KINENAT: 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.
KINENAT
Largest movements
- Deferred charges and accrued income +€23,907
up €23,907 (+404%), from €5,914 to €29,821
- Cash +€11,138
up €11,138 (+42.8%), from €26,034 to €37,172
mainly Net result for the year (+€28,956) and Tax, wage and social debts (+€7,481)
- Tangible fixed assets +€917
up €917 (+14.4%), from €6,372 to €7,290
of which Plant, machinery and equipment: +€1,252
- Profit (loss) carried forward +€28,956
up €28,956 (+96.2%), from €30,092 to €59,048
- Tax, wage and social debts +€7,481
up €7,481 (+1,001%), from €747 to €8,228
- Gross operating margin +€35,526
up €35,526 (+723%), from €4,914 to €40,440
- Taxes +€7,481
up €7,481 (+1,001%), from €747 to €8,228
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 | €46,899 | €83,440 | +€36,541 | +77.9% |
| Formation expenses | 20 | €1 | - | -€1 | |
| Fixed assets | 21/28 | €6,397 | €7,315 | +€917 | +14.3% |
| Tangible fixed assets | 22/27 | €6,372 | €7,290 | +€917 | +14.4% |
| Plant, machinery and equipment | 23 | €5,635 | €6,887 | +€1,252 | +22.2% |
| Furniture and vehicles | 24 | €738 | €403 | -€335 | -45.4% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €40,501 | €76,125 | +€35,625 | +88.0% |
| Amounts receivable within one year | 40/41 | €8,553 | €9,133 | +€580 | +6.8% |
| Trade receivables | 40 | €1,800 | - | -€1,800 | |
| Other amounts receivable | 41 | €6,753 | €9,133 | +€2,380 | +35.2% |
| Cash at bank and in hand | 54/58 | €26,034 | €37,172 | +€11,138 | +42.8% |
| Deferred charges and accrued income | 490/1 | €5,914 | €29,821 | +€23,907 | +404% |
| Total equity and liabilities | 10/49 | €46,899 | €83,440 | +€36,541 | +77.9% |
| Equity | 10/15 | €44,352 | €73,308 | +€28,956 | +65.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,092 | €59,048 | +€28,956 | +96.2% |
| Amounts payable | 17/49 | €2,547 | €10,132 | +€7,585 | +298% |
| Amounts payable within one year | 42/48 | €2,547 | €10,132 | +€7,585 | +298% |
| Trade debts | 44 | €1,800 | €1,905 | +€104 | +5.8% |
| Suppliers | 440/4 | €1,800 | €1,905 | +€104 | +5.8% |
| Taxes, remuneration and social security | 45 | €747 | €8,228 | +€7,481 | +1,001% |
| Taxes | 450/3 | €747 | €8,228 | +€7,481 | +1,001% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,472 | €1,584 | +€112 | +7.6% |
| Other operating charges | 640/8 | €1,603 | €1,522 | -€81 | -5.1% |
| Gross operating margin | 9900 | €4,914 | €40,440 | +€35,526 | +723% |
| Operating profit (loss) | 9901 | €1,840 | €37,335 | +€35,495 | +1,930% |
| Financial income | 75/76B | €7 | €2 | -€5 | -71.8% |
| Recurring financial income | 75 | €7 | €2 | -€5 | -71.8% |
| Financial charges | 65/66B | €183 | €153 | -€30 | -16.4% |
| Recurring financial charges | 65 | €183 | €153 | -€30 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €1,663 | €37,183 | +€35,520 | +2,135% |
| Income taxes | 67/77 | €747 | €8,228 | +€7,481 | +1,001% |
| Profit (loss) for the period | 9904 | €916 | €28,956 | +€28,039 | +3,060% |
| Profit (loss) for the period to be appropriated | 9905 | €916 | €28,956 | +€28,039 | +3,060% |
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.