Kinéforme: 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.
Kinéforme
Largest movements
- Tangible fixed assets +€312,582
up €312,582 (+1543.7%), from €20,249 to €332,831
of which Land and buildings: +€319,834
- Cash -€45,684
down €45,684 (-38.2%), from €119,672 to €73,988
mainly Investment in fixed assets (net) (-€372,404) and Contributions, distributions and other (-€78,000)
- Receivables within one year -€8,788
down €8,788 (-53.1%), from €16,541 to €7,752
of which Other amounts receivable: -€4,500
- Debts after one year +€274,277
up €274,277 (+45462.8%), from €603 to €274,881
- Reserves -€78,000
down €78,000 (-65.2%), from €119,700 to €41,700
- Other debts +€75,940
up €75,940 (+882.5%), from €8,605 to €84,545
- Profit (loss) carried forward -€18,930
down €18,930, from €4,033 to -€14,897
- Current portion of long-term debt +€6,673
up €6,673 (+92.6%), from €7,208 to €13,880
- Depreciation +€48,981
up €48,981 (+451.8%), from €10,841 to €59,822
- Gross operating margin +€26,611
up €26,611 (+107.9%), from €24,666 to €51,277
- Financial charges +€8,222
up €8,222 (+3223.1%), from €255 to €8,477
- Taxes -€4,210
down €4,210 (-92.1%), from €4,573 to €363
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 | €156,461 | €414,571 | +€258,110 | +165.0% |
| Fixed assets | 21/28 | €20,249 | €332,831 | +€312,582 | +1543.7% |
| Tangible fixed assets | 22/27 | €20,249 | €332,831 | +€312,582 | +1543.7% |
| Land and buildings | 22 | - | €319,834 | +€319,834 | |
| Furniture and vehicles | 24 | €20,249 | €12,996 | -€7,252 | -35.8% |
| Current assets | 29/58 | €136,213 | €81,740 | -€54,472 | -40.0% |
| Amounts receivable within one year | 40/41 | €16,541 | €7,752 | -€8,788 | -53.1% |
| Trade receivables | 40 | €12,041 | €7,752 | -€4,288 | -35.6% |
| Other amounts receivable | 41 | €4,500 | - | -€4,500 | |
| Cash at bank and in hand | 54/58 | €119,672 | €73,988 | -€45,684 | -38.2% |
| Total equity and liabilities | 10/49 | €156,461 | €414,571 | +€258,110 | +165.0% |
| Equity | 10/15 | €131,793 | €34,863 | -€96,930 | -73.5% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €119,700 | €41,700 | -€78,000 | -65.2% |
| Distributable reserves | 133 | €119,700 | €41,700 | -€78,000 | -65.2% |
| Profit (loss) carried forward | 14 | €4,033 | -€14,897 | -€18,930 | |
| Amounts payable | 17/49 | €24,668 | €379,707 | +€355,039 | +1439.3% |
| Amounts payable after more than one year | 17 | €603 | €274,881 | +€274,277 | +45462.8% |
| Financial debts | 170/4 | €603 | €274,881 | +€274,277 | +45462.8% |
| Amounts payable within one year | 42/48 | €24,065 | €104,827 | +€80,762 | +335.6% |
| Current portion of amounts payable after more than one year | 42 | €7,208 | €13,880 | +€6,673 | +92.6% |
| Trade debts | 44 | €3,359 | €4,086 | +€727 | +21.6% |
| Suppliers | 440/4 | €3,359 | €4,086 | +€727 | +21.6% |
| Taxes, remuneration and social security | 45 | €4,893 | €2,316 | -€2,577 | -52.7% |
| Taxes | 450/3 | €1,393 | €314 | -€1,079 | -77.4% |
| Remuneration and social security | 454/9 | €3,501 | €2,002 | -€1,499 | -42.8% |
| Other amounts payable | 47/48 | €8,605 | €84,545 | +€75,940 | +882.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,841 | €59,822 | +€48,981 | +451.8% |
| Other operating charges | 640/8 | €1,874 | €1,709 | -€165 | -8.8% |
| Gross operating margin | 9900 | €24,666 | €51,277 | +€26,611 | +107.9% |
| Operating profit (loss) | 9901 | €11,951 | -€10,255 | -€22,206 | |
| Financial income | 75/76B | €654 | €165 | -€489 | -74.8% |
| Recurring financial income | 75 | €654 | €165 | -€489 | -74.8% |
| Financial charges | 65/66B | €255 | €8,477 | +€8,222 | +3223.1% |
| Recurring financial charges | 65 | €255 | €8,477 | +€8,222 | +3223.1% |
| Profit (loss) for the period before taxes | 9903 | €12,350 | -€18,567 | -€30,916 | |
| Income taxes | 67/77 | €4,573 | €363 | -€4,210 | -92.1% |
| Profit (loss) for the period | 9904 | €7,776 | -€18,930 | -€26,706 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,776 | -€18,930 | -€26,706 |
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 4 October 2026 via checked.be.