KINETON: 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.
KINETON
Largest movements
- Tangible fixed assets -€9,789
down €9,789 (-52.7%), from €18,565 to €8,776
of which Furniture and vehicles: -€9,475
- Receivables within one year +€4,493
up €4,493 (+15.2%), from €29,631 to €34,124
of which Trade receivables: +€3,323
- Other debts +€37,781
up €37,781 (+164.3%), from €22,991 to €60,772
- Reserves -€37,769
down €37,769 (-67.5%), from €55,989 to €18,220
- Debts after one year -€5,914
no longer reported in 2025 (was €5,914)
- Trade debts +€1,738
up €1,738 (+82.9%), from €2,096 to €3,834
- Current portion of long-term debt -€1,140
down €1,140 (-16.2%), from €7,054 to €5,914
- Gross operating margin +€7,196
up €7,196 (+72.7%), from €9,897 to €17,094
- Taxes +€1,574
up €1,574 (+249.7%), from €630 to €2,204
- Depreciation +€365
up €365 (+3.9%), from €9,424 to €9,789
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 | €106,443 | €101,659 | -€4,784 | -4.5% |
| Fixed assets | 21/28 | €18,565 | €8,776 | -€9,789 | -52.7% |
| Tangible fixed assets | 22/27 | €18,565 | €8,776 | -€9,789 | -52.7% |
| Furniture and vehicles | 24 | €17,848 | €8,373 | -€9,475 | -53.1% |
| Other tangible fixed assets | 26 | €717 | €403 | -€314 | -43.8% |
| Current assets | 29/58 | €87,878 | €92,884 | +€5,005 | +5.7% |
| Amounts receivable within one year | 40/41 | €29,631 | €34,124 | +€4,493 | +15.2% |
| Trade receivables | 40 | €26,635 | €29,958 | +€3,323 | +12.5% |
| Other amounts receivable | 41 | €2,997 | €4,166 | +€1,169 | +39.0% |
| Cash at bank and in hand | 54/58 | €58,247 | €58,493 | +€246 | +0.4% |
| Deferred charges and accrued income | 490/1 | - | €267 | +€267 | |
| Total equity and liabilities | 10/49 | €106,443 | €101,659 | -€4,784 | -4.5% |
| Equity | 10/15 | €68,389 | €30,620 | -€37,769 | -55.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €55,989 | €18,220 | -€37,769 | -67.5% |
| Distributable reserves | 133 | €55,989 | €18,220 | -€37,769 | -67.5% |
| Amounts payable | 17/49 | €38,054 | €71,039 | +€32,985 | +86.7% |
| Amounts payable after more than one year | 17 | €5,914 | - | -€5,914 | |
| Financial debts | 170/4 | €5,914 | - | -€5,914 | |
| Amounts payable within one year | 42/48 | €32,140 | €71,020 | +€38,880 | +121.0% |
| Current portion of amounts payable after more than one year | 42 | €7,054 | €5,914 | -€1,140 | -16.2% |
| Trade debts | 44 | €2,096 | €3,834 | +€1,738 | +82.9% |
| Suppliers | 440/4 | €2,096 | €3,834 | +€1,738 | +82.9% |
| Taxes, remuneration and social security | 45 | - | €500 | +€500 | |
| Taxes | 450/3 | - | €500 | +€500 | |
| Other amounts payable | 47/48 | €22,991 | €60,772 | +€37,781 | +164.3% |
| Accrued charges and deferred income | 492/3 | - | €19 | +€19 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,424 | €9,789 | +€365 | +3.9% |
| Other operating charges | 640/8 | €392 | €234 | -€158 | -40.3% |
| Non-recurring operating charges | 66A | - | €382 | +€382 | |
| Gross operating margin | 9900 | €9,897 | €17,094 | +€7,196 | +72.7% |
| Operating profit (loss) | 9901 | €82 | €6,689 | +€6,607 | +8100.7% |
| Financial charges | 65/66B | €405 | €473 | +€69 | +16.9% |
| Recurring financial charges | 65 | €405 | €473 | +€69 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | -€323 | €6,215 | +€6,538 | |
| Income taxes | 67/77 | €630 | €2,204 | +€1,574 | +249.7% |
| Profit (loss) for the period | 9904 | -€953 | €4,011 | +€4,965 | |
| Profit (loss) for the period to be appropriated | 9905 | -€953 | €4,011 | +€4,965 |
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 7 October 2026 via checked.be.