NT 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.
NT KINE
Largest movements
- Cash +€44,915
up €44,915 (+521%), from €8,619 to €53,534
mainly Net result for the year (+€53,402) and Deferred charges and accrued income (+€7,616)
- Deferred charges and accrued income -€7,616
down €7,616 (-24.5%), from €31,101 to €23,485
- Receivables within one year +€5,227
up €5,227 (+18.3%), from €28,515 to €33,741
- Reserves +€52,569
up €52,569 (+86.9%), from €60,474 to €113,043
- Tax, wage and social debts -€11,200
down €11,200 (-97.8%), from €11,450 to €250
- Gross operating margin +€20,662
up €20,662 (+40.0%), from €51,617 to €72,279
- Taxes +€3,912
up €3,912 (+34.2%), from €11,450 to €15,362
- Financial income -€866
down €866 (-97.1%), from €891 to €26
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 | €75,555 | €117,047 | +€41,492 | +54.9% |
| Fixed assets | 21/28 | €7,320 | €6,286 | -€1,034 | -14.1% |
| Tangible fixed assets | 22/27 | €7,320 | €6,286 | -€1,034 | -14.1% |
| Plant, machinery and equipment | 23 | €1,381 | €1,945 | +€564 | +40.9% |
| Furniture and vehicles | 24 | €5,939 | €4,341 | -€1,598 | -26.9% |
| Current assets | 29/58 | €68,235 | €110,761 | +€42,526 | +62.3% |
| Amounts receivable within one year | 40/41 | €28,515 | €33,741 | +€5,227 | +18.3% |
| Other amounts receivable | 41 | €28,515 | €33,741 | +€5,227 | +18.3% |
| Cash at bank and in hand | 54/58 | €8,619 | €53,534 | +€44,915 | +521% |
| Deferred charges and accrued income | 490/1 | €31,101 | €23,485 | -€7,616 | -24.5% |
| Total equity and liabilities | 10/49 | €75,555 | €117,047 | +€41,492 | +54.9% |
| Equity | 10/15 | €63,474 | €116,043 | +€52,569 | +82.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €60,474 | €113,043 | +€52,569 | +86.9% |
| Distributable reserves | 133 | €60,474 | €113,043 | +€52,569 | +86.9% |
| Amounts payable | 17/49 | €12,080 | €1,004 | -€11,077 | -91.7% |
| Amounts payable within one year | 42/48 | €12,080 | €1,004 | -€11,077 | -91.7% |
| Trade debts | 44 | €630 | €754 | +€124 | +19.6% |
| Suppliers | 440/4 | €630 | €754 | +€124 | +19.6% |
| Taxes, remuneration and social security | 45 | €11,450 | €250 | -€11,200 | -97.8% |
| Taxes | 450/3 | €11,450 | €250 | -€11,200 | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,014 | €2,467 | +€453 | +22.5% |
| Non-recurring operating charges | 66A | - | €219 | +€219 | |
| Gross operating margin | 9900 | €51,617 | €72,279 | +€20,662 | +40.0% |
| Operating profit (loss) | 9901 | €49,603 | €69,593 | +€19,990 | +40.3% |
| Financial income | 75/76B | €891 | €26 | -€866 | -97.1% |
| Recurring financial income | 75 | €891 | €26 | -€866 | -97.1% |
| Financial charges | 65/66B | €720 | €855 | +€135 | +18.7% |
| Recurring financial charges | 65 | €720 | €855 | +€135 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | €49,774 | €68,764 | +€18,990 | +38.2% |
| Income taxes | 67/77 | €11,450 | €15,362 | +€3,912 | +34.2% |
| Profit (loss) for the period | 9904 | €38,324 | €53,402 | +€15,078 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,324 | €53,402 | +€15,078 | +39.3% |
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.