KINERI: what changed
Two fiscal 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.
KINERI
Largest movements
- Cash -€17,827
down €17,827 (-53.0%), from €33,609 to €15,782
mainly Other debts (-€19,876) and Investment in fixed assets (net) (-€5,740)
- Tangible fixed assets +€2,869
up €2,869 (+62.3%), from €4,606 to €7,475
- Intangible fixed assets -€1,760
down €1,760 (-12.4%), from €14,152 to €12,392
- Other debts -€19,876
down €19,876 (-91.2%), from €21,791 to €1,916
- Reserves +€5,507
up €5,507 (+25.7%), from €21,391 to €26,898
- Tax, wage and social debts -€5,245
down €5,245 (-75.1%), from €6,981 to €1,736
- Trade debts +€3,366
up €3,366 (+1813.2%), from €186 to €3,551
- Gross operating margin -€8,118
down €8,118 (-37.0%), from €21,919 to €13,801
- Depreciation +€2,502
up €2,502 (+117.5%), from €2,129 to €4,631
- Taxes -€2,305
down €2,305 (-57.0%), from €4,041 to €1,736
- Other operating charges +€624
up €624 (+64.3%), from €971 to €1,595
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 | €53,349 | €37,101 | -€16,248 | -30.5% |
| Fixed assets | 21/28 | €18,758 | €19,867 | +€1,109 | +5.9% |
| Intangible fixed assets | 21 | €14,152 | €12,392 | -€1,760 | -12.4% |
| Tangible fixed assets | 22/27 | €4,606 | €7,475 | +€2,869 | +62.3% |
| Plant, machinery and equipment | 23 | €4,606 | €7,475 | +€2,869 | +62.3% |
| Current assets | 29/58 | €34,590 | €17,233 | -€17,357 | -50.2% |
| Cash at bank and in hand | 54/58 | €33,609 | €15,782 | -€17,827 | -53.0% |
| Deferred charges and accrued income | 490/1 | €982 | €1,452 | +€470 | +47.9% |
| Total equity and liabilities | 10/49 | €53,349 | €37,101 | -€16,248 | -30.5% |
| Equity | 10/15 | €24,391 | €29,898 | +€5,507 | +22.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €21,391 | €26,898 | +€5,507 | +25.7% |
| Distributable reserves | 133 | €21,391 | €26,898 | +€5,507 | +25.7% |
| Amounts payable | 17/49 | €28,958 | €7,203 | -€21,755 | -75.1% |
| Amounts payable within one year | 42/48 | €28,958 | €7,203 | -€21,755 | -75.1% |
| Trade debts | 44 | €186 | €3,551 | +€3,366 | +1813.2% |
| Suppliers | 440/4 | €186 | €3,551 | +€3,366 | +1813.2% |
| Taxes, remuneration and social security | 45 | €6,981 | €1,736 | -€5,245 | -75.1% |
| Taxes | 450/3 | €6,981 | €1,736 | -€5,245 | -75.1% |
| Other amounts payable | 47/48 | €21,791 | €1,916 | -€19,876 | -91.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,129 | €4,631 | +€2,502 | +117.5% |
| Other operating charges | 640/8 | €971 | €1,595 | +€624 | +64.3% |
| Gross operating margin | 9900 | €21,919 | €13,801 | -€8,118 | -37.0% |
| Operating profit (loss) | 9901 | €18,819 | €7,575 | -€11,244 | -59.7% |
| Financial charges | 65/66B | €335 | €332 | -€2 | -0.7% |
| Recurring financial charges | 65 | €335 | €332 | -€2 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €18,484 | €7,243 | -€11,241 | -60.8% |
| Income taxes | 67/77 | €4,041 | €1,736 | -€2,305 | -57.0% |
| Profit (loss) for the period | 9904 | €14,443 | €5,507 | -€8,936 | -61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,443 | €5,507 | -€8,936 | -61.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.