KINESY: 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.
KINESY
Largest movements
- Receivables within one year +€50,251
up €50,251 (+22.7%), from €221,331 to €271,582
of which Other amounts receivable: +€40,580
- Tangible fixed assets +€18,068
up €18,068 (+61.5%), from €29,389 to €47,457
of which Furniture and vehicles: +€19,205
- Cash -€14,587
down €14,587 (-71.3%), from €20,459 to €5,872
mainly Receivables within one year (-€50,251) and Investment in fixed assets (net) (-€35,419)
- Reserves +€47,708
up €47,708 (+24.5%), from €195,064 to €242,771
- Trade debts -€18,155
down €18,155 (-97.2%), from €18,680 to €526
- Debts after one year +€11,164
up €11,164 (+285.7%), from €3,907 to €15,071
- Tax, wage and social debts +€5,680
up €5,680 (+12.1%), from €46,906 to €52,586
- Gross operating margin +€26,466
up €26,466 (+33.4%), from €79,205 to €105,671
- Taxes +€7,223
up €7,223 (+33.7%), from €21,422 to €28,645
- Depreciation +€2,164
up €2,164 (+14.2%), from €15,187 to €17,351
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 | €309,756 | €361,200 | +€51,443 | +16.6% |
| Fixed assets | 21/28 | €29,389 | €47,457 | +€18,068 | +61.5% |
| Tangible fixed assets | 22/27 | €29,389 | €47,457 | +€18,068 | +61.5% |
| Plant, machinery and equipment | 23 | €8,102 | €6,965 | -€1,137 | -14.0% |
| Furniture and vehicles | 24 | €21,288 | €40,493 | +€19,205 | +90.2% |
| Current assets | 29/58 | €280,367 | €313,742 | +€33,375 | +11.9% |
| Amounts receivable after more than one year | 29 | €38,576 | €36,288 | -€2,288 | -5.9% |
| Other amounts receivable | 291 | €38,576 | €36,288 | -€2,288 | -5.9% |
| Amounts receivable within one year | 40/41 | €221,331 | €271,582 | +€50,251 | +22.7% |
| Trade receivables | 40 | €3,984 | €13,655 | +€9,671 | +242.7% |
| Other amounts receivable | 41 | €217,347 | €257,927 | +€40,580 | +18.7% |
| Cash at bank and in hand | 54/58 | €20,459 | €5,872 | -€14,587 | -71.3% |
| Total equity and liabilities | 10/49 | €309,756 | €361,200 | +€51,443 | +16.6% |
| Equity | 10/15 | €207,464 | €255,171 | +€47,708 | +23.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €195,064 | €242,771 | +€47,708 | +24.5% |
| Distributable reserves | 133 | €195,064 | €242,771 | +€47,708 | +24.5% |
| Amounts payable | 17/49 | €102,293 | €106,028 | +€3,735 | +3.7% |
| Amounts payable after more than one year | 17 | €3,907 | €15,071 | +€11,164 | +285.7% |
| Financial debts | 170/4 | €3,907 | €15,071 | +€11,164 | +285.7% |
| Amounts payable within one year | 42/48 | €76,937 | €67,893 | -€9,044 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €11,351 | €14,782 | +€3,431 | +30.2% |
| Trade debts | 44 | €18,680 | €526 | -€18,155 | -97.2% |
| Suppliers | 440/4 | €18,680 | €526 | -€18,155 | -97.2% |
| Taxes, remuneration and social security | 45 | €46,906 | €52,586 | +€5,680 | +12.1% |
| Taxes | 450/3 | €46,906 | €52,586 | +€5,680 | +12.1% |
| Accrued charges and deferred income | 492/3 | €21,449 | €23,064 | +€1,616 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,187 | €17,351 | +€2,164 | +14.2% |
| Other operating charges | 640/8 | €2,047 | €1,333 | -€714 | -34.9% |
| Gross operating margin | 9900 | €79,205 | €105,671 | +€26,466 | +33.4% |
| Operating profit (loss) | 9901 | €61,971 | €86,988 | +€25,017 | +40.4% |
| Financial income | 75/76B | €12,934 | €13,940 | +€1,006 | +7.8% |
| Recurring financial income | 75 | €12,934 | €13,940 | +€1,006 | +7.8% |
| Financial charges | 65/66B | €3,997 | €3,363 | -€634 | -15.9% |
| Recurring financial charges | 65 | €3,997 | €3,363 | -€634 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €70,908 | €97,565 | +€26,657 | +37.6% |
| Income taxes | 67/77 | €21,422 | €28,645 | +€7,223 | +33.7% |
| Profit (loss) for the period | 9904 | €49,486 | €68,920 | +€19,434 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €49,486 | €68,920 | +€19,434 | +39.3% |
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 9 October 2026 via checked.be.