RM KINE: what changed
Two fiscal 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.
RM KINE
Largest movements
- Cash +€11,084
up €11,084 (+87.2%), from €12,718 to €23,802
mainly Net result for the year (+€22,122) and Depreciation (+€12,042)
- Tangible fixed assets -€9,048
down €9,048 (-8.5%), from €106,203 to €97,155
of which Land and buildings: -€8,938
- Receivables within one year +€5,515
up €5,515 (+116.6%), from €4,728 to €10,243
- Deferred charges and accrued income +€2,896
up €2,896 (+129.2%), from €2,242 to €5,138
- Tax, wage and social debts +€8,508
up €8,508 (+83.6%), from €10,182 to €18,690
of which Taxes: +€6,208
- Other debts +€7,900
up €7,900 (+92.9%), from €8,500 to €16,400
- Debts after one year -€5,401
down €5,401 (-8.1%), from €66,280 to €60,879
- Reserves +€2,122
up €2,122 (+7.4%), from €28,857 to €30,979
- Trade debts -€2,024
down €2,024 (-64.0%), from €3,163 to €1,139
- Gross operating margin +€10,013
up €10,013 (+31.4%), from €31,899 to €41,912
- Taxes +€2,924
up €2,924 (+85.2%), from €3,433 to €6,357
- Other operating charges -€1,830
down €1,830 (-92.1%), from €1,986 to €156
- Depreciation -€1,752
down €1,752 (-12.7%), from €13,794 to €12,042
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.
Cash bridge derived
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 | €126,043 | €136,488 | +€10,445 | +8.3% |
| Formation expenses | 20 | €2 | - | -€2 | |
| Fixed assets | 21/28 | €106,353 | €97,305 | -€9,048 | -8.5% |
| Tangible fixed assets | 22/27 | €106,203 | €97,155 | -€9,048 | -8.5% |
| Land and buildings | 22 | €103,617 | €94,679 | -€8,938 | -8.6% |
| Plant, machinery and equipment | 23 | €1,565 | €1,049 | -€516 | -33.0% |
| Furniture and vehicles | 24 | €606 | €1,427 | +€821 | +135.5% |
| Leasing and similar rights | 25 | €415 | - | -€415 | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €19,688 | €39,183 | +€19,495 | +99.0% |
| Amounts receivable within one year | 40/41 | €4,728 | €10,243 | +€5,515 | +116.6% |
| Other amounts receivable | 41 | €4,728 | €10,243 | +€5,515 | +116.6% |
| Cash at bank and in hand | 54/58 | €12,718 | €23,802 | +€11,084 | +87.2% |
| Deferred charges and accrued income | 490/1 | €2,242 | €5,138 | +€2,896 | +129.2% |
| Total equity and liabilities | 10/49 | €126,043 | €136,488 | +€10,445 | +8.3% |
| Equity | 10/15 | €31,857 | €33,979 | +€2,122 | +6.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €28,857 | €30,979 | +€2,122 | +7.4% |
| Distributable reserves | 133 | €28,857 | €30,979 | +€2,122 | +7.4% |
| Amounts payable | 17/49 | €94,186 | €102,509 | +€8,323 | +8.8% |
| Amounts payable after more than one year | 17 | €66,280 | €60,879 | -€5,401 | -8.1% |
| Financial debts | 170/4 | €66,280 | €60,879 | -€5,401 | -8.1% |
| Amounts payable within one year | 42/48 | €27,906 | €41,630 | +€13,724 | +49.2% |
| Current portion of amounts payable after more than one year | 42 | €6,061 | €5,401 | -€660 | -10.9% |
| Trade debts | 44 | €3,163 | €1,139 | -€2,024 | -64.0% |
| Suppliers | 440/4 | €3,163 | €1,139 | -€2,024 | -64.0% |
| Taxes, remuneration and social security | 45 | €10,182 | €18,690 | +€8,508 | +83.6% |
| Taxes | 450/3 | €10,182 | €16,390 | +€6,208 | +61.0% |
| Remuneration and social security | 454/9 | - | €2,300 | +€2,300 | |
| Other amounts payable | 47/48 | €8,500 | €16,400 | +€7,900 | +92.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,794 | €12,042 | -€1,752 | -12.7% |
| Other operating charges | 640/8 | €1,986 | €156 | -€1,830 | -92.1% |
| Gross operating margin | 9900 | €31,899 | €41,912 | +€10,013 | +31.4% |
| Operating profit (loss) | 9901 | €16,119 | €29,714 | +€13,595 | +84.3% |
| Financial income | 75/76B | - | €406 | +€406 | |
| Recurring financial income | 75 | - | €406 | +€406 | |
| Financial charges | 65/66B | €1,485 | €1,641 | +€156 | +10.5% |
| Recurring financial charges | 65 | €1,485 | €1,641 | +€156 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | €14,634 | €28,479 | +€13,845 | +94.6% |
| Income taxes | 67/77 | €3,433 | €6,357 | +€2,924 | +85.2% |
| Profit (loss) for the period | 9904 | €11,201 | €22,122 | +€10,921 | +97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,201 | €22,122 | +€10,921 | +97.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.