KINERVUS: what changed
What changed
KINERVUS
NACE 86.951, Physiotherapy
filed annual accounts (NBB)
Net result for the year
€79,354
2024 · €73,751+€5,603
Equity
€206,319
2024 · €126,965+€79,354
Cash
€140,774
2024 · €91,914+€48,860
Balance sheet total
€367,778
2024 · €305,394+€62,383
Largest movements
Assets
- Cash +€48,860
up €48,860 (+53.2%), from €91,914 to €140,774
mainly Net result for the year (+€79,354) and Other debts (+€39,266)
- Receivables after one year +€17,963
new in 2025: €17,963
- Tangible fixed assets -€12,092
down €12,092 (-5.8%), from €207,290 to €195,198
- Intangible fixed assets +€5,637
new in 2025: €5,637
Equity and liabilities
- Reserves +€79,354
up €79,354 (+67.8%), from €116,965 to €196,319
- Debts after one year -€59,213
down €59,213 (-52.7%), from €112,344 to €53,131
of which Other amounts payable: -€43,000
- Other debts +€39,266
up €39,266 (+4,746%), from €827 to €40,093
- Accrued charges and deferred income +€18,985
up €18,985 (+76.1%), from €24,951 to €43,935
- Tax, wage and social debts -€15,701
down €15,701 (-77.9%), from €20,162 to €4,461
of which Taxes: -€16,567
Income statement
- Gross operating margin +€15,865
up €15,865 (+13.6%), from €116,971 to €132,836
- Staff costs +€5,308
up €5,308 (+362%), from €1,468 to €6,776
- Taxes +€3,433
up €3,433 (+17.0%), from €20,162 to €23,595
- Depreciation +€2,673
up €2,673 (+18.2%), from €14,705 to €17,378
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€73,751
Gross operating margin
+€15,865
Staff costs
-€5,308
Depreciation
-€2,673
Other operating charges
+€428
Financial income
+€1
Financial charges
+€724
Taxes
-€3,433
Result 2025
€79,354
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€116,857
Investment
-€10,923
Financing
-€57,073
Cash 2024
€91,914
From operations (derived)
+€116,857
Net result for the year
+€79,354
Depreciation
+€17,378
Receivables after one year
-€17,963
Receivables within one year
-€2,007
Deferred charges and accrued income
-€9
Trade debts
-€2,447
Tax, wage and social debts
-€15,701
Other debts
+€39,266
Accrued charges and deferred income
+€18,985
Investment (derived)
-€10,923
Investment in fixed assets (net)
-€10,923
Financing
-€57,073
Debts after one year
-€59,213
Current portion of long-term debt
+€460
Short-term financial debts
+€1,680
Cash 2025
€140,774
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €305,394 | €367,778 | +€62,383 | +20.4% |
| Fixed assets | 21/28 | €212,090 | €205,635 | -€6,455 | -3.0% |
| Intangible fixed assets | 21 | - | €5,637 | +€5,637 | |
| Tangible fixed assets | 22/27 | €207,290 | €195,198 | -€12,092 | -5.8% |
| Land and buildings | 22 | €168,769 | €163,572 | -€5,197 | -3.1% |
| Plant, machinery and equipment | 23 | €35,433 | €29,742 | -€5,692 | -16.1% |
| Furniture and vehicles | 24 | €3,088 | €1,884 | -€1,204 | -39.0% |
| Financial fixed assets | 28 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €93,304 | €162,142 | +€68,838 | +73.8% |
| Amounts receivable after more than one year | 29 | - | €17,963 | +€17,963 | |
| Other amounts receivable | 291 | - | €17,963 | +€17,963 | |
| Amounts receivable within one year | 40/41 | €30 | €2,037 | +€2,007 | +6,689% |
| Other amounts receivable | 41 | €30 | €2,037 | +€2,007 | +6,689% |
| Cash at bank and in hand | 54/58 | €91,914 | €140,774 | +€48,860 | +53.2% |
| Deferred charges and accrued income | 490/1 | €1,360 | €1,368 | +€9 | +0.6% |
| Total equity and liabilities | 10/49 | €305,394 | €367,778 | +€62,383 | +20.4% |
| Equity | 10/15 | €126,965 | €206,319 | +€79,354 | +62.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €116,965 | €196,319 | +€79,354 | +67.8% |
| Distributable reserves | 133 | €116,965 | €196,319 | +€79,354 | +67.8% |
| Amounts payable | 17/49 | €178,429 | €161,459 | -€16,970 | -9.5% |
| Amounts payable after more than one year | 17 | €112,344 | €53,131 | -€59,213 | -52.7% |
| Financial debts | 170/4 | €69,344 | €53,131 | -€16,213 | -23.4% |
| Other amounts payable | 178/9 | €43,000 | - | -€43,000 | |
| Amounts payable within one year | 42/48 | €41,134 | €64,392 | +€23,258 | +56.5% |
| Current portion of amounts payable after more than one year | 42 | €15,754 | €16,213 | +€460 | +2.9% |
| Financial debts | 43 | - | €1,680 | +€1,680 | |
| Credit institutions | 430/8 | - | €1,680 | +€1,680 | |
| Trade debts | 44 | €4,391 | €1,944 | -€2,447 | -55.7% |
| Suppliers | 440/4 | €4,391 | €1,944 | -€2,447 | -55.7% |
| Taxes, remuneration and social security | 45 | €20,162 | €4,461 | -€15,701 | -77.9% |
| Taxes | 450/3 | €20,162 | €3,595 | -€16,567 | -82.2% |
| Remuneration and social security | 454/9 | - | €866 | +€866 | |
| Other amounts payable | 47/48 | €827 | €40,093 | +€39,266 | +4,746% |
| Accrued charges and deferred income | 492/3 | €24,951 | €43,935 | +€18,985 | +76.1% |
| Remuneration, social security and pensions | 62 | €1,468 | €6,776 | +€5,308 | +362% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,705 | €17,378 | +€2,673 | +18.2% |
| Other operating charges | 640/8 | €1,118 | €690 | -€428 | -38.3% |
| Gross operating margin | 9900 | €116,971 | €132,836 | +€15,865 | +13.6% |
| Operating profit (loss) | 9901 | €99,680 | €107,992 | +€8,312 | +8.3% |
| Financial income | 75/76B | €0 | €1 | +€1 | +455% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +455% |
| Financial charges | 65/66B | €5,768 | €5,044 | -€724 | -12.6% |
| Recurring financial charges | 65 | €5,768 | €5,044 | -€724 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €93,913 | €102,949 | +€9,036 | +9.6% |
| Income taxes | 67/77 | €20,162 | €23,595 | +€3,433 | +17.0% |
| Profit (loss) for the period | 9904 | €73,751 | €79,354 | +€5,603 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €73,751 | €79,354 | +€5,603 | +7.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.