KINEVELTEM: 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.
KINEVELTEM
Largest movements
- Tangible fixed assets -€41,305
down €41,305 (-8.0%), from €515,690 to €474,385
of which Land and buildings: -€34,592
- Cash +€26,959
up €26,959 (+65.0%), from €41,474 to €68,433
mainly Depreciation (+€43,454) and Net result for the year (+€22,414)
- Debts after one year -€33,085
down €33,085 (-8.8%), from €374,804 to €341,719
- Reserves +€22,414
up €22,414 (+47.9%), from €46,772 to €69,187
- Other debts -€8,402
down €8,402 (-16.7%), from €50,312 to €41,909
- Gross operating margin -€11,236
down €11,236 (-10.4%), from €107,875 to €96,639
- Depreciation -€7,434
down €7,434 (-14.6%), from €50,888 to €43,454
- Taxes -€2,340
down €2,340 (-22.8%), from €10,264 to €7,924
- Financial charges +€1,522
up €1,522 (+8.8%), from €17,263 to €18,785
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 | €560,483 | €547,182 | -€13,301 | -2.4% |
| Fixed assets | 21/28 | €515,690 | €474,385 | -€41,305 | -8.0% |
| Tangible fixed assets | 22/27 | €515,690 | €474,385 | -€41,305 | -8.0% |
| Land and buildings | 22 | €502,411 | €467,819 | -€34,592 | -6.9% |
| Plant, machinery and equipment | 23 | €5,420 | €4,419 | -€1,000 | -18.5% |
| Furniture and vehicles | 24 | €7,207 | €2,147 | -€5,060 | -70.2% |
| Leasing and similar rights | 25 | €653 | €0 | -€653 | -100% |
| Current assets | 29/58 | €44,793 | €72,797 | +€28,004 | +62.5% |
| Amounts receivable within one year | 40/41 | €0 | €2,141 | +€2,141 | |
| Trade receivables | 40 | €0 | €65 | +€65 | |
| Other amounts receivable | 41 | - | €2,076 | +€2,076 | |
| Cash at bank and in hand | 54/58 | €41,474 | €68,433 | +€26,959 | +65.0% |
| Deferred charges and accrued income | 490/1 | €3,319 | €2,224 | -€1,095 | -33.0% |
| Total equity and liabilities | 10/49 | €560,483 | €547,182 | -€13,301 | -2.4% |
| Equity | 10/15 | €65,372 | €87,787 | +€22,414 | +34.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,772 | €69,187 | +€22,414 | +47.9% |
| Distributable reserves | 133 | €46,772 | €69,187 | +€22,414 | +47.9% |
| Amounts payable | 17/49 | €495,111 | €459,395 | -€35,715 | -7.2% |
| Amounts payable after more than one year | 17 | €374,804 | €341,719 | -€33,085 | -8.8% |
| Financial debts | 170/4 | €374,804 | €341,719 | -€33,085 | -8.8% |
| Amounts payable within one year | 42/48 | €99,711 | €92,814 | -€6,897 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €35,624 | €36,461 | +€837 | +2.3% |
| Trade debts | 44 | €1,217 | €2,427 | +€1,210 | +99.4% |
| Suppliers | 440/4 | €1,217 | €2,427 | +€1,210 | +99.4% |
| Taxes, remuneration and social security | 45 | €12,558 | €12,016 | -€542 | -4.3% |
| Taxes | 450/3 | €12,558 | €12,016 | -€542 | -4.3% |
| Other amounts payable | 47/48 | €50,312 | €41,909 | -€8,402 | -16.7% |
| Accrued charges and deferred income | 492/3 | €20,596 | €24,862 | +€4,267 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,888 | €43,454 | -€7,434 | -14.6% |
| Other operating charges | 640/8 | €4,305 | €4,555 | +€250 | +5.8% |
| Gross operating margin | 9900 | €107,875 | €96,639 | -€11,236 | -10.4% |
| Operating profit (loss) | 9901 | €52,682 | €48,631 | -€4,052 | -7.7% |
| Financial income | 75/76B | €502 | €493 | -€9 | -1.7% |
| Recurring financial income | 75 | €502 | €493 | -€9 | -1.7% |
| Financial charges | 65/66B | €17,263 | €18,785 | +€1,522 | +8.8% |
| Recurring financial charges | 65 | €17,263 | €18,785 | +€1,522 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €35,921 | €30,339 | -€5,582 | -15.5% |
| Income taxes | 67/77 | €10,264 | €7,924 | -€2,340 | -22.8% |
| Profit (loss) for the period | 9904 | €25,657 | €22,414 | -€3,242 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,657 | €22,414 | -€3,242 | -12.6% |
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 27 October 2026 via checked.be.