KINEZI: 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.
KINEZI
Largest movements
- Tangible fixed assets -€3,900
down €3,900 (-1.5%), from €264,534 to €260,634
of which Land and buildings: -€6,800
- Other debts +€20,903
up €20,903 (+42.1%), from €49,652 to €70,554
- Debts after one year -€18,064
down €18,064 (-7.0%), from €258,332 to €240,268
- Profit (loss) carried forward -€6,705
down €6,705 (-12.5%), from -€53,849 to -€60,554
- Gross operating margin +€9,260
up €9,260 (+92.8%), from €9,981 to €19,241
- Other operating charges +€464
up €464 (+22.6%), from €2,050 to €2,513
- Depreciation +€219
up €219 (+2.8%), from €7,908 to €8,127
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 | €277,682 | €275,539 | -€2,143 | -0.8% |
| Formation expenses | 20 | €569 | €227 | -€342 | -60.1% |
| Fixed assets | 21/28 | €264,534 | €262,034 | -€2,500 | -0.9% |
| Tangible fixed assets | 22/27 | €264,534 | €260,634 | -€3,900 | -1.5% |
| Land and buildings | 22 | €263,281 | €256,481 | -€6,800 | -2.6% |
| Plant, machinery and equipment | 23 | €1,253 | €487 | -€766 | -61.1% |
| Furniture and vehicles | 24 | - | €3,666 | +€3,666 | |
| Financial fixed assets | 28 | - | €1,400 | +€1,400 | |
| Current assets | 29/58 | €12,580 | €13,278 | +€699 | +5.6% |
| Amounts receivable within one year | 40/41 | €897 | €810 | -€87 | -9.7% |
| Trade receivables | 40 | €897 | €281 | -€616 | -68.7% |
| Other amounts receivable | 41 | - | €529 | +€529 | |
| Cash at bank and in hand | 54/58 | €11,683 | €12,295 | +€612 | +5.2% |
| Deferred charges and accrued income | 490/1 | - | €174 | +€174 | |
| Total equity and liabilities | 10/49 | €277,682 | €275,539 | -€2,143 | -0.8% |
| Equity | 10/15 | -€48,849 | -€55,554 | -€6,705 | -13.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,849 | -€60,554 | -€6,705 | -12.5% |
| Amounts payable | 17/49 | €326,531 | €331,093 | +€4,562 | +1.4% |
| Amounts payable after more than one year | 17 | €258,332 | €240,268 | -€18,064 | -7.0% |
| Financial debts | 170/4 | €258,332 | €240,268 | -€18,064 | -7.0% |
| Amounts payable within one year | 42/48 | €68,199 | €90,775 | +€22,576 | +33.1% |
| Current portion of amounts payable after more than one year | 42 | €17,231 | €18,064 | +€833 | +4.8% |
| Trade debts | 44 | €1,088 | €1,956 | +€868 | +79.8% |
| Suppliers | 440/4 | €1,088 | €1,956 | +€868 | +79.8% |
| Taxes, remuneration and social security | 45 | €228 | €201 | -€27 | -11.9% |
| Taxes | 450/3 | €228 | €128 | -€100 | -43.9% |
| Remuneration and social security | 454/9 | - | €73 | +€73 | |
| Other amounts payable | 47/48 | €49,652 | €70,554 | +€20,903 | +42.1% |
| Accrued charges and deferred income | 492/3 | - | €50 | +€50 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,908 | €8,127 | +€219 | +2.8% |
| Other operating charges | 640/8 | €2,050 | €2,513 | +€464 | +22.6% |
| Gross operating margin | 9900 | €9,981 | €19,241 | +€9,260 | +92.8% |
| Operating profit (loss) | 9901 | €23 | €8,600 | +€8,577 | +36904.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €15,038 | €15,084 | +€46 | +0.3% |
| Recurring financial charges | 65 | €15,038 | €15,084 | +€46 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,015 | -€6,484 | +€8,531 | +56.8% |
| Income taxes | 67/77 | €128 | €221 | +€93 | +72.7% |
| Profit (loss) for the period | 9904 | -€15,143 | -€6,705 | +€8,438 | +55.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,143 | -€6,705 | +€8,438 | +55.7% |
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 9 October 2026 via checked.be.