R.D. KINE: what changed
R.D. KINE
Largest movements
- Tangible fixed assets -€18,967
down €18,967 (-43.2%), from €43,911 to €24,944
of which Furniture and vehicles: -€18,172
- Cash -€9,765
down €9,765 (-66.5%), from €14,685 to €4,919
mainly Debts after one year (-€15,552) and Net result for the year (-€6,480)
- Deferred charges and accrued income +€1,676
up €1,676 (+9.4%), from €17,923 to €19,599
- Debts after one year -€15,552
no longer reported in 2025 (was €15,552)
- Profit (loss) carried forward -€6,480
down €6,480 (-70.1%), from €9,249 to €2,769
- Other debts -€2,293
down €2,293 (-15.2%), from €15,078 to €12,785
- Tax, wage and social debts -€2,000
down €2,000 (-41.7%), from €4,800 to €2,800
of which Remuneration and social security: -€2,000
- Trade debts -€1,982
down €1,982 (-49.8%), from €3,980 to €1,998
- Gross operating margin -€14,309
down €14,309 (-49.1%), from €29,159 to €14,851
- Taxes +€1,349
up €1,349, from -€341 to €1,008
- Depreciation +€1,091
up €1,091 (+6.1%), from €17,876 to €18,967
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,555 | €49,463 | -€27,092 | -35.4% |
| Fixed assets | 21/28 | €43,911 | €24,944 | -€18,967 | -43.2% |
| Tangible fixed assets | 22/27 | €43,911 | €24,944 | -€18,967 | -43.2% |
| Plant, machinery and equipment | 23 | €4,951 | €4,156 | -€795 | -16.1% |
| Furniture and vehicles | 24 | €38,960 | €20,788 | -€18,172 | -46.6% |
| Current assets | 29/58 | €32,644 | €24,519 | -€8,125 | -24.9% |
| Amounts receivable within one year | 40/41 | €36 | - | -€36 | |
| Trade receivables | 40 | €36 | - | -€36 | |
| Cash at bank and in hand | 54/58 | €14,685 | €4,919 | -€9,765 | -66.5% |
| Deferred charges and accrued income | 490/1 | €17,923 | €19,599 | +€1,676 | +9.4% |
| Total equity and liabilities | 10/49 | €76,555 | €49,463 | -€27,092 | -35.4% |
| Equity | 10/15 | €22,249 | €15,769 | -€6,480 | -29.1% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Contributions outside capital | 11 | €13,000 | - | -€13,000 | |
| Other | 1109/19 | €13,000 | - | -€13,000 | |
| Profit (loss) carried forward | 14 | €9,249 | €2,769 | -€6,480 | -70.1% |
| Amounts payable | 17/49 | €54,306 | €33,694 | -€20,612 | -38.0% |
| Amounts payable after more than one year | 17 | €15,552 | - | -€15,552 | |
| Financial debts | 170/4 | €15,552 | - | -€15,552 | |
| Amounts payable within one year | 42/48 | €38,754 | €33,694 | -€5,060 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €14,896 | €16,111 | +€1,215 | +8.2% |
| Trade debts | 44 | €3,980 | €1,998 | -€1,982 | -49.8% |
| Suppliers | 440/4 | €3,980 | €1,998 | -€1,982 | -49.8% |
| Taxes, remuneration and social security | 45 | €4,800 | €2,800 | -€2,000 | -41.7% |
| Taxes | 450/3 | €2,800 | €2,800 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €15,078 | €12,785 | -€2,293 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,876 | €18,967 | +€1,091 | +6.1% |
| Other operating charges | 640/8 | €283 | €364 | +€81 | +28.6% |
| Gross operating margin | 9900 | €29,159 | €14,851 | -€14,309 | -49.1% |
| Operating profit (loss) | 9901 | €11,000 | -€4,480 | -€15,480 | |
| Financial income | 75/76B | €34 | €66 | +€31 | +90.6% |
| Recurring financial income | 75 | €34 | €66 | +€31 | +90.6% |
| Financial charges | 65/66B | €1,048 | €1,056 | +€8 | +0.8% |
| Recurring financial charges | 65 | €1,048 | €1,056 | +€8 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €9,986 | -€5,471 | -€15,457 | |
| Income taxes | 67/77 | -€341 | €1,008 | +€1,349 | |
| Profit (loss) for the period | 9904 | €10,327 | -€6,480 | -€16,806 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,327 | -€6,480 | -€16,806 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.