KINEOSTAC: what changed
KINEOSTAC
Largest movements
- Tangible fixed assets +€33,028
up €33,028 (+1,520%), from €2,174 to €35,202
of which Furniture and vehicles: +€35,202
- Cash -€7,298
down €7,298 (-99.2%), from €7,355 to €57
mainly Investment in fixed assets (net) (-€42,377) and Net result for the year (-€12,194)
- Receivables within one year -€3,259
down €3,259 (-19.2%), from €16,970 to €13,712
of which Trade receivables: -€4,437
- Debts after one year +€27,686
new in 2025: €27,686
- Profit (loss) carried forward -€12,194
down €12,194, from €12,143 to -€51
- Current portion of long-term debt +€8,129
new in 2025: €8,129
- Other debts -€1,665
down €1,665 (-100%), from €1,665 to €0
- Trade debts +€619
up €619 (+64.5%), from €961 to €1,581
- Gross operating margin -€6,650
down €6,650 (-91.4%), from €7,275 to €625
- Depreciation +€5,740
up €5,740 (+159%), from €3,609 to €9,349
- Financial charges +€1,343
up €1,343 (+1,408%), from €95 to €1,438
- Other operating charges +€1,250
up €1,250 (+323%), from €387 to €1,637
- Taxes -€456
down €456 (-53.6%), from €850 to €394
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,926 | €49,502 | +€22,576 | +83.8% |
| Fixed assets | 21/28 | €2,174 | €35,202 | +€33,028 | +1,520% |
| Tangible fixed assets | 22/27 | €2,174 | €35,202 | +€33,028 | +1,520% |
| Plant, machinery and equipment | 23 | €2,174 | €0 | -€2,174 | -100% |
| Furniture and vehicles | 24 | - | €35,202 | +€35,202 | |
| Current assets | 29/58 | €24,752 | €14,300 | -€10,452 | -42.2% |
| Amounts receivable within one year | 40/41 | €16,970 | €13,712 | -€3,259 | -19.2% |
| Trade receivables | 40 | €14,690 | €10,253 | -€4,437 | -30.2% |
| Other amounts receivable | 41 | €2,281 | €3,459 | +€1,178 | +51.7% |
| Cash at bank and in hand | 54/58 | €7,355 | €57 | -€7,298 | -99.2% |
| Deferred charges and accrued income | 490/1 | €427 | €531 | +€104 | +24.5% |
| Total equity and liabilities | 10/49 | €26,926 | €49,502 | +€22,576 | +83.8% |
| Equity | 10/15 | €24,300 | €12,106 | -€12,194 | -50.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €7,157 | €7,157 | = | 0.0% |
| Distributable reserves | 133 | €7,157 | €7,157 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,143 | -€51 | -€12,194 | |
| Amounts payable | 17/49 | €2,626 | €37,396 | +€34,770 | +1,324% |
| Amounts payable after more than one year | 17 | - | €27,686 | +€27,686 | |
| Financial debts | 170/4 | - | €27,686 | +€27,686 | |
| Amounts payable within one year | 42/48 | €2,626 | €9,710 | +€7,084 | +270% |
| Current portion of amounts payable after more than one year | 42 | - | €8,129 | +€8,129 | |
| Trade debts | 44 | €961 | €1,581 | +€619 | +64.5% |
| Suppliers | 440/4 | €961 | €1,581 | +€619 | +64.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,665 | €0 | -€1,665 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,609 | €9,349 | +€5,740 | +159% |
| Other operating charges | 640/8 | €387 | €1,637 | +€1,250 | +323% |
| Gross operating margin | 9900 | €7,275 | €625 | -€6,650 | -91.4% |
| Operating profit (loss) | 9901 | €3,279 | -€10,361 | -€13,640 | |
| Financial charges | 65/66B | €95 | €1,438 | +€1,343 | +1,408% |
| Recurring financial charges | 65 | €95 | €1,438 | +€1,343 | +1,408% |
| Profit (loss) for the period before taxes | 9903 | €3,183 | -€11,799 | -€14,983 | |
| Income taxes | 67/77 | €850 | €394 | -€456 | -53.6% |
| Profit (loss) for the period | 9904 | €2,333 | -€12,194 | -€14,526 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,333 | -€12,194 | -€14,526 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.