KINEPAULE: what changed
KINEPAULE
Largest movements
- Cash +€70,188
up €70,188 (+27.2%), from €257,654 to €327,842
mainly Net result for the year (+€87,524) and Receivables within one year (+€44,008)
- Receivables within one year -€44,008
down €44,008 (-93.7%), from €46,946 to €2,938
- Tangible fixed assets -€8,373
down €8,373 (-23.1%), from €36,196 to €27,823
- Reserves +€27,000
up €27,000 (+11.7%), from €230,860 to €257,860
of which Distributable reserves: +€27,000
- Profit (loss) carried forward +€13,203
up €13,203 (+43.9%), from €30,076 to €43,279
- Trade debts -€9,375
down €9,375 (-74.7%), from €12,554 to €3,179
- Current portion of long-term debt -€9,339
no longer reported in 2025 (was €9,339)
- Tax, wage and social debts -€7,611
down €7,611 (-31.1%), from €24,496 to €16,885
- Gross operating margin +€44,992
up €44,992 (+46.9%), from €95,977 to €140,969
- Taxes +€18,350
up €18,350 (+77.9%), from €23,541 to €41,891
- Financial income -€6,740
down €6,740 (-93.8%), from €7,188 to €448
- Depreciation +€3,265
up €3,265 (+63.9%), from €5,108 to €8,373
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 | €341,776 | €361,064 | +€19,288 | +5.6% |
| Fixed assets | 21/28 | €36,196 | €27,823 | -€8,373 | -23.1% |
| Tangible fixed assets | 22/27 | €36,196 | €27,823 | -€8,373 | -23.1% |
| Furniture and vehicles | 24 | €36,196 | €27,823 | -€8,373 | -23.1% |
| Current assets | 29/58 | €305,580 | €333,241 | +€27,661 | +9.1% |
| Amounts receivable within one year | 40/41 | €46,946 | €2,938 | -€44,008 | -93.7% |
| Other amounts receivable | 41 | €46,946 | €2,938 | -€44,008 | -93.7% |
| Cash at bank and in hand | 54/58 | €257,654 | €327,842 | +€70,188 | +27.2% |
| Deferred charges and accrued income | 490/1 | €980 | €2,461 | +€1,481 | +151% |
| Total equity and liabilities | 10/49 | €341,776 | €361,064 | +€19,288 | +5.6% |
| Equity | 10/15 | €273,336 | €313,539 | +€40,203 | +14.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €230,860 | €257,860 | +€27,000 | +11.7% |
| 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 | €229,000 | €256,000 | +€27,000 | +11.8% |
| Profit (loss) carried forward | 14 | €30,076 | €43,279 | +€13,203 | +43.9% |
| Amounts payable | 17/49 | €68,440 | €47,525 | -€20,915 | -30.6% |
| Amounts payable within one year | 42/48 | €46,389 | €26,596 | -€19,793 | -42.7% |
| Current portion of amounts payable after more than one year | 42 | €9,339 | - | -€9,339 | |
| Trade debts | 44 | €12,554 | €3,179 | -€9,375 | -74.7% |
| Suppliers | 440/4 | €12,554 | €3,179 | -€9,375 | -74.7% |
| Taxes, remuneration and social security | 45 | €24,496 | €16,885 | -€7,611 | -31.1% |
| Taxes | 450/3 | €24,496 | €16,885 | -€7,611 | -31.1% |
| Other amounts payable | 47/48 | - | €6,532 | +€6,532 | |
| Accrued charges and deferred income | 492/3 | €22,051 | €20,929 | -€1,122 | -5.1% |
| Non-recurring operating income | 76A | €9,800 | - | -€9,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,108 | €8,373 | +€3,265 | +63.9% |
| Other operating charges | 640/8 | €2,998 | €2,813 | -€185 | -6.2% |
| Gross operating margin | 9900 | €95,977 | €140,969 | +€44,992 | +46.9% |
| Operating profit (loss) | 9901 | €87,871 | €129,783 | +€41,912 | +47.7% |
| Financial income | 75/76B | €7,188 | €448 | -€6,740 | -93.8% |
| Recurring financial income | 75 | €7,188 | €448 | -€6,740 | -93.8% |
| Financial charges | 65/66B | €1,670 | €816 | -€854 | -51.1% |
| Recurring financial charges | 65 | €1,670 | €816 | -€854 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | €93,389 | €129,415 | +€36,026 | +38.6% |
| Income taxes | 67/77 | €23,541 | €41,891 | +€18,350 | +77.9% |
| Profit (loss) for the period | 9904 | €69,848 | €87,524 | +€17,676 | +25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €69,848 | €87,524 | +€17,676 | +25.3% |
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 2 November 2026 via checked.be.