NM KINE: what changed
Two fiscal 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.
NM KINE
Largest movements
- Tangible fixed assets -€14,433
down €14,433 (-26.9%), from €53,729 to €39,296
of which Furniture and vehicles: -€16,017
- Cash +€10,119
up €10,119 (+55.1%), from €18,372 to €28,491
mainly Net result for the year (+€26,576) and Depreciation (+€17,678)
- Receivables within one year +€7,062
up €7,062 (+32.3%), from €21,879 to €28,942
- Profit (loss) carried forward +€25,743
up €25,743 (+65992.0%), from €39 to €25,782
- Trade debts -€14,689
down €14,689 (-38.4%), from €38,273 to €23,584
- Debts after one year -€9,796
down €9,796 (-40.3%), from €24,311 to €14,514
- Tax, wage and social debts +€2,378
up €2,378 (+62.7%), from €3,793 to €6,171
- Other debts -€2,187
down €2,187 (-24.3%), from €9,013 to €6,826
- Gross operating margin +€15,507
up €15,507 (+37.8%), from €41,018 to €56,525
- Taxes +€3,378
up €3,378 (+61.0%), from €5,543 to €8,921
- Other operating charges -€3,136
down €3,136 (-73.4%), from €4,271 to €1,135
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 | €97,868 | €99,674 | +€1,805 | +1.8% |
| Formation expenses | 20 | €2,385 | €1,785 | -€600 | -25.2% |
| Fixed assets | 21/28 | €53,729 | €39,296 | -€14,433 | -26.9% |
| Tangible fixed assets | 22/27 | €53,729 | €39,296 | -€14,433 | -26.9% |
| Furniture and vehicles | 24 | €53,729 | €37,711 | -€16,017 | -29.8% |
| Other tangible fixed assets | 26 | - | €1,585 | +€1,585 | |
| Current assets | 29/58 | €41,754 | €58,593 | +€16,839 | +40.3% |
| Amounts receivable within one year | 40/41 | €21,879 | €28,942 | +€7,062 | +32.3% |
| Trade receivables | 40 | €21,879 | €28,942 | +€7,062 | +32.3% |
| Cash at bank and in hand | 54/58 | €18,372 | €28,491 | +€10,119 | +55.1% |
| Deferred charges and accrued income | 490/1 | €1,503 | €1,160 | -€343 | -22.8% |
| Total equity and liabilities | 10/49 | €97,868 | €99,674 | +€1,805 | +1.8% |
| Equity | 10/15 | €13,039 | €38,782 | +€25,743 | +197.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €10,500 | €10,500 | = | 0.0% |
| Distributable reserves | 133 | €10,500 | €10,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39 | €25,782 | +€25,743 | +65992.0% |
| Amounts payable | 17/49 | €84,829 | €60,891 | -€23,938 | -28.2% |
| Amounts payable after more than one year | 17 | €24,311 | €14,514 | -€9,796 | -40.3% |
| Other amounts payable | 178/9 | €24,311 | €14,514 | -€9,796 | -40.3% |
| Amounts payable within one year | 42/48 | €60,519 | €46,377 | -€14,142 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €9,440 | €9,796 | +€356 | +3.8% |
| Trade debts | 44 | €38,273 | €23,584 | -€14,689 | -38.4% |
| Suppliers | 440/4 | €38,273 | €23,584 | -€14,689 | -38.4% |
| Taxes, remuneration and social security | 45 | €3,793 | €6,171 | +€2,378 | +62.7% |
| Taxes | 450/3 | €3,793 | €6,171 | +€2,378 | +62.7% |
| Other amounts payable | 47/48 | €9,013 | €6,826 | -€2,187 | -24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,234 | €17,678 | -€556 | -3.1% |
| Other operating charges | 640/8 | €4,271 | €1,135 | -€3,136 | -73.4% |
| Non-recurring operating charges | 66A | - | €460 | +€460 | |
| Gross operating margin | 9900 | €41,018 | €56,525 | +€15,507 | +37.8% |
| Operating profit (loss) | 9901 | €18,512 | €37,252 | +€18,739 | +101.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,572 | €1,754 | +€183 | +11.6% |
| Recurring financial charges | 65 | €1,572 | €1,754 | +€183 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €16,941 | €35,498 | +€18,557 | +109.5% |
| Income taxes | 67/77 | €5,543 | €8,921 | +€3,378 | +61.0% |
| Profit (loss) for the period | 9904 | €11,398 | €26,576 | +€15,178 | +133.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,398 | €26,576 | +€15,178 | +133.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.