KINESYS: 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.
KINESYS
Largest movements
- Tangible fixed assets -€12,231
down €12,231 (-6.3%), from €193,423 to €181,192
of which Land and buildings: -€9,739
- Cash -€7,380
down €7,380 (-62.7%), from €11,773 to €4,393
mainly Debts after one year (-€19,901) and Other debts (-€5,266)
- Debts after one year -€19,901
down €19,901 (-7.6%), from €260,227 to €240,326
of which Financial debts: -€19,901
- Reserves +€8,000
up €8,000 (+62.2%), from €12,860 to €20,860
of which Distributable reserves: +€8,000
- Financial charges +€16,175
up €16,175 (+1639.6%), from €987 to €17,161
- Gross operating margin +€12,348
up €12,348 (+37.2%), from €33,222 to €45,570
- Taxes -€1,110
down €1,110 (-21.6%), from €5,137 to €4,027
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 | €543,922 | €523,756 | -€20,166 | -3.7% |
| Fixed assets | 21/28 | €505,301 | €492,646 | -€12,656 | -2.5% |
| Intangible fixed assets | 21 | €1,879 | €1,454 | -€425 | -22.6% |
| Tangible fixed assets | 22/27 | €193,423 | €181,192 | -€12,231 | -6.3% |
| Land and buildings | 22 | €173,869 | €164,130 | -€9,739 | -5.6% |
| Plant, machinery and equipment | 23 | €16,936 | €15,413 | -€1,523 | -9.0% |
| Furniture and vehicles | 24 | €2,618 | €1,649 | -€969 | -37.0% |
| Financial fixed assets | 28 | €310,000 | €310,000 | = | 0.0% |
| Current assets | 29/58 | €38,620 | €31,111 | -€7,510 | -19.4% |
| Amounts receivable within one year | 40/41 | €26,847 | €26,200 | -€648 | -2.4% |
| Trade receivables | 40 | €30 | - | -€30 | |
| Other amounts receivable | 41 | €26,817 | €26,200 | -€618 | -2.3% |
| Cash at bank and in hand | 54/58 | €11,773 | €4,393 | -€7,380 | -62.7% |
| Deferred charges and accrued income | 490/1 | - | €518 | +€518 | |
| Total equity and liabilities | 10/49 | €543,922 | €523,756 | -€20,166 | -3.7% |
| Equity | 10/15 | €69,166 | €77,646 | +€8,480 | +12.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €12,860 | €20,860 | +€8,000 | +62.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €11,000 | €19,000 | +€8,000 | +72.7% |
| Profit (loss) carried forward | 14 | €50,106 | €50,586 | +€480 | +1.0% |
| Amounts payable | 17/49 | €474,756 | €446,110 | -€28,646 | -6.0% |
| Amounts payable after more than one year | 17 | €260,227 | €240,326 | -€19,901 | -7.6% |
| Financial debts | 170/4 | €259,747 | €239,846 | -€19,901 | -7.7% |
| Other amounts payable | 178/9 | €480 | €480 | = | 0.0% |
| Amounts payable within one year | 42/48 | €214,528 | €205,784 | -€8,745 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €23,776 | €19,901 | -€3,875 | -16.3% |
| Trade debts | 44 | €1,045 | €641 | -€404 | -38.6% |
| Suppliers | 440/4 | €1,045 | €641 | -€404 | -38.6% |
| Taxes, remuneration and social security | 45 | - | €800 | +€800 | |
| Taxes | 450/3 | - | €800 | +€800 | |
| Other amounts payable | 47/48 | €189,707 | €184,442 | -€5,266 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,443 | €14,287 | -€155 | -1.1% |
| Other operating charges | 640/8 | €1,566 | €1,614 | +€49 | +3.1% |
| Gross operating margin | 9900 | €33,222 | €45,570 | +€12,348 | +37.2% |
| Operating profit (loss) | 9901 | €17,214 | €29,669 | +€12,455 | +72.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | +900.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +900.0% |
| Financial charges | 65/66B | €987 | €17,161 | +€16,175 | +1639.6% |
| Recurring financial charges | 65 | €987 | €17,161 | +€16,175 | +1639.6% |
| Profit (loss) for the period before taxes | 9903 | €16,227 | €12,507 | -€3,720 | -22.9% |
| Income taxes | 67/77 | €5,137 | €4,027 | -€1,110 | -21.6% |
| Profit (loss) for the period | 9904 | €11,090 | €8,480 | -€2,610 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,090 | €8,480 | -€2,610 | -23.5% |
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.