KINEYO: 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.
KINEYO
Largest movements
- Cash +€25,480
up €25,480 (+50.4%), from €50,507 to €75,987
mainly Net result for the year (+€23,860) and Trade debts (+€17,988)
- Current investments +€20,018
new in 2025: €20,018
- Deferred charges and accrued income -€5,683
down €5,683 (-90.0%), from €6,317 to €635
- Tangible fixed assets -€2,502
down €2,502 (-17.4%), from €14,413 to €11,911
of which Furniture and vehicles: -€1,743
- Reserves +€23,860
up €23,860 (+42.2%), from €56,580 to €80,440
- Trade debts +€17,988
up €17,988 (+2754.0%), from €653 to €18,641
- Tax, wage and social debts -€5,419
down €5,419 (-43.8%), from €12,358 to €6,940
of which Taxes: -€3,119
- Gross operating margin -€17,543
down €17,543 (-33.2%), from €52,884 to €35,340
- Taxes -€3,119
down €3,119 (-31.0%), from €10,058 to €6,940
- Depreciation +€1,443
up €1,443 (+66.8%), from €2,159 to €3,602
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 | €71,237 | €108,551 | +€37,313 | +52.4% |
| Fixed assets | 21/28 | €14,413 | €11,911 | -€2,502 | -17.4% |
| Tangible fixed assets | 22/27 | €14,413 | €11,911 | -€2,502 | -17.4% |
| Plant, machinery and equipment | 23 | €6,496 | €5,737 | -€758 | -11.7% |
| Furniture and vehicles | 24 | €7,917 | €6,174 | -€1,743 | -22.0% |
| Current assets | 29/58 | €56,825 | €96,640 | +€39,815 | +70.1% |
| Current investments | 50/53 | - | €20,018 | +€20,018 | |
| Cash at bank and in hand | 54/58 | €50,507 | €75,987 | +€25,480 | +50.4% |
| Deferred charges and accrued income | 490/1 | €6,317 | €635 | -€5,683 | -90.0% |
| Total equity and liabilities | 10/49 | €71,237 | €108,551 | +€37,313 | +52.4% |
| Equity | 10/15 | €58,080 | €81,940 | +€23,860 | +41.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €56,580 | €80,440 | +€23,860 | +42.2% |
| Distributable reserves | 133 | €56,580 | €80,440 | +€23,860 | +42.2% |
| Amounts payable | 17/49 | €13,157 | €26,611 | +€13,454 | +102.3% |
| Amounts payable within one year | 42/48 | €13,157 | €26,611 | +€13,454 | +102.3% |
| Trade debts | 44 | €653 | €18,641 | +€17,988 | +2754.0% |
| Suppliers | 440/4 | €653 | €18,641 | +€17,988 | +2754.0% |
| Taxes, remuneration and social security | 45 | €12,358 | €6,940 | -€5,419 | -43.8% |
| Taxes | 450/3 | €10,058 | €6,940 | -€3,119 | -31.0% |
| Remuneration and social security | 454/9 | €2,300 | €0 | -€2,300 | -100.0% |
| Other amounts payable | 47/48 | €146 | €1,030 | +€884 | +605.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,159 | €3,602 | +€1,443 | +66.8% |
| Other operating charges | 640/8 | €1,009 | €835 | -€174 | -17.3% |
| Gross operating margin | 9900 | €52,884 | €35,340 | -€17,543 | -33.2% |
| Operating profit (loss) | 9901 | €49,715 | €30,904 | -€18,812 | -37.8% |
| Financial income | 75/76B | €0 | €1 | +€1 | +2325.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +2325.0% |
| Financial charges | 65/66B | €146 | €105 | -€41 | -28.1% |
| Recurring financial charges | 65 | €146 | €105 | -€41 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €49,569 | €30,799 | -€18,770 | -37.9% |
| Income taxes | 67/77 | €10,058 | €6,940 | -€3,119 | -31.0% |
| Profit (loss) for the period | 9904 | €39,511 | €23,860 | -€15,651 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,511 | €23,860 | -€15,651 | -39.6% |
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 12 October 2026 via checked.be.