KINERGETIC: 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.
KINERGETIC
Largest movements
- Current investments +€90,000
new in 2025: €90,000
- Cash -€58,402
down €58,402 (-61.3%), from €95,223 to €36,820
mainly Current investments (-€90,000) and Debts after one year (-€9,030)
- Tangible fixed assets -€12,760
down €12,760 (-23.6%), from €54,038 to €41,278
of which Furniture and vehicles: -€12,049
- Receivables within one year -€3,014
down €3,014 (-74.2%), from €4,064 to €1,050
of which Other amounts receivable: -€2,567
- Reserves +€22,358
up €22,358 (+24.1%), from €92,604 to €114,962
- Debts after one year -€9,030
down €9,030 (-56.2%), from €16,066 to €7,036
- Other debts +€4,681
up €4,681 (+71.1%), from €6,586 to €11,267
- Accrued charges and deferred income -€3,035
down €3,035 (-20.6%), from €14,758 to €11,723
- Gross operating margin +€15,413
up €15,413 (+47.1%), from €32,728 to €48,140
- Depreciation +€7,296
up €7,296 (+134%), from €5,464 to €12,760
- Taxes +€3,830
up €3,830 (+60.0%), from €6,383 to €10,213
- Financial income +€875
up €875 (+4,375,650%), from €0 to €875
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 | €154,797 | €170,596 | +€15,799 | +10.2% |
| Fixed assets | 21/28 | €54,038 | €41,278 | -€12,760 | -23.6% |
| Tangible fixed assets | 22/27 | €54,038 | €41,278 | -€12,760 | -23.6% |
| Plant, machinery and equipment | 23 | €995 | €372 | -€622 | -62.6% |
| Furniture and vehicles | 24 | €52,444 | €40,396 | -€12,049 | -23.0% |
| Other tangible fixed assets | 26 | €599 | €510 | -€89 | -14.8% |
| Current assets | 29/58 | €100,759 | €129,317 | +€28,558 | +28.3% |
| Amounts receivable within one year | 40/41 | €4,064 | €1,050 | -€3,014 | -74.2% |
| Trade receivables | 40 | €447 | - | -€447 | |
| Other amounts receivable | 41 | €3,617 | €1,050 | -€2,567 | -71.0% |
| Current investments | 50/53 | - | €90,000 | +€90,000 | |
| Cash at bank and in hand | 54/58 | €95,223 | €36,820 | -€58,402 | -61.3% |
| Deferred charges and accrued income | 490/1 | €1,473 | €1,448 | -€25 | -1.7% |
| Total equity and liabilities | 10/49 | €154,797 | €170,596 | +€15,799 | +10.2% |
| Equity | 10/15 | €104,604 | €126,962 | +€22,358 | +21.4% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €92,604 | €114,962 | +€22,358 | +24.1% |
| Distributable reserves | 133 | €92,604 | €114,962 | +€22,358 | +24.1% |
| Amounts payable | 17/49 | €50,193 | €43,634 | -€6,560 | -13.1% |
| Amounts payable after more than one year | 17 | €16,066 | €7,036 | -€9,030 | -56.2% |
| Financial debts | 170/4 | €16,066 | €7,036 | -€9,030 | -56.2% |
| Amounts payable within one year | 42/48 | €19,370 | €24,875 | +€5,505 | +28.4% |
| Current portion of amounts payable after more than one year | 42 | €8,645 | €9,030 | +€385 | +4.5% |
| Trade debts | 44 | €291 | €526 | +€235 | +80.9% |
| Suppliers | 440/4 | €291 | €526 | +€235 | +80.9% |
| Taxes, remuneration and social security | 45 | €3,848 | €4,051 | +€204 | +5.3% |
| Taxes | 450/3 | €250 | €429 | +€179 | +71.6% |
| Remuneration and social security | 454/9 | €3,598 | €3,622 | +€25 | +0.7% |
| Other amounts payable | 47/48 | €6,586 | €11,267 | +€4,681 | +71.1% |
| Accrued charges and deferred income | 492/3 | €14,758 | €11,723 | -€3,035 | -20.6% |
| Non-recurring operating income | 76A | €4,293 | - | -€4,293 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,464 | €12,760 | +€7,296 | +134% |
| Other operating charges | 640/8 | €645 | €1,103 | +€459 | +71.2% |
| Gross operating margin | 9900 | €32,728 | €48,140 | +€15,413 | +47.1% |
| Operating profit (loss) | 9901 | €26,619 | €34,277 | +€7,658 | +28.8% |
| Financial income | 75/76B | €0 | €875 | +€875 | +4,375,650% |
| Recurring financial income | 75 | €0 | €875 | +€875 | +4,375,650% |
| Financial charges | 65/66B | €1,593 | €1,748 | +€155 | +9.7% |
| Recurring financial charges | 65 | €1,593 | €1,748 | +€155 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €25,026 | €33,404 | +€8,378 | +33.5% |
| Income taxes | 67/77 | €6,383 | €10,213 | +€3,830 | +60.0% |
| Profit (loss) for the period | 9904 | €18,643 | €23,191 | +€4,549 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,643 | €23,191 | +€4,549 | +24.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.