Kinéostéa: 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.
Kinéostéa
Largest movements
- Tangible fixed assets -€49,448
down €49,448 (-28.3%), from €174,443 to €124,996
of which Furniture and vehicles: -€37,439
- Cash +€15,986
up €15,986 (+426%), from €3,752 to €19,738
mainly Depreciation (+€27,661) and Investment in fixed assets (net) (+€21,787)
- Deferred charges and accrued income -€7,266
down €7,266 (-57.7%), from €12,598 to €5,331
- Debts after one year -€34,955
down €34,955 (-28.5%), from €122,633 to €87,678
- Current portion of long-term debt -€7,778
down €7,778 (-30.0%), from €25,906 to €18,128
- Turnover -€92,187
down €92,187 (-45.7%), from €201,883 to €109,696
- Purchases and services -€87,686
down €87,686 (-53.6%), from €163,684 to €75,998
- Gross operating margin -€9,041
down €9,041 (-19.3%), from €46,793 to €37,752
- Depreciation -€6,836
down €6,836 (-19.8%), from €34,497 to €27,661
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 | €190,793 | €150,065 | -€40,728 | -21.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €174,443 | €124,996 | -€49,448 | -28.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €174,443 | €124,996 | -€49,448 | -28.3% |
| Land and buildings | 22 | €5,327 | €7,605 | +€2,278 | +42.8% |
| Plant, machinery and equipment | 23 | €23,501 | €17,267 | -€6,234 | -26.5% |
| Furniture and vehicles | 24 | €57,048 | €19,609 | -€37,439 | -65.6% |
| Other tangible fixed assets | 26 | €88,567 | €80,516 | -€8,052 | -9.1% |
| Current assets | 29/58 | €16,350 | €25,070 | +€8,720 | +53.3% |
| Amounts receivable within one year | 40/41 | €0 | €0 | = | |
| Trade receivables | 40 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €3,752 | €19,738 | +€15,986 | +426% |
| Deferred charges and accrued income | 490/1 | €12,598 | €5,331 | -€7,266 | -57.7% |
| Total equity and liabilities | 10/49 | €190,793 | €150,065 | -€40,728 | -21.3% |
| Equity | 10/15 | €38,111 | €39,607 | +€1,496 | +3.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,051 | €31,547 | +€1,496 | +5.0% |
| Amounts payable | 17/49 | €152,682 | €110,459 | -€42,223 | -27.7% |
| Amounts payable after more than one year | 17 | €122,633 | €87,678 | -€34,955 | -28.5% |
| Financial debts | 170/4 | €122,633 | €87,678 | -€34,955 | -28.5% |
| Amounts payable within one year | 42/48 | €30,048 | €22,781 | -€7,268 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €25,906 | €18,128 | -€7,778 | -30.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €817 | €983 | +€166 | +20.3% |
| Suppliers | 440/4 | €817 | €983 | +€166 | +20.3% |
| Taxes, remuneration and social security | 45 | €1,388 | €3,067 | +€1,679 | +121% |
| Taxes | 450/3 | €1,388 | €3,067 | +€1,679 | +121% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €1,938 | €602 | -€1,335 | -68.9% |
| Turnover | 70 | €201,883 | €109,696 | -€92,187 | -45.7% |
| Non-recurring operating income | 76A | €2,716 | - | -€2,716 | |
| Goods, raw materials, services and sundry goods | 60/61 | €163,684 | €75,998 | -€87,686 | -53.6% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,497 | €27,661 | -€6,836 | -19.8% |
| Other operating charges | 640/8 | €1,250 | €1,276 | +€26 | +2.1% |
| Non-recurring operating charges | 66A | - | €1,719 | +€1,719 | |
| Gross operating margin | 9900 | €46,793 | €37,752 | -€9,041 | -19.3% |
| Operating profit (loss) | 9901 | €11,047 | €7,096 | -€3,950 | -35.8% |
| Financial income | 75/76B | €20 | €0 | -€20 | -99.9% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -99.9% |
| Financial charges | 65/66B | €5,169 | €3,922 | -€1,247 | -24.1% |
| Recurring financial charges | 65 | €5,169 | €3,922 | -€1,247 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €5,898 | €3,175 | -€2,723 | -46.2% |
| Income taxes | 67/77 | €1,388 | €1,679 | +€292 | +21.0% |
| Profit (loss) for the period | 9904 | €4,510 | €1,496 | -€3,015 | -66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,510 | €1,496 | -€3,015 | -66.8% |
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 20 October 2026 via checked.be.