KINOSTEO: 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.
KINOSTEO
Largest movements
- Current investments -€20,000
down €20,000 (-20.0%), from €100,000 to €80,000
- Cash +€8,981
up €8,981 (+29.3%), from €30,673 to €39,653
mainly Current investments (+€20,000) and Depreciation (+€7,160)
- Tangible fixed assets -€7,160
down €7,160 (-22.2%), from €32,260 to €25,100
- Reserves -€13,000
down €13,000 (-19.9%), from €65,360 to €52,360
- Profit (loss) carried forward -€5,440
down €5,440 (-7.1%), from €77,081 to €71,641
- Gross operating margin -€26,836
down €26,836 (-91.9%), from €29,207 to €2,371
- Taxes -€8,406
down €8,406 (-87.3%), from €9,624 to €1,217
- Depreciation +€3,619
up €3,619 (+102%), from €3,541 to €7,160
- Staff costs -€711
down €711 (-100%), from €711 to €0
- Financial income -€587
down €587 (-25.5%), from €2,302 to €1,715
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 | €174,884 | €155,961 | -€18,923 | -10.8% |
| Fixed assets | 21/28 | €32,260 | €25,100 | -€7,160 | -22.2% |
| Tangible fixed assets | 22/27 | €32,260 | €25,100 | -€7,160 | -22.2% |
| Furniture and vehicles | 24 | €32,260 | €25,100 | -€7,160 | -22.2% |
| Current assets | 29/58 | €142,624 | €130,861 | -€11,762 | -8.2% |
| Amounts receivable within one year | 40/41 | €10,291 | €9,953 | -€338 | -3.3% |
| Trade receivables | 40 | €215 | €0 | -€215 | -100% |
| Other amounts receivable | 41 | €10,076 | €9,953 | -€123 | -1.2% |
| Current investments | 50/53 | €100,000 | €80,000 | -€20,000 | -20.0% |
| Cash at bank and in hand | 54/58 | €30,673 | €39,653 | +€8,981 | +29.3% |
| Deferred charges and accrued income | 490/1 | €1,660 | €1,254 | -€406 | -24.4% |
| Total equity and liabilities | 10/49 | €174,884 | €155,961 | -€18,923 | -10.8% |
| Equity | 10/15 | €154,841 | €136,401 | -€18,440 | -11.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €65,360 | €52,360 | -€13,000 | -19.9% |
| Distributable reserves | 133 | €65,360 | €52,360 | -€13,000 | -19.9% |
| Profit (loss) carried forward | 14 | €77,081 | €71,641 | -€5,440 | -7.1% |
| Amounts payable | 17/49 | €20,043 | €19,560 | -€482 | -2.4% |
| Amounts payable within one year | 42/48 | €17,501 | €17,019 | -€482 | -2.8% |
| Trade debts | 44 | €91 | €64 | -€27 | -30.0% |
| Suppliers | 440/4 | €91 | €64 | -€27 | -30.0% |
| Taxes, remuneration and social security | 45 | - | €498 | +€498 | |
| Remuneration and social security | 454/9 | - | €498 | +€498 | |
| Other amounts payable | 47/48 | €17,410 | €16,457 | -€953 | -5.5% |
| Accrued charges and deferred income | 492/3 | €2,542 | €2,542 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €711 | €0 | -€711 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,541 | €7,160 | +€3,619 | +102% |
| Other operating charges | 640/8 | €846 | €922 | +€75 | +8.9% |
| Gross operating margin | 9900 | €29,207 | €2,371 | -€26,836 | -91.9% |
| Operating profit (loss) | 9901 | €24,109 | -€5,711 | -€29,820 | |
| Financial income | 75/76B | €2,302 | €1,715 | -€587 | -25.5% |
| Recurring financial income | 75 | €2,302 | €1,715 | -€587 | -25.5% |
| Financial charges | 65/66B | €113 | €21 | -€92 | -81.3% |
| Recurring financial charges | 65 | €113 | €21 | -€92 | -81.3% |
| Profit (loss) for the period before taxes | 9903 | €26,298 | -€4,017 | -€30,315 | |
| Income taxes | 67/77 | €9,624 | €1,217 | -€8,406 | -87.3% |
| Profit (loss) for the period | 9904 | €16,674 | -€5,235 | -€21,908 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,674 | -€5,235 | -€21,908 |
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 29 October 2026 via checked.be.