KINERGIQUE: 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.
KINERGIQUE
Largest movements
- Tangible fixed assets -€8,949
down €8,949 (-40.1%), from €22,324 to €13,375
of which Furniture and vehicles: -€7,897
- Cash -€2,692
down €2,692 (-9.0%), from €29,887 to €27,195
mainly Net result for the year (-€8,880) and Debts after one year (-€3,609)
- Deferred charges and accrued income -€1,049
down €1,049 (-86.5%), from €1,213 to €164
- Profit (loss) carried forward -€8,880
down €8,880 (-429.6%), from -€2,067 to -€10,947
- Debts after one year -€3,609
down €3,609 (-37.5%), from €9,634 to €6,025
- Other debts -€1,321
down €1,321 (-7.4%), from €17,749 to €16,428
- Trade debts +€698
up €698 (+21.0%), from €3,324 to €4,023
- Gross operating margin -€11,554
down €11,554 (-87.2%), from €13,255 to €1,701
- Depreciation +€3,757
up €3,757 (+72.4%), from €5,192 to €8,949
- Purchases and services +€2,875
up €2,875 (+6.2%), from €46,119 to €48,994
- Turnover +€2,298
up €2,298 (+3.9%), from €59,374 to €61,672
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 | €53,424 | €40,733 | -€12,690 | -23.8% |
| Fixed assets | 21/28 | €22,324 | €13,375 | -€8,949 | -40.1% |
| Tangible fixed assets | 22/27 | €22,324 | €13,375 | -€8,949 | -40.1% |
| Furniture and vehicles | 24 | €21,142 | €13,245 | -€7,897 | -37.4% |
| Other tangible fixed assets | 26 | €1,181 | €130 | -€1,052 | -89.0% |
| Current assets | 29/58 | €31,100 | €27,359 | -€3,741 | -12.0% |
| Cash at bank and in hand | 54/58 | €29,887 | €27,195 | -€2,692 | -9.0% |
| Deferred charges and accrued income | 490/1 | €1,213 | €164 | -€1,049 | -86.5% |
| Total equity and liabilities | 10/49 | €53,424 | €40,733 | -€12,690 | -23.8% |
| Equity | 10/15 | €18,393 | €9,513 | -€8,880 | -48.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,067 | -€10,947 | -€8,880 | -429.6% |
| Amounts payable | 17/49 | €35,031 | €31,220 | -€3,810 | -10.9% |
| Amounts payable after more than one year | 17 | €9,634 | €6,025 | -€3,609 | -37.5% |
| Financial debts | 170/4 | €9,634 | €6,025 | -€3,609 | -37.5% |
| Amounts payable within one year | 42/48 | €25,397 | €25,196 | -€201 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €3,465 | €3,609 | +€144 | +4.2% |
| Trade debts | 44 | €3,324 | €4,023 | +€698 | +21.0% |
| Suppliers | 440/4 | €3,324 | €4,023 | +€698 | +21.0% |
| Taxes, remuneration and social security | 45 | €859 | €1,136 | +€278 | +32.3% |
| Taxes | 450/3 | €859 | €1,136 | +€278 | +32.3% |
| Other amounts payable | 47/48 | €17,749 | €16,428 | -€1,321 | -7.4% |
| Turnover | 70 | €59,374 | €61,672 | +€2,298 | +3.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €46,119 | €48,994 | +€2,875 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,192 | €8,949 | +€3,757 | +72.4% |
| Other operating charges | 640/8 | €1,207 | €858 | -€349 | -28.9% |
| Gross operating margin | 9900 | €13,255 | €1,701 | -€11,554 | -87.2% |
| Operating profit (loss) | 9901 | €6,856 | -€8,106 | -€14,962 | |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €521 | €652 | +€131 | +25.1% |
| Recurring financial charges | 65 | €521 | €652 | +€131 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €6,335 | -€8,727 | -€15,063 | |
| Income taxes | 67/77 | €735 | €152 | -€582 | -79.2% |
| Profit (loss) for the period | 9904 | €5,601 | -€8,880 | -€14,481 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,601 | -€8,880 | -€14,481 |
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 10 October 2026 via checked.be.