KINETHERA: what changed
Two fiscal 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.
KINETHERA
Largest movements
- Cash +€6,947
up €6,947 (+16.1%), from €43,219 to €50,166
mainly Depreciation (+€22,285) and Net result for the year (+€16,909)
- Tangible fixed assets +€6,529
up €6,529 (+3.1%), from €212,536 to €219,065
of which Furniture and vehicles: +€23,720
- Profit (loss) carried forward +€16,909
up €16,909 (+41.6%), from €40,687 to €57,596
- Tax, wage and social debts -€5,000
down €5,000 (-45.5%), from €11,000 to €6,000
- Current portion of long-term debt +€4,982
up €4,982 (+23.2%), from €21,439 to €26,422
- Debts after one year -€3,970
down €3,970 (-2.5%), from €156,669 to €152,699
- Gross operating margin +€8,857
up €8,857 (+20.0%), from €44,251 to €53,107
- Turnover +€8,782
up €8,782 (+5.7%), from €154,328 to €163,110
- Taxes +€2,589
up €2,589 (+45.1%), from €5,740 to €8,329
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 | €255,999 | €269,475 | +€13,476 | +5.3% |
| Fixed assets | 21/28 | €212,780 | €219,309 | +€6,529 | +3.1% |
| Tangible fixed assets | 22/27 | €212,536 | €219,065 | +€6,529 | +3.1% |
| Land and buildings | 22 | €211,010 | €193,819 | -€17,191 | -8.1% |
| Furniture and vehicles | 24 | €1,526 | €25,246 | +€23,720 | +1554.7% |
| Financial fixed assets | 28 | €244 | €244 | = | 0.0% |
| Current assets | 29/58 | €43,219 | €50,166 | +€6,947 | +16.1% |
| Cash at bank and in hand | 54/58 | €43,219 | €50,166 | +€6,947 | +16.1% |
| Total equity and liabilities | 10/49 | €255,999 | €269,475 | +€13,476 | +5.3% |
| Equity | 10/15 | €54,947 | €71,856 | +€16,909 | +30.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,687 | €57,596 | +€16,909 | +41.6% |
| Amounts payable | 17/49 | €201,052 | €197,619 | -€3,433 | -1.7% |
| Amounts payable after more than one year | 17 | €156,669 | €152,699 | -€3,970 | -2.5% |
| Financial debts | 170/4 | €156,669 | €152,699 | -€3,970 | -2.5% |
| Amounts payable within one year | 42/48 | €44,383 | €44,920 | +€537 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €21,439 | €26,422 | +€4,982 | +23.2% |
| Trade debts | 44 | €6,793 | €6,698 | -€94 | -1.4% |
| Suppliers | 440/4 | €6,793 | €6,698 | -€94 | -1.4% |
| Taxes, remuneration and social security | 45 | €11,000 | €6,000 | -€5,000 | -45.5% |
| Taxes | 450/3 | €11,000 | €6,000 | -€5,000 | -45.5% |
| Other amounts payable | 47/48 | €5,151 | €5,800 | +€649 | +12.6% |
| Turnover | 70 | €154,328 | €163,110 | +€8,782 | +5.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €110,077 | €110,002 | -€75 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,784 | €22,285 | +€1,501 | +7.2% |
| Other operating charges | 640/8 | €1,109 | €1,341 | +€233 | +21.0% |
| Gross operating margin | 9900 | €44,251 | €53,107 | +€8,857 | +20.0% |
| Operating profit (loss) | 9901 | €22,358 | €29,481 | +€7,122 | +31.9% |
| Financial charges | 65/66B | €4,072 | €4,242 | +€170 | +4.2% |
| Recurring financial charges | 65 | €4,072 | €4,242 | +€170 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €18,286 | €25,239 | +€6,952 | +38.0% |
| Income taxes | 67/77 | €5,740 | €8,329 | +€2,589 | +45.1% |
| Profit (loss) for the period | 9904 | €12,546 | €16,909 | +€4,363 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,546 | €16,909 | +€4,363 | +34.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.