KINENA: 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.
KINENA
Largest movements
- Cash +€33,003
up €33,003 (+76.8%), from €42,958 to €75,961
mainly Net result for the year (+€27,038) and Receivables within one year (+€9,801)
- Receivables within one year -€9,801
no longer reported in 2025 (was €9,801)
of which Trade receivables: -€9,775
- Tangible fixed assets +€916
up €916 (+145.3%), from €631 to €1,546
- Profit (loss) carried forward +€27,038
up €27,038 (+58.8%), from €45,970 to €73,008
- Tax, wage and social debts -€2,905
down €2,905 (-51.1%), from €5,682 to €2,777
of which Taxes: -€2,045
- Gross operating margin -€9,475
down €9,475 (-21.1%), from €44,812 to €35,337
- Taxes -€1,927
down €1,927 (-20.8%), from €9,269 to €7,342
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 | €53,529 | €77,508 | +€23,979 | +44.8% |
| Fixed assets | 21/28 | €631 | €1,546 | +€916 | +145.3% |
| Tangible fixed assets | 22/27 | €631 | €1,546 | +€916 | +145.3% |
| Furniture and vehicles | 24 | €631 | €1,546 | +€916 | +145.3% |
| Current assets | 29/58 | €52,898 | €75,961 | +€23,063 | +43.6% |
| Amounts receivable within one year | 40/41 | €9,801 | - | -€9,801 | |
| Trade receivables | 40 | €9,775 | - | -€9,775 | |
| Other amounts receivable | 41 | €26 | - | -€26 | |
| Cash at bank and in hand | 54/58 | €42,958 | €75,961 | +€33,003 | +76.8% |
| Deferred charges and accrued income | 490/1 | €139 | - | -€139 | |
| Total equity and liabilities | 10/49 | €53,529 | €77,508 | +€23,979 | +44.8% |
| Equity | 10/15 | €47,470 | €74,508 | +€27,038 | +57.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,970 | €73,008 | +€27,038 | +58.8% |
| Amounts payable | 17/49 | €6,059 | €3,000 | -€3,060 | -50.5% |
| Amounts payable within one year | 42/48 | €6,059 | €3,000 | -€3,060 | -50.5% |
| Trade debts | 44 | €377 | - | -€377 | |
| Suppliers | 440/4 | €377 | - | -€377 | |
| Taxes, remuneration and social security | 45 | €5,682 | €2,777 | -€2,905 | -51.1% |
| Taxes | 450/3 | €2,870 | €825 | -€2,045 | -71.3% |
| Remuneration and social security | 454/9 | €2,812 | €1,952 | -€860 | -30.6% |
| Other amounts payable | 47/48 | - | €223 | +€223 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €333 | €413 | +€80 | +24.1% |
| Other operating charges | 640/8 | €387 | €484 | +€97 | +25.0% |
| Gross operating margin | 9900 | €44,812 | €35,337 | -€9,475 | -21.1% |
| Operating profit (loss) | 9901 | €44,092 | €34,440 | -€9,652 | -21.9% |
| Financial charges | 65/66B | €60 | €60 | = | 0.0% |
| Recurring financial charges | 65 | €60 | €60 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €44,032 | €34,380 | -€9,652 | -21.9% |
| Income taxes | 67/77 | €9,269 | €7,342 | -€1,927 | -20.8% |
| Profit (loss) for the period | 9904 | €34,763 | €27,038 | -€7,725 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,763 | €27,038 | -€7,725 | -22.2% |
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 29 September 2026 via checked.be.