Kinéstor: 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.
Kinéstor
Largest movements
- Cash +€41,913
up €41,913 (+68.8%), from €60,918 to €102,832
mainly Net result for the year (+€26,404) and Receivables within one year (+€8,753)
- Receivables within one year -€8,753
down €8,753 (-53.2%), from €16,457 to €7,704
of which Other amounts receivable: -€4,581
- Profit (loss) carried forward +€26,404
up €26,404 (+38.1%), from €69,355 to €95,759
- Tax, wage and social debts +€7,422
up €7,422 (+103.3%), from €7,185 to €14,607
- Trade debts -€1,488
down €1,488 (-41.5%), from €3,584 to €2,095
- Gross operating margin +€1,315
up €1,315 (+3.9%), from €33,677 to €34,992
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 | €80,123 | €112,461 | +€32,338 | +40.4% |
| Formation expenses | 20 | €730 | €508 | -€223 | -30.5% |
| Fixed assets | 21/28 | €2,017 | €1,418 | -€600 | -29.7% |
| Tangible fixed assets | 22/27 | €2,017 | €1,418 | -€600 | -29.7% |
| Furniture and vehicles | 24 | €2,017 | €1,418 | -€600 | -29.7% |
| Current assets | 29/58 | €77,375 | €110,536 | +€33,160 | +42.9% |
| Amounts receivable within one year | 40/41 | €16,457 | €7,704 | -€8,753 | -53.2% |
| Trade receivables | 40 | €4,593 | €421 | -€4,172 | -90.8% |
| Other amounts receivable | 41 | €11,864 | €7,283 | -€4,581 | -38.6% |
| Cash at bank and in hand | 54/58 | €60,918 | €102,832 | +€41,913 | +68.8% |
| Total equity and liabilities | 10/49 | €80,123 | €112,461 | +€32,338 | +40.4% |
| Equity | 10/15 | €69,355 | €95,759 | +€26,404 | +38.1% |
| Profit (loss) carried forward | 14 | €69,355 | €95,759 | +€26,404 | +38.1% |
| Amounts payable | 17/49 | €10,768 | €16,702 | +€5,934 | +55.1% |
| Amounts payable within one year | 42/48 | €10,768 | €16,702 | +€5,934 | +55.1% |
| Trade debts | 44 | €3,584 | €2,095 | -€1,488 | -41.5% |
| Suppliers | 440/4 | €3,584 | €2,095 | -€1,488 | -41.5% |
| Taxes, remuneration and social security | 45 | €7,185 | €14,607 | +€7,422 | +103.3% |
| Taxes | 450/3 | €7,185 | €14,607 | +€7,422 | +103.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €822 | €822 | = | 0.0% |
| Other operating charges | 640/8 | €0 | €173 | +€173 | +78640.9% |
| Gross operating margin | 9900 | €33,677 | €34,992 | +€1,315 | +3.9% |
| Operating profit (loss) | 9901 | €32,855 | €33,997 | +€1,142 | +3.5% |
| Financial charges | 65/66B | €97 | €170 | +€73 | +74.9% |
| Recurring financial charges | 65 | €97 | €170 | +€73 | +74.9% |
| Profit (loss) for the period before taxes | 9903 | €32,757 | €33,826 | +€1,069 | +3.3% |
| Income taxes | 67/77 | €7,185 | €7,422 | +€238 | +3.3% |
| Profit (loss) for the period | 9904 | €25,573 | €26,404 | +€831 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,573 | €26,404 | +€831 | +3.3% |
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 12 October 2026 via checked.be.