Kinelien: 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.
Kinelien
Largest movements
- Cash +€38,537
up €38,537 (+51.6%), from €74,671 to €113,209
mainly Net result for the year (+€35,080) and Depreciation (+€2,671)
- Tangible fixed assets -€2,671
down €2,671 (-67.0%), from €3,988 to €1,317
- Reserves +€35,080
up €35,080 (+53.2%), from €65,909 to €100,989
- Tax, wage and social debts +€1,521
up €1,521 (+17.4%), from €8,741 to €10,262
- Gross operating margin +€7,517
up €7,517 (+19.0%), from €39,579 to €47,097
- Taxes +€1,521
up €1,521 (+20.6%), from €7,391 to €8,912
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 | €79,034 | €115,677 | +€36,642 | +46.4% |
| Fixed assets | 21/28 | €3,988 | €1,317 | -€2,671 | -67.0% |
| Tangible fixed assets | 22/27 | €3,988 | €1,317 | -€2,671 | -67.0% |
| Furniture and vehicles | 24 | €3,988 | €1,317 | -€2,671 | -67.0% |
| Current assets | 29/58 | €75,046 | €114,359 | +€39,313 | +52.4% |
| Amounts receivable within one year | 40/41 | €0 | €798 | +€798 | |
| Trade receivables | 40 | €0 | €798 | +€798 | |
| Cash at bank and in hand | 54/58 | €74,671 | €113,209 | +€38,537 | +51.6% |
| Deferred charges and accrued income | 490/1 | €375 | €353 | -€22 | -5.9% |
| Total equity and liabilities | 10/49 | €79,034 | €115,677 | +€36,642 | +46.4% |
| Equity | 10/15 | €68,909 | €103,989 | +€35,080 | +50.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €65,909 | €100,989 | +€35,080 | +53.2% |
| Distributable reserves | 133 | €65,909 | €100,989 | +€35,080 | +53.2% |
| Amounts payable | 17/49 | €10,125 | €11,688 | +€1,562 | +15.4% |
| Amounts payable within one year | 42/48 | €10,125 | €10,938 | +€812 | +8.0% |
| Trade debts | 44 | €244 | €65 | -€179 | -73.5% |
| Suppliers | 440/4 | €244 | €65 | -€179 | -73.5% |
| Taxes, remuneration and social security | 45 | €8,741 | €10,262 | +€1,521 | +17.4% |
| Taxes | 450/3 | €8,741 | €10,262 | +€1,521 | +17.4% |
| Other amounts payable | 47/48 | €1,140 | €611 | -€529 | -46.4% |
| Accrued charges and deferred income | 492/3 | - | €750 | +€750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,671 | €2,671 | = | 0.0% |
| Other operating charges | 640/8 | €283 | €296 | +€13 | +4.6% |
| Gross operating margin | 9900 | €39,579 | €47,097 | +€7,517 | +19.0% |
| Operating profit (loss) | 9901 | €36,626 | €44,130 | +€7,504 | +20.5% |
| Financial charges | 65/66B | €0 | €139 | +€139 | |
| Recurring financial charges | 65 | €0 | €139 | +€139 | |
| Profit (loss) for the period before taxes | 9903 | €36,626 | €43,992 | +€7,366 | +20.1% |
| Income taxes | 67/77 | €7,391 | €8,912 | +€1,521 | +20.6% |
| Profit (loss) for the period | 9904 | €29,235 | €35,080 | +€5,845 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,235 | €35,080 | +€5,845 | +20.0% |
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 4 October 2026 via checked.be.