VP KINE: 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.
VP KINE
Largest movements
- Intangible fixed assets -€16,000
down €16,000 (-12.1%), from €132,000 to €116,000
- Tangible fixed assets -€14,293
down €14,293 (-26.3%), from €54,349 to €40,056
of which Furniture and vehicles: -€10,960
- Deferred charges and accrued income -€3,669
down €3,669 (-31.9%), from €11,492 to €7,823
- Profit (loss) carried forward -€19,232
down €19,232 (-122.6%), from -€15,690 to -€34,922
- Debts after one year -€13,495
down €13,495 (-33.7%), from €39,992 to €26,497
- Purchases and services +€15,201
up €15,201 (+36.2%), from €41,989 to €57,190
- Turnover +€13,659
up €13,659 (+18.8%), from €72,666 to €86,325
- Gross operating margin -€1,813
down €1,813 (-5.9%), from €30,948 to €29,135
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.
Cash bridge derived
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 | €203,970 | €171,147 | -€32,823 | -16.1% |
| Formation expenses | 20 | €1,190 | €866 | -€324 | -27.2% |
| Fixed assets | 21/28 | €186,349 | €156,056 | -€30,293 | -16.3% |
| Intangible fixed assets | 21 | €132,000 | €116,000 | -€16,000 | -12.1% |
| Tangible fixed assets | 22/27 | €54,349 | €40,056 | -€14,293 | -26.3% |
| Plant, machinery and equipment | 23 | €4,167 | €834 | -€3,333 | -80.0% |
| Furniture and vehicles | 24 | €50,182 | €39,222 | -€10,960 | -21.8% |
| Current assets | 29/58 | €16,431 | €14,225 | -€2,206 | -13.4% |
| Cash at bank and in hand | 54/58 | €4,939 | €6,402 | +€1,463 | +29.6% |
| Deferred charges and accrued income | 490/1 | €11,492 | €7,823 | -€3,669 | -31.9% |
| Total equity and liabilities | 10/49 | €203,970 | €171,147 | -€32,823 | -16.1% |
| Equity | 10/15 | -€12,690 | -€31,922 | -€19,232 | -151.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,690 | -€34,922 | -€19,232 | -122.6% |
| Amounts payable | 17/49 | €216,660 | €203,070 | -€13,591 | -6.3% |
| Amounts payable after more than one year | 17 | €39,992 | €26,497 | -€13,495 | -33.7% |
| Financial debts | 170/4 | €39,992 | €26,497 | -€13,495 | -33.7% |
| Amounts payable within one year | 42/48 | €176,668 | €176,572 | -€96 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €12,859 | €13,495 | +€636 | +4.9% |
| Taxes, remuneration and social security | 45 | €3,665 | €3,606 | -€59 | -1.6% |
| Taxes | 450/3 | €3,665 | €3,606 | -€59 | -1.6% |
| Other amounts payable | 47/48 | €160,144 | €159,471 | -€673 | -0.4% |
| Turnover | 70 | €72,666 | €86,325 | +€13,659 | +18.8% |
| Non-recurring operating income | 76A | €271 | - | -€271 | |
| Goods, raw materials, services and sundry goods | 60/61 | €41,989 | €57,190 | +€15,201 | +36.2% |
| Remuneration, social security and pensions | 62 | - | €275 | +€275 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,147 | €33,167 | +€20 | +0.1% |
| Other operating charges | 640/8 | €466 | €852 | +€386 | +82.9% |
| Gross operating margin | 9900 | €30,948 | €29,135 | -€1,813 | -5.9% |
| Operating profit (loss) | 9901 | -€2,665 | -€5,158 | -€2,493 | -93.5% |
| Financial charges | 65/66B | €11,018 | €10,468 | -€550 | -5.0% |
| Recurring financial charges | 65 | €11,018 | €10,410 | -€608 | -5.5% |
| Non-recurring financial charges | 66B | - | €58 | +€58 | |
| Profit (loss) for the period before taxes | 9903 | -€13,683 | -€15,626 | -€1,943 | -14.2% |
| Income taxes | 67/77 | €3,665 | €3,606 | -€59 | -1.6% |
| Profit (loss) for the period | 9904 | -€17,349 | -€19,232 | -€1,883 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,349 | -€19,232 | -€1,883 | -10.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.