KineTrust: 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.
KineTrust
Largest movements
- Cash +€20,003
up €20,003 (+89.6%), from €22,322 to €42,325
mainly Net result for the year (+€10,654) and Depreciation (+€6,929)
- Receivables within one year -€3,973
no longer reported in 2025 (was €3,973)
- Deferred charges and accrued income -€1,399
down €1,399 (-64.6%), from €2,165 to €766
- Reserves +€10,654
up €10,654 (+22.2%), from €48,094 to €58,748
- Accrued charges and deferred income +€2,849
up €2,849 (+331.3%), from €860 to €3,709
- Trade debts +€1,251
up €1,251 (+294.2%), from €425 to €1,676
- Gross operating margin +€6,586
up €6,586 (+38.3%), from €17,204 to €23,790
- Taxes +€1,615
up €1,615 (+45.7%), from €3,534 to €5,150
- Depreciation +€1,443
up €1,443 (+26.3%), from €5,485 to €6,929
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 | €57,795 | €72,688 | +€14,893 | +25.8% |
| Fixed assets | 21/28 | €29,334 | €29,597 | +€262 | +0.9% |
| Tangible fixed assets | 22/27 | €29,334 | €29,597 | +€262 | +0.9% |
| Land and buildings | 22 | €6,829 | €5,772 | -€1,056 | -15.5% |
| Plant, machinery and equipment | 23 | €1,150 | €1,139 | -€11 | -1.0% |
| Furniture and vehicles | 24 | €4,491 | €3,355 | -€1,136 | -25.3% |
| Other tangible fixed assets | 26 | €16,864 | €19,331 | +€2,466 | +14.6% |
| Current assets | 29/58 | €28,461 | €43,091 | +€14,631 | +51.4% |
| Amounts receivable within one year | 40/41 | €3,973 | - | -€3,973 | |
| Other amounts receivable | 41 | €3,973 | - | -€3,973 | |
| Cash at bank and in hand | 54/58 | €22,322 | €42,325 | +€20,003 | +89.6% |
| Deferred charges and accrued income | 490/1 | €2,165 | €766 | -€1,399 | -64.6% |
| Total equity and liabilities | 10/49 | €57,795 | €72,688 | +€14,893 | +25.8% |
| Equity | 10/15 | €54,294 | €64,948 | +€10,654 | +19.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €48,094 | €58,748 | +€10,654 | +22.2% |
| Distributable reserves | 133 | €48,094 | €58,748 | +€10,654 | +22.2% |
| Amounts payable | 17/49 | €3,501 | €7,740 | +€4,239 | +121.1% |
| Amounts payable within one year | 42/48 | €2,641 | €4,030 | +€1,389 | +52.6% |
| Trade debts | 44 | €425 | €1,676 | +€1,251 | +294.2% |
| Suppliers | 440/4 | €425 | €1,676 | +€1,251 | +294.2% |
| Taxes, remuneration and social security | 45 | €2,205 | €2,355 | +€150 | +6.8% |
| Taxes | 450/3 | €2,205 | €2,355 | +€150 | +6.8% |
| Other amounts payable | 47/48 | €11 | - | -€11 | |
| Accrued charges and deferred income | 492/3 | €860 | €3,709 | +€2,849 | +331.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,485 | €6,929 | +€1,443 | +26.3% |
| Other operating charges | 640/8 | €631 | €737 | +€106 | +16.8% |
| Gross operating margin | 9900 | €17,204 | €23,790 | +€6,586 | +38.3% |
| Operating profit (loss) | 9901 | €11,088 | €16,125 | +€5,037 | +45.4% |
| Financial income | 75/76B | €20 | €5 | -€15 | -73.7% |
| Recurring financial income | 75 | €20 | €5 | -€15 | -73.7% |
| Financial charges | 65/66B | €348 | €326 | -€23 | -6.5% |
| Recurring financial charges | 65 | €348 | €326 | -€23 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €10,759 | €15,804 | +€5,045 | +46.9% |
| Income taxes | 67/77 | €3,534 | €5,150 | +€1,615 | +45.7% |
| Profit (loss) for the period | 9904 | €7,225 | €10,654 | +€3,429 | +47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,225 | €10,654 | +€3,429 | +47.5% |
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.