NV 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.
NV KINE
Largest movements
- Cash +€9,581
up €9,581 (+47858.0%), from €20 to €9,601
mainly Other debts (+€10,833) and Depreciation (+€7,021)
- Tangible fixed assets +€2,843
up €2,843 (+26.3%), from €10,824 to €13,667
- Receivables within one year +€592
new in 2025: €592
- Deferred charges and accrued income -€242
down €242 (-77.5%), from €312 to €70
- Other debts +€10,833
up €10,833 (+122.5%), from €8,846 to €19,679
- Debts after one year -€6,094
down €6,094 (-92.3%), from €6,605 to €511
- Profit (loss) carried forward +€5,406
up €5,406 (+39.2%), from -€13,776 to -€8,371
- Trade debts +€3,806
up €3,806 (+1982.8%), from €192 to €3,998
- Current portion of long-term debt -€805
down €805 (-11.7%), from €6,899 to €6,094
- Gross operating margin +€20,004
up €20,004, from -€6,501 to €13,504
- Depreciation +€3,306
up €3,306 (+89.0%), from €3,715 to €7,021
- Other operating charges +€500
up €500 (+256.5%), from €195 to €695
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 | €11,156 | €23,930 | +€12,775 | +114.5% |
| Fixed assets | 21/28 | €10,824 | €13,667 | +€2,843 | +26.3% |
| Tangible fixed assets | 22/27 | €10,824 | €13,667 | +€2,843 | +26.3% |
| Furniture and vehicles | 24 | €10,824 | €13,667 | +€2,843 | +26.3% |
| Current assets | 29/58 | €332 | €10,263 | +€9,931 | +2989.7% |
| Amounts receivable within one year | 40/41 | - | €592 | +€592 | |
| Trade receivables | 40 | - | €592 | +€592 | |
| Cash at bank and in hand | 54/58 | €20 | €9,601 | +€9,581 | +47858.0% |
| Deferred charges and accrued income | 490/1 | €312 | €70 | -€242 | -77.5% |
| Total equity and liabilities | 10/49 | €11,156 | €23,930 | +€12,775 | +114.5% |
| Equity | 10/15 | -€12,776 | -€7,371 | +€5,406 | +42.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,776 | -€8,371 | +€5,406 | +39.2% |
| Amounts payable | 17/49 | €23,932 | €31,301 | +€7,369 | +30.8% |
| Amounts payable after more than one year | 17 | €6,605 | €511 | -€6,094 | -92.3% |
| Financial debts | 170/4 | €6,605 | €511 | -€6,094 | -92.3% |
| Amounts payable within one year | 42/48 | €16,621 | €29,852 | +€13,231 | +79.6% |
| Current portion of amounts payable after more than one year | 42 | €6,899 | €6,094 | -€805 | -11.7% |
| Trade debts | 44 | €192 | €3,998 | +€3,806 | +1982.8% |
| Suppliers | 440/4 | €192 | €3,998 | +€3,806 | +1982.8% |
| Taxes, remuneration and social security | 45 | €684 | €80 | -€604 | -88.3% |
| Taxes | 450/3 | €684 | €80 | -€604 | -88.3% |
| Other amounts payable | 47/48 | €8,846 | €19,679 | +€10,833 | +122.5% |
| Accrued charges and deferred income | 492/3 | €707 | €938 | +€232 | +32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,715 | €7,021 | +€3,306 | +89.0% |
| Other operating charges | 640/8 | €195 | €695 | +€500 | +256.5% |
| Gross operating margin | 9900 | -€6,501 | €13,504 | +€20,004 | |
| Operating profit (loss) | 9901 | -€10,411 | €5,787 | +€16,198 | |
| Financial charges | 65/66B | €429 | €381 | -€48 | -11.2% |
| Recurring financial charges | 65 | €429 | €381 | -€48 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,840 | €5,406 | +€16,246 | |
| Income taxes | 67/77 | €80 | - | -€80 | |
| Profit (loss) for the period | 9904 | -€10,920 | €5,406 | +€16,326 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,920 | €5,406 | +€16,326 |
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 7 October 2026 via checked.be.