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VB Kiné: 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.

What changed

VB Kiné

BE 0769.837.530
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€19,050
2024 · €4,676-€23,726
Equity
€16,888
2024 · €50,937-€34,050
Cash
€377
2024 · €10,020-€9,643
Balance sheet total
€36,261
2024 · €52,935-€16,674

Largest movements

2024 to 2025
Assets
  • Cash -€9,643

    down €9,643 (-96.2%), from €10,020 to €377

    mainly Net result for the year (-€19,050) and Contributions, distributions and other (-€15,000)

  • Receivables within one year -€6,495

    down €6,495 (-16.4%), from €39,560 to €33,065

    of which Other amounts receivable: -€3,562

Equity and liabilities
  • Reserves -€34,000

    down €34,000 (-74.7%), from €45,500 to €11,500

  • Other debts +€15,000

    new in 2025: €15,000

  • Trade debts +€2,134

    up €2,134 (+107.6%), from €1,984 to €4,118

Income statement
  • Gross operating margin -€25,460

    down €25,460, from €10,244 to -€15,216

  • Taxes -€2,181

    down €2,181 (-90.0%), from €2,424 to €242

  • Other operating charges +€933

    up €933 (+66.6%), from €1,401 to €2,334

  • Financial income +€408

    up €408 (+368.6%), from €111 to €519

  • Depreciation -€363

    down €363 (-41.3%), from €880 to €516

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €4,676
Gross operating margin -€25,460
Depreciation +€363
Other operating charges -€933
Financial income +€408
Financial charges -€285
Taxes +€2,181
Result 2025 -€19,050

Cash bridge derived

cash 2024 to 2025

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.

From operations +€5,357
Investment €0
Financing -€15,000
Cash 2024 €10,020
Net result for the year -€19,050
Depreciation +€516
Receivables within one year +€6,495
Smaller working-capital items +€18
Trade debts +€2,134
Tax, wage and social debts +€242
Other debts +€15,000
Contributions, distributions and other -€15,000
Cash 2025 €377
Every line side by side 36 lines
Line Code 2024 2025 Change %
Total assets 20/58 €52,935 €36,261 -€16,674 -31.5%
Fixed assets 21/28 €1,071 €555 -€516 -48.2%
Tangible fixed assets 22/27 €1,071 €555 -€516 -48.2%
Furniture and vehicles 24 €1,071 €555 -€516 -48.2%
Current assets 29/58 €51,864 €35,707 -€16,158 -31.2%
Amounts receivable within one year 40/41 €39,560 €33,065 -€6,495 -16.4%
Trade receivables 40 €32,695 €29,763 -€2,933 -9.0%
Other amounts receivable 41 €6,865 €3,303 -€3,562 -51.9%
Cash at bank and in hand 54/58 €10,020 €377 -€9,643 -96.2%
Deferred charges and accrued income 490/1 €2,284 €2,264 -€20 -0.9%
Total equity and liabilities 10/49 €52,935 €36,261 -€16,674 -31.5%
Equity 10/15 €50,937 €16,888 -€34,050 -66.8%
Contributions 10/11 €5,000 €5,000 = 0.0%
Reserves 13 €45,500 €11,500 -€34,000 -74.7%
Distributable reserves 133 €45,500 €11,500 -€34,000 -74.7%
Profit (loss) carried forward 14 €437 €388 -€50 -11.4%
Amounts payable 17/49 €1,998 €19,374 +€17,375 +869.6%
Amounts payable within one year 42/48 €1,984 €19,361 +€17,377 +875.9%
Trade debts 44 €1,984 €4,118 +€2,134 +107.6%
Suppliers 440/4 €1,984 €4,118 +€2,134 +107.6%
Taxes, remuneration and social security 45 €0 €242 +€242
Taxes 450/3 €0 €242 +€242
Other amounts payable 47/48 - €15,000 +€15,000
Accrued charges and deferred income 492/3 €14 €13 -€1 -10.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €880 €516 -€363 -41.3%
Other operating charges 640/8 €1,401 €2,334 +€933 +66.6%
Gross operating margin 9900 €10,244 -€15,216 -€25,460
Operating profit (loss) 9901 €7,964 -€18,066 -€26,030
Financial income 75/76B €111 €519 +€408 +368.6%
Recurring financial income 75 €111 €519 +€408 +368.6%
Financial charges 65/66B €974 €1,259 +€285 +29.3%
Recurring financial charges 65 €974 €1,259 +€285 +29.3%
Profit (loss) for the period before taxes 9903 €7,100 -€18,807 -€25,907
Income taxes 67/77 €2,424 €242 -€2,181 -90.0%
Profit (loss) for the period 9904 €4,676 -€19,050 -€23,726
Profit (loss) for the period to be appropriated 9905 €4,676 -€19,050 -€23,726

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 30 September 2026 via checked.be.