KINESIE: 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.
KINESIE
Largest movements
- Tangible fixed assets -€6,864
down €6,864 (-33.6%), from €20,447 to €13,583
of which Leasing and similar rights: -€7,822
- Cash -€4,704
down €4,704 (-79.3%), from €5,935 to €1,231
mainly Net result for the year (-€24,653) and Current portion of long-term debt (-€5,614)
- Deferred charges and accrued income +€3,827
up €3,827 (+96.2%), from €3,976 to €7,803
- Profit (loss) carried forward -€24,653
down €24,653 (-186%), from -€13,241 to -€37,895
- Advances received +€10,204
new in 2025: €10,204
- Trade debts +€5,930
up €5,930 (+151%), from €3,925 to €9,855
- Other debts +€5,887
up €5,887 (+197%), from €2,994 to €8,881
- Current portion of long-term debt -€5,614
down €5,614 (-65.8%), from €8,526 to €2,912
- Gross operating margin -€15,616
down €15,616, from €12,771 to -€2,845
- Other operating charges +€2,318
up €2,318 (+53.0%), from €4,372 to €6,690
- Financial charges +€1,733
up €1,733 (+58.0%), from €2,988 to €4,721
- Depreciation +€199
up €199 (+2.0%), from €10,072 to €10,271
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 | €30,464 | €22,618 | -€7,846 | -25.8% |
| Fixed assets | 21/28 | €20,447 | €13,583 | -€6,864 | -33.6% |
| Tangible fixed assets | 22/27 | €20,447 | €13,583 | -€6,864 | -33.6% |
| Furniture and vehicles | 24 | €5,654 | €6,947 | +€1,293 | +22.9% |
| Leasing and similar rights | 25 | €13,590 | €5,768 | -€7,822 | -57.6% |
| Other tangible fixed assets | 26 | €1,204 | €868 | -€336 | -27.9% |
| Current assets | 29/58 | €10,016 | €9,035 | -€982 | -9.8% |
| Amounts receivable within one year | 40/41 | €105 | - | -€105 | |
| Trade receivables | 40 | €105 | - | -€105 | |
| Cash at bank and in hand | 54/58 | €5,935 | €1,231 | -€4,704 | -79.3% |
| Deferred charges and accrued income | 490/1 | €3,976 | €7,803 | +€3,827 | +96.2% |
| Total equity and liabilities | 10/49 | €30,464 | €22,618 | -€7,846 | -25.8% |
| Equity | 10/15 | -€841 | -€25,495 | -€24,653 | -2,931% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,241 | -€37,895 | -€24,653 | -186% |
| Amounts payable | 17/49 | €31,305 | €48,112 | +€16,808 | +53.7% |
| Amounts payable after more than one year | 17 | €4,462 | €1,550 | -€2,912 | -65.3% |
| Financial debts | 170/4 | €4,462 | €1,550 | -€2,912 | -65.3% |
| Amounts payable within one year | 42/48 | €25,788 | €45,506 | +€19,717 | +76.5% |
| Current portion of amounts payable after more than one year | 42 | €8,526 | €2,912 | -€5,614 | -65.8% |
| Financial debts | 43 | €338 | €1,224 | +€886 | +262% |
| Credit institutions | 430/8 | €338 | €1,224 | +€886 | +262% |
| Trade debts | 44 | €3,925 | €9,855 | +€5,930 | +151% |
| Suppliers | 440/4 | €3,925 | €9,855 | +€5,930 | +151% |
| Advances received on contracts in progress | 46 | - | €10,204 | +€10,204 | |
| Taxes, remuneration and social security | 45 | €10,006 | €12,429 | +€2,423 | +24.2% |
| Taxes | 450/3 | €7,806 | €3,285 | -€4,521 | -57.9% |
| Remuneration and social security | 454/9 | €2,200 | €9,144 | +€6,944 | +316% |
| Other amounts payable | 47/48 | €2,994 | €8,881 | +€5,887 | +197% |
| Accrued charges and deferred income | 492/3 | €1,054 | €1,057 | +€3 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,072 | €10,271 | +€199 | +2.0% |
| Other operating charges | 640/8 | €4,372 | €6,690 | +€2,318 | +53.0% |
| Gross operating margin | 9900 | €12,771 | -€2,845 | -€15,616 | |
| Operating profit (loss) | 9901 | -€1,674 | -€19,806 | -€18,132 | -1,083% |
| Financial income | 75/76B | €135 | €18 | -€117 | -86.4% |
| Recurring financial income | 75 | €135 | €18 | -€117 | -86.4% |
| Financial charges | 65/66B | €2,988 | €4,721 | +€1,733 | +58.0% |
| Recurring financial charges | 65 | €2,988 | €4,721 | +€1,733 | +58.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,526 | -€24,509 | -€19,983 | -442% |
| Income taxes | 67/77 | €97 | €145 | +€48 | +50.1% |
| Profit (loss) for the period | 9904 | -€4,623 | -€24,653 | -€20,031 | -433% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,623 | -€24,653 | -€20,031 | -433% |
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 17 October 2026 via checked.be.