KONEIN: 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.
KONEIN
Largest movements
- Current investments +€240,926
up €240,926 (+29.8%), from €807,909 to €1.0m
- Cash +€47,786
up €47,786 (+27.1%), from €176,459 to €224,244
mainly Net result for the year (+€394,721) and Other debts (+€268,763)
- Tangible fixed assets -€35,605
down €35,605 (-2.9%), from €1.2m to €1.2m
of which Land and buildings: -€33,686
- Other debts +€268,763
up €268,763 (+51.7%), from €520,298 to €789,062
- Reserves -€40,543
down €40,543 (-4.4%), from €912,576 to €872,033
of which Distributable reserves: -€40,543
- Tax, wage and social debts +€34,317
up €34,317 (+95.7%), from €35,870 to €70,187
of which Taxes: +€28,553
- Financial income +€109,174
up €109,174 (+35.1%), from €311,211 to €420,385
- Financial charges +€30,616
up €30,616 (+28.5%), from €107,353 to €137,969
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 | €2,668,162 | €2,918,666 | +€250,504 | +9.4% |
| Fixed assets | 21/28 | €1,648,432 | €1,612,828 | -€35,605 | -2.2% |
| Tangible fixed assets | 22/27 | €1,246,206 | €1,210,602 | -€35,605 | -2.9% |
| Land and buildings | 22 | €1,240,685 | €1,207,000 | -€33,686 | -2.7% |
| Furniture and vehicles | 24 | €5,521 | €3,602 | -€1,919 | -34.8% |
| Financial fixed assets | 28 | €402,226 | €402,226 | = | 0.0% |
| Current assets | 29/58 | €1,019,729 | €1,305,838 | +€286,109 | +28.1% |
| Amounts receivable within one year | 40/41 | €25,200 | €25,199 | -€1 | 0.0% |
| Trade receivables | 40 | €24,200 | €25,199 | +€999 | +4.1% |
| Other amounts receivable | 41 | €1,000 | €0 | -€1,000 | -100.0% |
| Current investments | 50/53 | €807,909 | €1,048,835 | +€240,926 | +29.8% |
| Cash at bank and in hand | 54/58 | €176,459 | €224,244 | +€47,786 | +27.1% |
| Deferred charges and accrued income | 490/1 | €10,162 | €7,560 | -€2,603 | -25.6% |
| Total equity and liabilities | 10/49 | €2,668,162 | €2,918,666 | +€250,504 | +9.4% |
| Equity | 10/15 | €2,066,559 | €2,026,016 | -€40,543 | -2.0% |
| Contributions | 10/11 | €578,000 | €578,000 | = | 0.0% |
| Reserves | 13 | €912,576 | €872,033 | -€40,543 | -4.4% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €912,576 | €872,033 | -€40,543 | -4.4% |
| Profit (loss) carried forward | 14 | €575,983 | €575,983 | = | 0.0% |
| Amounts payable | 17/49 | €601,603 | €892,650 | +€291,047 | +48.4% |
| Amounts payable within one year | 42/48 | €569,249 | €866,566 | +€297,317 | +52.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €13,081 | €7,318 | -€5,763 | -44.1% |
| Suppliers | 440/4 | €13,081 | €7,318 | -€5,763 | -44.1% |
| Taxes, remuneration and social security | 45 | €35,870 | €70,187 | +€34,317 | +95.7% |
| Taxes | 450/3 | €35,870 | €64,423 | +€28,553 | +79.6% |
| Remuneration and social security | 454/9 | - | €5,764 | +€5,764 | |
| Other amounts payable | 47/48 | €520,298 | €789,062 | +€268,763 | +51.7% |
| Accrued charges and deferred income | 492/3 | €32,354 | €26,083 | -€6,270 | -19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,871 | €35,605 | -€1,267 | -3.4% |
| Other operating charges | 640/8 | €9,796 | €11,444 | +€1,648 | +16.8% |
| Gross operating margin | 9900 | €208,187 | €208,989 | +€802 | +0.4% |
| Operating profit (loss) | 9901 | €161,519 | €161,940 | +€421 | +0.3% |
| Financial income | 75/76B | €311,211 | €420,385 | +€109,174 | +35.1% |
| Recurring financial income | 75 | €311,211 | €420,385 | +€109,174 | +35.1% |
| Financial charges | 65/66B | €107,353 | €137,969 | +€30,616 | +28.5% |
| Recurring financial charges | 65 | €107,353 | €137,969 | +€30,616 | +28.5% |
| Profit (loss) for the period before taxes | 9903 | €365,377 | €444,356 | +€78,979 | +21.6% |
| Income taxes | 67/77 | €50,911 | €49,635 | -€1,276 | -2.5% |
| Profit (loss) for the period | 9904 | €314,466 | €394,721 | +€80,255 | +25.5% |
| Transfer from tax-exempt reserves | 789 | €42,100 | €0 | -€42,100 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €356,566 | €394,721 | +€38,155 | +10.7% |
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 9 October 2026 via checked.be.