KinePhie: 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.
KinePhie
Largest movements
- Tangible fixed assets +€55,664
up €55,664 (+1,748%), from €3,184 to €58,848
of which Furniture and vehicles: +€56,522
- Cash +€32,466
up €32,466 (+330%), from €9,841 to €42,307
mainly Debts after one year (+€42,390) and Net result for the year (+€24,417)
- Receivables within one year -€8,884
down €8,884 (-84.4%), from €10,524 to €1,639
of which Other amounts receivable: -€6,760
- Intangible fixed assets +€2,982
up €2,982 (+61.0%), from €4,888 to €7,871
- Debts after one year +€42,390
new in 2025: €42,390
- Profit (loss) carried forward +€24,417
up €24,417 (+344%), from €7,106 to €31,523
- Current portion of long-term debt +€11,602
new in 2025: €11,602
- Trade debts +€1,864
up €1,864 (+216%), from €863 to €2,727
- Gross operating margin +€31,988
up €31,988 (+264%), from €12,119 to €44,107
- Depreciation +€9,499
up €9,499 (+375%), from €2,534 to €12,033
- Taxes +€4,169
up €4,169 (+186%), from €2,240 to €6,409
- Financial charges +€1,203
up €1,203 (+4,372%), from €28 to €1,230
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 | €30,733 | €112,420 | +€81,687 | +266% |
| Formation expenses | 20 | €2,285 | €1,756 | -€529 | -23.2% |
| Fixed assets | 21/28 | €8,072 | €66,719 | +€58,646 | +727% |
| Intangible fixed assets | 21 | €4,888 | €7,871 | +€2,982 | +61.0% |
| Tangible fixed assets | 22/27 | €3,184 | €58,848 | +€55,664 | +1,748% |
| Plant, machinery and equipment | 23 | €3,184 | €2,326 | -€858 | -26.9% |
| Furniture and vehicles | 24 | - | €56,522 | +€56,522 | |
| Current assets | 29/58 | €20,376 | €43,946 | +€23,570 | +116% |
| Amounts receivable within one year | 40/41 | €10,524 | €1,639 | -€8,884 | -84.4% |
| Trade receivables | 40 | €3,764 | €1,639 | -€2,125 | -56.4% |
| Other amounts receivable | 41 | €6,760 | - | -€6,760 | |
| Cash at bank and in hand | 54/58 | €9,841 | €42,307 | +€32,466 | +330% |
| Deferred charges and accrued income | 490/1 | €12 | - | -€12 | |
| Total equity and liabilities | 10/49 | €30,733 | €112,420 | +€81,687 | +266% |
| Equity | 10/15 | €9,506 | €33,923 | +€24,417 | +257% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,106 | €31,523 | +€24,417 | +344% |
| Amounts payable | 17/49 | €21,227 | €78,497 | +€57,270 | +270% |
| Amounts payable after more than one year | 17 | - | €42,390 | +€42,390 | |
| Financial debts | 170/4 | - | €42,390 | +€42,390 | |
| Amounts payable within one year | 42/48 | €21,227 | €36,108 | +€14,880 | +70.1% |
| Current portion of amounts payable after more than one year | 42 | - | €11,602 | +€11,602 | |
| Trade debts | 44 | €863 | €2,727 | +€1,864 | +216% |
| Suppliers | 440/4 | €863 | €2,727 | +€1,864 | +216% |
| Taxes, remuneration and social security | 45 | - | €395 | +€395 | |
| Taxes | 450/3 | - | €395 | +€395 | |
| Other amounts payable | 47/48 | €20,364 | €21,383 | +€1,019 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,534 | €12,033 | +€9,499 | +375% |
| Other operating charges | 640/8 | €211 | €66 | -€145 | -68.9% |
| Gross operating margin | 9900 | €12,119 | €44,107 | +€31,988 | +264% |
| Operating profit (loss) | 9901 | €9,374 | €32,008 | +€22,634 | +241% |
| Financial income | 75/76B | - | €48 | +€48 | |
| Recurring financial income | 75 | - | €48 | +€48 | |
| Financial charges | 65/66B | €28 | €1,230 | +€1,203 | +4,372% |
| Recurring financial charges | 65 | €28 | €1,230 | +€1,203 | +4,372% |
| Profit (loss) for the period before taxes | 9903 | €9,347 | €30,826 | +€21,479 | +230% |
| Income taxes | 67/77 | €2,240 | €6,409 | +€4,169 | +186% |
| Profit (loss) for the period | 9904 | €7,106 | €24,417 | +€17,310 | +244% |
| Profit (loss) for the period to be appropriated | 9905 | €7,106 | €24,417 | +€17,310 | +244% |
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 18 October 2026 via checked.be.