KINEFORMA: 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.
KINEFORMA
Largest movements
- Tangible fixed assets -€29,177
down €29,177 (-25.1%), from €116,399 to €87,222
of which Other tangible fixed assets: -€26,544
- Stocks and contracts -€4,651
down €4,651 (-8.7%), from €53,421 to €48,769
- Deferred charges and accrued income -€2,934
down €2,934 (-74.8%), from €3,923 to €989
- Trade debts -€73,481
down €73,481 (-49.6%), from €148,128 to €74,647
- Profit (loss) carried forward +€24,871
up €24,871 (+21.8%), from -€114,191 to -€89,320
- Debts after one year +€13,074
up €13,074 (+9.5%), from €137,678 to €150,752
of which Other amounts payable: +€29,228
- Tax, wage and social debts -€2,970
down €2,970 (-8.1%), from €36,504 to €33,534
of which Remuneration and social security: -€5,066
- Gross operating margin +€46,353
up €46,353 (+17.0%), from €272,995 to €319,348
- Staff costs +€7,466
up €7,466 (+3.0%), from €251,176 to €258,641
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.
Derived cash bridge
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 | €286,022 | €247,767 | -€38,255 | -13.4% |
| Fixed assets | 21/28 | €116,728 | €87,551 | -€29,177 | -25.0% |
| Tangible fixed assets | 22/27 | €116,399 | €87,222 | -€29,177 | -25.1% |
| Plant, machinery and equipment | 23 | €7,546 | €4,914 | -€2,633 | -34.9% |
| Other tangible fixed assets | 26 | €108,852 | €82,308 | -€26,544 | -24.4% |
| Financial fixed assets | 28 | €329 | €329 | = | 0.0% |
| Current assets | 29/58 | €169,295 | €160,216 | -€9,079 | -5.4% |
| Stocks and contracts in progress | 3 | €53,421 | €48,769 | -€4,651 | -8.7% |
| Stocks | 30/36 | €53,421 | €48,769 | -€4,651 | -8.7% |
| Amounts receivable within one year | 40/41 | €295 | €251 | -€44 | -15.0% |
| Other amounts receivable | 41 | €295 | €251 | -€44 | -15.0% |
| Cash at bank and in hand | 54/58 | €111,656 | €110,207 | -€1,449 | -1.3% |
| Deferred charges and accrued income | 490/1 | €3,923 | €989 | -€2,934 | -74.8% |
| Total equity and liabilities | 10/49 | €286,022 | €247,767 | -€38,255 | -13.4% |
| Equity | 10/15 | -€52,191 | -€27,320 | +€24,871 | +47.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,191 | -€89,320 | +€24,871 | +21.8% |
| Amounts payable | 17/49 | €338,213 | €275,087 | -€63,126 | -18.7% |
| Amounts payable after more than one year | 17 | €137,678 | €150,752 | +€13,074 | +9.5% |
| Financial debts | 170/4 | €32,561 | €16,408 | -€16,154 | -49.6% |
| Other amounts payable | 178/9 | €105,117 | €134,345 | +€29,228 | +27.8% |
| Amounts payable within one year | 42/48 | €200,535 | €124,335 | -€76,200 | -38.0% |
| Current portion of amounts payable after more than one year | 42 | €15,904 | €16,154 | +€250 | +1.6% |
| Trade debts | 44 | €148,128 | €74,647 | -€73,481 | -49.6% |
| Suppliers | 440/4 | €148,128 | €74,647 | -€73,481 | -49.6% |
| Taxes, remuneration and social security | 45 | €36,504 | €33,534 | -€2,970 | -8.1% |
| Taxes | 450/3 | €20,009 | €22,106 | +€2,096 | +10.5% |
| Remuneration and social security | 454/9 | €16,494 | €11,428 | -€5,066 | -30.7% |
| Other amounts payable | 47/48 | - | €0 | +€0 | |
| Remuneration, social security and pensions | 62 | €251,176 | €258,641 | +€7,466 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,558 | €29,177 | -€1,381 | -4.5% |
| Other operating charges | 640/8 | €2,762 | €5,035 | +€2,273 | +82.3% |
| Gross operating margin | 9900 | €272,995 | €319,348 | +€46,353 | +17.0% |
| Operating profit (loss) | 9901 | -€11,501 | €26,495 | +€37,995 | |
| Financial income | 75/76B | €185 | - | -€185 | |
| Recurring financial income | 75 | €185 | - | -€185 | |
| Financial charges | 65/66B | €1,270 | €1,384 | +€115 | +9.0% |
| Recurring financial charges | 65 | €1,270 | €1,384 | +€115 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,586 | €25,110 | +€37,696 | |
| Income taxes | 67/77 | €178 | €240 | +€62 | +34.7% |
| Profit (loss) for the period | 9904 | -€12,764 | €24,871 | +€37,634 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,764 | €24,871 | +€37,634 |
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 25 October 2026 via checked.be.