KINELA CHERAIN: 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.
KINELA CHERAIN
Largest movements
- Cash -€5,449
down €5,449 (-53.0%), from €10,287 to €4,838
mainly Investment in fixed assets (net) (-€11,304) and Current portion of long-term debt (-€4,285)
- Tangible fixed assets +€5,282
up €5,282 (+46.4%), from €11,377 to €16,659
of which Furniture and vehicles: +€9,150
- Deferred charges and accrued income +€1,072
up €1,072 (+771%), from €139 to €1,212
- Receivables within one year +€637
new in 2025: €637
- Other debts +€9,101
up €9,101 (+23.1%), from €39,471 to €48,572
- Current portion of long-term debt -€4,285
down €4,285 (-62.3%), from €6,876 to €2,591
- Debts after one year -€2,591
down €2,591 (-73.2%), from €3,539 to €948
- Profit (loss) carried forward -€1,487
down €1,487 (-4.5%), from -€33,297 to -€34,784
- Trade debts +€472
new in 2025: €472
- Depreciation -€8,297
down €8,297 (-57.9%), from €14,319 to €6,022
- Gross operating margin -€3,041
down €3,041 (-35.7%), from €8,517 to €5,476
- Financial charges -€166
down €166 (-26.6%), from €625 to €458
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 | €21,804 | €23,345 | +€1,542 | +7.1% |
| Fixed assets | 21/28 | €11,377 | €16,659 | +€5,282 | +46.4% |
| Tangible fixed assets | 22/27 | €11,377 | €16,659 | +€5,282 | +46.4% |
| Plant, machinery and equipment | 23 | €7,079 | €3,417 | -€3,662 | -51.7% |
| Furniture and vehicles | 24 | €2,870 | €12,021 | +€9,150 | +319% |
| Other tangible fixed assets | 26 | €1,428 | €1,221 | -€207 | -14.5% |
| Current assets | 29/58 | €10,427 | €6,687 | -€3,740 | -35.9% |
| Amounts receivable within one year | 40/41 | - | €637 | +€637 | |
| Trade receivables | 40 | - | €637 | +€637 | |
| Cash at bank and in hand | 54/58 | €10,287 | €4,838 | -€5,449 | -53.0% |
| Deferred charges and accrued income | 490/1 | €139 | €1,212 | +€1,072 | +771% |
| Total equity and liabilities | 10/49 | €21,804 | €23,345 | +€1,542 | +7.1% |
| Equity | 10/15 | -€28,297 | -€29,784 | -€1,487 | -5.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,297 | -€34,784 | -€1,487 | -4.5% |
| Amounts payable | 17/49 | €50,101 | €53,129 | +€3,029 | +6.0% |
| Amounts payable after more than one year | 17 | €3,539 | €948 | -€2,591 | -73.2% |
| Financial debts | 170/4 | €3,539 | €948 | -€2,591 | -73.2% |
| Amounts payable within one year | 42/48 | €46,562 | €52,181 | +€5,620 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €6,876 | €2,591 | -€4,285 | -62.3% |
| Trade debts | 44 | - | €472 | +€472 | |
| Suppliers | 440/4 | - | €472 | +€472 | |
| Taxes, remuneration and social security | 45 | €214 | €546 | +€331 | +155% |
| Taxes | 450/3 | €214 | €546 | +€331 | +155% |
| Other amounts payable | 47/48 | €39,471 | €48,572 | +€9,101 | +23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,319 | €6,022 | -€8,297 | -57.9% |
| Other operating charges | 640/8 | €410 | €327 | -€84 | -20.4% |
| Gross operating margin | 9900 | €8,517 | €5,476 | -€3,041 | -35.7% |
| Operating profit (loss) | 9901 | -€6,212 | -€873 | +€5,340 | +86.0% |
| Financial charges | 65/66B | €625 | €458 | -€166 | -26.6% |
| Recurring financial charges | 65 | €625 | €458 | -€166 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,837 | -€1,331 | +€5,506 | +80.5% |
| Income taxes | 67/77 | €230 | €156 | -€74 | -32.3% |
| Profit (loss) for the period | 9904 | -€7,067 | -€1,487 | +€5,580 | +79.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,067 | -€1,487 | +€5,580 | +79.0% |
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 21 October 2026 via checked.be.