VN KINE: what changed
VN KINE
Largest movements
- Cash +€38,621
up €38,621 (+291%), from €13,269 to €51,890
mainly Receivables within one year (+€27,428) and Depreciation (+€10,605)
- Receivables within one year -€27,428
down €27,428 (-91.6%), from €29,950 to €2,522
of which Trade receivables: -€29,475
- Intangible fixed assets -€8,000
down €8,000 (-10.5%), from €75,978 to €67,978
- Tangible fixed assets +€7,313
up €7,313 (+107%), from €6,857 to €14,170
of which Plant, machinery and equipment: +€7,117
- Profit (loss) carried forward +€9,686
up €9,686 (+43.2%), from €22,431 to €32,117
- Other debts +€1,987
up €1,987 (+2.3%), from €85,900 to €87,887
- Gross operating margin -€9,394
down €9,394 (-28.2%), from €33,339 to €23,946
- Depreciation +€5,828
up €5,828 (+122%), from €4,777 to €10,605
- Taxes -€2,789
down €2,789 (-48.6%), from €5,743 to €2,954
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 | €126,055 | €136,561 | +€10,506 | +8.3% |
| Fixed assets | 21/28 | €82,835 | €82,148 | -€687 | -0.8% |
| Intangible fixed assets | 21 | €75,978 | €67,978 | -€8,000 | -10.5% |
| Tangible fixed assets | 22/27 | €6,857 | €14,170 | +€7,313 | +107% |
| Land and buildings | 22 | €2,360 | €1,489 | -€871 | -36.9% |
| Plant, machinery and equipment | 23 | €4,497 | €11,614 | +€7,117 | +158% |
| Furniture and vehicles | 24 | - | €1,067 | +€1,067 | |
| Current assets | 29/58 | €43,220 | €54,412 | +€11,193 | +25.9% |
| Amounts receivable within one year | 40/41 | €29,950 | €2,522 | -€27,428 | -91.6% |
| Trade receivables | 40 | €29,950 | €475 | -€29,475 | -98.4% |
| Other amounts receivable | 41 | - | €2,046 | +€2,046 | |
| Cash at bank and in hand | 54/58 | €13,269 | €51,890 | +€38,621 | +291% |
| Total equity and liabilities | 10/49 | €126,055 | €136,561 | +€10,506 | +8.3% |
| Equity | 10/15 | €28,431 | €38,117 | +€9,686 | +34.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,431 | €32,117 | +€9,686 | +43.2% |
| Amounts payable | 17/49 | €97,624 | €98,443 | +€819 | +0.8% |
| Amounts payable within one year | 42/48 | €97,624 | €98,443 | +€819 | +0.8% |
| Trade debts | 44 | €1,508 | €286 | -€1,222 | -81.0% |
| Suppliers | 440/4 | €1,508 | €286 | -€1,222 | -81.0% |
| Taxes, remuneration and social security | 45 | €10,216 | €10,270 | +€54 | +0.5% |
| Taxes | 450/3 | €7,416 | €7,470 | +€54 | +0.7% |
| Remuneration and social security | 454/9 | €2,800 | €2,800 | = | 0.0% |
| Other amounts payable | 47/48 | €85,900 | €87,887 | +€1,987 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,777 | €10,605 | +€5,828 | +122% |
| Other operating charges | 640/8 | €387 | €685 | +€298 | +76.9% |
| Gross operating margin | 9900 | €33,339 | €23,946 | -€9,394 | -28.2% |
| Operating profit (loss) | 9901 | €28,175 | €12,655 | -€15,520 | -55.1% |
| Financial charges | 65/66B | €1 | €15 | +€14 | +1,135% |
| Recurring financial charges | 65 | €1 | €15 | +€14 | +1,135% |
| Profit (loss) for the period before taxes | 9903 | €28,174 | €12,640 | -€15,534 | -55.1% |
| Income taxes | 67/77 | €5,743 | €2,954 | -€2,789 | -48.6% |
| Profit (loss) for the period | 9904 | €22,431 | €9,686 | -€12,745 | -56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,431 | €9,686 | -€12,745 | -56.8% |
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 2 November 2026 via checked.be.