VE 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.
VE KINE
Largest movements
- Tangible fixed assets +€55,251
up €55,251 (+2,279%), from €2,425 to €57,676
of which Leasing and similar rights: +€57,676
- Intangible fixed assets -€13,977
down €13,977 (-30.8%), from €45,426 to €31,448
- Cash +€2,925
up €2,925 (+137%), from €2,140 to €5,065
mainly Debts after one year (+€58,509) and Depreciation (+€21,054)
- Debts after one year +€58,509
new in 2025: €58,509
- Other debts -€9,090
down €9,090 (-30.3%), from €30,000 to €20,910
- Tax, wage and social debts -€7,104
down €7,104 (-71.3%), from €9,968 to €2,864
- Trade debts +€4,532
up €4,532 (+1,396%), from €325 to €4,857
- Profit (loss) carried forward -€2,779
down €2,779, from €869 to -€1,911
- Gross operating margin -€35,537
down €35,537 (-54.6%), from €65,137 to €29,600
- Taxes -€10,657
down €10,657 (-98.7%), from €10,792 to €135
- Depreciation +€5,779
up €5,779 (+37.8%), from €15,275 to €21,054
- Other operating charges +€3,577
up €3,577 (+480%), from €746 to €4,323
- Financial charges +€3,072
up €3,072 (+222%), from €1,386 to €4,458
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 | €53,177 | €97,229 | +€44,052 | +82.8% |
| Fixed assets | 21/28 | €47,850 | €89,125 | +€41,274 | +86.3% |
| Intangible fixed assets | 21 | €45,426 | €31,448 | -€13,977 | -30.8% |
| Tangible fixed assets | 22/27 | €2,425 | €57,676 | +€55,251 | +2,279% |
| Furniture and vehicles | 24 | €2,425 | - | -€2,425 | |
| Leasing and similar rights | 25 | - | €57,676 | +€57,676 | |
| Current assets | 29/58 | €5,326 | €8,105 | +€2,778 | +52.2% |
| Amounts receivable within one year | 40/41 | €3,187 | €3,040 | -€147 | -4.6% |
| Trade receivables | 40 | €3,187 | €175 | -€3,012 | -94.5% |
| Other amounts receivable | 41 | - | €2,865 | +€2,865 | |
| Cash at bank and in hand | 54/58 | €2,140 | €5,065 | +€2,925 | +137% |
| Total equity and liabilities | 10/49 | €53,177 | €97,229 | +€44,052 | +82.8% |
| Equity | 10/15 | €12,869 | €10,089 | -€2,779 | -21.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €869 | -€1,911 | -€2,779 | |
| Amounts payable | 17/49 | €40,308 | €87,140 | +€46,832 | +116% |
| Amounts payable after more than one year | 17 | - | €58,509 | +€58,509 | |
| Financial debts | 170/4 | - | €58,509 | +€58,509 | |
| Amounts payable within one year | 42/48 | €40,308 | €28,631 | -€11,678 | -29.0% |
| Current portion of amounts payable after more than one year | 42 | €16 | - | -€16 | |
| Trade debts | 44 | €325 | €4,857 | +€4,532 | +1,396% |
| Suppliers | 440/4 | €325 | €4,857 | +€4,532 | +1,396% |
| Taxes, remuneration and social security | 45 | €9,968 | €2,864 | -€7,104 | -71.3% |
| Taxes | 450/3 | €9,968 | €2,864 | -€7,104 | -71.3% |
| Other amounts payable | 47/48 | €30,000 | €20,910 | -€9,090 | -30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,275 | €21,054 | +€5,779 | +37.8% |
| Other operating charges | 640/8 | €746 | €4,323 | +€3,577 | +480% |
| Non-recurring operating charges | 66A | - | €2,425 | +€2,425 | |
| Gross operating margin | 9900 | €65,137 | €29,600 | -€35,537 | -54.6% |
| Operating profit (loss) | 9901 | €49,116 | €1,798 | -€47,318 | -96.3% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €1,386 | €4,458 | +€3,072 | +222% |
| Recurring financial charges | 65 | €1,386 | €4,458 | +€3,072 | +222% |
| Profit (loss) for the period before taxes | 9903 | €47,730 | -€2,645 | -€50,374 | |
| Income taxes | 67/77 | €10,792 | €135 | -€10,657 | -98.7% |
| Profit (loss) for the period | 9904 | €36,938 | -€2,779 | -€39,718 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,938 | -€2,779 | -€39,718 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.