PB 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.
PB KINE
Largest movements
- Cash +€35,105
up €35,105 (+74.7%), from €47,003 to €82,108
mainly Net result for the year (+€34,379) and Receivables within one year (+€1,323)
- Receivables within one year -€1,323
down €1,323 (-23.5%), from €5,632 to €4,310
of which Other amounts receivable: -€1,293
- Profit (loss) carried forward +€34,379
up €34,379 (+4,855%), from €708 to €35,087
- Tax, wage and social debts -€1,694
down €1,694 (-14.0%), from €12,081 to €10,387
- Gross operating margin -€9,472
down €9,472 (-17.7%), from €53,444 to €43,972
- Taxes -€1,694
down €1,694 (-15.4%), from €11,030 to €9,336
- Depreciation -€1,525
down €1,525 (-90.0%), from €1,696 to €170
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 | €55,804 | €88,567 | +€32,763 | +58.7% |
| Fixed assets | 21/28 | €1,710 | €1,539 | -€170 | -10.0% |
| Tangible fixed assets | 22/27 | €710 | €539 | -€170 | -24.0% |
| Furniture and vehicles | 24 | €710 | €539 | -€170 | -24.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €54,094 | €87,027 | +€32,933 | +60.9% |
| Amounts receivable within one year | 40/41 | €5,632 | €4,310 | -€1,323 | -23.5% |
| Trade receivables | 40 | €30 | - | -€30 | |
| Other amounts receivable | 41 | €5,602 | €4,310 | -€1,293 | -23.1% |
| Cash at bank and in hand | 54/58 | €47,003 | €82,108 | +€35,105 | +74.7% |
| Deferred charges and accrued income | 490/1 | €1,460 | €610 | -€850 | -58.2% |
| Total equity and liabilities | 10/49 | €55,804 | €88,567 | +€32,763 | +58.7% |
| Equity | 10/15 | €43,708 | €78,087 | +€34,379 | +78.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €708 | €35,087 | +€34,379 | +4,855% |
| Amounts payable | 17/49 | €12,096 | €10,480 | -€1,616 | -13.4% |
| Amounts payable within one year | 42/48 | €12,096 | €10,404 | -€1,692 | -14.0% |
| Financial debts | 43 | €15 | €17 | +€2 | +13.3% |
| Credit institutions | 430/8 | €15 | €17 | +€2 | +13.3% |
| Taxes, remuneration and social security | 45 | €12,081 | €10,387 | -€1,694 | -14.0% |
| Taxes | 450/3 | €12,081 | €10,387 | -€1,694 | -14.0% |
| Accrued charges and deferred income | 492/3 | - | €76 | +€76 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,696 | €170 | -€1,525 | -90.0% |
| Other operating charges | 640/8 | €179 | - | -€179 | |
| Gross operating margin | 9900 | €53,444 | €43,972 | -€9,472 | -17.7% |
| Operating profit (loss) | 9901 | €51,569 | €43,802 | -€7,767 | -15.1% |
| Financial income | 75/76B | €170 | €0 | -€170 | -100.0% |
| Recurring financial income | 75 | €170 | €0 | -€170 | -100.0% |
| Financial charges | 65/66B | €1 | €88 | +€86 | +7,861% |
| Recurring financial charges | 65 | €1 | €88 | +€86 | +7,861% |
| Profit (loss) for the period before taxes | 9903 | €51,738 | €43,714 | -€8,024 | -15.5% |
| Income taxes | 67/77 | €11,030 | €9,336 | -€1,694 | -15.4% |
| Profit (loss) for the period | 9904 | €40,708 | €34,379 | -€6,329 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,708 | €34,379 | -€6,329 | -15.5% |
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 15 October 2026 via checked.be.