KINEPELT: 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.
KINEPELT
Largest movements
- Cash -€125,044
down €125,044 (-26.5%), from €471,274 to €346,231
mainly Contributions, distributions and other (-€221,599) and Debts after one year (-€88,465)
- Tangible fixed assets -€42,203
down €42,203 (-11.8%), from €357,540 to €315,336
of which Land and buildings: -€51,745
- Receivables within one year -€18,138
no longer reported in 2025 (was €18,138)
of which Other amounts receivable: -€16,751
- Reserves -€112,247
down €112,247 (-18.2%), from €616,573 to €504,325
of which Distributable reserves: -€112,247
- Debts after one year -€88,465
down €88,465 (-42.5%), from €208,119 to €119,655
- Other debts +€19,081
up €19,081 (+1,090%), from €1,750 to €20,831
- Gross operating margin -€55,709
down €55,709 (-15.5%), from €359,626 to €303,917
- Taxes -€21,600
down €21,600 (-32.0%), from €67,449 to €45,849
- Staff costs +€6,352
up €6,352 (+9.5%), from €67,130 to €73,482
- Financial income -€5,068
down €5,068 (-56.3%), from €9,006 to €3,939
- Financial charges -€3,784
down €3,784 (-35.9%), from €10,530 to €6,746
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 | €946,952 | €761,567 | -€185,385 | -19.6% |
| Fixed assets | 21/28 | €357,540 | €315,336 | -€42,203 | -11.8% |
| Tangible fixed assets | 22/27 | €357,540 | €315,336 | -€42,203 | -11.8% |
| Land and buildings | 22 | €337,001 | €285,256 | -€51,745 | -15.4% |
| Plant, machinery and equipment | 23 | €13,584 | €22,045 | +€8,462 | +62.3% |
| Furniture and vehicles | 24 | €6,955 | €8,035 | +€1,080 | +15.5% |
| Current assets | 29/58 | €589,412 | €446,231 | -€143,181 | -24.3% |
| Amounts receivable within one year | 40/41 | €18,138 | - | -€18,138 | |
| Trade receivables | 40 | €1,386 | - | -€1,386 | |
| Other amounts receivable | 41 | €16,751 | - | -€16,751 | |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €471,274 | €346,231 | -€125,044 | -26.5% |
| Total equity and liabilities | 10/49 | €946,952 | €761,567 | -€185,385 | -19.6% |
| Equity | 10/15 | €622,773 | €510,525 | -€112,247 | -18.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €616,573 | €504,325 | -€112,247 | -18.2% |
| 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 | €614,713 | €502,465 | -€112,247 | -18.3% |
| Provisions and deferred taxes | 16 | €10,000 | €10,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €314,179 | €241,042 | -€73,137 | -23.3% |
| Amounts payable after more than one year | 17 | €208,119 | €119,655 | -€88,465 | -42.5% |
| Financial debts | 170/4 | €208,119 | €119,655 | -€88,465 | -42.5% |
| Amounts payable within one year | 42/48 | €106,060 | €121,387 | +€15,327 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €37,171 | €38,465 | +€1,293 | +3.5% |
| Trade debts | 44 | €4,853 | €8,244 | +€3,391 | +69.9% |
| Suppliers | 440/4 | €4,853 | €8,244 | +€3,391 | +69.9% |
| Taxes, remuneration and social security | 45 | €62,285 | €53,848 | -€8,437 | -13.5% |
| Taxes | 450/3 | €52,854 | €42,505 | -€10,349 | -19.6% |
| Remuneration and social security | 454/9 | €9,431 | €11,343 | +€1,912 | +20.3% |
| Other amounts payable | 47/48 | €1,750 | €20,831 | +€19,081 | +1,090% |
| Remuneration, social security and pensions | 62 | €67,130 | €73,482 | +€6,352 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,634 | €68,390 | +€3,756 | +5.8% |
| Other operating charges | 640/8 | €4,338 | €4,037 | -€301 | -6.9% |
| Gross operating margin | 9900 | €359,626 | €303,917 | -€55,709 | -15.5% |
| Operating profit (loss) | 9901 | €223,524 | €158,008 | -€65,516 | -29.3% |
| Financial income | 75/76B | €9,006 | €3,939 | -€5,068 | -56.3% |
| Recurring financial income | 75 | €9,006 | €3,939 | -€5,068 | -56.3% |
| Financial charges | 65/66B | €10,530 | €6,746 | -€3,784 | -35.9% |
| Recurring financial charges | 65 | €10,530 | €6,746 | -€3,784 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €222,000 | €155,201 | -€66,799 | -30.1% |
| Income taxes | 67/77 | €67,449 | €45,849 | -€21,600 | -32.0% |
| Profit (loss) for the period | 9904 | €154,552 | €109,352 | -€45,200 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €154,552 | €109,352 | -€45,200 | -29.2% |
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 28 October 2026 via checked.be.