KINEREC: 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.
KINEREC
Largest movements
- Cash -€9,217
down €9,217 (-20.6%), from €44,803 to €35,586
mainly Net result for the year (-€4,857) and Other debts (-€4,762)
- Receivables within one year -€744
down €744 (-21.2%), from €3,512 to €2,767
- Profit (loss) carried forward -€4,857
down €4,857 (-91.9%), from €5,287 to €430
- Other debts -€4,762
down €4,762 (-16.0%), from €29,810 to €25,048
- Gross operating margin -€5,611
down €5,611, from €1,538 to -€4,073
- Depreciation -€540
no longer reported in 2025 (was €540)
- Taxes -€364
no longer reported in 2025 (was €364)
- Other operating charges -€197
down €197 (-21.8%), from €901 to €704
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 | €48,614 | €38,607 | -€10,007 | -20.6% |
| Current assets | 29/58 | €48,614 | €38,607 | -€10,007 | -20.6% |
| Amounts receivable within one year | 40/41 | €3,512 | €2,767 | -€744 | -21.2% |
| Other amounts receivable | 41 | €3,512 | €2,767 | -€744 | -21.2% |
| Cash at bank and in hand | 54/58 | €44,803 | €35,586 | -€9,217 | -20.6% |
| Deferred charges and accrued income | 490/1 | €298 | €254 | -€45 | -15.0% |
| Total equity and liabilities | 10/49 | €48,614 | €38,607 | -€10,007 | -20.6% |
| Equity | 10/15 | €17,689 | €12,832 | -€4,857 | -27.5% |
| Contributions | 10/11 | €12,403 | €12,403 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,287 | €430 | -€4,857 | -91.9% |
| Amounts payable | 17/49 | €30,924 | €25,775 | -€5,150 | -16.7% |
| Amounts payable within one year | 42/48 | €30,924 | €25,775 | -€5,150 | -16.7% |
| Trade debts | 44 | €750 | €726 | -€24 | -3.2% |
| Suppliers | 440/4 | €750 | €726 | -€24 | -3.2% |
| Taxes, remuneration and social security | 45 | €364 | - | -€364 | |
| Taxes | 450/3 | €364 | - | -€364 | |
| Other amounts payable | 47/48 | €29,810 | €25,048 | -€4,762 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €540 | - | -€540 | |
| Other operating charges | 640/8 | €901 | €704 | -€197 | -21.8% |
| Gross operating margin | 9900 | €1,538 | -€4,073 | -€5,611 | |
| Operating profit (loss) | 9901 | €98 | -€4,777 | -€4,875 | |
| Financial charges | 65/66B | €70 | €80 | +€10 | +14.3% |
| Recurring financial charges | 65 | €70 | €80 | +€10 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €28 | -€4,857 | -€4,885 | |
| Income taxes | 67/77 | €364 | - | -€364 | |
| Profit (loss) for the period | 9904 | -€336 | -€4,857 | -€4,521 | -1345.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€336 | -€4,857 | -€4,521 | -1345.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.