LNR 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.
LNR KINE
Largest movements
- Cash -€46,412
down €46,412 (-62.6%), from €74,161 to €27,749
mainly Contributions, distributions and other (-€40,000) and Investment in fixed assets (net) (-€31,848)
- Tangible fixed assets +€22,937
up €22,937 (+98.0%), from €23,394 to €46,331
of which Plant, machinery and equipment: +€12,101
- Receivables within one year +€17,261
up €17,261 (+53.5%), from €32,283 to €49,545
of which Trade receivables: +€17,261
- Profit (loss) carried forward -€5,714
down €5,714 (-5.0%), from €113,295 to €107,581
- Tax, wage and social debts +€4,835
up €4,835 (+76.5%), from €6,323 to €11,158
- Current portion of long-term debt -€3,016
down €3,016 (-44.8%), from €6,739 to €3,723
- Debts after one year -€1,499
no longer reported in 2025 (was €1,499)
- Gross operating margin -€10,706
down €10,706 (-16.2%), from €65,949 to €55,243
- Depreciation +€3,222
up €3,222 (+56.6%), from €5,690 to €8,911
- Taxes -€2,473
down €2,473 (-19.1%), from €12,930 to €10,458
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 | €131,662 | €126,329 | -€5,333 | -4.1% |
| Fixed assets | 21/28 | €23,394 | €46,331 | +€22,937 | +98.0% |
| Tangible fixed assets | 22/27 | €23,394 | €46,331 | +€22,937 | +98.0% |
| Plant, machinery and equipment | 23 | €9,016 | €21,117 | +€12,101 | +134% |
| Furniture and vehicles | 24 | €14,378 | €25,214 | +€10,836 | +75.4% |
| Current assets | 29/58 | €108,269 | €79,999 | -€28,270 | -26.1% |
| Amounts receivable within one year | 40/41 | €32,283 | €49,545 | +€17,261 | +53.5% |
| Trade receivables | 40 | €12,133 | €29,395 | +€17,261 | +142% |
| Other amounts receivable | 41 | €20,150 | €20,150 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €74,161 | €27,749 | -€46,412 | -62.6% |
| Deferred charges and accrued income | 490/1 | €1,824 | €2,705 | +€881 | +48.3% |
| Total equity and liabilities | 10/49 | €131,662 | €126,329 | -€5,333 | -4.1% |
| Equity | 10/15 | €115,295 | €109,581 | -€5,714 | -5.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,295 | €107,581 | -€5,714 | -5.0% |
| Amounts payable | 17/49 | €16,367 | €16,748 | +€381 | +2.3% |
| Amounts payable after more than one year | 17 | €1,499 | - | -€1,499 | |
| Financial debts | 170/4 | €1,499 | - | -€1,499 | |
| Amounts payable within one year | 42/48 | €14,868 | €16,748 | +€1,880 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €6,739 | €3,723 | -€3,016 | -44.8% |
| Trade debts | 44 | €1,807 | €1,867 | +€61 | +3.4% |
| Suppliers | 440/4 | €1,807 | €1,867 | +€61 | +3.4% |
| Taxes, remuneration and social security | 45 | €6,323 | €11,158 | +€4,835 | +76.5% |
| Taxes | 450/3 | €6,323 | €11,158 | +€4,835 | +76.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,690 | €8,911 | +€3,222 | +56.6% |
| Other operating charges | 640/8 | €904 | €1,374 | +€470 | +52.0% |
| Gross operating margin | 9900 | €65,949 | €55,243 | -€10,706 | -16.2% |
| Operating profit (loss) | 9901 | €59,355 | €44,957 | -€14,398 | -24.3% |
| Financial charges | 65/66B | €407 | €213 | -€194 | -47.6% |
| Recurring financial charges | 65 | €407 | €213 | -€194 | -47.6% |
| Profit (loss) for the period before taxes | 9903 | €58,948 | €44,744 | -€14,204 | -24.1% |
| Income taxes | 67/77 | €12,930 | €10,458 | -€2,473 | -19.1% |
| Profit (loss) for the period | 9904 | €46,018 | €34,286 | -€11,731 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,018 | €34,286 | -€11,731 | -25.5% |
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 27 October 2026 via checked.be.