KINEDUC: 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.
KINEDUC
Largest movements
- Tangible fixed assets -€13,550
down €13,550 (-9.8%), from €138,861 to €125,311
of which Land and buildings: -€7,447
- Cash +€10,108
up €10,108 (+14.4%), from €70,004 to €80,112
mainly Depreciation (+€14,263) and Trade debts (+€1,449)
- Other debts -€3,579
down €3,579 (-5.4%), from €66,815 to €63,236
- Gross operating margin -€961
down €961 (-5.2%), from €18,309 to €17,348
- Depreciation -€293
down €293 (-2.0%), from €14,555 to €14,263
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 | €212,402 | €208,844 | -€3,558 | -1.7% |
| Fixed assets | 21/28 | €139,091 | €125,615 | -€13,477 | -9.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €138,861 | €125,311 | -€13,550 | -9.8% |
| Land and buildings | 22 | €117,852 | €110,405 | -€7,447 | -6.3% |
| Plant, machinery and equipment | 23 | €0 | €606 | +€606 | |
| Furniture and vehicles | 24 | €21,009 | €14,300 | -€6,709 | -31.9% |
| Financial fixed assets | 28 | €230 | €303 | +€73 | +31.7% |
| Current assets | 29/58 | €73,311 | €83,230 | +€9,919 | +13.5% |
| Amounts receivable within one year | 40/41 | €2,374 | €2,811 | +€437 | +18.4% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €2,374 | €2,811 | +€437 | +18.4% |
| Cash at bank and in hand | 54/58 | €70,004 | €80,112 | +€10,108 | +14.4% |
| Deferred charges and accrued income | 490/1 | €933 | €307 | -€626 | -67.1% |
| Total equity and liabilities | 10/49 | €212,402 | €208,844 | -€3,558 | -1.7% |
| Equity | 10/15 | €144,717 | €143,287 | -€1,429 | -1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €126,117 | €124,687 | -€1,429 | -1.1% |
| Non-distributable reserves | 130/1 | €122,818 | €122,818 | = | 0.0% |
| Reserves not available under the articles | 1311 | €122,818 | €122,818 | = | 0.0% |
| Distributable reserves | 133 | €3,299 | €1,869 | -€1,429 | -43.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €67,686 | €65,557 | -€2,128 | -3.1% |
| Amounts payable within one year | 42/48 | €67,518 | €65,389 | -€2,128 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €684 | €686 | +€1 | +0.2% |
| Trade debts | 44 | €18 | €1,468 | +€1,449 | +7924.9% |
| Suppliers | 440/4 | €18 | €1,468 | +€1,449 | +7924.9% |
| Other amounts payable | 47/48 | €66,815 | €63,236 | -€3,579 | -5.4% |
| Accrued charges and deferred income | 492/3 | €168 | €168 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,555 | €14,263 | -€293 | -2.0% |
| Other operating charges | 640/8 | €2,369 | €2,375 | +€7 | +0.3% |
| Gross operating margin | 9900 | €18,309 | €17,348 | -€961 | -5.2% |
| Operating profit (loss) | 9901 | €1,385 | €710 | -€675 | -48.7% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €624 | €629 | +€5 | +0.8% |
| Recurring financial charges | 65 | €624 | €629 | +€5 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €761 | €81 | -€680 | -89.3% |
| Income taxes | 67/77 | €1,626 | €1,511 | -€115 | -7.1% |
| Profit (loss) for the period | 9904 | -€865 | -€1,429 | -€565 | -65.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€865 | -€1,429 | -€565 | -65.3% |
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 3 October 2026 via checked.be.