KINESITHE DELSAUT: what changed
KINESITHE DELSAUT
Largest movements
- Cash -€296,424
down €296,424 (-98.4%), from €301,297 to €4,873
mainly Current investments (-€280,000) and Tax, wage and social debts (-€27,699)
- Current investments +€280,000
new in 2026: €280,000
- Receivables within one year -€27,333
down €27,333 (-98.7%), from €27,685 to €352
of which Other amounts receivable: -€26,437
- Tangible fixed assets -€14,367
down €14,367 (-9.1%), from €158,680 to €144,313
- Tax, wage and social debts -€27,699
no longer reported in 2026 (was €27,699)
- Current portion of long-term debt -€14,785
down €14,785 (-66.3%), from €22,291 to €7,506
- Debts after one year -€7,505
no longer reported in 2026 (was €7,505)
- Other debts -€5,231
down €5,231 (-11.2%), from €46,769 to €41,538
- Gross operating margin -€412,402
down €412,402 (-96.4%), from €427,783 to €15,381
- Taxes -€131,262
no longer reported in 2026 (was €131,262)
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €487,662 | €429,538 | -€58,124 | -11.9% |
| Fixed assets | 21/28 | €158,680 | €144,313 | -€14,367 | -9.1% |
| Tangible fixed assets | 22/27 | €158,680 | €144,313 | -€14,367 | -9.1% |
| Land and buildings | 22 | €158,680 | €144,313 | -€14,367 | -9.1% |
| Current assets | 29/58 | €328,982 | €285,225 | -€43,757 | -13.3% |
| Amounts receivable within one year | 40/41 | €27,685 | €352 | -€27,333 | -98.7% |
| Trade receivables | 40 | €1,248 | €352 | -€896 | -71.8% |
| Other amounts receivable | 41 | €26,437 | - | -€26,437 | |
| Current investments | 50/53 | - | €280,000 | +€280,000 | |
| Cash at bank and in hand | 54/58 | €301,297 | €4,873 | -€296,424 | -98.4% |
| Total equity and liabilities | 10/49 | €487,662 | €429,538 | -€58,124 | -11.9% |
| Equity | 10/15 | €383,240 | €380,277 | -€2,963 | -0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €326,513 | €326,513 | = | 0.0% |
| Distributable reserves | 133 | €326,513 | €326,513 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,127 | €35,164 | -€2,963 | -7.8% |
| Amounts payable | 17/49 | €104,422 | €49,261 | -€55,161 | -52.8% |
| Amounts payable after more than one year | 17 | €7,505 | - | -€7,505 | |
| Financial debts | 170/4 | €7,505 | - | -€7,505 | |
| Amounts payable within one year | 42/48 | €96,917 | €49,261 | -€47,656 | -49.2% |
| Current portion of amounts payable after more than one year | 42 | €22,291 | €7,506 | -€14,785 | -66.3% |
| Trade debts | 44 | €158 | €217 | +€59 | +37.3% |
| Suppliers | 440/4 | €158 | €217 | +€59 | +37.3% |
| Taxes, remuneration and social security | 45 | €27,699 | - | -€27,699 | |
| Taxes | 450/3 | €27,699 | - | -€27,699 | |
| Other amounts payable | 47/48 | €46,769 | €41,538 | -€5,231 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,444 | €14,367 | -€77 | -0.5% |
| Other operating charges | 640/8 | €2,899 | €3,463 | +€564 | +19.5% |
| Gross operating margin | 9900 | €427,783 | €15,381 | -€412,402 | -96.4% |
| Operating profit (loss) | 9901 | €410,440 | -€2,449 | -€412,889 | |
| Financial charges | 65/66B | €2,185 | €514 | -€1,671 | -76.5% |
| Recurring financial charges | 65 | €2,185 | €514 | -€1,671 | -76.5% |
| Profit (loss) for the period before taxes | 9903 | €408,255 | -€2,963 | -€411,218 | |
| Income taxes | 67/77 | €131,262 | - | -€131,262 | |
| Profit (loss) for the period | 9904 | €276,993 | -€2,963 | -€279,956 | |
| Profit (loss) for the period to be appropriated | 9905 | €276,993 | -€2,963 | -€279,956 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.