Kinethel: 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.
Kinethel
Largest movements
- Receivables within one year +€84,398
up €84,398 (+468%), from €18,050 to €102,448
of which Trade receivables: +€69,591
- Cash -€15,795
down €15,795 (-25.1%), from €62,898 to €47,103
mainly Receivables within one year (-€84,398) and Net result for the year (-€13,494)
- Deferred charges and accrued income -€6,529
down €6,529 (-93.2%), from €7,006 to €477
- Other debts +€75,198
up €75,198 (+4,123%), from €1,824 to €77,022
- Reserves -€13,494
down €13,494 (-18.9%), from €71,430 to €57,936
- Trade debts +€1,827
up €1,827 (+1,051%), from €174 to €2,001
- Gross operating margin -€61,265
down €61,265, from €48,105 to -€13,160
- Taxes -€12,795
down €12,795 (-99.0%), from €12,927 to €132
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 | €87,954 | €150,029 | +€62,074 | +70.6% |
| Current assets | 29/58 | €87,954 | €150,029 | +€62,074 | +70.6% |
| Amounts receivable within one year | 40/41 | €18,050 | €102,448 | +€84,398 | +468% |
| Trade receivables | 40 | - | €69,591 | +€69,591 | |
| Other amounts receivable | 41 | €18,050 | €32,857 | +€14,807 | +82.0% |
| Cash at bank and in hand | 54/58 | €62,898 | €47,103 | -€15,795 | -25.1% |
| Deferred charges and accrued income | 490/1 | €7,006 | €477 | -€6,529 | -93.2% |
| Total equity and liabilities | 10/49 | €87,954 | €150,029 | +€62,074 | +70.6% |
| Equity | 10/15 | €71,530 | €58,036 | -€13,494 | -18.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €71,430 | €57,936 | -€13,494 | -18.9% |
| Distributable reserves | 133 | €71,430 | €57,936 | -€13,494 | -18.9% |
| Amounts payable | 17/49 | €16,424 | €91,993 | +€75,568 | +460% |
| Amounts payable within one year | 42/48 | €14,961 | €91,993 | +€77,031 | +515% |
| Trade debts | 44 | €174 | €2,001 | +€1,827 | +1,051% |
| Suppliers | 440/4 | €174 | €2,001 | +€1,827 | +1,051% |
| Taxes, remuneration and social security | 45 | €12,963 | €12,969 | +€6 | 0.0% |
| Taxes | 450/3 | €12,963 | €12,969 | +€6 | 0.0% |
| Other amounts payable | 47/48 | €1,824 | €77,022 | +€75,198 | +4,123% |
| Accrued charges and deferred income | 492/3 | €1,463 | - | -€1,463 | |
| Other operating charges | 640/8 | €301 | €306 | +€5 | +1.7% |
| Gross operating margin | 9900 | €48,105 | -€13,160 | -€61,265 | |
| Operating profit (loss) | 9901 | €47,804 | -€13,466 | -€61,270 | |
| Financial income | 75/76B | €150 | €149 | -€1 | -0.4% |
| Recurring financial income | 75 | €150 | €149 | -€1 | -0.4% |
| Financial charges | 65/66B | €314 | €45 | -€269 | -85.7% |
| Recurring financial charges | 65 | €314 | €45 | -€269 | -85.7% |
| Profit (loss) for the period before taxes | 9903 | €47,640 | -€13,362 | -€61,002 | |
| Income taxes | 67/77 | €12,927 | €132 | -€12,795 | -99.0% |
| Profit (loss) for the period | 9904 | €34,713 | -€13,494 | -€48,207 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,713 | -€13,494 | -€48,207 |
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 20 October 2026 via checked.be.