KineKap: 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.
KineKap
Largest movements
- Current investments +€77,510
new in 2025: €77,510
- Cash -€43,874
down €43,874 (-41.7%), from €105,296 to €61,423
mainly Contributions, distributions and other (-€84,000) and Current investments (-€77,510)
- Receivables within one year +€9,556
up €9,556 (+14.4%), from €66,238 to €75,794
- Other debts +€78,540
new in 2025: €78,540
- Reserves -€49,092
down €49,092 (-30.6%), from €160,458 to €111,366
- Tax, wage and social debts +€8,876
up €8,876 (+27.7%), from €32,075 to €40,951
- Trade debts +€2,875
up €2,875 (+6,422%), from €45 to €2,920
- Taxes +€2,577
up €2,577 (+15.7%), from €16,457 to €19,034
- Gross operating margin +€1,626
up €1,626 (+2.7%), from €60,057 to €61,683
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 | €197,578 | €238,776 | +€41,198 | +20.9% |
| Fixed assets | 21/28 | €24,970 | €22,777 | -€2,193 | -8.8% |
| Tangible fixed assets | 22/27 | €24,970 | €22,777 | -€2,193 | -8.8% |
| Plant, machinery and equipment | 23 | €22,790 | €20,321 | -€2,468 | -10.8% |
| Furniture and vehicles | 24 | €2,180 | €2,456 | +€275 | +12.6% |
| Current assets | 29/58 | €172,608 | €215,999 | +€43,391 | +25.1% |
| Amounts receivable within one year | 40/41 | €66,238 | €75,794 | +€9,556 | +14.4% |
| Other amounts receivable | 41 | €66,238 | €75,794 | +€9,556 | +14.4% |
| Current investments | 50/53 | - | €77,510 | +€77,510 | |
| Cash at bank and in hand | 54/58 | €105,296 | €61,423 | -€43,874 | -41.7% |
| Deferred charges and accrued income | 490/1 | €1,074 | €1,273 | +€200 | +18.6% |
| Total equity and liabilities | 10/49 | €197,578 | €238,776 | +€41,198 | +20.9% |
| Equity | 10/15 | €165,458 | €116,366 | -€49,092 | -29.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €160,458 | €111,366 | -€49,092 | -30.6% |
| Distributable reserves | 133 | €160,458 | €111,366 | -€49,092 | -30.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €32,120 | €122,411 | +€90,291 | +281% |
| Amounts payable within one year | 42/48 | €32,120 | €122,411 | +€90,291 | +281% |
| Trade debts | 44 | €45 | €2,920 | +€2,875 | +6,422% |
| Suppliers | 440/4 | €45 | €2,920 | +€2,875 | +6,422% |
| Taxes, remuneration and social security | 45 | €32,075 | €40,951 | +€8,876 | +27.7% |
| Taxes | 450/3 | €32,075 | €40,951 | +€8,876 | +27.7% |
| Other amounts payable | 47/48 | - | €78,540 | +€78,540 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,390 | €5,092 | -€297 | -5.5% |
| Other operating charges | 640/8 | €1,605 | €2,069 | +€464 | +28.9% |
| Gross operating margin | 9900 | €60,057 | €61,683 | +€1,626 | +2.7% |
| Operating profit (loss) | 9901 | €53,062 | €54,522 | +€1,460 | +2.8% |
| Financial charges | 65/66B | €100 | €581 | +€480 | +479% |
| Recurring financial charges | 65 | €100 | €581 | +€480 | +479% |
| Profit (loss) for the period before taxes | 9903 | €52,962 | €53,942 | +€980 | +1.8% |
| Income taxes | 67/77 | €16,457 | €19,034 | +€2,577 | +15.7% |
| Profit (loss) for the period | 9904 | €36,505 | €34,908 | -€1,598 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,505 | €34,908 | -€1,598 | -4.4% |
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 15 October 2026 via checked.be.