LS 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.
LS KINE
Largest movements
- Cash +€7,127
up €7,127 (+50.5%), from €14,111 to €21,238
mainly Net result for the year (+€20,080) and Depreciation (+€6,688)
- Intangible fixed assets -€6,000
down €6,000 (-10.8%), from €55,500 to €49,500
- Receivables within one year -€1,619
down €1,619 (-18.8%), from €8,622 to €7,003
- Profit (loss) carried forward +€20,080
up €20,080 (+775%), from €2,590 to €22,670
- Other debts -€11,592
down €11,592 (-89.4%), from €12,960 to €1,368
- Debts after one year -€8,126
down €8,126 (-17.0%), from €47,715 to €39,589
- Tax, wage and social debts -€1,365
down €1,365 (-35.4%), from €3,855 to €2,490
- Gross operating margin +€23,478
up €23,478 (+214%), from €10,965 to €34,443
- Taxes +€3,944
up €3,944 (+255%), from €1,546 to €5,490
- Depreciation +€1,672
up €1,672 (+33.3%), from €5,016 to €6,688
- Financial charges +€361
up €361 (+25.4%), from €1,425 to €1,786
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 | €79,185 | €78,007 | -€1,178 | -1.5% |
| Fixed assets | 21/28 | €56,360 | €49,672 | -€6,688 | -11.9% |
| Intangible fixed assets | 21 | €55,500 | €49,500 | -€6,000 | -10.8% |
| Tangible fixed assets | 22/27 | €860 | €172 | -€688 | -80.0% |
| Plant, machinery and equipment | 23 | €350 | €70 | -€280 | -80.0% |
| Furniture and vehicles | 24 | €510 | €102 | -€408 | -80.0% |
| Current assets | 29/58 | €22,825 | €28,336 | +€5,510 | +24.1% |
| Amounts receivable within one year | 40/41 | €8,622 | €7,003 | -€1,619 | -18.8% |
| Trade receivables | 40 | €8,622 | €7,003 | -€1,619 | -18.8% |
| Cash at bank and in hand | 54/58 | €14,111 | €21,238 | +€7,127 | +50.5% |
| Deferred charges and accrued income | 490/1 | €93 | €95 | +€2 | +2.1% |
| Total equity and liabilities | 10/49 | €79,185 | €78,007 | -€1,178 | -1.5% |
| Equity | 10/15 | €5,590 | €25,670 | +€20,080 | +359% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,590 | €22,670 | +€20,080 | +775% |
| Amounts payable | 17/49 | €73,595 | €52,337 | -€21,257 | -28.9% |
| Amounts payable after more than one year | 17 | €47,715 | €39,589 | -€8,126 | -17.0% |
| Financial debts | 170/4 | €47,715 | €39,589 | -€8,126 | -17.0% |
| Amounts payable within one year | 42/48 | €25,730 | €12,749 | -€12,981 | -50.5% |
| Current portion of amounts payable after more than one year | 42 | €7,840 | €8,126 | +€286 | +3.6% |
| Trade debts | 44 | €1,074 | €764 | -€310 | -28.8% |
| Suppliers | 440/4 | €1,074 | €764 | -€310 | -28.8% |
| Taxes, remuneration and social security | 45 | €3,855 | €2,490 | -€1,365 | -35.4% |
| Taxes | 450/3 | €3,855 | €2,490 | -€1,365 | -35.4% |
| Other amounts payable | 47/48 | €12,960 | €1,368 | -€11,592 | -89.4% |
| Accrued charges and deferred income | 492/3 | €150 | - | -€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,016 | €6,688 | +€1,672 | +33.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €10,965 | €34,443 | +€23,478 | +214% |
| Operating profit (loss) | 9901 | €5,561 | €27,355 | +€21,794 | +392% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,425 | €1,786 | +€361 | +25.4% |
| Recurring financial charges | 65 | €1,425 | €1,786 | +€361 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €4,137 | €25,570 | +€21,433 | +518% |
| Income taxes | 67/77 | €1,546 | €5,490 | +€3,944 | +255% |
| Profit (loss) for the period | 9904 | €2,590 | €20,080 | +€17,489 | +675% |
| Profit (loss) for the period to be appropriated | 9905 | €2,590 | €20,080 | +€17,489 | +675% |
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.