KINEDEB: 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.
KINEDEB
Largest movements
- Cash +€61,823
up €61,823 (+156.1%), from €39,601 to €101,424
mainly Net result for the year (+€51,259) and Tax, wage and social debts (+€5,140)
- Deferred charges and accrued income -€4,758
down €4,758 (-62.6%), from €7,601 to €2,843
- Tangible fixed assets -€3,178
down €3,178 (-32.0%), from €9,932 to €6,753
of which Plant, machinery and equipment: -€2,845
- Receivables within one year -€1,540
down €1,540 (-36.8%), from €4,183 to €2,643
of which Trade receivables: -€1,540
- Reserves +€51,259
up €51,259 (+153.7%), from €33,350 to €84,609
- Tax, wage and social debts +€5,140
up €5,140 (+139.1%), from €3,697 to €8,837
- Trade debts -€3,326
down €3,326 (-81.3%), from €4,091 to €765
- Accrued charges and deferred income -€1,211
down €1,211 (-100.0%), from €1,211 to €0
- Gross operating margin +€25,266
up €25,266 (+53.5%), from €47,189 to €72,455
- Taxes +€6,254
up €6,254 (+54.0%), from €11,583 to €17,837
- Depreciation +€1,419
up €1,419 (+80.6%), from €1,760 to €3,178
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 | €61,316 | €113,663 | +€52,347 | +85.4% |
| Fixed assets | 21/28 | €9,932 | €6,753 | -€3,178 | -32.0% |
| Tangible fixed assets | 22/27 | €9,932 | €6,753 | -€3,178 | -32.0% |
| Plant, machinery and equipment | 23 | €9,198 | €6,353 | -€2,845 | -30.9% |
| Furniture and vehicles | 24 | €733 | €400 | -€333 | -45.5% |
| Current assets | 29/58 | €51,385 | €106,910 | +€55,525 | +108.1% |
| Amounts receivable within one year | 40/41 | €4,183 | €2,643 | -€1,540 | -36.8% |
| Trade receivables | 40 | €3,751 | €2,210 | -€1,540 | -41.1% |
| Other amounts receivable | 41 | €432 | €432 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €39,601 | €101,424 | +€61,823 | +156.1% |
| Deferred charges and accrued income | 490/1 | €7,601 | €2,843 | -€4,758 | -62.6% |
| Total equity and liabilities | 10/49 | €61,316 | €113,663 | +€52,347 | +85.4% |
| Equity | 10/15 | €36,850 | €88,109 | +€51,259 | +139.1% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €33,350 | €84,609 | +€51,259 | +153.7% |
| Distributable reserves | 133 | €33,350 | €84,609 | +€51,259 | +153.7% |
| Amounts payable | 17/49 | €24,467 | €25,555 | +€1,088 | +4.4% |
| Amounts payable within one year | 42/48 | €23,255 | €25,555 | +€2,300 | +9.9% |
| Trade debts | 44 | €4,091 | €765 | -€3,326 | -81.3% |
| Suppliers | 440/4 | €4,091 | €765 | -€3,326 | -81.3% |
| Taxes, remuneration and social security | 45 | €3,697 | €8,837 | +€5,140 | +139.1% |
| Taxes | 450/3 | €3,697 | €8,837 | +€5,140 | +139.1% |
| Other amounts payable | 47/48 | €15,467 | €15,952 | +€485 | +3.1% |
| Accrued charges and deferred income | 492/3 | €1,211 | €0 | -€1,211 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,760 | €3,178 | +€1,419 | +80.6% |
| Other operating charges | 640/8 | €513 | €128 | -€385 | -75.1% |
| Gross operating margin | 9900 | €47,189 | €72,455 | +€25,266 | +53.5% |
| Operating profit (loss) | 9901 | €44,916 | €69,149 | +€24,233 | +54.0% |
| Financial income | 75/76B | €61 | €1 | -€60 | -98.4% |
| Recurring financial income | 75 | €61 | €1 | -€60 | -98.4% |
| Financial charges | 65/66B | €44 | €54 | +€10 | +21.4% |
| Recurring financial charges | 65 | €44 | €54 | +€10 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €44,933 | €69,096 | +€24,163 | +53.8% |
| Income taxes | 67/77 | €11,583 | €17,837 | +€6,254 | +54.0% |
| Profit (loss) for the period | 9904 | €33,350 | €51,259 | +€17,909 | +53.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,350 | €51,259 | +€17,909 | +53.7% |
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.