KINEOS: 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.
KINEOS
Largest movements
- Tangible fixed assets -€11,126
down €11,126 (-7.6%), from €145,850 to €134,724
of which Other tangible fixed assets: -€6,598
- Cash +€2,824
up €2,824 (+201%), from €1,407 to €4,231
mainly Depreciation (+€14,068) and Net result for the year (+€4,869)
- Debts after one year -€12,604
down €12,604 (-9.1%), from €138,649 to €126,045
- Profit (loss) carried forward +€4,869
up €4,869 (+55.1%), from -€8,843 to -€3,975
- Gross operating margin +€2,855
up €2,855 (+13.7%), from €20,807 to €23,663
- Depreciation +€354
up €354 (+2.6%), from €13,713 to €14,068
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 | €150,342 | €142,003 | -€8,339 | -5.5% |
| Fixed assets | 21/28 | €145,850 | €134,724 | -€11,126 | -7.6% |
| Tangible fixed assets | 22/27 | €145,850 | €134,724 | -€11,126 | -7.6% |
| Land and buildings | 22 | €129,223 | €124,694 | -€4,529 | -3.5% |
| Other tangible fixed assets | 26 | €16,627 | €10,030 | -€6,598 | -39.7% |
| Current assets | 29/58 | €4,492 | €7,280 | +€2,788 | +62.1% |
| Amounts receivable within one year | 40/41 | €1,764 | €1,861 | +€97 | +5.5% |
| Other amounts receivable | 41 | €1,764 | €1,861 | +€97 | +5.5% |
| Current investments | 50/53 | €1,188 | €1,188 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,407 | €4,231 | +€2,824 | +201% |
| Deferred charges and accrued income | 490/1 | €133 | - | -€133 | |
| Total equity and liabilities | 10/49 | €150,342 | €142,003 | -€8,339 | -5.5% |
| Equity | 10/15 | -€2,643 | €2,225 | +€4,869 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,843 | -€3,975 | +€4,869 | +55.1% |
| Amounts payable | 17/49 | €152,985 | €139,778 | -€13,207 | -8.6% |
| Amounts payable after more than one year | 17 | €138,649 | €126,045 | -€12,604 | -9.1% |
| Financial debts | 170/4 | €138,649 | €126,045 | -€12,604 | -9.1% |
| Amounts payable within one year | 42/48 | €14,186 | €13,733 | -€453 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €12,482 | €12,604 | +€122 | +1.0% |
| Trade debts | 44 | €160 | €378 | +€218 | +137% |
| Suppliers | 440/4 | €160 | €378 | +€218 | +137% |
| Other amounts payable | 47/48 | €1,543 | €750 | -€793 | -51.4% |
| Accrued charges and deferred income | 492/3 | €150 | - | -€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,713 | €14,068 | +€354 | +2.6% |
| Other operating charges | 640/8 | €3,011 | €3,104 | +€93 | +3.1% |
| Gross operating margin | 9900 | €20,807 | €23,663 | +€2,855 | +13.7% |
| Operating profit (loss) | 9901 | €4,083 | €6,491 | +€2,408 | +59.0% |
| Financial charges | 65/66B | €1,768 | €1,622 | -€146 | -8.2% |
| Recurring financial charges | 65 | €1,768 | €1,622 | -€146 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €2,315 | €4,869 | +€2,554 | +110% |
| Profit (loss) for the period | 9904 | €2,315 | €4,869 | +€2,554 | +110% |
| Profit (loss) for the period to be appropriated | 9905 | €2,315 | €4,869 | +€2,554 | +110% |
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 1 November 2026 via checked.be.