KINESIA: 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.
KINESIA
Largest movements
- Receivables within one year -€80,296
down €80,296 (-54.7%), from €146,709 to €66,412
- Cash +€74,131
up €74,131 (+154.0%), from €48,151 to €122,282
mainly Receivables within one year (+€80,296) and Net result for the year (+€41,597)
- Reserves +€9,090
up €9,090 (+3.9%), from €233,915 to €243,005
of which Distributable reserves: +€9,090
- Other debts -€7,276
down €7,276 (-19.3%), from €37,740 to €30,465
- Gross operating margin +€45,401
up €45,401 (+101.9%), from €44,549 to €89,950
- Taxes +€18,512
up €18,512 (+184.2%), from €10,048 to €28,560
- Depreciation +€5,774
up €5,774 (+44.6%), from €12,959 to €18,734
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 | €319,863 | €314,630 | -€5,233 | -1.6% |
| Fixed assets | 21/28 | €125,003 | €125,935 | +€933 | +0.7% |
| Tangible fixed assets | 22/27 | €125,003 | €125,935 | +€933 | +0.7% |
| Land and buildings | 22 | €54,786 | €54,719 | -€67 | -0.1% |
| Plant, machinery and equipment | 23 | €52,585 | €59,973 | +€7,388 | +14.1% |
| Furniture and vehicles | 24 | €4,643 | €2,847 | -€1,797 | -38.7% |
| Leasing and similar rights | 25 | €12,989 | €8,397 | -€4,592 | -35.4% |
| Current assets | 29/58 | €194,860 | €188,695 | -€6,165 | -3.2% |
| Amounts receivable within one year | 40/41 | €146,709 | €66,412 | -€80,296 | -54.7% |
| Other amounts receivable | 41 | €146,709 | €66,412 | -€80,296 | -54.7% |
| Cash at bank and in hand | 54/58 | €48,151 | €122,282 | +€74,131 | +154.0% |
| Total equity and liabilities | 10/49 | €319,863 | €314,630 | -€5,233 | -1.6% |
| Equity | 10/15 | €252,507 | €261,597 | +€9,090 | +3.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €233,915 | €243,005 | +€9,090 | +3.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €232,056 | €241,146 | +€9,090 | +3.9% |
| Amounts payable | 17/49 | €67,356 | €53,033 | -€14,323 | -21.3% |
| Amounts payable after more than one year | 17 | €7,107 | €4,647 | -€2,460 | -34.6% |
| Financial debts | 170/4 | €7,107 | €4,647 | -€2,460 | -34.6% |
| Amounts payable within one year | 42/48 | €60,249 | €48,386 | -€11,863 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €3,422 | €2,460 | -€962 | -28.1% |
| Trade debts | 44 | €3,007 | €2,081 | -€926 | -30.8% |
| Suppliers | 440/4 | €3,007 | €2,081 | -€926 | -30.8% |
| Taxes, remuneration and social security | 45 | €16,079 | €13,381 | -€2,699 | -16.8% |
| Taxes | 450/3 | €16,079 | €13,381 | -€2,699 | -16.8% |
| Other amounts payable | 47/48 | €37,740 | €30,465 | -€7,276 | -19.3% |
| Non-recurring operating income | 76A | €1 | €0 | -€1 | -69.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,959 | €18,734 | +€5,774 | +44.6% |
| Other operating charges | 640/8 | €330 | €585 | +€255 | +77.2% |
| Gross operating margin | 9900 | €44,549 | €89,950 | +€45,401 | +101.9% |
| Operating profit (loss) | 9901 | €31,260 | €70,632 | +€39,372 | +125.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €602 | €476 | -€127 | -21.0% |
| Recurring financial charges | 65 | €602 | €476 | -€127 | -21.0% |
| Non-recurring financial charges | 66B | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | €30,658 | €70,157 | +€39,499 | +128.8% |
| Income taxes | 67/77 | €10,048 | €28,560 | +€18,512 | +184.2% |
| Profit (loss) for the period | 9904 | €20,610 | €41,597 | +€20,987 | +101.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,610 | €41,597 | +€20,987 | +101.8% |
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 6 October 2026 via checked.be.