MB 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.
MB KINE
Largest movements
- Tangible fixed assets -€14,757
down €14,757 (-8.2%), from €180,859 to €166,103
of which Land and buildings: -€13,545
- Cash -€4,611
down €4,611 (-62.2%), from €7,408 to €2,797
mainly Debts after one year (-€15,142) and Trade debts (-€3,551)
- Receivables within one year -€2,439
down €2,439 (-46.1%), from €5,286 to €2,847
of which Trade receivables: -€1,355
- Debts after one year -€15,142
down €15,142 (-10.6%), from €143,239 to €128,097
of which Financial debts: -€14,521
- Trade debts -€3,551
down €3,551 (-72.5%), from €4,901 to €1,350
- Profit (loss) carried forward -€3,030
down €3,030 (-19.7%), from €15,398 to €12,368
- Gross operating margin -€16,488
down €16,488 (-43.9%), from €37,601 to €21,113
- Other operating charges -€1,128
down €1,128 (-38.0%), from €2,972 to €1,844
- Depreciation -€436
down €436 (-2.6%), from €16,597 to €16,162
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 | €194,884 | €172,602 | -€22,282 | -11.4% |
| Fixed assets | 21/28 | €180,938 | €166,182 | -€14,757 | -8.2% |
| Tangible fixed assets | 22/27 | €180,859 | €166,103 | -€14,757 | -8.2% |
| Land and buildings | 22 | €179,349 | €165,803 | -€13,545 | -7.6% |
| Furniture and vehicles | 24 | €1,511 | €299 | -€1,211 | -80.2% |
| Financial fixed assets | 28 | €79 | €79 | = | 0.0% |
| Current assets | 29/58 | €13,945 | €6,420 | -€7,525 | -54.0% |
| Amounts receivable within one year | 40/41 | €5,286 | €2,847 | -€2,439 | -46.1% |
| Trade receivables | 40 | €4,161 | €2,806 | -€1,355 | -32.6% |
| Other amounts receivable | 41 | €1,126 | €41 | -€1,085 | -96.4% |
| Cash at bank and in hand | 54/58 | €7,408 | €2,797 | -€4,611 | -62.2% |
| Deferred charges and accrued income | 490/1 | €1,251 | €776 | -€475 | -37.9% |
| Total equity and liabilities | 10/49 | €194,884 | €172,602 | -€22,282 | -11.4% |
| Equity | 10/15 | €27,864 | €24,833 | -€3,030 | -10.9% |
| Contributions | 10/11 | €12,466 | €12,466 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,398 | €12,368 | -€3,030 | -19.7% |
| Amounts payable | 17/49 | €167,020 | €147,768 | -€19,252 | -11.5% |
| Amounts payable after more than one year | 17 | €143,239 | €128,097 | -€15,142 | -10.6% |
| Financial debts | 170/4 | €141,318 | €126,797 | -€14,521 | -10.3% |
| Other amounts payable | 178/9 | €1,921 | €1,300 | -€621 | -32.3% |
| Amounts payable within one year | 42/48 | €23,781 | €19,672 | -€4,109 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €16,930 | €16,521 | -€408 | -2.4% |
| Trade debts | 44 | €4,901 | €1,350 | -€3,551 | -72.5% |
| Suppliers | 440/4 | €4,901 | €1,350 | -€3,551 | -72.5% |
| Taxes, remuneration and social security | 45 | €1,950 | €1,800 | -€150 | -7.7% |
| Remuneration and social security | 454/9 | €1,950 | €1,800 | -€150 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,597 | €16,162 | -€436 | -2.6% |
| Other operating charges | 640/8 | €2,972 | €1,844 | -€1,128 | -38.0% |
| Gross operating margin | 9900 | €37,601 | €21,113 | -€16,488 | -43.9% |
| Operating profit (loss) | 9901 | €18,031 | €3,107 | -€14,924 | -82.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,433 | €3,339 | -€94 | -2.7% |
| Recurring financial charges | 65 | €3,433 | €3,339 | -€94 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €14,598 | -€232 | -€14,830 | |
| Income taxes | 67/77 | €2,724 | €2,798 | +€74 | +2.7% |
| Profit (loss) for the period | 9904 | €11,874 | -€3,030 | -€14,904 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,874 | -€3,030 | -€14,904 |
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 24 October 2026 via checked.be.