KINEKOR: 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.
KINEKOR
Largest movements
- Intangible fixed assets -€20,000
down €20,000 (-33.3%), from €60,000 to €40,000
- Cash +€10,010
up €10,010 (+161%), from €6,207 to €16,217
mainly Depreciation (+€24,529) and Deferred charges and accrued income (+€755)
- Tangible fixed assets -€4,004
down €4,004 (-30.3%), from €13,225 to €9,221
- Other debts -€10,231
down €10,231 (-20.6%), from €49,655 to €39,423
- Current portion of long-term debt -€4,736
down €4,736 (-100%), from €4,736 to €0
- Other operating charges +€720
up €720 (+56.4%), from €1,277 to €1,997
- Gross operating margin +€373
up €373 (+1.3%), from €28,171 to €28,544
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 | €81,522 | €66,773 | -€14,749 | -18.1% |
| Fixed assets | 21/28 | €73,225 | €49,221 | -€24,004 | -32.8% |
| Intangible fixed assets | 21 | €60,000 | €40,000 | -€20,000 | -33.3% |
| Tangible fixed assets | 22/27 | €13,225 | €9,221 | -€4,004 | -30.3% |
| Furniture and vehicles | 24 | €13,225 | €9,221 | -€4,004 | -30.3% |
| Current assets | 29/58 | €8,297 | €17,552 | +€9,255 | +112% |
| Cash at bank and in hand | 54/58 | €6,207 | €16,217 | +€10,010 | +161% |
| Deferred charges and accrued income | 490/1 | €2,090 | €1,335 | -€755 | -36.1% |
| Total equity and liabilities | 10/49 | €81,522 | €66,773 | -€14,749 | -18.1% |
| Equity | 10/15 | €21,023 | €21,190 | +€168 | +0.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | €2,500 | - | -€2,500 | |
| Other | 1109/19 | €2,500 | - | -€2,500 | |
| Reserves | 13 | €18,523 | €18,690 | +€168 | +0.9% |
| Distributable reserves | 133 | €18,523 | €18,690 | +€168 | +0.9% |
| Amounts payable | 17/49 | €60,499 | €45,583 | -€14,917 | -24.7% |
| Amounts payable within one year | 42/48 | €60,499 | €45,583 | -€14,917 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €4,736 | €0 | -€4,736 | -100% |
| Trade debts | 44 | €4,609 | €4,609 | = | 0.0% |
| Suppliers | 440/4 | €4,609 | €4,609 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,500 | €1,551 | +€51 | +3.4% |
| Taxes | 450/3 | €1,500 | €1,551 | +€51 | +3.4% |
| Other amounts payable | 47/48 | €49,655 | €39,423 | -€10,231 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,635 | €24,529 | -€106 | -0.4% |
| Other operating charges | 640/8 | €1,277 | €1,997 | +€720 | +56.4% |
| Gross operating margin | 9900 | €28,171 | €28,544 | +€373 | +1.3% |
| Operating profit (loss) | 9901 | €2,260 | €2,018 | -€241 | -10.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €346 | €222 | -€124 | -35.9% |
| Recurring financial charges | 65 | €346 | €222 | -€124 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €1,913 | €1,796 | -€117 | -6.1% |
| Income taxes | 67/77 | €1,564 | €1,629 | +€65 | +4.1% |
| Profit (loss) for the period | 9904 | €350 | €168 | -€182 | -52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €350 | €168 | -€182 | -52.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.