KINESIREC: 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.
KINESIREC
Largest movements
- Receivables within one year +€16,006
up €16,006 (+111%), from €14,412 to €30,419
- Cash +€8,815
up €8,815 (+11.9%), from €73,989 to €82,804
mainly Net result for the year (+€27,926) and Depreciation (+€7,621)
- Tangible fixed assets -€7,371
down €7,371 (-25.6%), from €28,800 to €21,429
of which Furniture and vehicles: -€6,927
- Profit (loss) carried forward +€27,926
up €27,926 (+42.4%), from -€65,903 to -€37,977
- Other debts -€7,517
down €7,517 (-10.9%), from €68,870 to €61,353
- Debts after one year -€6,498
down €6,498 (-11.2%), from €58,272 to €51,773
- Tax, wage and social debts +€3,180
up €3,180 (+118%), from €2,704 to €5,884
of which Taxes: +€3,634
- Gross operating margin +€21,065
up €21,065 (+82.3%), from €25,590 to €46,655
- Taxes +€6,126
up €6,126 (+2,223%), from €276 to €6,402
- Financial charges +€769
up €769 (+24.1%), from €3,185 to €3,954
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €118,135 | €135,387 | +€17,252 | +14.6% |
| Fixed assets | 21/28 | €28,825 | €21,454 | -€7,371 | -25.6% |
| Tangible fixed assets | 22/27 | €28,800 | €21,429 | -€7,371 | -25.6% |
| Plant, machinery and equipment | 23 | €3,453 | €3,009 | -€444 | -12.9% |
| Furniture and vehicles | 24 | €25,347 | €18,420 | -€6,927 | -27.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €89,310 | €113,933 | +€24,623 | +27.6% |
| Amounts receivable within one year | 40/41 | €14,412 | €30,419 | +€16,006 | +111% |
| Trade receivables | 40 | €14,412 | €30,419 | +€16,006 | +111% |
| Cash at bank and in hand | 54/58 | €73,989 | €82,804 | +€8,815 | +11.9% |
| Deferred charges and accrued income | 490/1 | €908 | €711 | -€198 | -21.8% |
| Total equity and liabilities | 10/49 | €118,135 | €135,387 | +€17,252 | +14.6% |
| Equity | 10/15 | -€18,048 | €9,878 | +€27,926 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,255 | €29,255 | = | 0.0% |
| Distributable reserves | 133 | €29,255 | €29,255 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,903 | -€37,977 | +€27,926 | +42.4% |
| Amounts payable | 17/49 | €136,183 | €125,509 | -€10,674 | -7.8% |
| Amounts payable after more than one year | 17 | €58,272 | €51,773 | -€6,498 | -11.2% |
| Financial debts | 170/4 | €58,272 | €51,773 | -€6,498 | -11.2% |
| Amounts payable within one year | 42/48 | €77,911 | €73,735 | -€4,175 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €6,337 | €6,498 | +€162 | +2.6% |
| Taxes, remuneration and social security | 45 | €2,704 | €5,884 | +€3,180 | +118% |
| Taxes | 450/3 | €1,206 | €4,840 | +€3,634 | +301% |
| Remuneration and social security | 454/9 | €1,497 | €1,044 | -€454 | -30.3% |
| Other amounts payable | 47/48 | €68,870 | €61,353 | -€7,517 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,895 | €7,621 | -€274 | -3.5% |
| Other operating charges | 640/8 | €801 | €752 | -€49 | -6.1% |
| Gross operating margin | 9900 | €25,590 | €46,655 | +€21,065 | +82.3% |
| Operating profit (loss) | 9901 | €16,894 | €38,282 | +€21,388 | +127% |
| Financial charges | 65/66B | €3,185 | €3,954 | +€769 | +24.1% |
| Recurring financial charges | 65 | €3,185 | €3,954 | +€769 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €13,709 | €34,328 | +€20,619 | +150% |
| Income taxes | 67/77 | €276 | €6,402 | +€6,126 | +2,223% |
| Profit (loss) for the period | 9904 | €13,434 | €27,926 | +€14,493 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €13,434 | €27,926 | +€14,493 | +108% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.