MG 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.
MG KINE
Largest movements
- Cash +€17,643
up €17,643 (+61.7%), from €28,599 to €46,242
mainly Other debts (+€16,384) and Depreciation (+€5,643)
- Tangible fixed assets -€2,603
down €2,603 (-3.1%), from €82,744 to €80,141
of which Leasing and similar rights: -€3,000
- Other debts +€16,384
up €16,384 (+197%), from €8,307 to €24,691
- Debts after one year -€7,964
down €7,964 (-17.1%), from €46,508 to €38,544
- Reserves +€5,046
up €5,046 (+17.1%), from €29,505 to €34,551
- Tax, wage and social debts +€2,519
up €2,519 (+28.7%), from €8,766 to €11,285
- Financial charges +€2,346
up €2,346 (+56.9%), from €4,124 to €6,470
- Other operating charges -€1,546
down €1,546 (-59.6%), from €2,596 to €1,050
- Taxes +€672
up €672 (+31.7%), from €2,122 to €2,794
- Gross operating margin -€487
down €487 (-2.3%), from €21,327 to €20,840
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 | €111,343 | €126,432 | +€15,089 | +13.6% |
| Fixed assets | 21/28 | €82,744 | €80,141 | -€2,603 | -3.1% |
| Tangible fixed assets | 22/27 | €82,744 | €80,141 | -€2,603 | -3.1% |
| Plant, machinery and equipment | 23 | €39,881 | €37,693 | -€2,188 | -5.5% |
| Furniture and vehicles | 24 | €863 | €3,448 | +€2,585 | +300% |
| Leasing and similar rights | 25 | €42,000 | €39,000 | -€3,000 | -7.1% |
| Current assets | 29/58 | €28,599 | €46,291 | +€17,692 | +61.9% |
| Amounts receivable within one year | 40/41 | - | €49 | +€49 | |
| Other amounts receivable | 41 | - | €49 | +€49 | |
| Cash at bank and in hand | 54/58 | €28,599 | €46,242 | +€17,643 | +61.7% |
| Total equity and liabilities | 10/49 | €111,343 | €126,432 | +€15,089 | +13.6% |
| Equity | 10/15 | €36,588 | €41,634 | +€5,046 | +13.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €29,505 | €34,551 | +€5,046 | +17.1% |
| Distributable reserves | 133 | €29,505 | €34,551 | +€5,046 | +17.1% |
| Profit (loss) carried forward | 14 | €883 | €883 | = | 0.0% |
| Amounts payable | 17/49 | €74,755 | €84,798 | +€10,043 | +13.4% |
| Amounts payable after more than one year | 17 | €46,508 | €38,544 | -€7,964 | -17.1% |
| Financial debts | 170/4 | €46,508 | €38,544 | -€7,964 | -17.1% |
| Amounts payable within one year | 42/48 | €28,247 | €46,254 | +€18,007 | +63.7% |
| Current portion of amounts payable after more than one year | 42 | €7,803 | €7,964 | +€161 | +2.1% |
| Trade debts | 44 | €3,371 | €2,314 | -€1,057 | -31.4% |
| Suppliers | 440/4 | €3,371 | €2,314 | -€1,057 | -31.4% |
| Taxes, remuneration and social security | 45 | €8,766 | €11,285 | +€2,519 | +28.7% |
| Taxes | 450/3 | €8,766 | €11,285 | +€2,519 | +28.7% |
| Other amounts payable | 47/48 | €8,307 | €24,691 | +€16,384 | +197% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,593 | €5,643 | +€50 | +0.9% |
| Other operating charges | 640/8 | €2,596 | €1,050 | -€1,546 | -59.6% |
| Gross operating margin | 9900 | €21,327 | €20,840 | -€487 | -2.3% |
| Operating profit (loss) | 9901 | €13,138 | €14,147 | +€1,009 | +7.7% |
| Financial income | 75/76B | - | €163 | +€163 | |
| Recurring financial income | 75 | - | €163 | +€163 | |
| Financial charges | 65/66B | €4,124 | €6,470 | +€2,346 | +56.9% |
| Recurring financial charges | 65 | €4,124 | €6,470 | +€2,346 | +56.9% |
| Profit (loss) for the period before taxes | 9903 | €9,014 | €7,840 | -€1,174 | -13.0% |
| Income taxes | 67/77 | €2,122 | €2,794 | +€672 | +31.7% |
| Profit (loss) for the period | 9904 | €6,892 | €5,046 | -€1,846 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,892 | €5,046 | -€1,846 | -26.8% |
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.