KINESANTE: 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.
KINESANTE
Largest movements
- Deferred charges and accrued income -€7,295
down €7,295 (-47.6%), from €15,324 to €8,029
- Cash +€2,974
up €2,974 (+223%), from €1,334 to €4,308
mainly Net result for the year (+€12,258) and Deferred charges and accrued income (+€7,295)
- Receivables within one year -€2,035
down €2,035 (-16.6%), from €12,256 to €10,221
- Tangible fixed assets +€1,519
up €1,519 (+6.1%), from €24,920 to €26,439
of which Other tangible fixed assets: +€2,240
- Profit (loss) carried forward +€12,258
up €12,258 (+26.0%), from €47,138 to €59,396
- Debts after one year -€6,269
down €6,269 (-37.9%), from €16,536 to €10,266
- Current portion of long-term debt -€5,332
down €5,332 (-46.0%), from €11,602 to €6,269
- Trade debts -€2,843
down €2,843 (-99.8%), from €2,848 to €5
- Tax, wage and social debts -€2,651
down €2,651 (-97.7%), from €2,712 to €61
of which Taxes: -€1,401
- Gross operating margin -€6,161
down €6,161 (-18.6%), from €33,137 to €26,977
- Financial charges -€3,796
down €3,796 (-42.2%), from €9,005 to €5,209
- Other operating charges -€2,000
down €2,000 (-47.7%), from €4,193 to €2,192
- Depreciation +€684
up €684 (+25.4%), from €2,691 to €3,374
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.
Derived cash bridge
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 | €82,835 | €77,998 | -€4,838 | -5.8% |
| Fixed assets | 21/28 | €24,920 | €26,439 | +€1,519 | +6.1% |
| Tangible fixed assets | 22/27 | €24,920 | €26,439 | +€1,519 | +6.1% |
| Furniture and vehicles | 24 | €3,397 | €2,676 | -€721 | -21.2% |
| Other tangible fixed assets | 26 | €21,524 | €23,763 | +€2,240 | +10.4% |
| Current assets | 29/58 | €57,915 | €51,559 | -€6,356 | -11.0% |
| Amounts receivable after more than one year | 29 | €29,000 | €29,000 | = | 0.0% |
| Other amounts receivable | 291 | €29,000 | €29,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,256 | €10,221 | -€2,035 | -16.6% |
| Other amounts receivable | 41 | €12,256 | €10,221 | -€2,035 | -16.6% |
| Cash at bank and in hand | 54/58 | €1,334 | €4,308 | +€2,974 | +223% |
| Deferred charges and accrued income | 490/1 | €15,324 | €8,029 | -€7,295 | -47.6% |
| Total equity and liabilities | 10/49 | €82,835 | €77,998 | -€4,838 | -5.8% |
| Equity | 10/15 | €49,138 | €61,396 | +€12,258 | +24.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | - | -€2,000 | |
| Issued capital | 100 | €2,000 | - | -€2,000 | |
| Profit (loss) carried forward | 14 | €47,138 | €59,396 | +€12,258 | +26.0% |
| Amounts payable | 17/49 | €33,697 | €16,602 | -€17,096 | -50.7% |
| Amounts payable after more than one year | 17 | €16,536 | €10,266 | -€6,269 | -37.9% |
| Financial debts | 170/4 | €16,536 | €10,266 | -€6,269 | -37.9% |
| Amounts payable within one year | 42/48 | €17,162 | €6,335 | -€10,827 | -63.1% |
| Current portion of amounts payable after more than one year | 42 | €11,602 | €6,269 | -€5,332 | -46.0% |
| Trade debts | 44 | €2,848 | €5 | -€2,843 | -99.8% |
| Suppliers | 440/4 | €2,848 | €5 | -€2,843 | -99.8% |
| Taxes, remuneration and social security | 45 | €2,712 | €61 | -€2,651 | -97.7% |
| Taxes | 450/3 | €1,462 | €61 | -€1,401 | -95.8% |
| Remuneration and social security | 454/9 | €1,250 | €0 | -€1,250 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,691 | €3,374 | +€684 | +25.4% |
| Other operating charges | 640/8 | €4,193 | €2,192 | -€2,000 | -47.7% |
| Gross operating margin | 9900 | €33,137 | €26,977 | -€6,161 | -18.6% |
| Operating profit (loss) | 9901 | €26,254 | €21,410 | -€4,844 | -18.4% |
| Financial income | 75/76B | €1,647 | €1,844 | +€197 | +12.0% |
| Recurring financial income | 75 | €1,647 | €1,844 | +€197 | +12.0% |
| Financial charges | 65/66B | €9,005 | €5,209 | -€3,796 | -42.2% |
| Recurring financial charges | 65 | €9,005 | €5,209 | -€3,796 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €18,896 | €18,045 | -€851 | -4.5% |
| Income taxes | 67/77 | €5,752 | €5,787 | +€34 | +0.6% |
| Profit (loss) for the period | 9904 | €13,143 | €12,258 | -€885 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,143 | €12,258 | -€885 | -6.7% |
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 14 October 2026 via checked.be.