KINEREVA: 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.
KINEREVA
Largest movements
- Cash +€31,064
up €31,064 (+20.3%), from €152,775 to €183,838
mainly Net result for the year (+€50,238) and Depreciation (+€44,259)
- Tangible fixed assets -€26,250
down €26,250 (-8.8%), from €297,531 to €271,281
of which Land and buildings: -€31,386
- Receivables within one year -€10,278
down €10,278 (-87.3%), from €11,772 to €1,495
of which Other amounts receivable: -€11,772
- Other debts +€39,656
up €39,656 (+67.0%), from €59,204 to €98,859
- Debts after one year -€29,093
down €29,093 (-47.8%), from €60,924 to €31,831
- Reserves -€16,901
down €16,901 (-5.9%), from €287,867 to €270,966
- Accrued charges and deferred income -€5,688
down €5,688 (-66.5%), from €8,556 to €2,867
- Tax, wage and social debts +€4,797
new in 2025: €4,797
- Gross operating margin -€26,372
down €26,372 (-17.2%), from €152,998 to €126,625
- Taxes -€7,449
down €7,449 (-23.1%), from €32,247 to €24,797
- Financial charges -€6,145
down €6,145 (-56.4%), from €10,897 to €4,752
- Depreciation -€2,675
down €2,675 (-5.7%), from €46,934 to €44,259
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 | €465,197 | €459,659 | -€5,538 | -1.2% |
| Fixed assets | 21/28 | €297,531 | €271,281 | -€26,250 | -8.8% |
| Tangible fixed assets | 22/27 | €297,531 | €271,281 | -€26,250 | -8.8% |
| Land and buildings | 22 | €274,106 | €242,719 | -€31,386 | -11.5% |
| Plant, machinery and equipment | 23 | €14,825 | €21,813 | +€6,988 | +47.1% |
| Furniture and vehicles | 24 | €8,601 | €6,749 | -€1,851 | -21.5% |
| Current assets | 29/58 | €167,667 | €188,378 | +€20,711 | +12.4% |
| Amounts receivable within one year | 40/41 | €11,772 | €1,495 | -€10,278 | -87.3% |
| Trade receivables | 40 | - | €1,495 | +€1,495 | |
| Other amounts receivable | 41 | €11,772 | - | -€11,772 | |
| Cash at bank and in hand | 54/58 | €152,775 | €183,838 | +€31,064 | +20.3% |
| Deferred charges and accrued income | 490/1 | €3,120 | €3,045 | -€75 | -2.4% |
| Total equity and liabilities | 10/49 | €465,197 | €459,659 | -€5,538 | -1.2% |
| Equity | 10/15 | €306,417 | €289,516 | -€16,901 | -5.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €287,867 | €270,966 | -€16,901 | -5.9% |
| Distributable reserves | 133 | €287,867 | €270,966 | -€16,901 | -5.9% |
| Amounts payable | 17/49 | €158,781 | €170,143 | +€11,362 | +7.2% |
| Amounts payable after more than one year | 17 | €60,924 | €31,831 | -€29,093 | -47.8% |
| Financial debts | 170/4 | €60,924 | €31,831 | -€29,093 | -47.8% |
| Amounts payable within one year | 42/48 | €89,301 | €135,445 | +€46,143 | +51.7% |
| Current portion of amounts payable after more than one year | 42 | €28,817 | €29,093 | +€276 | +1.0% |
| Trade debts | 44 | €1,280 | €2,695 | +€1,415 | +110% |
| Suppliers | 440/4 | €1,280 | €2,695 | +€1,415 | +110% |
| Taxes, remuneration and social security | 45 | - | €4,797 | +€4,797 | |
| Taxes | 450/3 | - | €4,797 | +€4,797 | |
| Other amounts payable | 47/48 | €59,204 | €98,859 | +€39,656 | +67.0% |
| Accrued charges and deferred income | 492/3 | €8,556 | €2,867 | -€5,688 | -66.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,934 | €44,259 | -€2,675 | -5.7% |
| Other operating charges | 640/8 | €2,688 | €2,580 | -€108 | -4.0% |
| Gross operating margin | 9900 | €152,998 | €126,625 | -€26,372 | -17.2% |
| Operating profit (loss) | 9901 | €103,375 | €79,786 | -€23,589 | -22.8% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,175% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,175% |
| Financial charges | 65/66B | €10,897 | €4,752 | -€6,145 | -56.4% |
| Recurring financial charges | 65 | €10,897 | €4,752 | -€6,145 | -56.4% |
| Profit (loss) for the period before taxes | 9903 | €92,479 | €75,035 | -€17,444 | -18.9% |
| Income taxes | 67/77 | €32,247 | €24,797 | -€7,449 | -23.1% |
| Profit (loss) for the period | 9904 | €60,232 | €50,238 | -€9,994 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,232 | €50,238 | -€9,994 | -16.6% |
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.