KINEQUI: 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.
KINEQUI
Largest movements
- Cash +€4,429
up €4,429 (+394%), from €1,125 to €5,554
mainly Receivables within one year (+€2,070) and Net result for the year (+€1,413)
- Receivables within one year -€2,070
down €2,070 (-24.0%), from €8,641 to €6,571
of which Trade receivables: -€2,404
- Tangible fixed assets -€404
down €404 (-21.3%), from €1,899 to €1,496
- Reserves +€1,413
up €1,413 (+592%), from €239 to €1,651
- Tax, wage and social debts +€542
up €542, from €0 to €542
- Gross operating margin +€2,837
up €2,837 (+125%), from €2,267 to €5,104
- Taxes +€1,683
up €1,683 (+519%), from €324 to €2,007
- Depreciation -€393
down €393 (-26.4%), from €1,493 to €1,099
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 | €11,665 | €13,620 | +€1,955 | +16.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,899 | €1,496 | -€404 | -21.3% |
| Tangible fixed assets | 22/27 | €1,899 | €1,496 | -€404 | -21.3% |
| Furniture and vehicles | 24 | €1,899 | €1,496 | -€404 | -21.3% |
| Current assets | 29/58 | €9,766 | €12,124 | +€2,359 | +24.2% |
| Amounts receivable within one year | 40/41 | €8,641 | €6,571 | -€2,070 | -24.0% |
| Trade receivables | 40 | €4,556 | €2,152 | -€2,404 | -52.8% |
| Other amounts receivable | 41 | €4,085 | €4,419 | +€334 | +8.2% |
| Cash at bank and in hand | 54/58 | €1,125 | €5,554 | +€4,429 | +394% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €11,665 | €13,620 | +€1,955 | +16.8% |
| Equity | 10/15 | €11,665 | €13,078 | +€1,413 | +12.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €239 | €1,651 | +€1,413 | +592% |
| Distributable reserves | 133 | €239 | €1,651 | +€1,413 | +592% |
| Profit (loss) carried forward | 14 | €5,226 | €5,226 | = | 0.0% |
| Amounts payable | 17/49 | €0 | €542 | +€542 | |
| Amounts payable within one year | 42/48 | €0 | €542 | +€542 | |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €0 | €542 | +€542 | |
| Taxes | 450/3 | €0 | €542 | +€542 | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,493 | €1,099 | -€393 | -26.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | - | €353 | +€353 | |
| Gross operating margin | 9900 | €2,267 | €5,104 | +€2,837 | +125% |
| Operating profit (loss) | 9901 | €387 | €3,253 | +€2,866 | +740% |
| Financial income | 75/76B | €248 | €221 | -€27 | -10.8% |
| Recurring financial income | 75 | €248 | €221 | -€27 | -10.8% |
| Financial charges | 65/66B | €85 | €54 | -€31 | -36.5% |
| Recurring financial charges | 65 | €85 | €54 | -€31 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €550 | €3,420 | +€2,870 | +522% |
| Income taxes | 67/77 | €324 | €2,007 | +€1,683 | +519% |
| Profit (loss) for the period | 9904 | €226 | €1,413 | +€1,187 | +526% |
| Profit (loss) for the period to be appropriated | 9905 | €226 | €1,413 | +€1,187 | +526% |
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 19 October 2026 via checked.be.