KINEDIA: 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.
KINEDIA
Largest movements
- Receivables within one year -€16,964
down €16,964 (-71.5%), from €23,722 to €6,758
of which Trade receivables: -€14,731
- Tangible fixed assets -€12,030
down €12,030 (-12.9%), from €93,485 to €81,455
of which Land and buildings: -€13,796
- Cash +€5,108
up €5,108 (+57.7%), from €8,851 to €13,958
- Debts after one year -€10,551
down €10,551 (-44.9%), from €23,476 to €12,925
- Trade debts -€7,376
down €7,376 (-63.8%), from €11,570 to €4,194
- Other debts -€2,701
down €2,701 (-17.3%), from €15,616 to €12,915
- Current portion of long-term debt -€2,033
down €2,033 (-17.3%), from €11,771 to €9,738
- Short-term financial debts -€2,000
no longer reported in 2025 (was €2,000)
- Gross operating margin +€13,802
up €13,802 (+125%), from €11,067 to €24,869
- Depreciation +€1,307
up €1,307 (+7.6%), from €17,151 to €18,458
- Other operating charges +€467
up €467 (+18.9%), from €2,470 to €2,937
- Taxes +€433
up €433 (+259%), from €167 to €600
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,524 | €104,893 | -€23,631 | -18.4% |
| Fixed assets | 21/28 | €93,485 | €81,455 | -€12,030 | -12.9% |
| Tangible fixed assets | 22/27 | €93,485 | €81,455 | -€12,030 | -12.9% |
| Land and buildings | 22 | €89,243 | €75,447 | -€13,796 | -15.5% |
| Plant, machinery and equipment | 23 | €1,994 | €1,046 | -€948 | -47.5% |
| Furniture and vehicles | 24 | €2,248 | €4,962 | +€2,714 | +121% |
| Current assets | 29/58 | €35,039 | €23,438 | -€11,601 | -33.1% |
| Amounts receivable within one year | 40/41 | €23,722 | €6,758 | -€16,964 | -71.5% |
| Trade receivables | 40 | €21,489 | €6,758 | -€14,731 | -68.6% |
| Other amounts receivable | 41 | €2,233 | - | -€2,233 | |
| Cash at bank and in hand | 54/58 | €8,851 | €13,958 | +€5,108 | +57.7% |
| Deferred charges and accrued income | 490/1 | €2,467 | €2,722 | +€255 | +10.3% |
| Total equity and liabilities | 10/49 | €128,524 | €104,893 | -€23,631 | -18.4% |
| Equity | 10/15 | €63,691 | €64,520 | +€830 | +1.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €55,965 | €55,965 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €54,106 | €54,106 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,866 | -€10,036 | +€830 | +7.6% |
| Amounts payable | 17/49 | €64,833 | €40,372 | -€24,461 | -37.7% |
| Amounts payable after more than one year | 17 | €23,476 | €12,925 | -€10,551 | -44.9% |
| Financial debts | 170/4 | €23,476 | €12,925 | -€10,551 | -44.9% |
| Amounts payable within one year | 42/48 | €40,957 | €27,447 | -€13,510 | -33.0% |
| Current portion of amounts payable after more than one year | 42 | €11,771 | €9,738 | -€2,033 | -17.3% |
| Financial debts | 43 | €2,000 | - | -€2,000 | |
| Credit institutions | 430/8 | €2,000 | - | -€2,000 | |
| Trade debts | 44 | €11,570 | €4,194 | -€7,376 | -63.8% |
| Suppliers | 440/4 | €11,570 | €4,194 | -€7,376 | -63.8% |
| Taxes, remuneration and social security | 45 | - | €600 | +€600 | |
| Taxes | 450/3 | - | €600 | +€600 | |
| Other amounts payable | 47/48 | €15,616 | €12,915 | -€2,701 | -17.3% |
| Accrued charges and deferred income | 492/3 | €400 | - | -€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,151 | €18,458 | +€1,307 | +7.6% |
| Other operating charges | 640/8 | €2,470 | €2,937 | +€467 | +18.9% |
| Gross operating margin | 9900 | €11,067 | €24,869 | +€13,802 | +125% |
| Operating profit (loss) | 9901 | -€8,553 | €3,474 | +€12,028 | |
| Financial charges | 65/66B | €2,145 | €2,045 | -€101 | -4.7% |
| Recurring financial charges | 65 | €2,145 | €2,045 | -€101 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,699 | €1,430 | +€12,129 | |
| Income taxes | 67/77 | €167 | €600 | +€433 | +259% |
| Profit (loss) for the period | 9904 | -€10,866 | €830 | +€11,696 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,866 | €830 | +€11,696 |
Source: filed annual accounts (NBB), financial years ended 30 September 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.