LG-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.
LG-KINE
Largest movements
- Cash -€13,259
down €13,259 (-86.6%), from €15,305 to €2,046
mainly Receivables within one year (-€11,108) and Debts after one year (-€8,718)
- Receivables within one year +€11,108
up €11,108 (+126%), from €8,784 to €19,893
of which Trade receivables: +€9,224
- Tangible fixed assets -€4,415
down €4,415 (-9.7%), from €45,650 to €41,235
of which Furniture and vehicles: -€9,415
- Debts after one year -€8,718
down €8,718 (-23.8%), from €36,660 to €27,942
- Other debts +€1,775
up €1,775 (+39.1%), from €4,539 to €6,315
- Trade debts +€798
up €798 (+179%), from €446 to €1,244
- Gross operating margin -€12,368
down €12,368 (-52.7%), from €23,453 to €11,085
- Depreciation +€6,991
up €6,991 (+269%), from €2,603 to €9,594
- Taxes -€4,112
down €4,112 (-97.3%), from €4,228 to €116
- Financial charges +€1,574
up €1,574 (+7,679%), from €21 to €1,595
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 | €70,334 | €63,453 | -€6,881 | -9.8% |
| Fixed assets | 21/28 | €45,650 | €41,235 | -€4,415 | -9.7% |
| Tangible fixed assets | 22/27 | €45,650 | €41,235 | -€4,415 | -9.7% |
| Plant, machinery and equipment | 23 | - | €5,000 | +€5,000 | |
| Furniture and vehicles | 24 | €45,650 | €36,235 | -€9,415 | -20.6% |
| Current assets | 29/58 | €24,684 | €22,218 | -€2,465 | -10.0% |
| Amounts receivable within one year | 40/41 | €8,784 | €19,893 | +€11,108 | +126% |
| Trade receivables | 40 | €8,512 | €17,736 | +€9,224 | +108% |
| Other amounts receivable | 41 | €272 | €2,157 | +€1,884 | +692% |
| Cash at bank and in hand | 54/58 | €15,305 | €2,046 | -€13,259 | -86.6% |
| Deferred charges and accrued income | 490/1 | €594 | €279 | -€315 | -53.0% |
| Total equity and liabilities | 10/49 | €70,334 | €63,453 | -€6,881 | -9.8% |
| Equity | 10/15 | €19,590 | €19,234 | -€355 | -1.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,590 | €16,590 | = | 0.0% |
| Distributable reserves | 133 | €16,590 | €16,590 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€355 | -€355 | |
| Amounts payable | 17/49 | €50,744 | €44,219 | -€6,525 | -12.9% |
| Amounts payable after more than one year | 17 | €36,660 | €27,942 | -€8,718 | -23.8% |
| Financial debts | 170/4 | €36,660 | €27,942 | -€8,718 | -23.8% |
| Amounts payable within one year | 42/48 | €13,420 | €16,277 | +€2,857 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €8,435 | €8,718 | +€283 | +3.4% |
| Trade debts | 44 | €446 | €1,244 | +€798 | +179% |
| Suppliers | 440/4 | €446 | €1,244 | +€798 | +179% |
| Other amounts payable | 47/48 | €4,539 | €6,315 | +€1,775 | +39.1% |
| Accrued charges and deferred income | 492/3 | €664 | €0 | -€664 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,603 | €9,594 | +€6,991 | +269% |
| Other operating charges | 640/8 | €13 | €136 | +€124 | +978% |
| Gross operating margin | 9900 | €23,453 | €11,085 | -€12,368 | -52.7% |
| Operating profit (loss) | 9901 | €20,838 | €1,355 | -€19,482 | -93.5% |
| Financial charges | 65/66B | €21 | €1,595 | +€1,574 | +7,679% |
| Recurring financial charges | 65 | €21 | €1,595 | +€1,574 | +7,679% |
| Profit (loss) for the period before taxes | 9903 | €20,817 | -€239 | -€21,056 | |
| Income taxes | 67/77 | €4,228 | €116 | -€4,112 | -97.3% |
| Profit (loss) for the period | 9904 | €16,590 | -€355 | -€16,945 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,590 | -€355 | -€16,945 |
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 21 October 2026 via checked.be.