Kinedo: 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.
Kinedo
Largest movements
- Cash +€58,064
up €58,064 (+134%), from €43,310 to €101,374
mainly Net result for the year (+€55,506) and Tax, wage and social debts (+€7,290)
- Receivables within one year -€2,596
down €2,596 (-53.2%), from €4,875 to €2,279
of which Trade receivables: -€4,875
- Deferred charges and accrued income +€1,263
up €1,263 (+22.0%), from €5,744 to €7,006
- Reserves +€55,506
up €55,506 (+164%), from €33,745 to €89,251
- Tax, wage and social debts +€7,290
up €7,290 (+63.9%), from €11,405 to €18,695
- Other debts -€4,676
no longer reported in 2025 (was €4,676)
- Trade debts -€1,389
down €1,389 (-66.1%), from €2,102 to €713
- Gross operating margin +€29,024
up €29,024 (+63.3%), from €45,848 to €74,873
- Taxes +€7,290
up €7,290 (+63.9%), from €11,405 to €18,695
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 | €53,928 | €110,659 | +€56,731 | +105% |
| Current assets | 29/58 | €53,928 | €110,659 | +€56,731 | +105% |
| Amounts receivable within one year | 40/41 | €4,875 | €2,279 | -€2,596 | -53.2% |
| Trade receivables | 40 | €4,875 | - | -€4,875 | |
| Other amounts receivable | 41 | - | €2,279 | +€2,279 | |
| Cash at bank and in hand | 54/58 | €43,310 | €101,374 | +€58,064 | +134% |
| Deferred charges and accrued income | 490/1 | €5,744 | €7,006 | +€1,263 | +22.0% |
| Total equity and liabilities | 10/49 | €53,928 | €110,659 | +€56,731 | +105% |
| Equity | 10/15 | €35,745 | €91,251 | +€55,506 | +155% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €33,745 | €89,251 | +€55,506 | +164% |
| Distributable reserves | 133 | €33,745 | €89,251 | +€55,506 | +164% |
| Amounts payable | 17/49 | €18,184 | €19,408 | +€1,224 | +6.7% |
| Amounts payable within one year | 42/48 | €18,184 | €19,408 | +€1,224 | +6.7% |
| Trade debts | 44 | €2,102 | €713 | -€1,389 | -66.1% |
| Suppliers | 440/4 | €2,102 | €713 | -€1,389 | -66.1% |
| Taxes, remuneration and social security | 45 | €11,405 | €18,695 | +€7,290 | +63.9% |
| Taxes | 450/3 | €11,405 | €18,695 | +€7,290 | +63.9% |
| Other amounts payable | 47/48 | €4,676 | - | -€4,676 | |
| Other operating charges | 640/8 | €698 | €640 | -€58 | -8.3% |
| Gross operating margin | 9900 | €45,848 | €74,873 | +€29,024 | +63.3% |
| Operating profit (loss) | 9901 | €45,150 | €74,233 | +€29,083 | +64.4% |
| Financial charges | 65/66B | - | €31 | +€31 | |
| Recurring financial charges | 65 | - | €31 | +€31 | |
| Profit (loss) for the period before taxes | 9903 | €45,150 | €74,202 | +€29,051 | +64.3% |
| Income taxes | 67/77 | €11,405 | €18,695 | +€7,290 | +63.9% |
| Profit (loss) for the period | 9904 | €33,745 | €55,506 | +€21,762 | +64.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,745 | €55,506 | +€21,762 | +64.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.