ML 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.
ML KINE
Largest movements
- Cash -€4,441
down €4,441 (-40.1%), from €11,074 to €6,633
mainly Receivables within one year (-€3,737) and Investment in fixed assets (net) (-€1,000)
- Receivables within one year +€3,737
up €3,737 (+65.0%), from €5,751 to €9,489
- Tangible fixed assets +€479
up €479 (+31.7%), from €1,513 to €1,992
of which Plant, machinery and equipment: +€596
- Tax, wage and social debts -€212
down €212 (-11.2%), from €1,885 to €1,673
- Gross operating margin -€6,487
down €6,487 (-94.1%), from €6,897 to €410
- Taxes -€1,720
down €1,720 (-99.8%), from €1,723 to €3
- Financial income +€413
new in 2025: €413
- Staff costs +€115
up €115 (+137.7%), from €84 to €199
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.
Cash bridge derived
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 | €18,338 | €18,114 | -€224 | -1.2% |
| Fixed assets | 21/28 | €1,513 | €1,992 | +€479 | +31.7% |
| Tangible fixed assets | 22/27 | €1,513 | €1,992 | +€479 | +31.7% |
| Plant, machinery and equipment | 23 | €1,390 | €1,985 | +€596 | +42.9% |
| Furniture and vehicles | 24 | €124 | €7 | -€117 | -94.3% |
| Current assets | 29/58 | €16,825 | €16,122 | -€703 | -4.2% |
| Amounts receivable within one year | 40/41 | €5,751 | €9,489 | +€3,737 | +65.0% |
| Other amounts receivable | 41 | €5,751 | €9,489 | +€3,737 | +65.0% |
| Cash at bank and in hand | 54/58 | €11,074 | €6,633 | -€4,441 | -40.1% |
| Total equity and liabilities | 10/49 | €18,338 | €18,114 | -€224 | -1.2% |
| Equity | 10/15 | €16,454 | €16,441 | -€13 | -0.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €11,454 | €11,441 | -€13 | -0.1% |
| Distributable reserves | 133 | €11,454 | €11,441 | -€13 | -0.1% |
| Amounts payable | 17/49 | €1,885 | €1,673 | -€212 | -11.2% |
| Amounts payable within one year | 42/48 | €1,885 | €1,673 | -€212 | -11.2% |
| Taxes, remuneration and social security | 45 | €1,885 | €1,673 | -€212 | -11.2% |
| Taxes | 450/3 | €1,885 | €1,673 | -€212 | -11.2% |
| Remuneration, social security and pensions | 62 | €84 | €199 | +€115 | +137.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €536 | €521 | -€15 | -2.7% |
| Gross operating margin | 9900 | €6,897 | €410 | -€6,487 | -94.1% |
| Operating profit (loss) | 9901 | €6,278 | -€310 | -€6,588 | |
| Financial income | 75/76B | - | €413 | +€413 | |
| Recurring financial income | 75 | - | €413 | +€413 | |
| Financial charges | 65/66B | €48 | €112 | +€64 | +135.4% |
| Recurring financial charges | 65 | €48 | €112 | +€64 | +135.4% |
| Profit (loss) for the period before taxes | 9903 | €6,230 | -€9 | -€6,239 | |
| Income taxes | 67/77 | €1,723 | €3 | -€1,720 | -99.8% |
| Profit (loss) for the period | 9904 | €4,507 | -€13 | -€4,520 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,507 | -€13 | -€4,520 |
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 12 October 2026 via checked.be.