KINEZOKRI: 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.
KINEZOKRI
Largest movements
- Tangible fixed assets -€4,719
down €4,719 (-14.2%), from €33,180 to €28,461
of which Land and buildings: -€3,166
- Cash +€4,719
up €4,719 (+12.1%), from €39,116 to €43,835
mainly Depreciation (+€22,906) and Net result for the year (+€9,889)
- Receivables within one year +€3,483
up €3,483 (+1,338%), from €260 to €3,743
of which Other amounts receivable: +€3,673
- Reserves +€9,889
up €9,889 (+19.7%), from €50,222 to €60,111
of which Distributable reserves: +€9,889
- Debts after one year -€3,469
down €3,469 (-62.7%), from €5,535 to €2,066
- Other debts -€2,523
down €2,523 (-100%), from €2,523 to €0
- Tax, wage and social debts +€2,132
up €2,132 (+87.7%), from €2,431 to €4,563
- Current portion of long-term debt -€1,696
down €1,696 (-32.8%), from €5,165 to €3,469
- Gross operating margin +€34,290
up €34,290 (+340%), from €10,084 to €44,374
- Depreciation +€18,539
up €18,539 (+425%), from €4,366 to €22,906
- Taxes +€5,638
up €5,638 (+141%), from €3,995 to €9,633
- Financial charges -€714
down €714 (-45.3%), from €1,576 to €862
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 | €74,749 | €78,994 | +€4,244 | +5.7% |
| Fixed assets | 21/28 | €33,180 | €28,461 | -€4,719 | -14.2% |
| Tangible fixed assets | 22/27 | €33,180 | €28,461 | -€4,719 | -14.2% |
| Land and buildings | 22 | €29,711 | €26,545 | -€3,166 | -10.7% |
| Furniture and vehicles | 24 | €3,470 | €1,916 | -€1,553 | -44.8% |
| Current assets | 29/58 | €41,569 | €50,532 | +€8,963 | +21.6% |
| Amounts receivable within one year | 40/41 | €260 | €3,743 | +€3,483 | +1,338% |
| Trade receivables | 40 | €190 | €0 | -€190 | -100% |
| Other amounts receivable | 41 | €70 | €3,743 | +€3,673 | +5,231% |
| Cash at bank and in hand | 54/58 | €39,116 | €43,835 | +€4,719 | +12.1% |
| Deferred charges and accrued income | 490/1 | €2,193 | €2,954 | +€762 | +34.7% |
| Total equity and liabilities | 10/49 | €74,749 | €78,994 | +€4,244 | +5.7% |
| Equity | 10/15 | €55,725 | €65,614 | +€9,889 | +17.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €50,222 | €60,111 | +€9,889 | +19.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,278 | €5,278 | = | 0.0% |
| Distributable reserves | 133 | €43,084 | €52,973 | +€9,889 | +23.0% |
| Profit (loss) carried forward | 14 | -€697 | -€697 | = | 0.0% |
| Amounts payable | 17/49 | €19,025 | €13,380 | -€5,645 | -29.7% |
| Amounts payable after more than one year | 17 | €5,535 | €2,066 | -€3,469 | -62.7% |
| Financial debts | 170/4 | €5,535 | €2,066 | -€3,469 | -62.7% |
| Amounts payable within one year | 42/48 | €13,490 | €11,314 | -€2,176 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €5,165 | €3,469 | -€1,696 | -32.8% |
| Trade debts | 44 | €3,371 | €3,281 | -€89 | -2.7% |
| Suppliers | 440/4 | €3,371 | €3,281 | -€89 | -2.7% |
| Taxes, remuneration and social security | 45 | €2,431 | €4,563 | +€2,132 | +87.7% |
| Taxes | 450/3 | €2,431 | €4,563 | +€2,132 | +87.7% |
| Other amounts payable | 47/48 | €2,523 | €0 | -€2,523 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,366 | €22,906 | +€18,539 | +425% |
| Other operating charges | 640/8 | €1,079 | €1,347 | +€268 | +24.9% |
| Gross operating margin | 9900 | €10,084 | €44,374 | +€34,290 | +340% |
| Operating profit (loss) | 9901 | €4,640 | €20,122 | +€15,483 | +334% |
| Financial income | 75/76B | €234 | €261 | +€27 | +11.7% |
| Recurring financial income | 75 | €234 | €261 | +€27 | +11.7% |
| Financial charges | 65/66B | €1,576 | €862 | -€714 | -45.3% |
| Recurring financial charges | 65 | €1,576 | €862 | -€714 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | €3,298 | €19,522 | +€16,224 | +492% |
| Income taxes | 67/77 | €3,995 | €9,633 | +€5,638 | +141% |
| Profit (loss) for the period | 9904 | -€697 | €9,889 | +€10,586 | |
| Profit (loss) for the period to be appropriated | 9905 | -€697 | €9,889 | +€10,586 |
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 18 October 2026 via checked.be.