Kinemassa: 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.
Kinemassa
Largest movements
- Current investments -€53,185
down €53,185 (-26.8%), from €198,127 to €144,942
- Receivables within one year -€52,461
down €52,461 (-68.3%), from €76,803 to €24,342
of which Other amounts receivable: -€50,000
- Cash +€50,176
up €50,176 (+9.2%), from €546,044 to €596,220
mainly Current investments (+€53,185) and Receivables within one year (+€52,461)
- Other debts -€35,224
down €35,224 (-99.9%), from €35,245 to €20
- Reserves -€11,715
down €11,715 (-3.8%), from €306,229 to €294,514
of which Distributable reserves: -€9,855
- Debts after one year -€10,153
down €10,153 (-30.7%), from €33,045 to €22,892
- Gross operating margin -€25,679
down €25,679 (-31.1%), from €82,516 to €56,837
- Taxes -€5,042
down €5,042 (-40.5%), from €12,435 to €7,393
- Depreciation -€4,595
down €4,595 (-13.5%), from €34,015 to €29,419
- Financial charges -€1,316
down €1,316 (-32.1%), from €4,101 to €2,785
- Financial income -€932
down €932 (-14.9%), from €6,265 to €5,333
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 | €902,604 | €852,289 | -€50,315 | -5.6% |
| Fixed assets | 21/28 | €81,630 | €86,785 | +€5,155 | +6.3% |
| Tangible fixed assets | 22/27 | €81,630 | €86,785 | +€5,155 | +6.3% |
| Land and buildings | 22 | €35,347 | €44,280 | +€8,933 | +25.3% |
| Plant, machinery and equipment | 23 | €13,156 | €20,421 | +€7,265 | +55.2% |
| Furniture and vehicles | 24 | €33,127 | €22,084 | -€11,042 | -33.3% |
| Current assets | 29/58 | €820,974 | €765,504 | -€55,470 | -6.8% |
| Amounts receivable within one year | 40/41 | €76,803 | €24,342 | -€52,461 | -68.3% |
| Trade receivables | 40 | €26,803 | €24,342 | -€2,461 | -9.2% |
| Other amounts receivable | 41 | €50,000 | - | -€50,000 | |
| Current investments | 50/53 | €198,127 | €144,942 | -€53,185 | -26.8% |
| Cash at bank and in hand | 54/58 | €546,044 | €596,220 | +€50,176 | +9.2% |
| Total equity and liabilities | 10/49 | €902,604 | €852,289 | -€50,315 | -5.6% |
| Equity | 10/15 | €774,829 | €763,114 | -€11,715 | -1.5% |
| Contributions | 10/11 | €468,600 | €468,600 | = | 0.0% |
| Capital | 10 | €468,600 | - | -€468,600 | |
| Issued capital | 100 | €468,600 | - | -€468,600 | |
| Reserves | 13 | €306,229 | €294,514 | -€11,715 | -3.8% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €304,369 | €294,514 | -€9,855 | -3.2% |
| Amounts payable | 17/49 | €127,774 | €89,175 | -€38,600 | -30.2% |
| Amounts payable after more than one year | 17 | €33,045 | €22,892 | -€10,153 | -30.7% |
| Financial debts | 170/4 | €33,045 | €22,892 | -€10,153 | -30.7% |
| Amounts payable within one year | 42/48 | €94,729 | €65,034 | -€29,695 | -31.3% |
| Current portion of amounts payable after more than one year | 42 | - | €8,153 | +€8,153 | |
| Financial debts | 43 | €8,064 | - | -€8,064 | |
| Credit institutions | 430/8 | €8,064 | - | -€8,064 | |
| Trade debts | 44 | €39,431 | €38,669 | -€763 | -1.9% |
| Suppliers | 440/4 | €39,431 | €38,669 | -€763 | -1.9% |
| Taxes, remuneration and social security | 45 | €11,989 | €18,193 | +€6,203 | +51.7% |
| Taxes | 450/3 | €11,989 | €18,193 | +€6,203 | +51.7% |
| Other amounts payable | 47/48 | €35,245 | €20 | -€35,224 | -99.9% |
| Accrued charges and deferred income | 492/3 | - | €1,248 | +€1,248 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,015 | €29,419 | -€4,595 | -13.5% |
| Other operating charges | 640/8 | €743 | €900 | +€156 | +21.0% |
| Non-recurring operating charges | 66A | - | €33,388 | +€33,388 | |
| Gross operating margin | 9900 | €82,516 | €56,837 | -€25,679 | -31.1% |
| Operating profit (loss) | 9901 | €47,758 | -€6,870 | -€54,627 | |
| Financial income | 75/76B | €6,265 | €5,333 | -€932 | -14.9% |
| Recurring financial income | 75 | €6,265 | €5,333 | -€932 | -14.9% |
| Financial charges | 65/66B | €4,101 | €2,785 | -€1,316 | -32.1% |
| Recurring financial charges | 65 | €4,101 | €2,785 | -€1,316 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €49,921 | -€4,322 | -€54,243 | |
| Income taxes | 67/77 | €12,435 | €7,393 | -€5,042 | -40.5% |
| Profit (loss) for the period | 9904 | €37,486 | -€11,715 | -€49,201 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,486 | -€11,715 | -€49,201 |
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 18 October 2026 via checked.be.