KINEDOL: 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.
KINEDOL
Largest movements
- Cash +€63,738
up €63,738 (+76.3%), from €83,514 to €147,252
mainly Current investments (+€50,000) and Tax, wage and social debts (+€31,207)
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Receivables within one year -€14,602
down €14,602 (-26.8%), from €54,581 to €39,979
- Tangible fixed assets -€6,905
down €6,905 (-20.6%), from €33,571 to €26,666
of which Furniture and vehicles: -€3,480
- Tax, wage and social debts +€31,207
up €31,207 (+97.2%), from €32,100 to €63,307
of which Remuneration and social security: +€25,000
- Reserves -€28,000
down €28,000 (-24.8%), from €112,860 to €84,860
- Debts after one year -€8,789
no longer reported in 2025 (was €8,789)
- Current portion of long-term debt -€3,218
down €3,218 (-27.2%), from €11,844 to €8,626
- Turnover -€80,737
down €80,737 (-26.9%), from €299,868 to €219,131
- Purchases and services -€66,288
down €66,288 (-28.4%), from €233,117 to €166,829
- Gross operating margin -€14,449
down €14,449 (-21.6%), from €66,751 to €52,302
- Taxes -€4,452
down €4,452 (-28.4%), from €15,672 to €11,220
- Depreciation +€3,563
up €3,563 (+41.6%), from €8,569 to €12,132
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 | €221,666 | €214,436 | -€7,230 | -3.3% |
| Fixed assets | 21/28 | €33,571 | €26,666 | -€6,905 | -20.6% |
| Tangible fixed assets | 22/27 | €33,571 | €26,666 | -€6,905 | -20.6% |
| Plant, machinery and equipment | 23 | €19,508 | €16,083 | -€3,425 | -17.6% |
| Furniture and vehicles | 24 | €14,063 | €10,583 | -€3,480 | -24.7% |
| Current assets | 29/58 | €188,095 | €187,770 | -€325 | -0.2% |
| Amounts receivable within one year | 40/41 | €54,581 | €39,979 | -€14,602 | -26.8% |
| Other amounts receivable | 41 | €54,581 | €39,979 | -€14,602 | -26.8% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €83,514 | €147,252 | +€63,738 | +76.3% |
| Deferred charges and accrued income | 490/1 | - | €539 | +€539 | |
| Total equity and liabilities | 10/49 | €221,666 | €214,436 | -€7,230 | -3.3% |
| Equity | 10/15 | €166,619 | €138,833 | -€27,786 | -16.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €112,860 | €84,860 | -€28,000 | -24.8% |
| Distributable reserves | 133 | €112,860 | €84,860 | -€28,000 | -24.8% |
| Profit (loss) carried forward | 14 | €35,159 | €35,373 | +€214 | +0.6% |
| Amounts payable | 17/49 | €55,047 | €75,603 | +€20,556 | +37.3% |
| Amounts payable after more than one year | 17 | €8,789 | - | -€8,789 | |
| Financial debts | 170/4 | €8,789 | - | -€8,789 | |
| Amounts payable within one year | 42/48 | €46,258 | €75,603 | +€29,345 | +63.4% |
| Current portion of amounts payable after more than one year | 42 | €11,844 | €8,626 | -€3,218 | -27.2% |
| Trade debts | 44 | €2,314 | €3,670 | +€1,356 | +58.6% |
| Suppliers | 440/4 | €2,314 | €3,670 | +€1,356 | +58.6% |
| Taxes, remuneration and social security | 45 | €32,100 | €63,307 | +€31,207 | +97.2% |
| Taxes | 450/3 | €2,100 | €8,307 | +€6,207 | +295.6% |
| Remuneration and social security | 454/9 | €30,000 | €55,000 | +€25,000 | +83.3% |
| Turnover | 70 | €299,868 | €219,131 | -€80,737 | -26.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €233,117 | €166,829 | -€66,288 | -28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,569 | €12,132 | +€3,563 | +41.6% |
| Other operating charges | 640/8 | €1,693 | €2,420 | +€727 | +42.9% |
| Gross operating margin | 9900 | €66,751 | €52,302 | -€14,449 | -21.6% |
| Operating profit (loss) | 9901 | €56,489 | €37,750 | -€18,739 | -33.2% |
| Financial income | 75/76B | €235 | €1,708 | +€1,473 | +626.8% |
| Recurring financial income | 75 | €235 | €1,708 | +€1,473 | +626.8% |
| Financial charges | 65/66B | €1,364 | €1,024 | -€340 | -24.9% |
| Recurring financial charges | 65 | €1,364 | €1,024 | -€340 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €55,360 | €38,434 | -€16,926 | -30.6% |
| Income taxes | 67/77 | €15,672 | €11,220 | -€4,452 | -28.4% |
| Profit (loss) for the period | 9904 | €39,688 | €27,214 | -€12,474 | -31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,688 | €27,214 | -€12,474 | -31.4% |
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 10 October 2026 via checked.be.