KINEVER: 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.
KINEVER
Largest movements
- Cash -€42,598
down €42,598 (-68.3%), from €62,349 to €19,751
mainly Contributions, distributions and other (-€55,714) and Other debts (-€47,501)
- Receivables within one year -€16,228
down €16,228 (-11.7%), from €138,704 to €122,476
- Other debts -€47,501
down €47,501 (-44.9%), from €105,731 to €58,230
- Profit (loss) carried forward -€10,556
down €10,556 (-60.0%), from €17,583 to €7,026
- Tax, wage and social debts -€3,924
down €3,924 (-6.2%), from €63,649 to €59,725
- Gross operating margin -€34,653
down €34,653 (-35.0%), from €99,041 to €64,388
- Taxes -€9,873
down €9,873 (-37.2%), from €26,561 to €16,688
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 | €207,414 | €146,720 | -€60,694 | -29.3% |
| Fixed assets | 21/28 | €6,362 | €4,493 | -€1,868 | -29.4% |
| Intangible fixed assets | 21 | €5,654 | €4,158 | -€1,496 | -26.5% |
| Tangible fixed assets | 22/27 | €707 | €335 | -€372 | -52.6% |
| Furniture and vehicles | 24 | €707 | €335 | -€372 | -52.6% |
| Current assets | 29/58 | €201,052 | €142,227 | -€58,825 | -29.3% |
| Amounts receivable within one year | 40/41 | €138,704 | €122,476 | -€16,228 | -11.7% |
| Other amounts receivable | 41 | €138,704 | €122,476 | -€16,228 | -11.7% |
| Cash at bank and in hand | 54/58 | €62,349 | €19,751 | -€42,598 | -68.3% |
| Total equity and liabilities | 10/49 | €207,414 | €146,720 | -€60,694 | -29.3% |
| Equity | 10/15 | €38,034 | €27,478 | -€10,556 | -27.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,583 | €7,026 | -€10,556 | -60.0% |
| Amounts payable | 17/49 | €169,380 | €119,242 | -€50,138 | -29.6% |
| Amounts payable within one year | 42/48 | €169,380 | €119,242 | -€50,138 | -29.6% |
| Trade debts | 44 | - | €1,287 | +€1,287 | |
| Suppliers | 440/4 | - | €1,287 | +€1,287 | |
| Taxes, remuneration and social security | 45 | €63,649 | €59,725 | -€3,924 | -6.2% |
| Taxes | 450/3 | €63,649 | €59,725 | -€3,924 | -6.2% |
| Other amounts payable | 47/48 | €105,731 | €58,230 | -€47,501 | -44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,413 | €1,868 | -€544 | -22.6% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €99,041 | €64,388 | -€34,653 | -35.0% |
| Operating profit (loss) | 9901 | €96,122 | €61,999 | -€34,123 | -35.5% |
| Financial charges | 65/66B | €152 | €153 | +€2 | +1.0% |
| Recurring financial charges | 65 | €152 | €153 | +€2 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €95,971 | €61,846 | -€34,124 | -35.6% |
| Income taxes | 67/77 | €26,561 | €16,688 | -€9,873 | -37.2% |
| Profit (loss) for the period | 9904 | €69,409 | €45,158 | -€24,251 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €69,409 | €45,158 | -€24,251 | -34.9% |
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 13 October 2026 via checked.be.