Kinevolve: 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.
Kinevolve
Largest movements
- Tangible fixed assets -€20,343
down €20,343 (-6.4%), from €315,685 to €295,342
of which Land and buildings: -€14,868
- Cash +€12,482
up €12,482 (+118.9%), from €10,496 to €22,979
mainly Net result for the year (+€21,105) and Depreciation (+€20,343)
- Reserves +€21,105
up €21,105 (+77.6%), from €27,180 to €48,284
- Debts after one year -€16,371
down €16,371 (-6.6%), from €249,658 to €233,286
- Other debts -€11,668
down €11,668 (-94.1%), from €12,396 to €728
- Accrued charges and deferred income +€4,990
up €4,990 (+1084.8%), from €460 to €5,450
- Trade debts -€3,365
down €3,365 (-70.0%), from €4,807 to €1,442
- Gross operating margin +€25,549
up €25,549 (+95.0%), from €26,901 to €52,451
- Taxes +€5,395
up €5,395 (+1136.6%), from €475 to €5,870
- Depreciation +€947
up €947 (+4.9%), from €19,396 to €20,343
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 | €326,181 | €319,063 | -€7,118 | -2.2% |
| Fixed assets | 21/28 | €315,685 | €295,342 | -€20,343 | -6.4% |
| Tangible fixed assets | 22/27 | €315,685 | €295,342 | -€20,343 | -6.4% |
| Land and buildings | 22 | €297,271 | €282,402 | -€14,868 | -5.0% |
| Plant, machinery and equipment | 23 | €17,616 | €12,244 | -€5,372 | -30.5% |
| Furniture and vehicles | 24 | €799 | €696 | -€103 | -12.8% |
| Current assets | 29/58 | €10,496 | €23,721 | +€13,225 | +126.0% |
| Amounts receivable within one year | 40/41 | - | €130 | +€130 | |
| Other amounts receivable | 41 | - | €130 | +€130 | |
| Cash at bank and in hand | 54/58 | €10,496 | €22,979 | +€12,482 | +118.9% |
| Deferred charges and accrued income | 490/1 | - | €612 | +€612 | |
| Total equity and liabilities | 10/49 | €326,181 | €319,063 | -€7,118 | -2.2% |
| Equity | 10/15 | €37,180 | €58,284 | +€21,105 | +56.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €27,180 | €48,284 | +€21,105 | +77.6% |
| Distributable reserves | 133 | €27,180 | €48,284 | +€21,105 | +77.6% |
| Amounts payable | 17/49 | €289,002 | €260,779 | -€28,223 | -9.8% |
| Amounts payable after more than one year | 17 | €249,658 | €233,286 | -€16,371 | -6.6% |
| Financial debts | 170/4 | €249,658 | €233,286 | -€16,371 | -6.6% |
| Amounts payable within one year | 42/48 | €38,884 | €22,043 | -€16,842 | -43.3% |
| Current portion of amounts payable after more than one year | 42 | €17,053 | €17,398 | +€345 | +2.0% |
| Trade debts | 44 | €4,807 | €1,442 | -€3,365 | -70.0% |
| Suppliers | 440/4 | €4,807 | €1,442 | -€3,365 | -70.0% |
| Taxes, remuneration and social security | 45 | €4,628 | €2,475 | -€2,154 | -46.5% |
| Taxes | 450/3 | €2,828 | €2,475 | -€354 | -12.5% |
| Remuneration and social security | 454/9 | €1,800 | - | -€1,800 | |
| Other amounts payable | 47/48 | €12,396 | €728 | -€11,668 | -94.1% |
| Accrued charges and deferred income | 492/3 | €460 | €5,450 | +€4,990 | +1084.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,396 | €20,343 | +€947 | +4.9% |
| Other operating charges | 640/8 | €1,210 | €1,342 | +€132 | +10.9% |
| Gross operating margin | 9900 | €26,901 | €52,451 | +€25,549 | +95.0% |
| Operating profit (loss) | 9901 | €6,296 | €30,766 | +€24,470 | +388.7% |
| Financial income | 75/76B | €1,810 | €1,887 | +€77 | +4.3% |
| Recurring financial income | 75 | €1,810 | €1,887 | +€77 | +4.3% |
| Financial charges | 65/66B | €6,012 | €5,678 | -€334 | -5.6% |
| Recurring financial charges | 65 | €6,012 | €5,678 | -€334 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €2,094 | €26,975 | +€24,881 | +1188.5% |
| Income taxes | 67/77 | €475 | €5,870 | +€5,395 | +1136.6% |
| Profit (loss) for the period | 9904 | €1,619 | €21,105 | +€19,486 | +1203.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,619 | €21,105 | +€19,486 | +1203.7% |
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 3 October 2026 via checked.be.