KINEREVAL: 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.
KINEREVAL
Largest movements
- Receivables within one year +€20,296
up €20,296 (+53.7%), from €37,773 to €58,069
of which Trade receivables: +€21,010
- Cash -€16,551
down €16,551 (-57.2%), from €28,917 to €12,366
mainly Receivables within one year (-€20,296) and Tax, wage and social debts (-€8,435)
- Tangible fixed assets -€4,373
down €4,373 (-52.1%), from €8,390 to €4,018
of which Furniture and vehicles: -€2,833
- Tax, wage and social debts -€8,435
no longer reported in 2025 (was €8,435)
- Reserves +€7,500
up €7,500 (+41.0%), from €18,298 to €25,798
- Gross operating margin +€4,877
up €4,877 (+39.6%), from €12,318 to €17,195
- Taxes +€1,353
up €1,353 (+42.2%), from €3,208 to €4,561
- Financial income -€962
down €962 (-99.7%), from €965 to €3
- Depreciation -€390
down €390 (-8.2%), from €4,763 to €4,373
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 | €76,675 | €76,209 | -€466 | -0.6% |
| Fixed assets | 21/28 | €8,390 | €4,018 | -€4,373 | -52.1% |
| Tangible fixed assets | 22/27 | €8,390 | €4,018 | -€4,373 | -52.1% |
| Plant, machinery and equipment | 23 | €2,801 | €1,262 | -€1,539 | -55.0% |
| Furniture and vehicles | 24 | €5,589 | €2,756 | -€2,833 | -50.7% |
| Current assets | 29/58 | €68,285 | €72,191 | +€3,906 | +5.7% |
| Amounts receivable within one year | 40/41 | €37,773 | €58,069 | +€20,296 | +53.7% |
| Trade receivables | 40 | - | €21,010 | +€21,010 | |
| Other amounts receivable | 41 | €37,773 | €37,059 | -€714 | -1.9% |
| Cash at bank and in hand | 54/58 | €28,917 | €12,366 | -€16,551 | -57.2% |
| Deferred charges and accrued income | 490/1 | €1,596 | €1,757 | +€161 | +10.1% |
| Total equity and liabilities | 10/49 | €76,675 | €76,209 | -€466 | -0.6% |
| Equity | 10/15 | €68,024 | €75,595 | +€7,571 | +11.1% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Contributions outside capital | 11 | €49,579 | €49,579 | = | 0.0% |
| Other | 1109/19 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €18,298 | €25,798 | +€7,500 | +41.0% |
| Distributable reserves | 133 | €18,298 | €25,798 | +€7,500 | +41.0% |
| Profit (loss) carried forward | 14 | €147 | €218 | +€71 | +48.5% |
| Amounts payable | 17/49 | €8,652 | €614 | -€8,038 | -92.9% |
| Amounts payable within one year | 42/48 | €8,652 | €614 | -€8,038 | -92.9% |
| Trade debts | 44 | €216 | €614 | +€398 | +184.1% |
| Suppliers | 440/4 | €216 | €614 | +€398 | +184.1% |
| Taxes, remuneration and social security | 45 | €8,435 | - | -€8,435 | |
| Taxes | 450/3 | €8,435 | - | -€8,435 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,763 | €4,373 | -€390 | -8.2% |
| Other operating charges | 640/8 | €689 | €648 | -€41 | -6.0% |
| Gross operating margin | 9900 | €12,318 | €17,195 | +€4,877 | +39.6% |
| Operating profit (loss) | 9901 | €6,866 | €12,174 | +€5,308 | +77.3% |
| Financial income | 75/76B | €965 | €3 | -€962 | -99.7% |
| Recurring financial income | 75 | €965 | €3 | -€962 | -99.7% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.5% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €7,788 | €12,132 | +€4,345 | +55.8% |
| Income taxes | 67/77 | €3,208 | €4,561 | +€1,353 | +42.2% |
| Profit (loss) for the period | 9904 | €4,580 | €7,571 | +€2,992 | +65.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,580 | €7,571 | +€2,992 | +65.3% |
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 9 October 2026 via checked.be.