KINEQUIPE: 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.
KINEQUIPE
Largest movements
- Tangible fixed assets +€46,273
up €46,273 (+23.1%), from €199,967 to €246,240
of which Other tangible fixed assets: +€56,747
- Cash +€16,983
up €16,983 (+240%), from €7,077 to €24,060
mainly Net result for the year (+€48,091) and Depreciation (+€30,853)
- Receivables within one year -€6,510
down €6,510 (-12.5%), from €51,900 to €45,390
of which Other amounts receivable: -€17,293
- Tax, wage and social debts +€18,615
up €18,615 (+131%), from €14,225 to €32,839
of which Taxes: +€16,067
- Reserves +€15,000
up €15,000 (+600%), from €2,500 to €17,500
of which Distributable reserves: +€15,000
- Debts after one year +€13,489
up €13,489 (+12.7%), from €105,818 to €119,307
- Other debts +€7,278
new in 2025: €7,278
- Trade debts -€6,096
down €6,096 (-7.7%), from €79,410 to €73,314
- Gross operating margin +€20,572
up €20,572 (+16.7%), from €123,465 to €144,036
- Staff costs -€17,646
down €17,646 (-30.6%), from €57,633 to €39,987
- Taxes +€9,455
up €9,455 (+125%), from €7,583 to €17,038
- Depreciation -€4,445
down €4,445 (-12.6%), from €35,297 to €30,853
- Other operating charges +€1,484
up €1,484 (+131%), from €1,137 to €2,621
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 | €261,399 | €316,004 | +€54,604 | +20.9% |
| Fixed assets | 21/28 | €200,103 | €246,376 | +€46,273 | +23.1% |
| Tangible fixed assets | 22/27 | €199,967 | €246,240 | +€46,273 | +23.1% |
| Plant, machinery and equipment | 23 | €2,990 | €4,293 | +€1,303 | +43.6% |
| Furniture and vehicles | 24 | €30,137 | €18,359 | -€11,778 | -39.1% |
| Other tangible fixed assets | 26 | €166,840 | €223,587 | +€56,747 | +34.0% |
| Financial fixed assets | 28 | €136 | €136 | = | 0.0% |
| Current assets | 29/58 | €61,296 | €69,628 | +€8,332 | +13.6% |
| Amounts receivable within one year | 40/41 | €51,900 | €45,390 | -€6,510 | -12.5% |
| Trade receivables | 40 | €34,608 | €45,390 | +€10,782 | +31.2% |
| Other amounts receivable | 41 | €17,293 | - | -€17,293 | |
| Cash at bank and in hand | 54/58 | €7,077 | €24,060 | +€16,983 | +240% |
| Deferred charges and accrued income | 490/1 | €2,319 | €178 | -€2,141 | -92.3% |
| Total equity and liabilities | 10/49 | €261,399 | €316,004 | +€54,604 | +20.9% |
| Equity | 10/15 | €27,325 | €45,916 | +€18,591 | +68.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €17,500 | +€15,000 | +600% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | - | €15,000 | +€15,000 | |
| Profit (loss) carried forward | 14 | -€175 | €3,416 | +€3,591 | |
| Amounts payable | 17/49 | €234,074 | €270,088 | +€36,014 | +15.4% |
| Amounts payable after more than one year | 17 | €105,818 | €119,307 | +€13,489 | +12.7% |
| Financial debts | 170/4 | €105,818 | €119,307 | +€13,489 | +12.7% |
| Amounts payable within one year | 42/48 | €127,919 | €150,780 | +€22,862 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €33,557 | €37,349 | +€3,792 | +11.3% |
| Financial debts | 43 | €726 | - | -€726 | |
| Credit institutions | 430/8 | €726 | - | -€726 | |
| Trade debts | 44 | €79,410 | €73,314 | -€6,096 | -7.7% |
| Suppliers | 440/4 | €79,410 | €73,314 | -€6,096 | -7.7% |
| Taxes, remuneration and social security | 45 | €14,225 | €32,839 | +€18,615 | +131% |
| Taxes | 450/3 | €5,299 | €21,366 | +€16,067 | +303% |
| Remuneration and social security | 454/9 | €8,926 | €11,473 | +€2,547 | +28.5% |
| Other amounts payable | 47/48 | - | €7,278 | +€7,278 | |
| Accrued charges and deferred income | 492/3 | €338 | - | -€338 | |
| Remuneration, social security and pensions | 62 | €57,633 | €39,987 | -€17,646 | -30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,297 | €30,853 | -€4,445 | -12.6% |
| Other operating charges | 640/8 | €1,137 | €2,621 | +€1,484 | +131% |
| Gross operating margin | 9900 | €123,465 | €144,036 | +€20,572 | +16.7% |
| Operating profit (loss) | 9901 | €29,398 | €70,576 | +€41,179 | +140% |
| Financial income | 75/76B | €718 | €37 | -€681 | -94.9% |
| Recurring financial income | 75 | €718 | €37 | -€681 | -94.9% |
| Financial charges | 65/66B | €6,000 | €5,484 | -€516 | -8.6% |
| Recurring financial charges | 65 | €6,000 | €5,484 | -€516 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €24,115 | €65,129 | +€41,014 | +170% |
| Income taxes | 67/77 | €7,583 | €17,038 | +€9,455 | +125% |
| Profit (loss) for the period | 9904 | €16,532 | €48,091 | +€31,559 | +191% |
| Profit (loss) for the period to be appropriated | 9905 | €16,532 | €48,091 | +€31,559 | +191% |
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 16 October 2026 via checked.be.