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 -€29,689
down €29,689 (-9.2%), from €324,263 to €294,575
mainly Contributions, distributions and other (-€45,033) and Investment in fixed assets (net) (-€23,839)
- Tangible fixed assets -€24,036
down €24,036 (-10.5%), from €229,972 to €205,936
of which Furniture and vehicles: -€33,910
- Receivables within one year +€11,215
up €11,215 (+19.0%), from €59,088 to €70,303
of which Other amounts receivable: +€21,867
- Tax, wage and social debts -€13,927
down €13,927 (-79.9%), from €17,423 to €3,496
of which Taxes: -€13,927
- Debts after one year -€12,618
down €12,618 (-43.3%), from €29,154 to €16,536
- Reserves -€9,101
down €9,101 (-2.5%), from €359,163 to €350,062
of which Distributable reserves: -€9,101
- Gross operating margin -€152,328
down €152,328 (-57.0%), from €267,045 to €114,717
- Taxes -€33,609
down €33,609 (-57.0%), from €58,927 to €25,318
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 | €720,754 | €676,887 | -€43,867 | -6.1% |
| Fixed assets | 21/28 | €229,972 | €205,936 | -€24,036 | -10.5% |
| Tangible fixed assets | 22/27 | €229,972 | €205,936 | -€24,036 | -10.5% |
| Land and buildings | 22 | €11,503 | €9,966 | -€1,537 | -13.4% |
| Plant, machinery and equipment | 23 | €31,487 | €44,353 | +€12,866 | +40.9% |
| Furniture and vehicles | 24 | €179,187 | €145,278 | -€33,910 | -18.9% |
| Other tangible fixed assets | 26 | €7,795 | €6,340 | -€1,455 | -18.7% |
| Current assets | 29/58 | €490,782 | €470,951 | -€19,831 | -4.0% |
| Amounts receivable within one year | 40/41 | €59,088 | €70,303 | +€11,215 | +19.0% |
| Trade receivables | 40 | €39,261 | €28,609 | -€10,652 | -27.1% |
| Other amounts receivable | 41 | €19,828 | €41,695 | +€21,867 | +110.3% |
| Cash at bank and in hand | 54/58 | €324,263 | €294,575 | -€29,689 | -9.2% |
| Deferred charges and accrued income | 490/1 | €107,431 | €106,073 | -€1,357 | -1.3% |
| Total equity and liabilities | 10/49 | €720,754 | €676,887 | -€43,867 | -6.1% |
| Equity | 10/15 | €539,563 | €530,462 | -€9,101 | -1.7% |
| Contributions | 10/11 | €180,400 | €180,400 | = | 0.0% |
| Reserves | 13 | €359,163 | €350,062 | -€9,101 | -2.5% |
| Tax-exempt reserves | 132 | €138 | €138 | = | 0.0% |
| Distributable reserves | 133 | €359,025 | €349,924 | -€9,101 | -2.5% |
| Amounts payable | 17/49 | €181,191 | €146,425 | -€34,766 | -19.2% |
| Amounts payable after more than one year | 17 | €29,154 | €16,536 | -€12,618 | -43.3% |
| Financial debts | 170/4 | €29,154 | €16,536 | -€12,618 | -43.3% |
| Amounts payable within one year | 42/48 | €67,845 | €50,268 | -€17,577 | -25.9% |
| Current portion of amounts payable after more than one year | 42 | €37,338 | €35,118 | -€2,220 | -5.9% |
| Trade debts | 44 | €13,085 | €11,654 | -€1,431 | -10.9% |
| Suppliers | 440/4 | €13,085 | €11,654 | -€1,431 | -10.9% |
| Taxes, remuneration and social security | 45 | €17,423 | €3,496 | -€13,927 | -79.9% |
| Taxes | 450/3 | €13,927 | - | -€13,927 | |
| Remuneration and social security | 454/9 | €3,496 | €3,496 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €84,191 | €79,621 | -€4,571 | -5.4% |
| Non-recurring operating income | 76A | €93,291 | - | -€93,291 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,533 | €47,876 | -€2,657 | -5.3% |
| Other operating charges | 640/8 | €2,663 | €2,209 | -€454 | -17.0% |
| Gross operating margin | 9900 | €267,045 | €114,717 | -€152,328 | -57.0% |
| Operating profit (loss) | 9901 | €213,850 | €64,633 | -€149,217 | -69.8% |
| Financial income | 75/76B | €58 | €45 | -€13 | -22.8% |
| Recurring financial income | 75 | €58 | €45 | -€13 | -22.8% |
| Financial charges | 65/66B | €3,688 | €3,427 | -€260 | -7.1% |
| Recurring financial charges | 65 | €3,688 | €3,427 | -€260 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €210,221 | €61,251 | -€148,970 | -70.9% |
| Income taxes | 67/77 | €58,927 | €25,318 | -€33,609 | -57.0% |
| Profit (loss) for the period | 9904 | €151,294 | €35,932 | -€115,362 | -76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €151,294 | €35,932 | -€115,362 | -76.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.