Kinéform: 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.
Kinéform
Largest movements
- Tangible fixed assets -€21,473
down €21,473 (-34.0%), from €63,160 to €41,687
of which Furniture and vehicles: -€19,847
- Receivables within one year -€14,816
down €14,816 (-48.4%), from €30,622 to €15,807
of which Trade receivables: -€13,822
- Cash +€5,224
up €5,224 (+55.3%), from €9,441 to €14,666
mainly Depreciation (+€23,873) and Receivables within one year (+€14,816)
- Debts after one year -€14,211
down €14,211 (-100.0%), from €14,211 to €0
- Current portion of long-term debt -€6,926
down €6,926 (-32.8%), from €21,137 to €14,211
- Other debts -€3,954
down €3,954 (-8.9%), from €44,539 to €40,584
- Trade debts -€3,744
down €3,744 (-95.9%), from €3,903 to €159
- Tax, wage and social debts -€1,946
down €1,946 (-65.6%), from €2,966 to €1,020
of which Taxes: -€1,786
- Gross operating margin -€3,392
down €3,392 (-11.1%), from €30,611 to €27,219
- Financial charges +€1,099
up €1,099 (+49.6%), from €2,215 to €3,314
- Taxes -€748
down €748 (-60.3%), from €1,241 to €493
- Other operating charges -€734
down €734 (-37.4%), from €1,962 to €1,228
- Depreciation +€485
up €485 (+2.1%), from €23,388 to €23,873
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €106,903 | €75,701 | -€31,202 | -29.2% |
| Fixed assets | 21/28 | €63,160 | €41,687 | -€21,473 | -34.0% |
| Tangible fixed assets | 22/27 | €63,160 | €41,687 | -€21,473 | -34.0% |
| Plant, machinery and equipment | 23 | €2,243 | €1,166 | -€1,077 | -48.0% |
| Furniture and vehicles | 24 | €57,858 | €38,012 | -€19,847 | -34.3% |
| Other tangible fixed assets | 26 | €3,059 | €2,510 | -€549 | -18.0% |
| Current assets | 29/58 | €43,743 | €34,013 | -€9,729 | -22.2% |
| Amounts receivable within one year | 40/41 | €30,622 | €15,807 | -€14,816 | -48.4% |
| Trade receivables | 40 | €28,363 | €14,541 | -€13,822 | -48.7% |
| Other amounts receivable | 41 | €2,260 | €1,266 | -€994 | -44.0% |
| Cash at bank and in hand | 54/58 | €9,441 | €14,666 | +€5,224 | +55.3% |
| Deferred charges and accrued income | 490/1 | €3,679 | €3,541 | -€138 | -3.7% |
| Total equity and liabilities | 10/49 | €106,903 | €75,701 | -€31,202 | -29.2% |
| Equity | 10/15 | €18,600 | €16,911 | -€1,689 | -9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | -€1,689 | -€1,689 | |
| Amounts payable | 17/49 | €88,303 | €58,790 | -€29,513 | -33.4% |
| Amounts payable after more than one year | 17 | €14,211 | €0 | -€14,211 | -100.0% |
| Financial debts | 170/4 | €14,211 | €0 | -€14,211 | -100.0% |
| Amounts payable within one year | 42/48 | €72,545 | €55,974 | -€16,570 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €21,137 | €14,211 | -€6,926 | -32.8% |
| Trade debts | 44 | €3,903 | €159 | -€3,744 | -95.9% |
| Suppliers | 440/4 | €3,903 | €159 | -€3,744 | -95.9% |
| Taxes, remuneration and social security | 45 | €2,966 | €1,020 | -€1,946 | -65.6% |
| Taxes | 450/3 | €2,486 | €700 | -€1,786 | -71.8% |
| Remuneration and social security | 454/9 | €480 | €320 | -€160 | -33.3% |
| Other amounts payable | 47/48 | €44,539 | €40,584 | -€3,954 | -8.9% |
| Accrued charges and deferred income | 492/3 | €1,547 | €2,815 | +€1,268 | +82.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,388 | €23,873 | +€485 | +2.1% |
| Other operating charges | 640/8 | €1,962 | €1,228 | -€734 | -37.4% |
| Gross operating margin | 9900 | €30,611 | €27,219 | -€3,392 | -11.1% |
| Operating profit (loss) | 9901 | €5,260 | €2,118 | -€3,142 | -59.7% |
| Financial income | 75/76B | €276 | €0 | -€276 | -100.0% |
| Recurring financial income | 75 | €276 | €0 | -€276 | -100.0% |
| Financial charges | 65/66B | €2,215 | €3,314 | +€1,099 | +49.6% |
| Recurring financial charges | 65 | €2,215 | €3,314 | +€1,099 | +49.6% |
| Profit (loss) for the period before taxes | 9903 | €3,321 | -€1,196 | -€4,517 | |
| Income taxes | 67/77 | €1,241 | €493 | -€748 | -60.3% |
| Profit (loss) for the period | 9904 | €2,080 | -€1,689 | -€3,769 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,080 | -€1,689 | -€3,769 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.