KINEOLE: 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.
KINEOLE
Largest movements
- Tangible fixed assets -€6,921
down €6,921 (-13.8%), from €49,992 to €43,070
of which Furniture and vehicles: -€15,548
- Deferred charges and accrued income -€3,422
down €3,422 (-51.6%), from €6,625 to €3,203
- Cash +€1,600
up €1,600 (+2.7%), from €58,506 to €60,106
mainly Depreciation (+€17,934) and Net result for the year (+€8,589)
- Receivables within one year +€1,406
up €1,406 (+46.1%), from €3,051 to €4,457
of which Other amounts receivable: +€1,476
- Reserves -€6,000
down €6,000 (-11.1%), from €54,000 to €48,000
- Current portion of long-term debt +€2,309
up €2,309 (+25.4%), from €9,079 to €11,388
- Other debts -€1,625
down €1,625 (-12.0%), from €13,555 to €11,930
- Debts after one year -€1,392
down €1,392 (-5.5%), from €25,205 to €23,813
- Depreciation +€9,666
up €9,666 (+117%), from €8,267 to €17,934
- Financial income +€4,005
up €4,005 (+5,006,213%), from €0 to €4,005
of which Non-recurring financial income: +€4,000
- Gross operating margin +€2,043
up €2,043 (+6.9%), from €29,488 to €31,531
- Financial charges +€924
up €924 (+214%), from €432 to €1,357
- Other operating charges -€538
down €538 (-28.8%), from €1,871 to €1,333
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 | €118,174 | €110,836 | -€7,338 | -6.2% |
| Fixed assets | 21/28 | €49,992 | €43,070 | -€6,921 | -13.8% |
| Tangible fixed assets | 22/27 | €49,992 | €43,070 | -€6,921 | -13.8% |
| Plant, machinery and equipment | 23 | €8,864 | €17,491 | +€8,627 | +97.3% |
| Furniture and vehicles | 24 | €41,128 | €25,580 | -€15,548 | -37.8% |
| Current assets | 29/58 | €68,182 | €67,766 | -€416 | -0.6% |
| Amounts receivable within one year | 40/41 | €3,051 | €4,457 | +€1,406 | +46.1% |
| Trade receivables | 40 | €171 | €100 | -€71 | -41.5% |
| Other amounts receivable | 41 | €2,880 | €4,357 | +€1,476 | +51.3% |
| Cash at bank and in hand | 54/58 | €58,506 | €60,106 | +€1,600 | +2.7% |
| Deferred charges and accrued income | 490/1 | €6,625 | €3,203 | -€3,422 | -51.6% |
| Total equity and liabilities | 10/49 | €118,174 | €110,836 | -€7,338 | -6.2% |
| Equity | 10/15 | €60,231 | €54,534 | -€5,697 | -9.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €54,000 | €48,000 | -€6,000 | -11.1% |
| Distributable reserves | 133 | €54,000 | €48,000 | -€6,000 | -11.1% |
| Profit (loss) carried forward | 14 | €31 | €334 | +€303 | +988% |
| Amounts payable | 17/49 | €57,943 | €56,303 | -€1,641 | -2.8% |
| Amounts payable after more than one year | 17 | €25,205 | €23,813 | -€1,392 | -5.5% |
| Financial debts | 170/4 | €25,205 | €23,813 | -€1,392 | -5.5% |
| Amounts payable within one year | 42/48 | €32,738 | €32,490 | -€248 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €9,079 | €11,388 | +€2,309 | +25.4% |
| Financial debts | 43 | €92 | €318 | +€225 | +244% |
| Credit institutions | 430/8 | €92 | €318 | +€225 | +244% |
| Trade debts | 44 | €1,493 | €783 | -€711 | -47.6% |
| Suppliers | 440/4 | €1,493 | €783 | -€711 | -47.6% |
| Taxes, remuneration and social security | 45 | €8,517 | €8,071 | -€447 | -5.2% |
| Taxes | 450/3 | €8,517 | €8,071 | -€447 | -5.2% |
| Other amounts payable | 47/48 | €13,555 | €11,930 | -€1,625 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,267 | €17,934 | +€9,666 | +117% |
| Other operating charges | 640/8 | €1,871 | €1,333 | -€538 | -28.8% |
| Gross operating margin | 9900 | €29,488 | €31,531 | +€2,043 | +6.9% |
| Operating profit (loss) | 9901 | €19,350 | €12,265 | -€7,086 | -36.6% |
| Financial income | 75/76B | €0 | €4,005 | +€4,005 | +5,006,213% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +6,213% |
| Non-recurring financial income | 76B | - | €4,000 | +€4,000 | |
| Financial charges | 65/66B | €432 | €1,357 | +€924 | +214% |
| Recurring financial charges | 65 | €432 | €1,357 | +€924 | +214% |
| Profit (loss) for the period before taxes | 9903 | €18,918 | €14,913 | -€4,005 | -21.2% |
| Income taxes | 67/77 | €6,035 | €6,324 | +€289 | +4.8% |
| Profit (loss) for the period | 9904 | €12,883 | €8,589 | -€4,294 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,883 | €8,589 | -€4,294 | -33.3% |
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.