KINELETE: 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.
KINELETE
Largest movements
- Cash +€6,901
up €6,901 (+100.0%), from €6,901 to €13,802
mainly Net result for the year (+€23,705) and Current investments (+€5,907)
- Current investments -€5,907
down €5,907 (-36.9%), from €15,998 to €10,091
- Tangible fixed assets -€2,638
down €2,638 (-15.9%), from €16,610 to €13,972
of which Other tangible fixed assets: -€1,521
- Receivables within one year +€2,090
up €2,090 (+2.5%), from €84,165 to €86,254
of which Other amounts receivable: +€1,099
- Trade debts -€2,943
down €2,943 (-25.3%), from €11,610 to €8,667
- Accrued charges and deferred income +€2,374
up €2,374 (+68.2%), from €3,480 to €5,854
- Tax, wage and social debts -€1,940
down €1,940 (-8.5%), from €22,733 to €20,793
of which Taxes: -€1,959
- Profit (loss) carried forward +€1,705
up €1,705 (+24.6%), from €6,939 to €8,644
- Gross operating margin +€10,327
up €10,327 (+36.2%), from €28,527 to €38,853
- Taxes +€2,145
up €2,145 (+31.1%), from €6,893 to €9,037
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 | €124,722 | €125,168 | +€446 | +0.4% |
| Fixed assets | 21/28 | €16,610 | €13,972 | -€2,638 | -15.9% |
| Tangible fixed assets | 22/27 | €16,610 | €13,972 | -€2,638 | -15.9% |
| Furniture and vehicles | 24 | €6,308 | €5,191 | -€1,117 | -17.7% |
| Other tangible fixed assets | 26 | €10,303 | €8,782 | -€1,521 | -14.8% |
| Current assets | 29/58 | €108,112 | €111,196 | +€3,084 | +2.9% |
| Amounts receivable within one year | 40/41 | €84,165 | €86,254 | +€2,090 | +2.5% |
| Trade receivables | 40 | €83,067 | €84,057 | +€991 | +1.2% |
| Other amounts receivable | 41 | €1,098 | €2,197 | +€1,099 | +100% |
| Current investments | 50/53 | €15,998 | €10,091 | -€5,907 | -36.9% |
| Cash at bank and in hand | 54/58 | €6,901 | €13,802 | +€6,901 | +100.0% |
| Deferred charges and accrued income | 490/1 | €1,048 | €1,048 | = | 0.0% |
| Total equity and liabilities | 10/49 | €124,722 | €125,168 | +€446 | +0.4% |
| Equity | 10/15 | €68,999 | €70,704 | +€1,705 | +2.5% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €54,000 | €54,000 | = | 0.0% |
| Distributable reserves | 133 | €54,000 | €54,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,939 | €8,644 | +€1,705 | +24.6% |
| Amounts payable | 17/49 | €55,723 | €54,464 | -€1,259 | -2.3% |
| Amounts payable within one year | 42/48 | €52,243 | €48,610 | -€3,633 | -7.0% |
| Trade debts | 44 | €11,610 | €8,667 | -€2,943 | -25.3% |
| Suppliers | 440/4 | €11,610 | €8,667 | -€2,943 | -25.3% |
| Taxes, remuneration and social security | 45 | €22,733 | €20,793 | -€1,940 | -8.5% |
| Taxes | 450/3 | €20,654 | €18,695 | -€1,959 | -9.5% |
| Remuneration and social security | 454/9 | €2,078 | €2,098 | +€19 | +0.9% |
| Other amounts payable | 47/48 | €17,900 | €19,150 | +€1,250 | +7.0% |
| Accrued charges and deferred income | 492/3 | €3,480 | €5,854 | +€2,374 | +68.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,638 | €2,638 | +€0 | 0.0% |
| Other operating charges | 640/8 | €806 | €751 | -€55 | -6.9% |
| Gross operating margin | 9900 | €28,527 | €38,853 | +€10,327 | +36.2% |
| Operating profit (loss) | 9901 | €25,083 | €35,465 | +€10,382 | +41.4% |
| Financial income | 75/76B | €177 | €125 | -€52 | -29.4% |
| Recurring financial income | 75 | €177 | €125 | -€52 | -29.4% |
| Financial charges | 65/66B | €2,834 | €2,847 | +€13 | +0.5% |
| Recurring financial charges | 65 | €2,834 | €2,847 | +€13 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €22,425 | €32,742 | +€10,317 | +46.0% |
| Income taxes | 67/77 | €6,893 | €9,037 | +€2,145 | +31.1% |
| Profit (loss) for the period | 9904 | €15,532 | €23,705 | +€8,173 | +52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,532 | €23,705 | +€8,173 | +52.6% |
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 26 October 2026 via checked.be.