KINEPHYSIO: 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.
KINEPHYSIO
Largest movements
- Receivables within one year +€34,295
up €34,295 (+2834.3%), from €1,210 to €35,505
- Receivables after one year -€23,780
down €23,780 (-95.4%), from €24,935 to €1,154
- Tangible fixed assets -€17,274
down €17,274 (-17.2%), from €100,624 to €83,350
of which Furniture and vehicles: -€11,694
- Cash -€2,177
down €2,177 (-22.8%), from €9,533 to €7,356
mainly Other debts (-€35,000) and Receivables within one year (-€34,295)
- Other debts -€35,000
no longer reported in 2025 (was €35,000)
- Reserves +€22,105
new in 2025: €22,105
- Tax, wage and social debts +€7,383
new in 2025: €7,383
- Debts after one year -€3,991
down €3,991 (-6.6%), from €60,413 to €56,423
of which Financial debts: -€3,991
- Gross operating margin +€39,463
up €39,463 (+374.7%), from €10,532 to €49,996
- Taxes +€7,383
new in 2025: €7,383
- Financial income -€2,294
no longer reported in 2025 (was €2,294)
- Depreciation -€598
down €598 (-3.3%), from €17,872 to €17,274
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 | €139,987 | €130,632 | -€9,355 | -6.7% |
| Fixed assets | 21/28 | €101,314 | €84,040 | -€17,274 | -17.0% |
| Tangible fixed assets | 22/27 | €100,624 | €83,350 | -€17,274 | -17.2% |
| Land and buildings | 22 | €61,308 | €56,822 | -€4,486 | -7.3% |
| Plant, machinery and equipment | 23 | €7,076 | €5,982 | -€1,094 | -15.5% |
| Furniture and vehicles | 24 | €31,897 | €20,203 | -€11,694 | -36.7% |
| Other tangible fixed assets | 26 | €344 | €344 | = | 0.0% |
| Financial fixed assets | 28 | €690 | €690 | = | 0.0% |
| Current assets | 29/58 | €38,673 | €46,592 | +€7,919 | +20.5% |
| Amounts receivable after more than one year | 29 | €24,935 | €1,154 | -€23,780 | -95.4% |
| Other amounts receivable | 291 | €24,935 | €1,154 | -€23,780 | -95.4% |
| Amounts receivable within one year | 40/41 | €1,210 | €35,505 | +€34,295 | +2834.3% |
| Other amounts receivable | 41 | €1,210 | €35,505 | +€34,295 | +2834.3% |
| Cash at bank and in hand | 54/58 | €9,533 | €7,356 | -€2,177 | -22.8% |
| Deferred charges and accrued income | 490/1 | €2,995 | €2,577 | -€418 | -14.0% |
| Total equity and liabilities | 10/49 | €139,987 | €130,632 | -€9,355 | -6.7% |
| Equity | 10/15 | €40,526 | €62,631 | +€22,105 | +54.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €22,105 | +€22,105 | |
| Distributable reserves | 133 | - | €22,105 | +€22,105 | |
| Profit (loss) carried forward | 14 | €21,926 | €21,926 | = | 0.0% |
| Amounts payable | 17/49 | €99,461 | €68,001 | -€31,460 | -31.6% |
| Amounts payable after more than one year | 17 | €60,413 | €56,423 | -€3,991 | -6.6% |
| Financial debts | 170/4 | €57,247 | €53,257 | -€3,991 | -7.0% |
| Other amounts payable | 178/9 | €3,166 | €3,166 | = | 0.0% |
| Amounts payable within one year | 42/48 | €39,047 | €11,578 | -€27,469 | -70.3% |
| Current portion of amounts payable after more than one year | 42 | €3,918 | €3,918 | = | 0.0% |
| Trade debts | 44 | €129 | €277 | +€148 | +114.2% |
| Suppliers | 440/4 | €129 | €277 | +€148 | +114.2% |
| Taxes, remuneration and social security | 45 | - | €7,383 | +€7,383 | |
| Taxes | 450/3 | - | €7,383 | +€7,383 | |
| Other amounts payable | 47/48 | €35,000 | - | -€35,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,872 | €17,274 | -€598 | -3.3% |
| Other operating charges | 640/8 | €1,308 | €1,454 | +€146 | +11.2% |
| Gross operating margin | 9900 | €10,532 | €49,996 | +€39,463 | +374.7% |
| Operating profit (loss) | 9901 | -€8,648 | €31,268 | +€39,916 | |
| Financial income | 75/76B | €2,294 | - | -€2,294 | |
| Recurring financial income | 75 | €2,294 | - | -€2,294 | |
| Financial charges | 65/66B | €1,496 | €1,780 | +€284 | +19.0% |
| Recurring financial charges | 65 | €1,496 | €1,780 | +€284 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,850 | €29,488 | +€37,338 | |
| Income taxes | 67/77 | - | €7,383 | +€7,383 | |
| Profit (loss) for the period | 9904 | -€7,850 | €22,105 | +€29,955 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,850 | €22,105 | +€29,955 |
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 29 September 2026 via checked.be.