RG 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.
RG KINE
Largest movements
- Cash +€26,062
up €26,062 (+310%), from €8,397 to €34,459
mainly Net result for the year (+€20,385) and Deferred charges and accrued income (+€7,662)
- Deferred charges and accrued income -€7,662
down €7,662 (-84.8%), from €9,038 to €1,377
- Reserves +€20,385
up €20,385 (+1,372%), from €1,486 to €21,870
- Other debts -€8,642
down €8,642 (-99.8%), from €8,655 to €13
- Tax, wage and social debts +€6,610
up €6,610 (+152%), from €4,363 to €10,973
of which Taxes: +€6,610
- Gross operating margin +€22,168
up €22,168 (+319%), from €6,959 to €29,127
- Taxes +€4,137
up €4,137 (+167%), from €2,483 to €6,620
- Depreciation -€1,089
down €1,089 (-89.4%), from €1,218 to €129
- Financial charges +€351
up €351 (+25.3%), from €1,389 to €1,740
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 | €17,812 | €36,083 | +€18,271 | +103% |
| Fixed assets | 21/28 | €377 | €247 | -€129 | -34.4% |
| Tangible fixed assets | 22/27 | €377 | €247 | -€129 | -34.4% |
| Plant, machinery and equipment | 23 | €377 | €247 | -€129 | -34.4% |
| Current assets | 29/58 | €17,435 | €35,835 | +€18,400 | +106% |
| Cash at bank and in hand | 54/58 | €8,397 | €34,459 | +€26,062 | +310% |
| Deferred charges and accrued income | 490/1 | €9,038 | €1,377 | -€7,662 | -84.8% |
| Total equity and liabilities | 10/49 | €17,812 | €36,083 | +€18,271 | +103% |
| Equity | 10/15 | €4,486 | €24,870 | +€20,385 | +454% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €1,486 | €21,870 | +€20,385 | +1,372% |
| Distributable reserves | 133 | €1,486 | €21,870 | +€20,385 | +1,372% |
| Amounts payable | 17/49 | €13,326 | €11,212 | -€2,114 | -15.9% |
| Amounts payable within one year | 42/48 | €13,326 | €11,212 | -€2,114 | -15.9% |
| Trade debts | 44 | €308 | €226 | -€82 | -26.6% |
| Suppliers | 440/4 | €308 | €226 | -€82 | -26.6% |
| Taxes, remuneration and social security | 45 | €4,363 | €10,973 | +€6,610 | +152% |
| Taxes | 450/3 | €2,863 | €9,473 | +€6,610 | +231% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €8,655 | €13 | -€8,642 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,218 | €129 | -€1,089 | -89.4% |
| Other operating charges | 640/8 | €382 | €258 | -€124 | -32.4% |
| Gross operating margin | 9900 | €6,959 | €29,127 | +€22,168 | +319% |
| Operating profit (loss) | 9901 | €5,358 | €28,739 | +€23,381 | +436% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €1,389 | €1,740 | +€351 | +25.3% |
| Recurring financial charges | 65 | €1,389 | €1,740 | +€351 | +25.3% |
| Profit (loss) for the period before taxes | 9903 | €3,969 | €27,005 | +€23,036 | +580% |
| Income taxes | 67/77 | €2,483 | €6,620 | +€4,137 | +167% |
| Profit (loss) for the period | 9904 | €1,486 | €20,385 | +€18,899 | +1,272% |
| Profit (loss) for the period to be appropriated | 9905 | €1,486 | €20,385 | +€18,899 | +1,272% |
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.