O. & T. KINES: 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.
O. & T. KINES
Largest movements
- Tangible fixed assets +€15,273
up €15,273 (+7.5%), from €203,113 to €218,386
of which Furniture and vehicles: +€32,799
- Cash +€10,039
up €10,039 (+38.9%), from €25,807 to €35,846
mainly Depreciation (+€38,717) and Trade debts (+€19,498)
- Receivables within one year +€3,350
up €3,350 (+16.0%), from €20,895 to €24,244
- Trade debts +€19,498
up €19,498 (+1,908%), from €1,022 to €20,520
- Current portion of long-term debt -€18,126
no longer reported in 2025 (was €18,126)
- Profit (loss) carried forward +€14,460
up €14,460 (+17.8%), from €81,270 to €95,729
- Tax, wage and social debts +€5,325
up €5,325 (+410%), from €1,299 to €6,624
- Short-term financial debts +€4,389
new in 2025: €4,389
- Gross operating margin +€29,627
up €29,627 (+89.3%), from €33,162 to €62,789
- Purchases and services -€27,552
down €27,552 (-27.5%), from €100,242 to €72,690
- Turnover +€15,543
up €15,543 (+14.7%), from €105,797 to €121,340
- Depreciation +€13,286
up €13,286 (+52.2%), from €25,430 to €38,717
- Taxes +€5,325
up €5,325 (+410%), from €1,299 to €6,624
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 | €249,814 | €278,476 | +€28,662 | +11.5% |
| Fixed assets | 21/28 | €203,113 | €218,386 | +€15,273 | +7.5% |
| Tangible fixed assets | 22/27 | €203,113 | €218,386 | +€15,273 | +7.5% |
| Land and buildings | 22 | €175,807 | €158,514 | -€17,292 | -9.8% |
| Plant, machinery and equipment | 23 | €1,013 | €779 | -€234 | -23.1% |
| Furniture and vehicles | 24 | €26,293 | €59,093 | +€32,799 | +125% |
| Current assets | 29/58 | €46,701 | €60,090 | +€13,389 | +28.7% |
| Amounts receivable within one year | 40/41 | €20,895 | €24,244 | +€3,350 | +16.0% |
| Other amounts receivable | 41 | €20,895 | €24,244 | +€3,350 | +16.0% |
| Cash at bank and in hand | 54/58 | €25,807 | €35,846 | +€10,039 | +38.9% |
| Total equity and liabilities | 10/49 | €249,814 | €278,476 | +€28,662 | +11.5% |
| Equity | 10/15 | €89,470 | €103,929 | +€14,460 | +16.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Legal reserve | 130 | €2,000 | - | -€2,000 | |
| Distributable reserves | 133 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | €81,270 | €95,729 | +€14,460 | +17.8% |
| Amounts payable | 17/49 | €160,345 | €174,547 | +€14,202 | +8.9% |
| Amounts payable after more than one year | 17 | €139,898 | €143,014 | +€3,116 | +2.2% |
| Financial debts | 170/4 | €139,898 | €143,014 | +€3,116 | +2.2% |
| Amounts payable within one year | 42/48 | €20,447 | €31,533 | +€11,086 | +54.2% |
| Current portion of amounts payable after more than one year | 42 | €18,126 | - | -€18,126 | |
| Financial debts | 43 | - | €4,389 | +€4,389 | |
| Credit institutions | 430/8 | - | €4,389 | +€4,389 | |
| Trade debts | 44 | €1,022 | €20,520 | +€19,498 | +1,908% |
| Suppliers | 440/4 | €1,022 | €20,520 | +€19,498 | +1,908% |
| Taxes, remuneration and social security | 45 | €1,299 | €6,624 | +€5,325 | +410% |
| Taxes | 450/3 | €1,299 | €6,624 | +€5,325 | +410% |
| Turnover | 70 | €105,797 | €121,340 | +€15,543 | +14.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €100,242 | €72,690 | -€27,552 | -27.5% |
| Remuneration, social security and pensions | 62 | - | €1,279 | +€1,279 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,430 | €38,717 | +€13,286 | +52.2% |
| Other operating charges | 640/8 | €2,177 | €445 | -€1,731 | -79.5% |
| Gross operating margin | 9900 | €33,162 | €62,789 | +€29,627 | +89.3% |
| Operating profit (loss) | 9901 | €5,555 | €22,348 | +€16,793 | +302% |
| Financial charges | 65/66B | €3,750 | €1,264 | -€2,486 | -66.3% |
| Recurring financial charges | 65 | €3,750 | €1,264 | -€2,486 | -66.3% |
| Profit (loss) for the period before taxes | 9903 | €1,805 | €21,084 | +€19,279 | +1,068% |
| Income taxes | 67/77 | €1,299 | €6,624 | +€5,325 | +410% |
| Profit (loss) for the period | 9904 | €506 | €14,460 | +€13,954 | +2,760% |
| Profit (loss) for the period to be appropriated | 9905 | €506 | €14,460 | +€13,954 | +2,760% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.