KINOE: 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.
KINOE
Largest movements
- Stocks and contracts +€39,815
up €39,815 (+10.6%), from €377,205 to €417,021
- Reserves +€61,042
new in 2025: €61,042
- Other debts -€40,920
down €40,920 (-80.4%), from €50,920 to €10,000
- Tax, wage and social debts +€18,516
up €18,516 (+122.5%), from €15,116 to €33,632
of which Remuneration and social security: +€10,327
- Trade debts +€8,516
up €8,516 (+103.0%), from €8,268 to €16,784
- Current portion of long-term debt -€8,275
down €8,275 (-67.4%), from €12,275 to €4,000
- Gross operating margin +€27,129
up €27,129 (+16.0%), from €169,324 to €196,452
- Staff costs +€24,853
up €24,853 (+29.9%), from €83,031 to €107,883
- Depreciation -€21,656
down €21,656 (-93.7%), from €23,103 to €1,446
- Taxes +€11,812
up €11,812 (+98.4%), from €12,000 to €23,812
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 | €421,798 | €460,677 | +€38,880 | +9.2% |
| Fixed assets | 21/28 | €5,447 | €5,295 | -€151 | -2.8% |
| Tangible fixed assets | 22/27 | €2,447 | €2,295 | -€151 | -6.2% |
| Land and buildings | 22 | €766 | €1,084 | +€318 | +41.5% |
| Plant, machinery and equipment | 23 | €1,681 | €1,211 | -€469 | -27.9% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €416,351 | €455,382 | +€39,031 | +9.4% |
| Stocks and contracts in progress | 3 | €377,205 | €417,021 | +€39,815 | +10.6% |
| Stocks | 30/36 | €377,205 | €417,021 | +€39,815 | +10.6% |
| Amounts receivable within one year | 40/41 | €4,427 | €2,780 | -€1,647 | -37.2% |
| Trade receivables | 40 | €3,759 | €2,401 | -€1,358 | -36.1% |
| Other amounts receivable | 41 | €668 | €379 | -€289 | -43.2% |
| Cash at bank and in hand | 54/58 | €32,442 | €30,565 | -€1,877 | -5.8% |
| Deferred charges and accrued income | 490/1 | €2,276 | €5,016 | +€2,739 | +120.3% |
| Total equity and liabilities | 10/49 | €421,798 | €460,677 | +€38,880 | +9.2% |
| Equity | 10/15 | €335,220 | €396,262 | +€61,042 | +18.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €61,042 | +€61,042 | |
| Distributable reserves | 133 | - | €61,042 | +€61,042 | |
| Profit (loss) carried forward | 14 | €330,220 | €330,220 | = | 0.0% |
| Amounts payable | 17/49 | €86,578 | €64,416 | -€22,162 | -25.6% |
| Amounts payable within one year | 42/48 | €86,578 | €64,416 | -€22,162 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €12,275 | €4,000 | -€8,275 | -67.4% |
| Trade debts | 44 | €8,268 | €16,784 | +€8,516 | +103.0% |
| Suppliers | 440/4 | €8,268 | €16,784 | +€8,516 | +103.0% |
| Taxes, remuneration and social security | 45 | €15,116 | €33,632 | +€18,516 | +122.5% |
| Taxes | 450/3 | €6,769 | €14,957 | +€8,189 | +121.0% |
| Remuneration and social security | 454/9 | €8,347 | €18,674 | +€10,327 | +123.7% |
| Other amounts payable | 47/48 | €50,920 | €10,000 | -€40,920 | -80.4% |
| Remuneration, social security and pensions | 62 | €83,031 | €107,883 | +€24,853 | +29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,103 | €1,446 | -€21,656 | -93.7% |
| Other operating charges | 640/8 | €2,939 | €2,679 | -€260 | -8.9% |
| Gross operating margin | 9900 | €169,324 | €196,452 | +€27,129 | +16.0% |
| Operating profit (loss) | 9901 | €60,251 | €84,444 | +€24,192 | +40.2% |
| Financial income | 75/76B | €5,792 | €4,740 | -€1,052 | -18.2% |
| Recurring financial income | 75 | €5,792 | €4,740 | -€1,052 | -18.2% |
| Financial charges | 65/66B | €3,442 | €4,330 | +€888 | +25.8% |
| Recurring financial charges | 65 | €3,442 | €4,330 | +€888 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | €62,602 | €84,854 | +€22,252 | +35.5% |
| Income taxes | 67/77 | €12,000 | €23,812 | +€11,812 | +98.4% |
| Profit (loss) for the period | 9904 | €50,602 | €61,042 | +€10,440 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,602 | €61,042 | +€10,440 | +20.6% |
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 1 October 2026 via checked.be.