KINERGIEK: 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.
KINERGIEK
Largest movements
- Current investments +€62,586
up €62,586 (+34.3%), from €182,476 to €245,062
- Receivables within one year +€27,061
up €27,061 (+18,041%), from €150 to €27,211
- Tangible fixed assets -€12,202
down €12,202 (-17.2%), from €70,878 to €58,676
of which Other tangible fixed assets: -€6,885
- Reserves +€67,658
up €67,658 (+25.8%), from €262,378 to €330,037
- Other debts +€9,352
up €9,352 (+23.0%), from €40,643 to €49,995
- Depreciation -€3,514
down €3,514 (-22.4%), from €15,716 to €12,202
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 | €350,223 | €430,756 | +€80,533 | +23.0% |
| Fixed assets | 21/28 | €70,878 | €58,676 | -€12,202 | -17.2% |
| Tangible fixed assets | 22/27 | €70,878 | €58,676 | -€12,202 | -17.2% |
| Plant, machinery and equipment | 23 | €12,375 | €7,083 | -€5,292 | -42.8% |
| Furniture and vehicles | 24 | €25 | - | -€25 | |
| Other tangible fixed assets | 26 | €58,478 | €51,593 | -€6,885 | -11.8% |
| Current assets | 29/58 | €279,345 | €372,080 | +€92,735 | +33.2% |
| Amounts receivable within one year | 40/41 | €150 | €27,211 | +€27,061 | +18,041% |
| Other amounts receivable | 41 | €150 | €27,211 | +€27,061 | +18,041% |
| Current investments | 50/53 | €182,476 | €245,062 | +€62,586 | +34.3% |
| Cash at bank and in hand | 54/58 | €96,719 | €98,703 | +€1,983 | +2.1% |
| Deferred charges and accrued income | 490/1 | - | €1,104 | +€1,104 | |
| Total equity and liabilities | 10/49 | €350,223 | €430,756 | +€80,533 | +23.0% |
| Equity | 10/15 | €280,978 | €348,637 | +€67,658 | +24.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €262,378 | €330,037 | +€67,658 | +25.8% |
| Distributable reserves | 133 | €262,378 | €330,037 | +€67,658 | +25.8% |
| Amounts payable | 17/49 | €69,245 | €82,119 | +€12,875 | +18.6% |
| Amounts payable within one year | 42/48 | €69,245 | €82,119 | +€12,875 | +18.6% |
| Trade debts | 44 | €1,016 | €797 | -€218 | -21.5% |
| Suppliers | 440/4 | €1,016 | €797 | -€218 | -21.5% |
| Taxes, remuneration and social security | 45 | €27,586 | €31,328 | +€3,741 | +13.6% |
| Taxes | 450/3 | €26,569 | €31,328 | +€4,758 | +17.9% |
| Remuneration and social security | 454/9 | €1,017 | - | -€1,017 | |
| Other amounts payable | 47/48 | €40,643 | €49,995 | +€9,352 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,716 | €12,202 | -€3,514 | -22.4% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €156,013 | €154,629 | -€1,384 | -0.9% |
| Operating profit (loss) | 9901 | €139,769 | €141,883 | +€2,113 | +1.5% |
| Financial income | 75/76B | €394 | €839 | +€445 | +113% |
| Recurring financial income | 75 | €394 | €839 | +€445 | +113% |
| Financial charges | 65/66B | €227 | €185 | -€42 | -18.3% |
| Recurring financial charges | 65 | €227 | €185 | -€42 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €139,937 | €142,536 | +€2,600 | +1.9% |
| Income taxes | 67/77 | €45,305 | €46,392 | +€1,087 | +2.4% |
| Profit (loss) for the period | 9904 | €94,632 | €96,144 | +€1,513 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €94,632 | €96,144 | +€1,513 | +1.6% |
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.