KINET BERNARD: 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.
KINET BERNARD
Largest movements
- Stocks and contracts -€21,014
down €21,014 (-16.6%), from €126,424 to €105,410
- Cash -€6,686
down €6,686 (-8.8%), from €75,559 to €68,873
mainly Other debts (-€23,298) and Tax, wage and social debts (-€5,866)
- Receivables within one year +€2,702
up €2,702 (+41.4%), from €6,534 to €9,236
of which Other amounts receivable: +€2,702
- Other debts -€23,298
down €23,298 (-84.1%), from €27,712 to €4,415
- Tax, wage and social debts -€5,866
down €5,866 (-84.3%), from €6,958 to €1,092
- Reserves +€5,000
up €5,000 (+5.6%), from €89,560 to €94,560
of which Distributable reserves: +€5,000
- Gross operating margin -€8,025
down €8,025 (-39.1%), from €20,536 to €12,512
- Taxes -€3,177
down €3,177 (-56.2%), from €5,655 to €2,478
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.
Derived cash bridge
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 | €211,315 | €186,258 | -€25,057 | -11.9% |
| Fixed assets | 21/28 | €1,991 | €1,756 | -€235 | -11.8% |
| Intangible fixed assets | 21 | €1,360 | €1,021 | -€339 | -24.9% |
| Tangible fixed assets | 22/27 | €532 | €636 | +€104 | +19.5% |
| Furniture and vehicles | 24 | €532 | €636 | +€104 | +19.5% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €209,324 | €184,501 | -€24,822 | -11.9% |
| Stocks and contracts in progress | 3 | €126,424 | €105,410 | -€21,014 | -16.6% |
| Stocks | 30/36 | €126,424 | €105,410 | -€21,014 | -16.6% |
| Amounts receivable within one year | 40/41 | €6,534 | €9,236 | +€2,702 | +41.4% |
| Trade receivables | 40 | €6,534 | €6,534 | = | 0.0% |
| Other amounts receivable | 41 | - | €2,702 | +€2,702 | |
| Cash at bank and in hand | 54/58 | €75,559 | €68,873 | -€6,686 | -8.8% |
| Deferred charges and accrued income | 490/1 | €806 | €982 | +€176 | +21.8% |
| Total equity and liabilities | 10/49 | €211,315 | €186,258 | -€25,057 | -11.9% |
| Equity | 10/15 | €103,874 | €108,966 | +€5,092 | +4.9% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €89,560 | €94,560 | +€5,000 | +5.6% |
| 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 | €87,700 | €92,700 | +€5,000 | +5.7% |
| Profit (loss) carried forward | 14 | €8,109 | €8,201 | +€92 | +1.1% |
| Amounts payable | 17/49 | €107,441 | €77,291 | -€30,150 | -28.1% |
| Amounts payable after more than one year | 17 | €66,000 | €66,000 | = | 0.0% |
| Other amounts payable | 178/9 | €66,000 | €66,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €38,801 | €8,651 | -€30,150 | -77.7% |
| Trade debts | 44 | €4,130 | €3,145 | -€986 | -23.9% |
| Suppliers | 440/4 | €4,130 | €3,145 | -€986 | -23.9% |
| Taxes, remuneration and social security | 45 | €6,958 | €1,092 | -€5,866 | -84.3% |
| Taxes | 450/3 | €6,958 | €1,092 | -€5,866 | -84.3% |
| Other amounts payable | 47/48 | €27,712 | €4,415 | -€23,298 | -84.1% |
| Accrued charges and deferred income | 492/3 | €2,640 | €2,640 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €659 | €774 | +€115 | +17.5% |
| Other operating charges | 640/8 | €475 | €498 | +€23 | +4.9% |
| Non-recurring operating charges | 66A | - | €1,386 | +€1,386 | |
| Gross operating margin | 9900 | €20,536 | €12,512 | -€8,025 | -39.1% |
| Operating profit (loss) | 9901 | €19,403 | €9,854 | -€9,549 | -49.2% |
| Financial income | 75/76B | €721 | €802 | +€81 | +11.3% |
| Recurring financial income | 75 | €721 | €802 | +€81 | +11.3% |
| Financial charges | 65/66B | €3,016 | €3,085 | +€69 | +2.3% |
| Recurring financial charges | 65 | €3,016 | €3,085 | +€69 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €17,107 | €7,571 | -€9,536 | -55.7% |
| Income taxes | 67/77 | €5,655 | €2,478 | -€3,177 | -56.2% |
| Profit (loss) for the period | 9904 | €11,452 | €5,092 | -€6,359 | -55.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,452 | €5,092 | -€6,359 | -55.5% |
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 17 October 2026 via checked.be.