Kinefocus: 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.
Kinefocus
Largest movements
- Tangible fixed assets +€40,760
up €40,760 (+49.1%), from €83,021 to €123,781
- Deferred charges and accrued income -€3,145
no longer reported in 2025 (was €3,145)
- Cash -€2,778
down €2,778 (-4.3%), from €64,944 to €62,166
mainly Investment in fixed assets (net) (-€45,916) and Contributions, distributions and other (-€30,000)
- Debts after one year +€19,712
up €19,712 (+26.1%), from €75,481 to €95,193
- Other debts +€15,636
up €15,636 (+84.4%), from €18,531 to €34,167
- Current portion of long-term debt +€7,248
up €7,248 (+238.4%), from €3,040 to €10,288
- Reserves -€4,718
down €4,718 (-14.1%), from €33,477 to €28,759
- Gross operating margin +€3,385
up €3,385 (+8.7%), from €39,126 to €42,510
- Depreciation +€2,445
up €2,445 (+90.2%), from €2,711 to €5,156
- Financial charges +€1,290
up €1,290 (+45.4%), from €2,839 to €4,129
- Taxes -€524
down €524 (-7.2%), from €7,294 to €6,769
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 | €151,816 | €187,355 | +€35,539 | +23.4% |
| Fixed assets | 21/28 | €83,021 | €123,781 | +€40,760 | +49.1% |
| Tangible fixed assets | 22/27 | €83,021 | €123,781 | +€40,760 | +49.1% |
| Land and buildings | 22 | €77,788 | €93,907 | +€16,118 | +20.7% |
| Plant, machinery and equipment | 23 | - | €14,115 | +€14,115 | |
| Furniture and vehicles | 24 | €5,233 | €15,759 | +€10,526 | +201.2% |
| Current assets | 29/58 | €68,795 | €63,574 | -€5,221 | -7.6% |
| Amounts receivable within one year | 40/41 | €706 | €1,408 | +€702 | +99.4% |
| Trade receivables | 40 | - | €678 | +€678 | |
| Other amounts receivable | 41 | €706 | €731 | +€24 | +3.4% |
| Cash at bank and in hand | 54/58 | €64,944 | €62,166 | -€2,778 | -4.3% |
| Deferred charges and accrued income | 490/1 | €3,145 | - | -€3,145 | |
| Total equity and liabilities | 10/49 | €151,816 | €187,355 | +€35,539 | +23.4% |
| Equity | 10/15 | €52,077 | €47,359 | -€4,718 | -9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,477 | €28,759 | -€4,718 | -14.1% |
| Distributable reserves | 133 | €33,477 | €28,759 | -€4,718 | -14.1% |
| Amounts payable | 17/49 | €99,739 | €139,995 | +€40,257 | +40.4% |
| Amounts payable after more than one year | 17 | €75,481 | €95,193 | +€19,712 | +26.1% |
| Financial debts | 170/4 | €75,481 | €95,193 | +€19,712 | +26.1% |
| Amounts payable within one year | 42/48 | €23,047 | €44,802 | +€21,756 | +94.4% |
| Current portion of amounts payable after more than one year | 42 | €3,040 | €10,288 | +€7,248 | +238.4% |
| Trade debts | 44 | €397 | €276 | -€121 | -30.4% |
| Suppliers | 440/4 | €397 | €276 | -€121 | -30.4% |
| Taxes, remuneration and social security | 45 | €1,078 | €71 | -€1,007 | -93.4% |
| Taxes | 450/3 | €78 | €71 | -€7 | -9.2% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €18,531 | €34,167 | +€15,636 | +84.4% |
| Accrued charges and deferred income | 492/3 | €1,211 | - | -€1,211 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,711 | €5,156 | +€2,445 | +90.2% |
| Other operating charges | 640/8 | €1,436 | €1,174 | -€262 | -18.3% |
| Gross operating margin | 9900 | €39,126 | €42,510 | +€3,385 | +8.7% |
| Operating profit (loss) | 9901 | €34,978 | €36,180 | +€1,202 | +3.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,839 | €4,129 | +€1,290 | +45.4% |
| Recurring financial charges | 65 | €2,839 | €4,129 | +€1,290 | +45.4% |
| Profit (loss) for the period before taxes | 9903 | €32,139 | €32,051 | -€87 | -0.3% |
| Income taxes | 67/77 | €7,294 | €6,769 | -€524 | -7.2% |
| Profit (loss) for the period | 9904 | €24,845 | €25,282 | +€437 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,845 | €25,282 | +€437 | +1.8% |
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.