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.
KiNi MaNa
Largest movements
- Cash -€8,779
down €8,779 (-26.3%), from €33,393 to €24,614
mainly Net result for the year (-€14,193) and Tax, wage and social debts (-€9,207)
- Deferred charges and accrued income -€6,906
down €6,906 (-99.9%), from €6,913 to €7
- Receivables within one year -€3,065
down €3,065 (-59.3%), from €5,171 to €2,106
of which Other amounts receivable: -€4,811
- Profit (loss) carried forward -€14,193
down €14,193 (-49.9%), from €28,461 to €14,268
- Tax, wage and social debts -€9,207
down €9,207 (-66.9%), from €13,759 to €4,553
of which Taxes: -€7,207
- Trade debts +€1,956
up €1,956 (+356.7%), from €548 to €2,504
- Other debts +€1,479
new in 2025: €1,479
- Accrued charges and deferred income +€1,042
new in 2025: €1,042
- Gross operating margin -€49,659
down €49,659, from €36,244 to -€13,415
- Taxes -€6,563
down €6,563 (-93.8%), from €7,000 to €437
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 | €45,768 | €26,845 | -€18,924 | -41.3% |
| Fixed assets | 21/28 | €292 | €118 | -€174 | -59.5% |
| Tangible fixed assets | 22/27 | €292 | €118 | -€174 | -59.5% |
| Furniture and vehicles | 24 | €292 | €118 | -€174 | -59.5% |
| Current assets | 29/58 | €45,477 | €26,727 | -€18,750 | -41.2% |
| Amounts receivable within one year | 40/41 | €5,171 | €2,106 | -€3,065 | -59.3% |
| Trade receivables | 40 | - | €1,745 | +€1,745 | |
| Other amounts receivable | 41 | €5,171 | €360 | -€4,811 | -93.0% |
| Cash at bank and in hand | 54/58 | €33,393 | €24,614 | -€8,779 | -26.3% |
| Deferred charges and accrued income | 490/1 | €6,913 | €7 | -€6,906 | -99.9% |
| Total equity and liabilities | 10/49 | €45,768 | €26,845 | -€18,924 | -41.3% |
| Equity | 10/15 | €31,461 | €17,268 | -€14,193 | -45.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,461 | €14,268 | -€14,193 | -49.9% |
| Amounts payable | 17/49 | €14,308 | €9,577 | -€4,731 | -33.1% |
| Amounts payable within one year | 42/48 | €14,308 | €8,535 | -€5,773 | -40.3% |
| Trade debts | 44 | €548 | €2,504 | +€1,956 | +356.7% |
| Suppliers | 440/4 | €548 | €2,504 | +€1,956 | +356.7% |
| Taxes, remuneration and social security | 45 | €13,759 | €4,553 | -€9,207 | -66.9% |
| Taxes | 450/3 | €11,759 | €4,553 | -€7,207 | -61.3% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | - | €1,479 | +€1,479 | |
| Accrued charges and deferred income | 492/3 | - | €1,042 | +€1,042 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €229 | €174 | -€56 | -24.2% |
| Other operating charges | 640/8 | €236 | - | -€236 | |
| Gross operating margin | 9900 | €36,244 | -€13,415 | -€49,659 | |
| Operating profit (loss) | 9901 | €35,779 | -€13,589 | -€49,368 | |
| Financial income | 75/76B | €3 | €65 | +€61 | +1759.7% |
| Recurring financial income | 75 | €3 | €65 | +€61 | +1759.7% |
| Financial charges | 65/66B | €321 | €231 | -€91 | -28.2% |
| Recurring financial charges | 65 | €321 | €231 | -€91 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €35,461 | -€13,755 | -€49,216 | |
| Income taxes | 67/77 | €7,000 | €437 | -€6,563 | -93.8% |
| Profit (loss) for the period | 9904 | €28,461 | -€14,193 | -€42,653 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,461 | -€14,193 | -€42,653 |
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 26 September 2026 via checked.be.