Kinera: 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.
Kinera
Largest movements
- Receivables within one year +€96,450
up €96,450 (+741.9%), from €13,000 to €109,450
- Cash +€57,107
up €57,107 (+913.1%), from €6,254 to €63,362
mainly Net result for the year (+€108,565) and Tax, wage and social debts (+€45,060)
- Profit (loss) carried forward +€108,565
up €108,565 (+917.4%), from €11,834 to €120,398
- Tax, wage and social debts +€45,060
up €45,060 (+1197.7%), from €3,762 to €48,822
- Gross operating margin +€123,162
up €123,162 (+752.0%), from €16,378 to €139,541
- Taxes +€27,495
up €27,495 (+843.3%), from €3,260 to €30,755
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 | €19,254 | €173,424 | +€154,170 | +800.7% |
| Fixed assets | 21/28 | - | €529 | +€529 | |
| Tangible fixed assets | 22/27 | - | €529 | +€529 | |
| Furniture and vehicles | 24 | - | €529 | +€529 | |
| Current assets | 29/58 | €19,254 | €172,895 | +€153,640 | +798.0% |
| Amounts receivable within one year | 40/41 | €13,000 | €109,450 | +€96,450 | +741.9% |
| Trade receivables | 40 | €13,000 | €109,450 | +€96,450 | +741.9% |
| Cash at bank and in hand | 54/58 | €6,254 | €63,362 | +€57,107 | +913.1% |
| Deferred charges and accrued income | 490/1 | - | €83 | +€83 | |
| Total equity and liabilities | 10/49 | €19,254 | €173,424 | +€154,170 | +800.7% |
| Equity | 10/15 | €14,834 | €123,398 | +€108,565 | +731.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,834 | €120,398 | +€108,565 | +917.4% |
| Amounts payable | 17/49 | €4,421 | €50,026 | +€45,605 | +1031.6% |
| Amounts payable within one year | 42/48 | €4,421 | €50,026 | +€45,605 | +1031.6% |
| Trade debts | 44 | €180 | €491 | +€312 | +173.6% |
| Suppliers | 440/4 | €180 | €491 | +€312 | +173.6% |
| Taxes, remuneration and social security | 45 | €3,762 | €48,822 | +€45,060 | +1197.7% |
| Taxes | 450/3 | €3,762 | €48,822 | +€45,060 | +1197.7% |
| Other amounts payable | 47/48 | €479 | €712 | +€233 | +48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,244 | €214 | -€1,030 | -82.8% |
| Gross operating margin | 9900 | €16,378 | €139,541 | +€123,162 | +752.0% |
| Operating profit (loss) | 9901 | €15,135 | €139,327 | +€124,192 | +820.6% |
| Financial income | 75/76B | - | €38 | +€38 | |
| Recurring financial income | 75 | - | €38 | +€38 | |
| Financial charges | 65/66B | €41 | €45 | +€4 | +10.7% |
| Recurring financial charges | 65 | €41 | €45 | +€4 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €15,094 | €139,320 | +€124,226 | +823.0% |
| Income taxes | 67/77 | €3,260 | €30,755 | +€27,495 | +843.3% |
| Profit (loss) for the period | 9904 | €11,834 | €108,565 | +€96,731 | +817.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,834 | €108,565 | +€96,731 | +817.4% |
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 5 October 2026 via checked.be.