QS 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.
QS KINE
Largest movements
- Cash +€46,047
up €46,047 (+78.0%), from €59,046 to €105,093
mainly Net result for the year (+€43,021) and Depreciation (+€1,944)
- Tangible fixed assets -€1,944
down €1,944 (-28.3%), from €6,868 to €4,924
- Profit (loss) carried forward +€43,021
up €43,021 (+74.7%), from €57,578 to €100,598
- Tax, wage and social debts +€1,395
up €1,395 (+26.5%), from €5,272 to €6,667
- Gross operating margin -€18,824
down €18,824 (-24.9%), from €75,645 to €56,821
- Taxes -€3,605
down €3,605 (-23.6%), from €15,272 to €11,667
- Depreciation -€771
down €771 (-28.4%), from €2,716 to €1,944
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 | €66,109 | €110,227 | +€44,118 | +66.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €6,868 | €4,924 | -€1,944 | -28.3% |
| Tangible fixed assets | 22/27 | €6,868 | €4,924 | -€1,944 | -28.3% |
| Furniture and vehicles | 24 | €6,868 | €4,924 | -€1,944 | -28.3% |
| Current assets | 29/58 | €59,241 | €105,304 | +€46,063 | +77.8% |
| Cash at bank and in hand | 54/58 | €59,046 | €105,093 | +€46,047 | +78.0% |
| Deferred charges and accrued income | 490/1 | €195 | €211 | +€16 | +8.2% |
| Total equity and liabilities | 10/49 | €66,109 | €110,227 | +€44,118 | +66.7% |
| Equity | 10/15 | €60,078 | €103,098 | +€43,021 | +71.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,578 | €100,598 | +€43,021 | +74.7% |
| Amounts payable | 17/49 | €6,031 | €7,129 | +€1,098 | +18.2% |
| Amounts payable within one year | 42/48 | €6,031 | €7,129 | +€1,098 | +18.2% |
| Trade debts | 44 | €759 | €462 | -€297 | -39.1% |
| Suppliers | 440/4 | €759 | €462 | -€297 | -39.1% |
| Taxes, remuneration and social security | 45 | €5,272 | €6,667 | +€1,395 | +26.5% |
| Taxes | 450/3 | €5,272 | €6,667 | +€1,395 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,716 | €1,944 | -€771 | -28.4% |
| Gross operating margin | 9900 | €75,645 | €56,821 | -€18,824 | -24.9% |
| Operating profit (loss) | 9901 | €72,930 | €54,877 | -€18,053 | -24.8% |
| Financial income | 75/76B | €26 | €1 | -€26 | -98.1% |
| Recurring financial income | 75 | €26 | €1 | -€26 | -98.1% |
| Financial charges | 65/66B | €106 | €190 | +€84 | +79.4% |
| Recurring financial charges | 65 | €106 | €190 | +€84 | +79.4% |
| Profit (loss) for the period before taxes | 9903 | €72,850 | €54,687 | -€18,162 | -24.9% |
| Income taxes | 67/77 | €15,272 | €11,667 | -€3,605 | -23.6% |
| Profit (loss) for the period | 9904 | €57,578 | €43,021 | -€14,557 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €57,578 | €43,021 | -€14,557 | -25.3% |
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 20 October 2026 via checked.be.