KIVINE: 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.
KIVINE
Largest movements
- Tangible fixed assets +€842
up €842 (+10.4%), from €8,135 to €8,977
of which Plant, machinery and equipment: +€2,300
- Cash +€779
up €779 (+1.9%), from €40,632 to €41,411
mainly Net result for the year (+€1,654) and Depreciation (+€1,458)
- Profit (loss) carried forward +€1,654
up €1,654 (+4.0%), from -€40,879 to -€39,225
- Gross operating margin -€166
down €166 (-4.8%), from €3,431 to €3,265
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 | €48,767 | €50,388 | +€1,621 | +3.3% |
| Fixed assets | 21/28 | €8,135 | €8,977 | +€842 | +10.4% |
| Tangible fixed assets | 22/27 | €8,135 | €8,977 | +€842 | +10.4% |
| Plant, machinery and equipment | 23 | - | €2,300 | +€2,300 | |
| Other tangible fixed assets | 26 | €8,135 | €6,677 | -€1,458 | -17.9% |
| Current assets | 29/58 | €40,632 | €41,411 | +€779 | +1.9% |
| Cash at bank and in hand | 54/58 | €40,632 | €41,411 | +€779 | +1.9% |
| Total equity and liabilities | 10/49 | €48,767 | €50,388 | +€1,621 | +3.3% |
| Equity | 10/15 | €45,286 | €46,940 | +€1,654 | +3.7% |
| Contributions | 10/11 | €86,165 | €86,165 | = | 0.0% |
| Contributions outside capital | 11 | €86,165 | €86,165 | = | 0.0% |
| Other | 1109/19 | €86,165 | €86,165 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,879 | -€39,225 | +€1,654 | +4.0% |
| Amounts payable | 17/49 | €3,481 | €3,448 | -€33 | -1.0% |
| Amounts payable within one year | 42/48 | €3,481 | €3,448 | -€33 | -1.0% |
| Trade debts | 44 | €1,421 | €1,325 | -€96 | -6.7% |
| Suppliers | 440/4 | €1,421 | €1,325 | -€96 | -6.7% |
| Other amounts payable | 47/48 | €2,060 | €2,123 | +€62 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,458 | €1,458 | = | 0.0% |
| Gross operating margin | 9900 | €3,431 | €3,265 | -€166 | -4.8% |
| Operating profit (loss) | 9901 | €1,973 | €1,807 | -€166 | -8.4% |
| Financial charges | 65/66B | €146 | €153 | +€7 | +4.8% |
| Recurring financial charges | 65 | €146 | €153 | +€7 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €1,827 | €1,654 | -€173 | -9.5% |
| Profit (loss) for the period | 9904 | €1,827 | €1,654 | -€173 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,827 | €1,654 | -€173 | -9.5% |
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 13 October 2026 via checked.be.