KINERGIE: 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.
KINERGIE
Largest movements
- Tangible fixed assets -€13,320
down €13,320 (-12.3%), from €108,410 to €95,090
- Debts after one year -€20,250
down €20,250 (-21.8%), from €92,805 to €72,555
- Trade debts +€3,620
up €3,620 (+76.7%), from €4,717 to €8,337
- Other debts +€1,578
up €1,578 (+10.8%), from €14,638 to €16,217
- Gross operating margin +€2,306
up €2,306 (+18.0%), from €12,776 to €15,082
- Depreciation -€861
down €861 (-11.4%), from €7,521 to €6,660
- Financial charges -€721
down €721 (-15.9%), from €4,541 to €3,820
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €110,254 | €96,265 | -€13,989 | -12.7% |
| Fixed assets | 21/28 | €108,410 | €95,090 | -€13,320 | -12.3% |
| Tangible fixed assets | 22/27 | €108,410 | €95,090 | -€13,320 | -12.3% |
| Land and buildings | 22 | €108,410 | €95,090 | -€13,320 | -12.3% |
| Current assets | 29/58 | €1,844 | €1,175 | -€669 | -36.3% |
| Cash at bank and in hand | 54/58 | €1,492 | €808 | -€684 | -45.8% |
| Deferred charges and accrued income | 490/1 | €353 | €367 | +€15 | +4.1% |
| Total equity and liabilities | 10/49 | €110,254 | €96,265 | -€13,989 | -12.7% |
| Equity | 10/15 | -€11,716 | -€11,589 | +€127 | +1.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €38,131 | €38,131 | = | 0.0% |
| Non-distributable reserves | 130/1 | €133 | €133 | = | 0.0% |
| Reserves not available under the articles | 1311 | €133 | €133 | = | 0.0% |
| Distributable reserves | 133 | €37,998 | €37,998 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,247 | -€62,120 | +€127 | +0.2% |
| Amounts payable | 17/49 | €121,970 | €107,854 | -€14,116 | -11.6% |
| Amounts payable after more than one year | 17 | €92,805 | €72,555 | -€20,250 | -21.8% |
| Financial debts | 170/4 | €92,805 | €72,555 | -€20,250 | -21.8% |
| Amounts payable within one year | 42/48 | €29,165 | €35,299 | +€6,134 | +21.0% |
| Current portion of amounts payable after more than one year | 42 | €9,534 | €10,327 | +€794 | +8.3% |
| Trade debts | 44 | €4,717 | €8,337 | +€3,620 | +76.7% |
| Suppliers | 440/4 | €4,717 | €8,337 | +€3,620 | +76.7% |
| Taxes, remuneration and social security | 45 | €276 | €418 | +€142 | +51.7% |
| Taxes | 450/3 | €276 | €418 | +€142 | +51.7% |
| Other amounts payable | 47/48 | €14,638 | €16,217 | +€1,578 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,521 | €6,660 | -€861 | -11.4% |
| Other operating charges | 640/8 | €1,109 | €1,218 | +€108 | +9.8% |
| Gross operating margin | 9900 | €12,776 | €15,082 | +€2,306 | +18.0% |
| Operating profit (loss) | 9901 | €4,146 | €7,204 | +€3,058 | +73.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,541 | €3,820 | -€721 | -15.9% |
| Recurring financial charges | 65 | €4,541 | €3,820 | -€721 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | -€395 | €3,384 | +€3,779 | |
| Income taxes | 67/77 | €140 | €255 | +€115 | +82.4% |
| Profit (loss) for the period | 9904 | -€535 | €3,129 | +€3,663 | |
| Profit (loss) for the period to be appropriated | 9905 | -€535 | €3,129 | +€3,663 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.