KINEO: 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.
KINEO
Largest movements
- Receivables within one year +€27,390
up €27,390 (+71.2%), from €38,453 to €65,843
of which Trade receivables: +€24,020
- Cash -€6,695
down €6,695 (-57.9%), from €11,572 to €4,876
mainly Receivables within one year (-€27,390) and Tax, wage and social debts (-€5,836)
- Trade debts +€31,768
up €31,768 (+239%), from €13,291 to €45,059
- Tax, wage and social debts -€5,836
down €5,836 (-24.5%), from €23,846 to €18,010
of which Taxes: -€5,538
- Short-term financial debts -€5,325
down €5,325 (-92.4%), from €5,762 to €437
- Gross operating margin -€4,264
down €4,264 (-5.2%), from €82,109 to €77,845
- Staff costs -€4,058
down €4,058 (-5.0%), from €81,080 to €77,023
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 | €50,402 | €70,941 | +€20,539 | +40.8% |
| Fixed assets | 21/28 | €200 | €200 | = | 0.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €50,202 | €70,741 | +€20,539 | +40.9% |
| Amounts receivable within one year | 40/41 | €38,453 | €65,843 | +€27,390 | +71.2% |
| Trade receivables | 40 | €38,320 | €62,340 | +€24,020 | +62.7% |
| Other amounts receivable | 41 | €133 | €3,503 | +€3,370 | +2,527% |
| Cash at bank and in hand | 54/58 | €11,572 | €4,876 | -€6,695 | -57.9% |
| Deferred charges and accrued income | 490/1 | €176 | €21 | -€155 | -88.1% |
| Total equity and liabilities | 10/49 | €50,402 | €70,941 | +€20,539 | +40.8% |
| Equity | 10/15 | €7,346 | €7,345 | -€2 | 0.0% |
| Contributions | 10/11 | €6,697 | €6,697 | = | 0.0% |
| Profit (loss) carried forward | 14 | €649 | €647 | -€2 | -0.3% |
| Amounts payable | 17/49 | €43,055 | €63,596 | +€20,541 | +47.7% |
| Amounts payable within one year | 42/48 | €42,990 | €63,596 | +€20,607 | +47.9% |
| Financial debts | 43 | €5,762 | €437 | -€5,325 | -92.4% |
| Credit institutions | 430/8 | €5,762 | €437 | -€5,325 | -92.4% |
| Trade debts | 44 | €13,291 | €45,059 | +€31,768 | +239% |
| Suppliers | 440/4 | €13,291 | €45,059 | +€31,768 | +239% |
| Taxes, remuneration and social security | 45 | €23,846 | €18,010 | -€5,836 | -24.5% |
| Taxes | 450/3 | €9,590 | €4,052 | -€5,538 | -57.7% |
| Remuneration and social security | 454/9 | €14,256 | €13,958 | -€298 | -2.1% |
| Other amounts payable | 47/48 | €90 | €90 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €66 | - | -€66 | |
| Remuneration, social security and pensions | 62 | €81,080 | €77,023 | -€4,058 | -5.0% |
| Other operating charges | 640/8 | €1,011 | €620 | -€391 | -38.7% |
| Gross operating margin | 9900 | €82,109 | €77,845 | -€4,264 | -5.2% |
| Operating profit (loss) | 9901 | €17 | €202 | +€185 | +1,072% |
| Financial income | 75/76B | - | €31 | +€31 | |
| Recurring financial income | 75 | - | €31 | +€31 | |
| Financial charges | 65/66B | €153 | €235 | +€82 | +53.3% |
| Recurring financial charges | 65 | €153 | €235 | +€82 | +53.3% |
| Profit (loss) for the period before taxes | 9903 | -€136 | -€2 | +€134 | +98.6% |
| Income taxes | 67/77 | €218 | - | -€218 | |
| Profit (loss) for the period | 9904 | -€354 | -€2 | +€352 | +99.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€354 | -€2 | +€352 | +99.5% |
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 23 October 2026 via checked.be.