SK KINE: what changed
SK KINE
Largest movements
- Cash +€42,602
up €42,602 (+37.4%), from €113,994 to €156,596
mainly Net result for the year (+€60,008) and Receivables within one year (+€19,257)
- Receivables within one year -€19,257
down €19,257 (-28.3%), from €67,991 to €48,733
of which Other amounts receivable: -€21,173
- Tangible fixed assets -€7,688
down €7,688 (-45.5%), from €16,890 to €9,202
of which Furniture and vehicles: -€5,981
- Deferred charges and accrued income -€6,769
down €6,769 (-18.7%), from €36,118 to €29,349
- Reserves +€7,636
up €7,636 (+2.2%), from €339,454 to €347,091
- Gross operating margin -€15,834
down €15,834 (-13.3%), from €118,915 to €103,081
- Other operating charges -€6,790
down €6,790 (-76.4%), from €8,886 to €2,096
- Taxes -€3,119
down €3,119 (-10.4%), from €30,043 to €26,924
- Financial charges +€2,853
up €2,853 (+56.0%), from €5,098 to €7,950
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 | €435,613 | €444,500 | +€8,888 | +2.0% |
| Fixed assets | 21/28 | €16,890 | €9,202 | -€7,688 | -45.5% |
| Tangible fixed assets | 22/27 | €16,890 | €9,202 | -€7,688 | -45.5% |
| Furniture and vehicles | 24 | €9,622 | €3,641 | -€5,981 | -62.2% |
| Other tangible fixed assets | 26 | €7,268 | €5,561 | -€1,707 | -23.5% |
| Current assets | 29/58 | €418,723 | €435,298 | +€16,575 | +4.0% |
| Stocks and contracts in progress | 3 | €620 | €620 | = | 0.0% |
| Stocks | 30/36 | €620 | €620 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €67,991 | €48,733 | -€19,257 | -28.3% |
| Trade receivables | 40 | €2,582 | €4,498 | +€1,916 | +74.2% |
| Other amounts receivable | 41 | €65,409 | €44,235 | -€21,173 | -32.4% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €113,994 | €156,596 | +€42,602 | +37.4% |
| Deferred charges and accrued income | 490/1 | €36,118 | €29,349 | -€6,769 | -18.7% |
| Total equity and liabilities | 10/49 | €435,613 | €444,500 | +€8,888 | +2.0% |
| Equity | 10/15 | €396,624 | €403,427 | +€6,803 | +1.7% |
| Contributions | 10/11 | €8,110 | €8,110 | = | 0.0% |
| Reserves | 13 | €339,454 | €347,091 | +€7,636 | +2.2% |
| Distributable reserves | 133 | €339,454 | €347,091 | +€7,636 | +2.2% |
| Profit (loss) carried forward | 14 | €49,059 | €48,226 | -€833 | -1.7% |
| Amounts payable | 17/49 | €38,989 | €41,074 | +€2,084 | +5.3% |
| Amounts payable within one year | 42/48 | €36,525 | €38,808 | +€2,283 | +6.3% |
| Trade debts | 44 | €731 | €71 | -€660 | -90.3% |
| Suppliers | 440/4 | €731 | €71 | -€660 | -90.3% |
| Taxes, remuneration and social security | 45 | €4,210 | €6,460 | +€2,250 | +53.4% |
| Taxes | 450/3 | €4,050 | €6,300 | +€2,250 | +55.6% |
| Remuneration and social security | 454/9 | €160 | €160 | = | 0.0% |
| Other amounts payable | 47/48 | €31,584 | €32,277 | +€693 | +2.2% |
| Accrued charges and deferred income | 492/3 | €2,464 | €2,266 | -€199 | -8.1% |
| Non-recurring operating income | 76A | €5,322 | - | -€5,322 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,514 | €7,900 | -€614 | -7.2% |
| Other operating charges | 640/8 | €8,886 | €2,096 | -€6,790 | -76.4% |
| Gross operating margin | 9900 | €118,915 | €103,081 | -€15,834 | -13.3% |
| Operating profit (loss) | 9901 | €101,515 | €93,086 | -€8,430 | -8.3% |
| Financial income | 75/76B | €2,211 | €1,796 | -€415 | -18.8% |
| Recurring financial income | 75 | €2,211 | €1,796 | -€415 | -18.8% |
| Financial charges | 65/66B | €5,098 | €7,950 | +€2,853 | +56.0% |
| Recurring financial charges | 65 | €5,098 | €7,950 | +€2,853 | +56.0% |
| Profit (loss) for the period before taxes | 9903 | €98,628 | €86,931 | -€11,697 | -11.9% |
| Income taxes | 67/77 | €30,043 | €26,924 | -€3,119 | -10.4% |
| Profit (loss) for the period | 9904 | €68,585 | €60,008 | -€8,577 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €68,585 | €60,008 | -€8,577 | -12.5% |
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 5 November 2026 via checked.be.