KINESANA: 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.
KINESANA
Largest movements
- Cash +€34,319
up €34,319 (+73.4%), from €46,733 to €81,052
mainly Net result for the year (+€44,085) and Depreciation (+€22,139)
- Tangible fixed assets -€18,846
down €18,846 (-10.4%), from €181,231 to €162,385
of which Furniture and vehicles: -€15,311
- Reserves +€24,585
up €24,585 (+17.0%), from €144,265 to €168,850
- Debts after one year -€18,145
down €18,145 (-19.9%), from €91,117 to €72,972
- Other debts +€8,285
up €8,285 (+65.5%), from €12,653 to €20,938
- Tax, wage and social debts +€3,350
up €3,350 (+670.0%), from €500 to €3,850
- Gross operating margin +€23,467
up €23,467 (+37.9%), from €61,961 to €85,429
- Taxes +€3,901
up €3,901 (+52.4%), from €7,449 to €11,350
- Other operating charges +€1,029
up €1,029 (+49.8%), from €2,065 to €3,094
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 | €291,611 | €309,033 | +€17,422 | +6.0% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €181,281 | €162,435 | -€18,846 | -10.4% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €181,231 | €162,385 | -€18,846 | -10.4% |
| Land and buildings | 22 | €117,270 | €113,641 | -€3,629 | -3.1% |
| Plant, machinery and equipment | 23 | €2,617 | €4,541 | +€1,924 | +73.5% |
| Furniture and vehicles | 24 | €49,034 | €33,723 | -€15,311 | -31.2% |
| Other tangible fixed assets | 26 | €12,310 | €10,480 | -€1,830 | -14.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €110,330 | €146,598 | +€36,268 | +32.9% |
| Amounts receivable within one year | 40/41 | €61,828 | €62,323 | +€495 | +0.8% |
| Trade receivables | 40 | €51,090 | €48,399 | -€2,691 | -5.3% |
| Other amounts receivable | 41 | €10,738 | €13,924 | +€3,186 | +29.7% |
| Cash at bank and in hand | 54/58 | €46,733 | €81,052 | +€34,319 | +73.4% |
| Deferred charges and accrued income | 490/1 | €1,768 | €3,223 | +€1,455 | +82.3% |
| Total equity and liabilities | 10/49 | €291,611 | €309,033 | +€17,422 | +6.0% |
| Equity | 10/15 | €162,865 | €187,450 | +€24,585 | +15.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €144,265 | €168,850 | +€24,585 | +17.0% |
| Distributable reserves | 133 | €144,265 | €168,850 | +€24,585 | +17.0% |
| Amounts payable | 17/49 | €128,746 | €121,583 | -€7,163 | -5.6% |
| Amounts payable after more than one year | 17 | €91,117 | €72,972 | -€18,145 | -19.9% |
| Financial debts | 170/4 | €91,117 | €72,972 | -€18,145 | -19.9% |
| Amounts payable within one year | 42/48 | €37,629 | €48,611 | +€10,982 | +29.2% |
| Current portion of amounts payable after more than one year | 42 | €23,415 | €22,839 | -€576 | -2.5% |
| Trade debts | 44 | €1,062 | €984 | -€78 | -7.3% |
| Suppliers | 440/4 | €1,062 | €984 | -€78 | -7.3% |
| Taxes, remuneration and social security | 45 | €500 | €3,850 | +€3,350 | +670.0% |
| Taxes | 450/3 | €500 | €3,850 | +€3,350 | +670.0% |
| Other amounts payable | 47/48 | €12,653 | €20,938 | +€8,285 | +65.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,985 | €22,139 | +€153 | +0.7% |
| Other operating charges | 640/8 | €2,065 | €3,094 | +€1,029 | +49.8% |
| Gross operating margin | 9900 | €61,961 | €85,429 | +€23,467 | +37.9% |
| Operating profit (loss) | 9901 | €37,911 | €60,196 | +€22,285 | +58.8% |
| Financial income | 75/76B | €20 | €150 | +€130 | +650.0% |
| Recurring financial income | 75 | €20 | €150 | +€130 | +650.0% |
| Financial charges | 65/66B | €5,549 | €4,910 | -€639 | -11.5% |
| Recurring financial charges | 65 | €5,549 | €4,910 | -€639 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €32,382 | €55,435 | +€23,054 | +71.2% |
| Income taxes | 67/77 | €7,449 | €11,350 | +€3,901 | +52.4% |
| Profit (loss) for the period | 9904 | €24,933 | €44,085 | +€19,153 | +76.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,933 | €44,085 | +€19,153 | +76.8% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.