kINES: 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.
kINES
Largest movements
- Tangible fixed assets +€15,741
up €15,741 (+27.6%), from €57,097 to €72,837
of which Land and buildings: +€29,058
- Cash +€8,975
up €8,975 (+33.0%), from €27,206 to €36,181
mainly Depreciation (+€16,005) and Other debts (+€14,505)
- Other debts +€14,505
up €14,505 (+14.7%), from €98,470 to €112,975
- Reserves +€14,283
up €14,283 (+15.0%), from €94,968 to €109,252
- Gross operating margin +€35,011
up €35,011 (+443.6%), from €7,892 to €42,904
- Financial charges +€7,188
up €7,188 (+5009.9%), from €143 to €7,332
- Taxes +€4,289
up €4,289 (+2129.4%), from €201 to €4,490
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 | €220,624 | €245,568 | +€24,944 | +11.3% |
| Fixed assets | 21/28 | €57,097 | €72,837 | +€15,741 | +27.6% |
| Tangible fixed assets | 22/27 | €57,097 | €72,837 | +€15,741 | +27.6% |
| Land and buildings | 22 | €13,377 | €42,434 | +€29,058 | +217.2% |
| Plant, machinery and equipment | 23 | €607 | €224 | -€383 | -63.2% |
| Furniture and vehicles | 24 | €43,113 | €30,179 | -€12,934 | -30.0% |
| Current assets | 29/58 | €163,527 | €172,731 | +€9,204 | +5.6% |
| Amounts receivable within one year | 40/41 | €135,635 | €135,648 | +€13 | 0.0% |
| Trade receivables | 40 | €135,635 | €135,635 | = | 0.0% |
| Other amounts receivable | 41 | - | €13 | +€13 | |
| Cash at bank and in hand | 54/58 | €27,206 | €36,181 | +€8,975 | +33.0% |
| Deferred charges and accrued income | 490/1 | €686 | €902 | +€216 | +31.4% |
| Total equity and liabilities | 10/49 | €220,624 | €245,568 | +€24,944 | +11.3% |
| Equity | 10/15 | €113,568 | €127,852 | +€14,283 | +12.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €94,968 | €109,252 | +€14,283 | +15.0% |
| Distributable reserves | 133 | €94,968 | €109,252 | +€14,283 | +15.0% |
| Amounts payable | 17/49 | €107,056 | €117,716 | +€10,661 | +10.0% |
| Amounts payable within one year | 42/48 | €107,056 | €117,716 | +€10,661 | +10.0% |
| Trade debts | 44 | €1,830 | €50 | -€1,780 | -97.3% |
| Suppliers | 440/4 | €1,830 | €50 | -€1,780 | -97.3% |
| Taxes, remuneration and social security | 45 | €6,756 | €4,691 | -€2,064 | -30.6% |
| Taxes | 450/3 | €6,756 | €4,691 | -€2,064 | -30.6% |
| Other amounts payable | 47/48 | €98,470 | €112,975 | +€14,505 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,941 | €16,005 | +€64 | +0.4% |
| Other operating charges | 640/8 | €849 | €793 | -€56 | -6.6% |
| Gross operating margin | 9900 | €7,892 | €42,904 | +€35,011 | +443.6% |
| Operating profit (loss) | 9901 | -€8,898 | €26,105 | +€35,003 | |
| Financial income | 75/76B | €197 | - | -€197 | |
| Recurring financial income | 75 | €197 | - | -€197 | |
| Financial charges | 65/66B | €143 | €7,332 | +€7,188 | +5009.9% |
| Recurring financial charges | 65 | €143 | €7,332 | +€7,188 | +5009.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,845 | €18,773 | +€27,618 | |
| Income taxes | 67/77 | €201 | €4,490 | +€4,289 | +2129.4% |
| Profit (loss) for the period | 9904 | -€9,046 | €14,283 | +€23,330 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,046 | €14,283 | +€23,330 |
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 30 September 2026 via checked.be.