Kynergie: 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.
Kynergie
Largest movements
- Receivables within one year -€44,654
down €44,654 (-95.6%), from €46,714 to €2,061
of which Other amounts receivable: -€44,654
- Tangible fixed assets -€13,739
down €13,739 (-2.5%), from €550,221 to €536,482
of which Land and buildings: -€12,009
- Current investments -€11,418
down €11,418 (-100%), from €11,418 to €0
- Deferred charges and accrued income -€8,601
down €8,601 (-60.5%), from €14,223 to €5,622
- Reserves -€56,322
down €56,322 (-64.6%), from €87,205 to €30,883
- Other debts +€42,176
up €42,176 (+282%), from €14,956 to €57,132
- Trade debts -€31,869
down €31,869 (-60.8%), from €52,427 to €20,558
- Debts after one year -€29,280
down €29,280 (-6.6%), from €443,579 to €414,299
- Gross operating margin -€21,069
down €21,069 (-22.0%), from €95,878 to €74,809
- Other operating charges +€6,860
up €6,860 (+286%), from €2,396 to €9,256
- Taxes -€4,806
down €4,806 (-36.7%), from €13,106 to €8,300
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 | €649,549 | €568,215 | -€81,334 | -12.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €553,708 | €538,033 | -€15,675 | -2.8% |
| Intangible fixed assets | 21 | €3,487 | €1,551 | -€1,936 | -55.5% |
| Tangible fixed assets | 22/27 | €550,221 | €536,482 | -€13,739 | -2.5% |
| Land and buildings | 22 | €547,104 | €535,095 | -€12,009 | -2.2% |
| Plant, machinery and equipment | 23 | €3,116 | €1,386 | -€1,730 | -55.5% |
| Current assets | 29/58 | €95,841 | €30,183 | -€65,658 | -68.5% |
| Amounts receivable within one year | 40/41 | €46,714 | €2,061 | -€44,654 | -95.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €46,714 | €2,061 | -€44,654 | -95.6% |
| Current investments | 50/53 | €11,418 | €0 | -€11,418 | -100% |
| Cash at bank and in hand | 54/58 | €23,486 | €22,500 | -€986 | -4.2% |
| Deferred charges and accrued income | 490/1 | €14,223 | €5,622 | -€8,601 | -60.5% |
| Total equity and liabilities | 10/49 | €649,549 | €568,215 | -€81,334 | -12.5% |
| Equity | 10/15 | €97,205 | €40,883 | -€56,322 | -57.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €87,205 | €30,883 | -€56,322 | -64.6% |
| Distributable reserves | 133 | €87,205 | €30,883 | -€56,322 | -64.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €552,344 | €527,332 | -€25,012 | -4.5% |
| Amounts payable after more than one year | 17 | €443,579 | €414,299 | -€29,280 | -6.6% |
| Financial debts | 170/4 | €443,579 | €414,299 | -€29,280 | -6.6% |
| Amounts payable within one year | 42/48 | €108,765 | €113,033 | +€4,268 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €28,522 | €29,189 | +€667 | +2.3% |
| Financial debts | 43 | €1,056 | €0 | -€1,056 | -100% |
| Other loans | 439 | €1,056 | €0 | -€1,056 | -100% |
| Trade debts | 44 | €52,427 | €20,558 | -€31,869 | -60.8% |
| Suppliers | 440/4 | €52,427 | €20,558 | -€31,869 | -60.8% |
| Taxes, remuneration and social security | 45 | €11,804 | €6,154 | -€5,649 | -47.9% |
| Taxes | 450/3 | €7,094 | €1,401 | -€5,693 | -80.2% |
| Remuneration and social security | 454/9 | €4,710 | €4,753 | +€43 | +0.9% |
| Other amounts payable | 47/48 | €14,956 | €57,132 | +€42,176 | +282% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,154 | €26,079 | -€75 | -0.3% |
| Other operating charges | 640/8 | €2,396 | €9,256 | +€6,860 | +286% |
| Gross operating margin | 9900 | €95,878 | €74,809 | -€21,069 | -22.0% |
| Operating profit (loss) | 9901 | €67,328 | €39,475 | -€27,854 | -41.4% |
| Financial income | 75/76B | €40 | €226 | +€186 | +462% |
| Recurring financial income | 75 | €40 | €226 | +€186 | +462% |
| Financial charges | 65/66B | €9,773 | €9,430 | -€343 | -3.5% |
| Recurring financial charges | 65 | €9,773 | €9,430 | -€343 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €57,595 | €30,270 | -€27,325 | -47.4% |
| Income taxes | 67/77 | €13,106 | €8,300 | -€4,806 | -36.7% |
| Profit (loss) for the period | 9904 | €44,489 | €21,970 | -€22,519 | -50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,489 | €21,970 | -€22,519 | -50.6% |
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 28 October 2026 via checked.be.