@lfa Kine: 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.
@lfa Kine
Largest movements
- Tangible fixed assets -€58,372
down €58,372 (-38.6%), from €151,096 to €92,724
of which Furniture and vehicles: -€47,445
- Cash +€44,088
up €44,088 (+34.4%), from €128,225 to €172,313
mainly Depreciation (+€64,676) and Net result for the year (+€63,559)
- Reserves +€42,177
up €42,177 (+29.8%), from €141,453 to €183,630
- Other debts -€28,202
down €28,202 (-40.1%), from €70,381 to €42,180
- Debts after one year -€25,076
down €25,076 (-28.1%), from €89,120 to €64,044
of which Financial debts: -€20,725
- Current portion of long-term debt -€16,126
down €16,126 (-42.0%), from €38,391 to €22,265
- Tax, wage and social debts +€15,867
up €15,867 (+81.3%), from €19,520 to €35,387
of which Taxes: +€8,067
- Gross operating margin +€28,584
up €28,584 (+21.9%), from €130,286 to €158,870
- Taxes +€8,315
up €8,315 (+47.9%), from €17,344 to €25,659
- Depreciation -€2,229
down €2,229 (-3.3%), from €66,904 to €64,676
- Financial charges -€1,986
down €1,986 (-31.2%), from €6,371 to €4,385
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 | €384,251 | €369,678 | -€14,573 | -3.8% |
| Fixed assets | 21/28 | €153,386 | €94,409 | -€58,977 | -38.4% |
| Intangible fixed assets | 21 | €2,290 | €1,685 | -€605 | -26.4% |
| Tangible fixed assets | 22/27 | €151,096 | €92,724 | -€58,372 | -38.6% |
| Land and buildings | 22 | €28,712 | €17,015 | -€11,698 | -40.7% |
| Plant, machinery and equipment | 23 | €7,991 | €8,762 | +€771 | +9.7% |
| Furniture and vehicles | 24 | €114,393 | €66,948 | -€47,445 | -41.5% |
| Current assets | 29/58 | €230,865 | €275,269 | +€44,403 | +19.2% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €128,225 | €172,313 | +€44,088 | +34.4% |
| Deferred charges and accrued income | 490/1 | €2,641 | €2,956 | +€315 | +11.9% |
| Total equity and liabilities | 10/49 | €384,251 | €369,678 | -€14,573 | -3.8% |
| Equity | 10/15 | €160,797 | €202,975 | +€42,177 | +26.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €141,453 | €183,630 | +€42,177 | +29.8% |
| Distributable reserves | 133 | €141,453 | €183,630 | +€42,177 | +29.8% |
| Profit (loss) carried forward | 14 | €744 | €744 | = | 0.0% |
| Amounts payable | 17/49 | €223,454 | €166,703 | -€56,751 | -25.4% |
| Amounts payable after more than one year | 17 | €89,120 | €64,044 | -€25,076 | -28.1% |
| Financial debts | 170/4 | €84,769 | €64,044 | -€20,725 | -24.4% |
| Other amounts payable | 178/9 | €4,351 | - | -€4,351 | |
| Amounts payable within one year | 42/48 | €130,162 | €102,659 | -€27,503 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €38,391 | €22,265 | -€16,126 | -42.0% |
| Trade debts | 44 | €1,870 | €2,827 | +€957 | +51.2% |
| Suppliers | 440/4 | €1,870 | €2,827 | +€957 | +51.2% |
| Taxes, remuneration and social security | 45 | €19,520 | €35,387 | +€15,867 | +81.3% |
| Taxes | 450/3 | €19,520 | €27,587 | +€8,067 | +41.3% |
| Remuneration and social security | 454/9 | - | €7,800 | +€7,800 | |
| Other amounts payable | 47/48 | €70,381 | €42,180 | -€28,202 | -40.1% |
| Accrued charges and deferred income | 492/3 | €4,172 | - | -€4,172 | |
| Remuneration, social security and pensions | 62 | - | €1,055 | +€1,055 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,904 | €64,676 | -€2,229 | -3.3% |
| Other operating charges | 640/8 | €1,118 | €1,887 | +€769 | +68.8% |
| Gross operating margin | 9900 | €130,286 | €158,870 | +€28,584 | +21.9% |
| Operating profit (loss) | 9901 | €62,264 | €91,252 | +€28,988 | +46.6% |
| Financial income | 75/76B | €2,370 | €2,351 | -€19 | -0.8% |
| Recurring financial income | 75 | €2,370 | €2,351 | -€19 | -0.8% |
| Financial charges | 65/66B | €6,371 | €4,385 | -€1,986 | -31.2% |
| Recurring financial charges | 65 | €6,371 | €4,385 | -€1,986 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €58,263 | €89,218 | +€30,955 | +53.1% |
| Income taxes | 67/77 | €17,344 | €25,659 | +€8,315 | +47.9% |
| Profit (loss) for the period | 9904 | €40,919 | €63,559 | +€22,640 | +55.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,919 | €63,559 | +€22,640 | +55.3% |
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 20 October 2026 via checked.be.