KINEZON: 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.
KINEZON
Largest movements
- Cash +€18,903
up €18,903 (+166.1%), from €11,382 to €30,285
mainly Net result for the year (+€28,218) and Depreciation (+€13,945)
- Deferred charges and accrued income +€1,639
new in 2025: €1,639
- Reserves +€28,218
up €28,218 (+75.2%), from €37,526 to €65,744
- Debts after one year -€10,430
down €10,430 (-34.4%), from €30,342 to €19,912
- Tax, wage and social debts +€2,459
up €2,459 (+29.7%), from €8,279 to €10,738
of which Taxes: +€2,459
- Trade debts -€1,271
down €1,271 (-79.8%), from €1,592 to €321
- Gross operating margin -€12,192
down €12,192 (-18.4%), from €66,252 to €54,060
- Taxes -€2,500
down €2,500 (-24.3%), from €10,304 to €7,804
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 | €90,730 | €111,509 | +€20,779 | +22.9% |
| Fixed assets | 21/28 | €51,798 | €52,646 | +€848 | +1.6% |
| Tangible fixed assets | 22/27 | €51,798 | €52,646 | +€848 | +1.6% |
| Land and buildings | 22 | - | €9,210 | +€9,210 | |
| Plant, machinery and equipment | 23 | €8,112 | €11,261 | +€3,149 | +38.8% |
| Furniture and vehicles | 24 | €43,686 | €32,175 | -€11,511 | -26.3% |
| Current assets | 29/58 | €38,932 | €58,864 | +€19,931 | +51.2% |
| Amounts receivable within one year | 40/41 | €27,550 | €26,940 | -€610 | -2.2% |
| Trade receivables | 40 | €27,550 | €26,940 | -€610 | -2.2% |
| Cash at bank and in hand | 54/58 | €11,382 | €30,285 | +€18,903 | +166.1% |
| Deferred charges and accrued income | 490/1 | - | €1,639 | +€1,639 | |
| Total equity and liabilities | 10/49 | €90,730 | €111,509 | +€20,779 | +22.9% |
| Equity | 10/15 | €40,526 | €68,744 | +€28,218 | +69.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €37,526 | €65,744 | +€28,218 | +75.2% |
| Distributable reserves | 133 | €37,526 | €65,744 | +€28,218 | +75.2% |
| Amounts payable | 17/49 | €50,204 | €42,766 | -€7,438 | -14.8% |
| Amounts payable after more than one year | 17 | €30,342 | €19,912 | -€10,430 | -34.4% |
| Financial debts | 170/4 | €30,342 | €19,912 | -€10,430 | -34.4% |
| Amounts payable within one year | 42/48 | €19,862 | €22,453 | +€2,591 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €9,991 | €10,430 | +€439 | +4.4% |
| Trade debts | 44 | €1,592 | €321 | -€1,271 | -79.8% |
| Suppliers | 440/4 | €1,592 | €321 | -€1,271 | -79.8% |
| Taxes, remuneration and social security | 45 | €8,279 | €10,738 | +€2,459 | +29.7% |
| Taxes | 450/3 | €6,779 | €9,238 | +€2,459 | +36.3% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | - | €965 | +€965 | |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,362 | €13,945 | +€583 | +4.4% |
| Other operating charges | 640/8 | €2,705 | €2,315 | -€390 | -14.4% |
| Non-recurring operating charges | 66A | €135 | - | -€135 | |
| Gross operating margin | 9900 | €66,252 | €54,060 | -€12,192 | -18.4% |
| Operating profit (loss) | 9901 | €50,049 | €37,799 | -€12,249 | -24.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +140.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +140.0% |
| Financial charges | 65/66B | €2,219 | €1,778 | -€441 | -19.9% |
| Recurring financial charges | 65 | €2,219 | €1,778 | -€441 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €47,830 | €36,021 | -€11,809 | -24.7% |
| Income taxes | 67/77 | €10,304 | €7,804 | -€2,500 | -24.3% |
| Profit (loss) for the period | 9904 | €37,526 | €28,218 | -€9,309 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,526 | €28,218 | -€9,309 | -24.8% |
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 2 October 2026 via checked.be.