% |
| Income taxes | 67/77 | €3,117 | €5,576 | +€2,459 | +78.9% |
| Profit (loss) for the period | 9904 | €10,250 | €18,483 | +€8,233 | +80.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,250 | €18,483 | +€8,233 | +80.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.