KINEFIN: 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.
KINEFIN
Largest movements
- Cash +€56,643
up €56,643 (+60.0%), from €94,341 to €150,984
mainly Net result for the year (+€55,238) and Receivables within one year (+€1,245)
- Profit (loss) carried forward +€55,238
up €55,238 (+54.7%), from €101,007 to €156,245
- Gross operating margin +€6,718
up €6,718 (+9.9%), from €68,027 to €74,745
- Taxes +€2,401
up €2,401 (+14.1%), from €17,061 to €19,462
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 | €105,952 | €161,497 | +€55,546 | +52.4% |
| Fixed assets | 21/28 | - | €145 | +€145 | |
| Financial fixed assets | 28 | - | €145 | +€145 | |
| Current assets | 29/58 | €105,952 | €161,352 | +€55,401 | +52.3% |
| Amounts receivable within one year | 40/41 | €11,512 | €10,267 | -€1,245 | -10.8% |
| Trade receivables | 40 | €8,573 | €9,729 | +€1,156 | +13.5% |
| Other amounts receivable | 41 | €2,939 | €538 | -€2,401 | -81.7% |
| Cash at bank and in hand | 54/58 | €94,341 | €150,984 | +€56,643 | +60.0% |
| Deferred charges and accrued income | 490/1 | €99 | €101 | +€2 | +2.0% |
| Total equity and liabilities | 10/49 | €105,952 | €161,497 | +€55,546 | +52.4% |
| Equity | 10/15 | €103,507 | €158,745 | +€55,238 | +53.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,007 | €156,245 | +€55,238 | +54.7% |
| Amounts payable | 17/49 | €2,444 | €2,752 | +€308 | +12.6% |
| Amounts payable within one year | 42/48 | €2,444 | €2,752 | +€308 | +12.6% |
| Taxes, remuneration and social security | 45 | €2,444 | €2,752 | +€308 | +12.6% |
| Taxes | 450/3 | €2,444 | €2,752 | +€308 | +12.6% |
| Gross operating margin | 9900 | €68,027 | €74,745 | +€6,718 | +9.9% |
| Operating profit (loss) | 9901 | €68,027 | €74,745 | +€6,718 | +9.9% |
| Financial charges | 65/66B | €11 | €45 | +€34 | +315.3% |
| Recurring financial charges | 65 | €11 | €45 | +€34 | +315.3% |
| Profit (loss) for the period before taxes | 9903 | €68,016 | €74,699 | +€6,683 | +9.8% |
| Income taxes | 67/77 | €17,061 | €19,462 | +€2,401 | +14.1% |
| Profit (loss) for the period | 9904 | €50,955 | €55,238 | +€4,282 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €50,955 | €55,238 | +€4,282 | +8.4% |
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.