LM 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.
LM KINE
Largest movements
- Cash +€47,984
up €47,984 (+93.5%), from €51,328 to €99,312
mainly Net result for the year (+€43,503) and Tax, wage and social debts (+€11,844)
- Financial fixed assets +€1,800
new in 2025: €1,800
- Reserves +€43,503
up €43,503 (+150%), from €29,097 to €72,599
- Tax, wage and social debts +€11,844
up €11,844 (+153%), from €7,734 to €19,578
- Trade debts -€5,177
down €5,177 (-96.5%), from €5,363 to €186
- Gross operating margin +€18,315
up €18,315 (+48.8%), from €37,537 to €55,852
- Taxes +€4,110
up €4,110 (+53.1%), from €7,734 to €11,844
- Other operating charges -€604
down €604 (-90.5%), from €667 to €63
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 | €52,177 | €102,869 | +€50,692 | +97.2% |
| Fixed assets | 21/28 | - | €2,787 | +€2,787 | |
| Tangible fixed assets | 22/27 | - | €987 | +€987 | |
| Plant, machinery and equipment | 23 | - | €987 | +€987 | |
| Financial fixed assets | 28 | - | €1,800 | +€1,800 | |
| Current assets | 29/58 | €52,177 | €100,082 | +€47,905 | +91.8% |
| Cash at bank and in hand | 54/58 | €51,328 | €99,312 | +€47,984 | +93.5% |
| Deferred charges and accrued income | 490/1 | €849 | €770 | -€79 | -9.3% |
| Total equity and liabilities | 10/49 | €52,177 | €102,869 | +€50,692 | +97.2% |
| Equity | 10/15 | €32,097 | €75,599 | +€43,503 | +136% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €29,097 | €72,599 | +€43,503 | +150% |
| Distributable reserves | 133 | €29,097 | €72,599 | +€43,503 | +150% |
| Amounts payable | 17/49 | €20,080 | €27,269 | +€7,190 | +35.8% |
| Amounts payable within one year | 42/48 | €20,080 | €27,269 | +€7,190 | +35.8% |
| Trade debts | 44 | €5,363 | €186 | -€5,177 | -96.5% |
| Suppliers | 440/4 | €5,363 | €186 | -€5,177 | -96.5% |
| Taxes, remuneration and social security | 45 | €7,734 | €19,578 | +€11,844 | +153% |
| Taxes | 450/3 | €7,734 | €19,578 | +€11,844 | +153% |
| Other amounts payable | 47/48 | €6,983 | €7,505 | +€522 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €442 | +€442 | |
| Other operating charges | 640/8 | €667 | €63 | -€604 | -90.5% |
| Gross operating margin | 9900 | €37,537 | €55,852 | +€18,315 | +48.8% |
| Operating profit (loss) | 9901 | €36,869 | €55,346 | +€18,477 | +50.1% |
| Financial charges | 65/66B | €38 | -€1 | -€39 | |
| Recurring financial charges | 65 | €38 | -€1 | -€39 | |
| Profit (loss) for the period before taxes | 9903 | €36,831 | €55,347 | +€18,516 | +50.3% |
| Income taxes | 67/77 | €7,734 | €11,844 | +€4,110 | +53.1% |
| Profit (loss) for the period | 9904 | €29,097 | €43,503 | +€14,406 | +49.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,097 | €43,503 | +€14,406 | +49.5% |
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.