THEMA 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.
THEMA KINE
Largest movements
- Cash -€28,263
down €28,263 (-41.7%), from €67,818 to €39,555
mainly Trade debts (-€24,531) and Contributions, distributions and other (-€8,000)
- Tangible fixed assets -€2,620
down €2,620 (-10.8%), from €24,353 to €21,733
- Receivables within one year +€2,502
up €2,502 (+721%), from €347 to €2,849
- Deferred charges and accrued income +€1,964
up €1,964 (+204%), from €961 to €2,925
- Trade debts -€24,531
down €24,531 (-97.8%), from €25,088 to €557
- Other debts +€4,551
up €4,551 (+15.9%), from €28,630 to €33,182
- Reserves -€4,338
down €4,338 (-13.3%), from €32,708 to €28,370
- Tax, wage and social debts -€2,099
down €2,099 (-46.1%), from €4,553 to €2,454
of which Taxes: -€2,114
- Taxes -€2,155
down €2,155 (-81.2%), from €2,653 to €498
- Depreciation +€1,157
up €1,157 (+79.1%), from €1,463 to €2,620
- Gross operating margin -€1,135
down €1,135 (-11.0%), from €10,341 to €9,206
- Financial charges -€307
down €307 (-17.4%), from €1,770 to €1,463
- Other operating charges +€226
up €226 (+30.7%), from €737 to €963
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 | €93,504 | €67,087 | -€26,417 | -28.3% |
| Fixed assets | 21/28 | €24,378 | €21,758 | -€2,620 | -10.7% |
| Tangible fixed assets | 22/27 | €24,353 | €21,733 | -€2,620 | -10.8% |
| Other tangible fixed assets | 26 | €24,353 | €21,733 | -€2,620 | -10.8% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €69,125 | €45,329 | -€23,797 | -34.4% |
| Amounts receivable within one year | 40/41 | €347 | €2,849 | +€2,502 | +721% |
| Other amounts receivable | 41 | €347 | €2,849 | +€2,502 | +721% |
| Cash at bank and in hand | 54/58 | €67,818 | €39,555 | -€28,263 | -41.7% |
| Deferred charges and accrued income | 490/1 | €961 | €2,925 | +€1,964 | +204% |
| Total equity and liabilities | 10/49 | €93,504 | €67,087 | -€26,417 | -28.3% |
| Equity | 10/15 | €35,208 | €30,870 | -€4,338 | -12.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €32,708 | €28,370 | -€4,338 | -13.3% |
| Distributable reserves | 133 | €32,708 | €28,370 | -€4,338 | -13.3% |
| Amounts payable | 17/49 | €58,296 | €36,217 | -€22,079 | -37.9% |
| Amounts payable within one year | 42/48 | €58,271 | €36,192 | -€22,079 | -37.9% |
| Trade debts | 44 | €25,088 | €557 | -€24,531 | -97.8% |
| Suppliers | 440/4 | €25,088 | €557 | -€24,531 | -97.8% |
| Taxes, remuneration and social security | 45 | €4,553 | €2,454 | -€2,099 | -46.1% |
| Taxes | 450/3 | €2,514 | €400 | -€2,114 | -84.1% |
| Remuneration and social security | 454/9 | €2,039 | €2,054 | +€15 | +0.7% |
| Other amounts payable | 47/48 | €28,630 | €33,182 | +€4,551 | +15.9% |
| Accrued charges and deferred income | 492/3 | €25 | €25 | +€0 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,463 | €2,620 | +€1,157 | +79.1% |
| Other operating charges | 640/8 | €737 | €963 | +€226 | +30.7% |
| Gross operating margin | 9900 | €10,341 | €9,206 | -€1,135 | -11.0% |
| Operating profit (loss) | 9901 | €8,141 | €5,623 | -€2,518 | -30.9% |
| Financial charges | 65/66B | €1,770 | €1,463 | -€307 | -17.4% |
| Recurring financial charges | 65 | €1,770 | €1,463 | -€307 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €6,371 | €4,160 | -€2,211 | -34.7% |
| Income taxes | 67/77 | €2,653 | €498 | -€2,155 | -81.2% |
| Profit (loss) for the period | 9904 | €3,718 | €3,662 | -€56 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,718 | €3,662 | -€56 | -1.5% |
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 29 October 2026 via checked.be.