KINEplus: 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.
KINEplus
Largest movements
- Financial fixed assets +€118,580
new in 2025: €118,580
- Tangible fixed assets -€8,757
down €8,757 (-1.6%), from €538,032 to €529,276
of which Land and buildings: -€21,837
- Debts after one year +€72,370
up €72,370 (+25.7%), from €282,117 to €354,487
- Trade debts +€27,471
up €27,471 (+144%), from €19,059 to €46,530
- Profit (loss) carried forward +€19,145
up €19,145 (+13.6%), from €141,189 to €160,335
- Other debts -€11,907
down €11,907 (-13.8%), from €86,560 to €74,653
- Current portion of long-term debt +€10,378
up €10,378 (+28.6%), from €36,301 to €46,680
- Taxes -€7,736
down €7,736 (-52.4%), from €14,775 to €7,039
- Staff costs +€7,605
up €7,605 (+68.1%), from €11,167 to €18,772
- Gross operating margin -€4,208
down €4,208 (-4.0%), from €104,354 to €100,146
- Financial charges +€3,090
up €3,090 (+41.2%), from €7,503 to €10,593
- Depreciation +€1,869
up €1,869 (+4.9%), from €38,102 to €39,971
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 | €595,199 | €704,783 | +€109,584 | +18.4% |
| Fixed assets | 21/28 | €538,032 | €647,855 | +€109,823 | +20.4% |
| Tangible fixed assets | 22/27 | €538,032 | €529,276 | -€8,757 | -1.6% |
| Land and buildings | 22 | €495,095 | €473,258 | -€21,837 | -4.4% |
| Plant, machinery and equipment | 23 | €7,508 | €32,756 | +€25,249 | +336% |
| Other tangible fixed assets | 26 | €35,430 | €23,261 | -€12,168 | -34.3% |
| Financial fixed assets | 28 | - | €118,580 | +€118,580 | |
| Current assets | 29/58 | €57,167 | €56,928 | -€239 | -0.4% |
| Amounts receivable within one year | 40/41 | €35,239 | €36,828 | +€1,589 | +4.5% |
| Trade receivables | 40 | €35,239 | €36,828 | +€1,589 | +4.5% |
| Cash at bank and in hand | 54/58 | €21,928 | €20,100 | -€1,828 | -8.3% |
| Total equity and liabilities | 10/49 | €595,199 | €704,783 | +€109,584 | +18.4% |
| Equity | 10/15 | €155,449 | €174,595 | +€19,145 | +12.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,189 | €160,335 | +€19,145 | +13.6% |
| Amounts payable | 17/49 | €439,750 | €530,188 | +€90,439 | +20.6% |
| Amounts payable after more than one year | 17 | €282,117 | €354,487 | +€72,370 | +25.7% |
| Financial debts | 170/4 | €282,117 | €354,487 | +€72,370 | +25.7% |
| Amounts payable within one year | 42/48 | €157,632 | €175,701 | +€18,069 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €36,301 | €46,680 | +€10,378 | +28.6% |
| Trade debts | 44 | €19,059 | €46,530 | +€27,471 | +144% |
| Suppliers | 440/4 | €19,059 | €46,530 | +€27,471 | +144% |
| Advances received on contracts in progress | 46 | €800 | €800 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €14,913 | €7,039 | -€7,874 | -52.8% |
| Taxes | 450/3 | €14,775 | €7,039 | -€7,736 | -52.4% |
| Remuneration and social security | 454/9 | €138 | - | -€138 | |
| Other amounts payable | 47/48 | €86,560 | €74,653 | -€11,907 | -13.8% |
| Remuneration, social security and pensions | 62 | €11,167 | €18,772 | +€7,605 | +68.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,102 | €39,971 | +€1,869 | +4.9% |
| Other operating charges | 640/8 | €3,489 | €4,626 | +€1,137 | +32.6% |
| Gross operating margin | 9900 | €104,354 | €100,146 | -€4,208 | -4.0% |
| Operating profit (loss) | 9901 | €51,596 | €36,777 | -€14,819 | -28.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €7,503 | €10,593 | +€3,090 | +41.2% |
| Recurring financial charges | 65 | €7,503 | €10,593 | +€3,090 | +41.2% |
| Profit (loss) for the period before taxes | 9903 | €44,094 | €26,184 | -€17,909 | -40.6% |
| Income taxes | 67/77 | €14,775 | €7,039 | -€7,736 | -52.4% |
| Profit (loss) for the period | 9904 | €29,319 | €19,145 | -€10,173 | -34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,319 | €19,145 | -€10,173 | -34.7% |
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.