BEN KENIS: 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.
BEN KENIS
Largest movements
- Receivables within one year -€29,413
down €29,413 (-30.9%), from €95,170 to €65,756
of which Trade receivables: -€42,890
- Cash +€15,517
up €15,517 (+10.7%), from €144,561 to €160,078
mainly Receivables within one year (+€29,413) and Depreciation (+€20,815)
- Tangible fixed assets -€7,001
down €7,001 (-7.6%), from €92,251 to €85,249
of which Land and buildings: -€11,250
- Tax, wage and social debts -€9,908
down €9,908 (-78.9%), from €12,560 to €2,652
of which Taxes: -€9,932
- Trade debts -€7,779
down €7,779 (-14.2%), from €54,648 to €46,870
- Gross operating margin -€25,802
down €25,802 (-48.3%), from €53,421 to €27,619
- Taxes -€6,290
down €6,290 (-81.3%), from €7,735 to €1,444
- Other operating charges +€1,114
up €1,114 (+98.5%), from €1,132 to €2,246
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 | €346,898 | €328,431 | -€18,467 | -5.3% |
| Fixed assets | 21/28 | €92,251 | €85,249 | -€7,001 | -7.6% |
| Tangible fixed assets | 22/27 | €92,251 | €85,249 | -€7,001 | -7.6% |
| Land and buildings | 22 | €27,302 | €16,052 | -€11,250 | -41.2% |
| Plant, machinery and equipment | 23 | €6,551 | €17,412 | +€10,861 | +166% |
| Furniture and vehicles | 24 | €54,145 | €51,203 | -€2,942 | -5.4% |
| Other tangible fixed assets | 26 | €4,253 | €582 | -€3,671 | -86.3% |
| Current assets | 29/58 | €254,648 | €243,182 | -€11,466 | -4.5% |
| Stocks and contracts in progress | 3 | €10,000 | €12,350 | +€2,350 | +23.5% |
| Stocks | 30/36 | €10,000 | €12,350 | +€2,350 | +23.5% |
| Amounts receivable within one year | 40/41 | €95,170 | €65,756 | -€29,413 | -30.9% |
| Trade receivables | 40 | €95,170 | €52,280 | -€42,890 | -45.1% |
| Other amounts receivable | 41 | €0 | €13,476 | +€13,476 | |
| Cash at bank and in hand | 54/58 | €144,561 | €160,078 | +€15,517 | +10.7% |
| Deferred charges and accrued income | 490/1 | €4,917 | €4,997 | +€81 | +1.6% |
| Total equity and liabilities | 10/49 | €346,898 | €328,431 | -€18,467 | -5.3% |
| Equity | 10/15 | €234,046 | €235,974 | +€1,928 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €213,586 | €215,514 | +€1,928 | +0.9% |
| Amounts payable | 17/49 | €112,852 | €92,457 | -€20,395 | -18.1% |
| Amounts payable within one year | 42/48 | €112,852 | €92,457 | -€20,395 | -18.1% |
| Financial debts | 43 | €1,696 | €1,690 | -€6 | -0.4% |
| Credit institutions | 430/8 | €1,696 | €1,690 | -€6 | -0.4% |
| Trade debts | 44 | €54,648 | €46,870 | -€7,779 | -14.2% |
| Suppliers | 440/4 | €54,648 | €46,870 | -€7,779 | -14.2% |
| Taxes, remuneration and social security | 45 | €12,560 | €2,652 | -€9,908 | -78.9% |
| Taxes | 450/3 | €9,932 | €0 | -€9,932 | -100% |
| Remuneration and social security | 454/9 | €2,628 | €2,652 | +€24 | +0.9% |
| Other amounts payable | 47/48 | €43,947 | €41,245 | -€2,702 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,625 | €20,815 | +€190 | +0.9% |
| Other operating charges | 640/8 | €1,132 | €2,246 | +€1,114 | +98.5% |
| Gross operating margin | 9900 | €53,421 | €27,619 | -€25,802 | -48.3% |
| Operating profit (loss) | 9901 | €31,664 | €4,558 | -€27,106 | -85.6% |
| Financial income | 75/76B | €49 | €52 | +€2 | +4.2% |
| Recurring financial income | 75 | €49 | €52 | +€2 | +4.2% |
| Financial charges | 65/66B | €786 | €1,237 | +€450 | +57.3% |
| Recurring financial charges | 65 | €786 | €1,237 | +€450 | +57.3% |
| Profit (loss) for the period before taxes | 9903 | €30,927 | €3,372 | -€27,555 | -89.1% |
| Income taxes | 67/77 | €7,735 | €1,444 | -€6,290 | -81.3% |
| Profit (loss) for the period | 9904 | €23,192 | €1,928 | -€21,265 | -91.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,192 | €1,928 | -€21,265 | -91.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.