Kineleft: 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.
Kineleft
Largest movements
- Tangible fixed assets -€35,957
down €35,957 (-5.8%), from €624,053 to €588,096
of which Land and buildings: -€33,308
- Receivables within one year +€8,416
new in 2025: €8,416
- Debts after one year -€25,653
down €25,653 (-3.9%), from €662,202 to €636,549
- Depreciation -€29,651
down €29,651 (-45.2%), from €65,607 to €35,957
- Gross operating margin +€22,461
up €22,461 (+48.8%), from €46,068 to €68,530
- Financial charges -€12,626
down €12,626 (-32.3%), from €39,079 to €26,453
- Other operating charges -€1,748
down €1,748 (-27.0%), from €6,468 to €4,721
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 | €626,398 | €601,516 | -€24,883 | -4.0% |
| Fixed assets | 21/28 | €624,053 | €588,096 | -€35,957 | -5.8% |
| Tangible fixed assets | 22/27 | €624,053 | €588,096 | -€35,957 | -5.8% |
| Land and buildings | 22 | €612,413 | €579,105 | -€33,308 | -5.4% |
| Plant, machinery and equipment | 23 | €10,428 | €8,090 | -€2,338 | -22.4% |
| Furniture and vehicles | 24 | €1,212 | €901 | -€311 | -25.7% |
| Current assets | 29/58 | €2,345 | €13,420 | +€11,074 | +472.2% |
| Amounts receivable within one year | 40/41 | - | €8,416 | +€8,416 | |
| Trade receivables | 40 | - | €8,416 | +€8,416 | |
| Cash at bank and in hand | 54/58 | €2,345 | €5,003 | +€2,658 | +113.3% |
| Total equity and liabilities | 10/49 | €626,398 | €601,516 | -€24,883 | -4.0% |
| Equity | 10/15 | -€62,086 | -€60,686 | +€1,400 | +2.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,086 | -€63,686 | +€1,400 | +2.2% |
| Amounts payable | 17/49 | €688,484 | €662,202 | -€26,282 | -3.8% |
| Amounts payable after more than one year | 17 | €662,202 | €636,549 | -€25,653 | -3.9% |
| Financial debts | 170/4 | €662,202 | €636,549 | -€25,653 | -3.9% |
| Amounts payable within one year | 42/48 | €26,282 | €25,653 | -€629 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €24,534 | €25,653 | +€1,119 | +4.6% |
| Trade debts | 44 | €1,748 | €0 | -€1,748 | -100.0% |
| Suppliers | 440/4 | €1,748 | €0 | -€1,748 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,607 | €35,957 | -€29,651 | -45.2% |
| Other operating charges | 640/8 | €6,468 | €4,721 | -€1,748 | -27.0% |
| Gross operating margin | 9900 | €46,068 | €68,530 | +€22,461 | +48.8% |
| Operating profit (loss) | 9901 | -€26,007 | €27,852 | +€53,859 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €39,079 | €26,453 | -€12,626 | -32.3% |
| Recurring financial charges | 65 | €39,079 | €26,453 | -€12,626 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | -€65,086 | €1,400 | +€66,485 | |
| Profit (loss) for the period | 9904 | -€65,086 | €1,400 | +€66,485 | |
| Profit (loss) for the period to be appropriated | 9905 | -€65,086 | €1,400 | +€66,485 |
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 6 October 2026 via checked.be.