Kinepract: 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.
Kinepract
Largest movements
- Tangible fixed assets +€46,926
up €46,926 (+178.4%), from €26,306 to €73,232
- Cash -€44,841
down €44,841 (-36.1%), from €124,153 to €79,312
mainly Contributions, distributions and other (-€149,807) and Investment in fixed assets (net) (-€54,360)
- Deferred charges and accrued income -€5,138
down €5,138 (-51.6%), from €9,958 to €4,819
- Receivables within one year +€2,025
up €2,025 (+126.5%), from €1,601 to €3,626
of which Trade receivables: +€2,025
- Reserves -€111,791
down €111,791 (-100.0%), from €111,791 to €0
- Other debts +€109,262
up €109,262 (+504.6%), from €21,654 to €130,916
- Tax, wage and social debts +€18,363
up €18,363 (+211.1%), from €8,700 to €27,063
- Trade debts -€16,862
down €16,862 (-94.3%), from €17,873 to €1,010
- Depreciation +€4,512
up €4,512 (+154.4%), from €2,923 to €7,435
- Gross operating margin -€1,475
down €1,475 (-2.5%), from €58,144 to €56,668
- Taxes -€1,057
down €1,057 (-9.5%), from €11,150 to €10,092
- Financial income -€772
down €772 (-92.2%), from €837 to €65
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 | €162,018 | €160,990 | -€1,029 | -0.6% |
| Fixed assets | 21/28 | €26,306 | €73,232 | +€46,926 | +178.4% |
| Tangible fixed assets | 22/27 | €26,306 | €73,232 | +€46,926 | +178.4% |
| Land and buildings | 22 | €26,306 | €49,188 | +€22,881 | +87.0% |
| Plant, machinery and equipment | 23 | - | €17,540 | +€17,540 | |
| Furniture and vehicles | 24 | - | €6,504 | +€6,504 | |
| Current assets | 29/58 | €135,712 | €87,758 | -€47,954 | -35.3% |
| Amounts receivable within one year | 40/41 | €1,601 | €3,626 | +€2,025 | +126.5% |
| Trade receivables | 40 | €0 | €2,025 | +€2,025 | |
| Other amounts receivable | 41 | €1,601 | €1,601 | = | 0.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €124,153 | €79,312 | -€44,841 | -36.1% |
| Deferred charges and accrued income | 490/1 | €9,958 | €4,819 | -€5,138 | -51.6% |
| Total equity and liabilities | 10/49 | €162,018 | €160,990 | -€1,029 | -0.6% |
| Equity | 10/15 | €113,791 | €2,000 | -€111,791 | -98.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €111,791 | €0 | -€111,791 | -100.0% |
| Distributable reserves | 133 | €111,791 | €0 | -€111,791 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €48,227 | €158,990 | +€110,763 | +229.7% |
| Amounts payable within one year | 42/48 | €48,227 | €158,990 | +€110,763 | +229.7% |
| Trade debts | 44 | €17,873 | €1,010 | -€16,862 | -94.3% |
| Suppliers | 440/4 | €17,873 | €1,010 | -€16,862 | -94.3% |
| Taxes, remuneration and social security | 45 | €8,700 | €27,063 | +€18,363 | +211.1% |
| Taxes | 450/3 | €8,700 | €27,063 | +€18,363 | +211.1% |
| Other amounts payable | 47/48 | €21,654 | €130,916 | +€109,262 | +504.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €1,990 | +€1,990 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,923 | €7,435 | +€4,512 | +154.4% |
| Other operating charges | 640/8 | €632 | €985 | +€353 | +55.8% |
| Gross operating margin | 9900 | €58,144 | €56,668 | -€1,475 | -2.5% |
| Operating profit (loss) | 9901 | €54,588 | €48,248 | -€6,340 | -11.6% |
| Financial income | 75/76B | €837 | €65 | -€772 | -92.2% |
| Recurring financial income | 75 | €837 | €65 | -€772 | -92.2% |
| Financial charges | 65/66B | €131 | €205 | +€75 | +57.3% |
| Recurring financial charges | 65 | €131 | €205 | +€75 | +57.3% |
| Profit (loss) for the period before taxes | 9903 | €55,295 | €48,108 | -€7,186 | -13.0% |
| Income taxes | 67/77 | €11,150 | €10,092 | -€1,057 | -9.5% |
| Profit (loss) for the period | 9904 | €44,145 | €38,016 | -€6,129 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,145 | €38,016 | -€6,129 | -13.9% |
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 4 October 2026 via checked.be.