KINELENE: 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.
KINELENE
Largest movements
- Deferred charges and accrued income -€2,325
no longer reported in 2025 (was €2,325)
- Receivables within one year +€1,163
up €1,163 (+74.1%), from €1,570 to €2,733
- Cash -€1,137
down €1,137 (-3.6%), from €31,185 to €30,048
mainly Other debts (-€4,000) and Investment in fixed assets (net) (-€2,701)
- Tangible fixed assets -€1,020
down €1,020 (-57.2%), from €1,782 to €762
of which Furniture and vehicles: -€586
- Other debts -€4,000
down €4,000 (-81.1%), from €4,931 to €931
- Trade debts +€1,836
up €1,836 (+163.7%), from €1,121 to €2,957
- Profit (loss) carried forward -€1,488
down €1,488 (-513.9%), from -€290 to -€1,778
- Tax, wage and social debts +€550
new in 2025: €550
- Gross operating margin -€3,821
down €3,821 (-39.3%), from €9,732 to €5,911
- Taxes +€662
up €662 (+33.1%), from €2,000 to €2,662
- Depreciation -€560
down €560 (-13.1%), from €4,281 to €3,721
- Other operating charges -€336
down €336 (-27.7%), from €1,214 to €877
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 | €36,861 | €33,542 | -€3,319 | -9.0% |
| Fixed assets | 21/28 | €1,782 | €762 | -€1,020 | -57.2% |
| Tangible fixed assets | 22/27 | €1,782 | €762 | -€1,020 | -57.2% |
| Furniture and vehicles | 24 | €1,347 | €762 | -€586 | -43.5% |
| Leasing and similar rights | 25 | €434 | - | -€434 | |
| Current assets | 29/58 | €35,080 | €32,780 | -€2,299 | -6.6% |
| Amounts receivable within one year | 40/41 | €1,570 | €2,733 | +€1,163 | +74.1% |
| Other amounts receivable | 41 | €1,570 | €2,733 | +€1,163 | +74.1% |
| Cash at bank and in hand | 54/58 | €31,185 | €30,048 | -€1,137 | -3.6% |
| Deferred charges and accrued income | 490/1 | €2,325 | - | -€2,325 | |
| Total equity and liabilities | 10/49 | €36,861 | €33,542 | -€3,319 | -9.0% |
| Equity | 10/15 | €27,970 | €26,482 | -€1,488 | -5.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €15,860 | €15,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €14,000 | €14,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€290 | -€1,778 | -€1,488 | -513.9% |
| Amounts payable | 17/49 | €8,891 | €7,060 | -€1,831 | -20.6% |
| Amounts payable after more than one year | 17 | €229 | - | -€229 | |
| Financial debts | 170/4 | €229 | - | -€229 | |
| Amounts payable within one year | 42/48 | €8,662 | €7,060 | -€1,603 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €2,610 | €2,622 | +€12 | +0.5% |
| Trade debts | 44 | €1,121 | €2,957 | +€1,836 | +163.7% |
| Suppliers | 440/4 | €1,121 | €2,957 | +€1,836 | +163.7% |
| Taxes, remuneration and social security | 45 | - | €550 | +€550 | |
| Taxes | 450/3 | - | €550 | +€550 | |
| Other amounts payable | 47/48 | €4,931 | €931 | -€4,000 | -81.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,281 | €3,721 | -€560 | -13.1% |
| Other operating charges | 640/8 | €1,214 | €877 | -€336 | -27.7% |
| Gross operating margin | 9900 | €9,732 | €5,911 | -€3,821 | -39.3% |
| Operating profit (loss) | 9901 | €4,238 | €1,313 | -€2,925 | -69.0% |
| Financial charges | 65/66B | €156 | €139 | -€17 | -10.8% |
| Recurring financial charges | 65 | €156 | €139 | -€17 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €4,082 | €1,174 | -€2,908 | -71.2% |
| Income taxes | 67/77 | €2,000 | €2,662 | +€662 | +33.1% |
| Profit (loss) for the period | 9904 | €2,082 | -€1,488 | -€3,570 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,082 | -€1,488 | -€3,570 |
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 8 October 2026 via checked.be.