KINEMOVE: 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.
KINEMOVE
Largest movements
- Receivables within one year +€45,549
up €45,549 (+172%), from €26,470 to €72,019
of which Trade receivables: +€45,320
- Tangible fixed assets +€24,958
up €24,958 (+276%), from €9,046 to €34,004
of which Plant, machinery and equipment: +€18,245
- Cash +€21,059
up €21,059 (+29.2%), from €72,217 to €93,276
mainly Accrued charges and deferred income (+€62,246) and Debts after one year (+€19,212)
- Deferred charges and accrued income +€4,180
up €4,180 (+31.7%), from €13,179 to €17,359
- Accrued charges and deferred income +€62,246
up €62,246 (+182%), from €34,129 to €96,375
- Debts after one year +€19,212
new in 2025: €19,212
- Reserves +€13,677
up €13,677 (+29.0%), from €47,085 to €60,761
of which Distributable reserves: +€13,677
- Current portion of long-term debt +€7,252
up €7,252, from €0 to €7,252
- Trade debts -€7,073
down €7,073 (-85.5%), from €8,274 to €1,202
- Gross operating margin +€21,658
up €21,658 (+87.6%), from €24,738 to €46,396
- Staff costs +€12,177
new in 2025: €12,177
- Depreciation +€7,702
up €7,702 (+207%), from €3,717 to €11,419
- Financial charges -€1,645
down €1,645 (-70.3%), from €2,339 to €694
of which Non-recurring financial charges: -€2,105
- Other operating charges -€1,279
down €1,279 (-67.5%), from €1,894 to €615
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 | €120,911 | €216,657 | +€95,746 | +79.2% |
| Fixed assets | 21/28 | €9,046 | €34,004 | +€24,958 | +276% |
| Tangible fixed assets | 22/27 | €9,046 | €34,004 | +€24,958 | +276% |
| Plant, machinery and equipment | 23 | €6,648 | €24,893 | +€18,245 | +274% |
| Furniture and vehicles | 24 | €2,398 | €1,792 | -€606 | -25.3% |
| Other tangible fixed assets | 26 | - | €7,319 | +€7,319 | |
| Current assets | 29/58 | €111,865 | €182,653 | +€70,788 | +63.3% |
| Amounts receivable within one year | 40/41 | €26,470 | €72,019 | +€45,549 | +172% |
| Trade receivables | 40 | €26,425 | €71,745 | +€45,320 | +172% |
| Other amounts receivable | 41 | €45 | €274 | +€229 | +506% |
| Cash at bank and in hand | 54/58 | €72,217 | €93,276 | +€21,059 | +29.2% |
| Deferred charges and accrued income | 490/1 | €13,179 | €17,359 | +€4,180 | +31.7% |
| Total equity and liabilities | 10/49 | €120,911 | €216,657 | +€95,746 | +79.2% |
| Equity | 10/15 | €65,685 | €79,361 | +€13,677 | +20.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,085 | €60,761 | +€13,677 | +29.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €47,085 | €60,761 | +€13,677 | +29.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €55,227 | €137,296 | +€82,069 | +149% |
| Amounts payable after more than one year | 17 | - | €19,212 | +€19,212 | |
| Financial debts | 170/4 | - | €19,212 | +€19,212 | |
| Amounts payable within one year | 42/48 | €21,097 | €21,709 | +€611 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | €7,252 | +€7,252 | |
| Trade debts | 44 | €8,274 | €1,202 | -€7,073 | -85.5% |
| Suppliers | 440/4 | €8,274 | €1,202 | -€7,073 | -85.5% |
| Taxes, remuneration and social security | 45 | €11,388 | €10,255 | -€1,133 | -10.0% |
| Taxes | 450/3 | €11,388 | €10,255 | -€1,133 | -10.0% |
| Other amounts payable | 47/48 | €1,435 | €3,000 | +€1,565 | +109% |
| Accrued charges and deferred income | 492/3 | €34,129 | €96,375 | +€62,246 | +182% |
| Remuneration, social security and pensions | 62 | - | €12,177 | +€12,177 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,717 | €11,419 | +€7,702 | +207% |
| Other operating charges | 640/8 | €1,894 | €615 | -€1,279 | -67.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €24,738 | €46,396 | +€21,658 | +87.6% |
| Operating profit (loss) | 9901 | €19,126 | €22,185 | +€3,059 | +16.0% |
| Financial income | 75/76B | €6 | €0 | -€6 | -100% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -100% |
| Financial charges | 65/66B | €2,339 | €694 | -€1,645 | -70.3% |
| Recurring financial charges | 65 | €234 | €694 | +€461 | +197% |
| Non-recurring financial charges | 66B | €2,105 | €0 | -€2,105 | -100% |
| Profit (loss) for the period before taxes | 9903 | €16,793 | €21,491 | +€4,698 | +28.0% |
| Income taxes | 67/77 | €5,041 | €4,814 | -€227 | -4.5% |
| Profit (loss) for the period | 9904 | €11,752 | €16,677 | +€4,925 | +41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,752 | €16,677 | +€4,925 | +41.9% |
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 14 October 2026 via checked.be.