KINEMAF: 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.
KINEMAF
Largest movements
- Cash +€62,839
up €62,839 (+81.5%), from €77,088 to €139,928
mainly Net result for the year (+€44,188) and Other debts (+€15,150)
- Tangible fixed assets -€8,166
down €8,166 (-67.0%), from €12,195 to €4,029
- Receivables within one year +€5,221
new in 2025: €5,221
- Profit (loss) carried forward +€44,188
up €44,188 (+68.0%), from €64,959 to €109,147
- Other debts +€15,150
up €15,150 (+1466.4%), from €1,033 to €16,184
- Tax, wage and social debts +€3,290
up €3,290 (+39.6%), from €8,310 to €11,600
- Trade debts -€2,648
down €2,648 (-20.1%), from €13,156 to €10,508
- Gross operating margin +€14,691
up €14,691 (+28.8%), from €50,951 to €65,642
- Taxes +€3,218
up €3,218 (+38.4%), from €8,380 to €11,598
- Depreciation -€672
down €672 (-7.6%), from €8,838 to €8,166
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 | €90,458 | €150,438 | +€59,980 | +66.3% |
| Fixed assets | 21/28 | €12,195 | €4,029 | -€8,166 | -67.0% |
| Tangible fixed assets | 22/27 | €12,195 | €4,029 | -€8,166 | -67.0% |
| Furniture and vehicles | 24 | €12,195 | €4,029 | -€8,166 | -67.0% |
| Current assets | 29/58 | €78,263 | €146,408 | +€68,146 | +87.1% |
| Amounts receivable within one year | 40/41 | - | €5,221 | +€5,221 | |
| Trade receivables | 40 | - | €5,221 | +€5,221 | |
| Cash at bank and in hand | 54/58 | €77,088 | €139,928 | +€62,839 | +81.5% |
| Deferred charges and accrued income | 490/1 | €1,174 | €1,260 | +€86 | +7.3% |
| Total equity and liabilities | 10/49 | €90,458 | €150,438 | +€59,980 | +66.3% |
| Equity | 10/15 | €67,959 | €112,147 | +€44,188 | +65.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,959 | €109,147 | +€44,188 | +68.0% |
| Amounts payable | 17/49 | €22,499 | €38,291 | +€15,792 | +70.2% |
| Amounts payable within one year | 42/48 | €22,499 | €38,291 | +€15,792 | +70.2% |
| Trade debts | 44 | €13,156 | €10,508 | -€2,648 | -20.1% |
| Suppliers | 440/4 | €13,156 | €10,508 | -€2,648 | -20.1% |
| Taxes, remuneration and social security | 45 | €8,310 | €11,600 | +€3,290 | +39.6% |
| Taxes | 450/3 | €8,310 | €11,600 | +€3,290 | +39.6% |
| Other amounts payable | 47/48 | €1,033 | €16,184 | +€15,150 | +1466.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,838 | €8,166 | -€672 | -7.6% |
| Other operating charges | 640/8 | €1,347 | €1,478 | +€132 | +9.8% |
| Gross operating margin | 9900 | €50,951 | €65,642 | +€14,691 | +28.8% |
| Operating profit (loss) | 9901 | €40,766 | €55,998 | +€15,231 | +37.4% |
| Financial charges | 65/66B | €162 | €212 | +€50 | +30.9% |
| Recurring financial charges | 65 | €162 | €212 | +€50 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | €40,604 | €55,786 | +€15,182 | +37.4% |
| Income taxes | 67/77 | €8,380 | €11,598 | +€3,218 | +38.4% |
| Profit (loss) for the period | 9904 | €32,225 | €44,188 | +€11,964 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,225 | €44,188 | +€11,964 | +37.1% |
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 30 September 2026 via checked.be.