KINEVANDER: 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.
KINEVANDER
Largest movements
- Cash +€32,517
up €32,517 (+51.3%), from €63,389 to €95,907
mainly Net result for the year (+€32,911) and Depreciation (+€4,103)
- Tangible fixed assets -€3,740
down €3,740 (-56.2%), from €6,657 to €2,917
- Intangible fixed assets +€3,533
new in 2025: €3,533
- Reserves +€32,911
up €32,911 (+45.6%), from €72,228 to €105,139
- Tax, wage and social debts -€2,385
no longer reported in 2025 (was €2,385)
- Other debts +€1,098
up €1,098 (+79.1%), from €1,388 to €2,486
- Purchases and services -€32,729
no longer reported in 2025 (was €32,729)
- Gross operating margin +€10,811
up €10,811 (+26.9%), from €40,255 to €51,065
- Taxes +€2,346
up €2,346 (+20.3%), from €11,576 to €13,922
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 | €76,628 | €108,948 | +€32,320 | +42.2% |
| Fixed assets | 21/28 | €6,657 | €6,450 | -€207 | -3.1% |
| Intangible fixed assets | 21 | - | €3,533 | +€3,533 | |
| Tangible fixed assets | 22/27 | €6,657 | €2,917 | -€3,740 | -56.2% |
| Furniture and vehicles | 24 | €6,657 | €2,917 | -€3,740 | -56.2% |
| Current assets | 29/58 | €69,971 | €102,498 | +€32,527 | +46.5% |
| Amounts receivable within one year | 40/41 | €4,750 | €5,022 | +€272 | +5.7% |
| Other amounts receivable | 41 | €4,750 | €5,022 | +€272 | +5.7% |
| Cash at bank and in hand | 54/58 | €63,389 | €95,907 | +€32,517 | +51.3% |
| Deferred charges and accrued income | 490/1 | €1,832 | €1,569 | -€263 | -14.3% |
| Total equity and liabilities | 10/49 | €76,628 | €108,948 | +€32,320 | +42.2% |
| Equity | 10/15 | €72,229 | €105,140 | +€32,911 | +45.6% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €72,228 | €105,139 | +€32,911 | +45.6% |
| Distributable reserves | 133 | €72,228 | €105,139 | +€32,911 | +45.6% |
| Amounts payable | 17/49 | €4,399 | €3,808 | -€591 | -13.4% |
| Amounts payable within one year | 42/48 | €4,399 | €3,808 | -€591 | -13.4% |
| Trade debts | 44 | €626 | €1,322 | +€696 | +111.3% |
| Suppliers | 440/4 | €626 | €1,322 | +€696 | +111.3% |
| Taxes, remuneration and social security | 45 | €2,385 | - | -€2,385 | |
| Taxes | 450/3 | €2,385 | - | -€2,385 | |
| Other amounts payable | 47/48 | €1,388 | €2,486 | +€1,098 | +79.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €32,729 | - | -€32,729 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,740 | €4,103 | +€363 | +9.7% |
| Other operating charges | 640/8 | €487 | €704 | +€216 | +44.4% |
| Gross operating margin | 9900 | €40,255 | €51,065 | +€10,811 | +26.9% |
| Operating profit (loss) | 9901 | €36,028 | €46,259 | +€10,231 | +28.4% |
| Financial income | 75/76B | €1,086 | €646 | -€440 | -40.5% |
| Recurring financial income | 75 | €1,086 | €646 | -€440 | -40.5% |
| Financial charges | 65/66B | €76 | €72 | -€4 | -5.6% |
| Recurring financial charges | 65 | €76 | €72 | -€4 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €37,037 | €46,833 | +€9,796 | +26.4% |
| Income taxes | 67/77 | €11,576 | €13,922 | +€2,346 | +20.3% |
| Profit (loss) for the period | 9904 | €25,461 | €32,911 | +€7,449 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,461 | €32,911 | +€7,449 | +29.3% |
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 9 October 2026 via checked.be.