KINEPAS: what changed
Two fiscal 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.
KINEPAS
Largest movements
- Cash +€99,104
up €99,104 (+134.8%), from €73,520 to €172,624
mainly Current investments (+€70,000) and Net result for the year (+€21,713)
- Current investments -€70,000
down €70,000 (-87.4%), from €80,053 to €10,053
- Tangible fixed assets -€19,997
down €19,997 (-29.6%), from €67,522 to €47,525
of which Land and buildings: -€15,071
- Reserves +€21,713
up €21,713 (+11.8%), from €184,426 to €206,139
of which Distributable reserves: +€21,713
- Current portion of long-term debt -€8,702
no longer reported in 2025 (was €8,702)
- Other debts -€4,735
down €4,735 (-23.3%), from €20,319 to €15,584
- Financial income +€2,552
up €2,552 (+912.3%), from €280 to €2,832
- Gross operating margin -€2,327
down €2,327 (-4.3%), from €53,619 to €51,291
- Depreciation -€2,033
down €2,033 (-9.2%), from €22,030 to €19,997
- Taxes +€757
up €757 (+8.7%), from €8,726 to €9,482
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.
Cash bridge derived
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 | €221,095 | €230,558 | +€9,464 | +4.3% |
| Fixed assets | 21/28 | €67,522 | €47,525 | -€19,997 | -29.6% |
| Tangible fixed assets | 22/27 | €67,522 | €47,525 | -€19,997 | -29.6% |
| Land and buildings | 22 | €58,675 | €43,604 | -€15,071 | -25.7% |
| Plant, machinery and equipment | 23 | €5,171 | €3,703 | -€1,468 | -28.4% |
| Furniture and vehicles | 24 | €3,676 | €218 | -€3,458 | -94.1% |
| Current assets | 29/58 | €153,573 | €183,033 | +€29,460 | +19.2% |
| Current investments | 50/53 | €80,053 | €10,053 | -€70,000 | -87.4% |
| Cash at bank and in hand | 54/58 | €73,520 | €172,624 | +€99,104 | +134.8% |
| Deferred charges and accrued income | 490/1 | - | €356 | +€356 | |
| Total equity and liabilities | 10/49 | €221,095 | €230,558 | +€9,464 | +4.3% |
| Equity | 10/15 | €184,426 | €206,139 | +€21,713 | +11.8% |
| Reserves | 13 | €184,426 | €206,139 | +€21,713 | +11.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €182,566 | €204,279 | +€21,713 | +11.9% |
| Amounts payable | 17/49 | €36,669 | €24,420 | -€12,249 | -33.4% |
| Amounts payable within one year | 42/48 | €36,669 | €24,420 | -€12,249 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | €8,702 | - | -€8,702 | |
| Trade debts | 44 | €1,596 | €2,790 | +€1,194 | +74.8% |
| Suppliers | 440/4 | €1,596 | €2,790 | +€1,194 | +74.8% |
| Taxes, remuneration and social security | 45 | €6,052 | €6,046 | -€6 | -0.1% |
| Taxes | 450/3 | €3,642 | €3,636 | -€6 | -0.2% |
| Remuneration and social security | 454/9 | €2,410 | €2,410 | = | 0.0% |
| Other amounts payable | 47/48 | €20,319 | €15,584 | -€4,735 | -23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,030 | €19,997 | -€2,033 | -9.2% |
| Other operating charges | 640/8 | €2,450 | €2,627 | +€177 | +7.2% |
| Gross operating margin | 9900 | €53,619 | €51,291 | -€2,327 | -4.3% |
| Operating profit (loss) | 9901 | €29,139 | €28,668 | -€471 | -1.6% |
| Financial income | 75/76B | €280 | €2,832 | +€2,552 | +912.3% |
| Recurring financial income | 75 | €280 | €2,832 | +€2,552 | +912.3% |
| Financial charges | 65/66B | €415 | €305 | -€110 | -26.6% |
| Recurring financial charges | 65 | €415 | €305 | -€110 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €29,004 | €31,195 | +€2,191 | +7.6% |
| Income taxes | 67/77 | €8,726 | €9,482 | +€757 | +8.7% |
| Profit (loss) for the period | 9904 | €20,278 | €21,713 | +€1,435 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,278 | €21,713 | +€1,435 | +7.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.