Philippe 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.
Philippe Kine
Largest movements
- Tangible fixed assets -€6,562
down €6,562 (-23.8%), from €27,518 to €20,956
- Deferred charges and accrued income -€2,104
down €2,104 (-44.6%), from €4,712 to €2,608
- Profit (loss) carried forward -€13,233
down €13,233 (-127%), from -€10,450 to -€23,683
- Other debts +€4,545
up €4,545 (+26.2%), from €17,357 to €21,902
- Trade debts -€753
down €753 (-64.4%), from €1,169 to €416
- Tax, wage and social debts +€648
up €648 (+97.9%), from €661 to €1,309
- Gross operating margin -€6,895
down €6,895, from €2,429 to -€4,466
- Other operating charges -€299
down €299 (-16.5%), from €1,813 to €1,514
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 | €37,041 | €28,249 | -€8,793 | -23.7% |
| Fixed assets | 21/28 | €27,518 | €20,956 | -€6,562 | -23.8% |
| Tangible fixed assets | 22/27 | €27,518 | €20,956 | -€6,562 | -23.8% |
| Plant, machinery and equipment | 23 | €27,518 | €20,956 | -€6,562 | -23.8% |
| Current assets | 29/58 | €9,523 | €7,292 | -€2,231 | -23.4% |
| Cash at bank and in hand | 54/58 | €4,811 | €4,684 | -€127 | -2.6% |
| Deferred charges and accrued income | 490/1 | €4,712 | €2,608 | -€2,104 | -44.6% |
| Total equity and liabilities | 10/49 | €37,041 | €28,249 | -€8,793 | -23.7% |
| Equity | 10/15 | €17,855 | €4,622 | -€13,233 | -74.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,705 | €9,705 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,845 | €7,845 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,450 | -€23,683 | -€13,233 | -127% |
| Amounts payable | 17/49 | €19,187 | €23,627 | +€4,440 | +23.1% |
| Amounts payable within one year | 42/48 | €19,187 | €23,627 | +€4,440 | +23.1% |
| Trade debts | 44 | €1,169 | €416 | -€753 | -64.4% |
| Suppliers | 440/4 | €1,169 | €416 | -€753 | -64.4% |
| Taxes, remuneration and social security | 45 | €661 | €1,309 | +€648 | +97.9% |
| Taxes | 450/3 | €661 | €1,309 | +€648 | +97.9% |
| Other amounts payable | 47/48 | €17,357 | €21,902 | +€4,545 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,562 | €6,562 | = | 0.0% |
| Other operating charges | 640/8 | €1,813 | €1,514 | -€299 | -16.5% |
| Gross operating margin | 9900 | €2,429 | -€4,466 | -€6,895 | |
| Operating profit (loss) | 9901 | -€5,947 | -€12,543 | -€6,596 | -111% |
| Financial charges | 65/66B | €42 | €43 | +€1 | +1.3% |
| Recurring financial charges | 65 | €42 | €43 | +€1 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,989 | -€12,585 | -€6,596 | -110% |
| Income taxes | 67/77 | €661 | €648 | -€14 | -2.1% |
| Profit (loss) for the period | 9904 | -€6,650 | -€13,233 | -€6,583 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,650 | -€13,233 | -€6,583 | -99.0% |
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 13 October 2026 via checked.be.