N.D. Kiné: 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.
N.D. Kiné
Largest movements
- Deferred charges and accrued income +€20,994
new in 2025: €20,994
- Receivables within one year +€18,607
up €18,607 (+5979.4%), from €311 to €18,918
of which Other amounts receivable: +€18,918
- Cash +€12,839
up €12,839 (+256.8%), from €5,000 to €17,839
mainly Debts after one year (+€73,602) and Net result for the year (+€22,820)
- Intangible fixed assets -€9,800
down €9,800 (-10.0%), from €97,679 to €87,879
- Tangible fixed assets +€2,404
up €2,404 (+607.6%), from €396 to €2,799
- Debts after one year +€73,602
new in 2025: €73,602
- Other debts -€65,939
no longer reported in 2025 (was €65,939)
- Reserves +€22,850
up €22,850 (+99.3%), from €23,000 to €45,850
- Current portion of long-term debt +€13,999
new in 2025: €13,999
- Gross operating margin +€14,175
up €14,175 (+41.5%), from €34,177 to €48,352
- Depreciation +€9,825
up €9,825 (+3016.9%), from €326 to €10,151
- Financial charges +€4,076
up €4,076 (+317.4%), from €1,284 to €5,361
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 | €103,386 | €148,429 | +€45,043 | +43.6% |
| Fixed assets | 21/28 | €98,074 | €90,678 | -€7,396 | -7.5% |
| Intangible fixed assets | 21 | €97,679 | €87,879 | -€9,800 | -10.0% |
| Tangible fixed assets | 22/27 | €396 | €2,799 | +€2,404 | +607.6% |
| Furniture and vehicles | 24 | €396 | €2,799 | +€2,404 | +607.6% |
| Current assets | 29/58 | €5,311 | €57,751 | +€52,440 | +987.3% |
| Amounts receivable within one year | 40/41 | €311 | €18,918 | +€18,607 | +5979.4% |
| Trade receivables | 40 | €311 | - | -€311 | |
| Other amounts receivable | 41 | - | €18,918 | +€18,918 | |
| Cash at bank and in hand | 54/58 | €5,000 | €17,839 | +€12,839 | +256.8% |
| Deferred charges and accrued income | 490/1 | - | €20,994 | +€20,994 | |
| Total equity and liabilities | 10/49 | €103,386 | €148,429 | +€45,043 | +43.6% |
| Equity | 10/15 | €28,049 | €50,869 | +€22,820 | +81.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €23,000 | €45,850 | +€22,850 | +99.3% |
| Distributable reserves | 133 | €23,000 | €45,850 | +€22,850 | +99.3% |
| Profit (loss) carried forward | 14 | €49 | €19 | -€30 | -61.2% |
| Amounts payable | 17/49 | €75,336 | €97,560 | +€22,224 | +29.5% |
| Amounts payable after more than one year | 17 | - | €73,602 | +€73,602 | |
| Financial debts | 170/4 | - | €73,602 | +€73,602 | |
| Amounts payable within one year | 42/48 | €75,064 | €23,691 | -€51,373 | -68.4% |
| Current portion of amounts payable after more than one year | 42 | - | €13,999 | +€13,999 | |
| Trade debts | 44 | - | €336 | +€336 | |
| Suppliers | 440/4 | - | €336 | +€336 | |
| Taxes, remuneration and social security | 45 | €9,125 | €9,357 | +€231 | +2.5% |
| Taxes | 450/3 | €9,125 | €9,357 | +€231 | +2.5% |
| Other amounts payable | 47/48 | €65,939 | - | -€65,939 | |
| Accrued charges and deferred income | 492/3 | €272 | €266 | -€5 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €326 | €10,151 | +€9,825 | +3016.9% |
| Other operating charges | 640/8 | €392 | €671 | +€279 | +71.3% |
| Non-recurring operating charges | 66A | - | €25 | +€25 | |
| Gross operating margin | 9900 | €34,177 | €48,352 | +€14,175 | +41.5% |
| Operating profit (loss) | 9901 | €33,459 | €37,504 | +€4,045 | +12.1% |
| Financial income | 75/76B | - | €33 | +€33 | |
| Recurring financial income | 75 | - | €33 | +€33 | |
| Financial charges | 65/66B | €1,284 | €5,361 | +€4,076 | +317.4% |
| Recurring financial charges | 65 | €1,284 | €5,361 | +€4,076 | +317.4% |
| Profit (loss) for the period before taxes | 9903 | €32,175 | €32,176 | +€2 | 0.0% |
| Income taxes | 67/77 | €9,125 | €9,357 | +€231 | +2.5% |
| Profit (loss) for the period | 9904 | €23,049 | €22,820 | -€230 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,049 | €22,820 | -€230 | -1.0% |
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.