KINEMAT: 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.
KINEMAT
Largest movements
- Cash +€23,231
up €23,231 (+26.6%), from €87,282 to €110,513
- Deferred charges and accrued income +€16,124
up €16,124 (+59.0%), from €27,319 to €43,443
- Receivables within one year -€13,078
no longer reported in 2025 (was €13,078)
- Tangible fixed assets -€8,084
down €8,084 (-2.9%), from €277,464 to €269,380
of which Land and buildings: -€48,380
- Debts after one year -€95,879
down €95,879 (-76.3%), from €125,601 to €29,722
- Other debts +€61,204
new in 2025: €61,204
- Reserves +€46,966
up €46,966 (+23.7%), from €198,179 to €245,145
of which Distributable reserves: +€46,966
- Tax, wage and social debts +€10,001
up €10,001 (+208.4%), from €4,800 to €14,801
- Current portion of long-term debt -€4,270
down €4,270 (-7.6%), from €56,550 to €52,280
- Gross operating margin +€99,743
up €99,743 (+135.8%), from €73,459 to €173,202
- Taxes +€33,938
up €33,938 (+355.6%), from €9,545 to €43,483
- Depreciation +€3,845
up €3,845 (+12.7%), from €30,315 to €34,160
- Financial charges -€3,093
down €3,093 (-41.8%), from €7,397 to €4,304
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €405,142 | €423,336 | +€18,193 | +4.5% |
| Fixed assets | 21/28 | €277,464 | €269,380 | -€8,084 | -2.9% |
| Tangible fixed assets | 22/27 | €277,464 | €269,380 | -€8,084 | -2.9% |
| Land and buildings | 22 | €272,601 | €224,222 | -€48,380 | -17.7% |
| Furniture and vehicles | 24 | €4,863 | €45,158 | +€40,295 | +828.7% |
| Current assets | 29/58 | €127,678 | €153,956 | +€26,277 | +20.6% |
| Amounts receivable within one year | 40/41 | €13,078 | - | -€13,078 | |
| Other amounts receivable | 41 | €13,078 | - | -€13,078 | |
| Cash at bank and in hand | 54/58 | €87,282 | €110,513 | +€23,231 | +26.6% |
| Deferred charges and accrued income | 490/1 | €27,319 | €43,443 | +€16,124 | +59.0% |
| Total equity and liabilities | 10/49 | €405,142 | €423,336 | +€18,193 | +4.5% |
| Equity | 10/15 | €216,240 | €263,215 | +€46,976 | +21.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €198,179 | €245,145 | +€46,966 | +23.7% |
| 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 | €196,319 | €243,285 | +€46,966 | +23.9% |
| Profit (loss) carried forward | 14 | €11,861 | €11,870 | +€10 | +0.1% |
| Amounts payable | 17/49 | €188,903 | €160,120 | -€28,782 | -15.2% |
| Amounts payable after more than one year | 17 | €125,601 | €29,722 | -€95,879 | -76.3% |
| Financial debts | 170/4 | €125,601 | €29,722 | -€95,879 | -76.3% |
| Amounts payable within one year | 42/48 | €62,875 | €130,140 | +€67,266 | +107.0% |
| Current portion of amounts payable after more than one year | 42 | €56,550 | €52,280 | -€4,270 | -7.6% |
| Trade debts | 44 | €1,525 | €1,856 | +€331 | +21.7% |
| Suppliers | 440/4 | €1,525 | €1,856 | +€331 | +21.7% |
| Taxes, remuneration and social security | 45 | €4,800 | €14,801 | +€10,001 | +208.4% |
| Taxes | 450/3 | €4,800 | €14,801 | +€10,001 | +208.4% |
| Other amounts payable | 47/48 | - | €61,204 | +€61,204 | |
| Accrued charges and deferred income | 492/3 | €427 | €258 | -€169 | -39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,315 | €34,160 | +€3,845 | +12.7% |
| Other operating charges | 640/8 | €3,102 | €3,778 | +€676 | +21.8% |
| Gross operating margin | 9900 | €73,459 | €173,202 | +€99,743 | +135.8% |
| Operating profit (loss) | 9901 | €40,043 | €135,264 | +€95,221 | +237.8% |
| Financial income | 75/76B | €1 | €1,443 | +€1,442 | +118200.0% |
| Recurring financial income | 75 | €1 | €1,443 | +€1,442 | +118200.0% |
| Financial charges | 65/66B | €7,397 | €4,304 | -€3,093 | -41.8% |
| Recurring financial charges | 65 | €7,397 | €4,304 | -€3,093 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €32,647 | €132,403 | +€99,756 | +305.6% |
| Income taxes | 67/77 | €9,545 | €43,483 | +€33,938 | +355.6% |
| Profit (loss) for the period | 9904 | €23,102 | €88,920 | +€65,817 | +284.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,102 | €88,920 | +€65,817 | +284.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2023 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.