Femke 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.
Femke Kenis
Largest movements
- Cash +€31,631
up €31,631 (+206%), from €15,332 to €46,963
mainly Net result for the year (+€29,850) and Tax, wage and social debts (+€8,146)
- Tangible fixed assets +€2,133
new in 2025: €2,133
- Financial fixed assets +€1,243
up €1,243 (+45.6%), from €2,726 to €3,969
- Receivables within one year +€681
new in 2025: €681
- Profit (loss) carried forward +€29,850
up €29,850 (+239%), from €12,482 to €42,332
- Tax, wage and social debts +€8,146
up €8,146 (+231%), from €3,519 to €11,665
- Trade debts -€2,710
down €2,710 (-89.0%), from €3,045 to €335
- Gross operating margin +€22,953
up €22,953 (+143%), from €16,037 to €38,989
- Taxes +€4,627
up €4,627 (+131%), from €3,519 to €8,146
- Depreciation +€754
up €754 (+2,137%), from €35 to €789
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 | €22,046 | €57,332 | +€35,286 | +160% |
| Fixed assets | 21/28 | €6,714 | €9,688 | +€2,974 | +44.3% |
| Intangible fixed assets | 21 | €3,988 | €3,586 | -€402 | -10.1% |
| Tangible fixed assets | 22/27 | - | €2,133 | +€2,133 | |
| Plant, machinery and equipment | 23 | - | €2,133 | +€2,133 | |
| Financial fixed assets | 28 | €2,726 | €3,969 | +€1,243 | +45.6% |
| Current assets | 29/58 | €15,332 | €47,644 | +€32,312 | +211% |
| Amounts receivable within one year | 40/41 | - | €681 | +€681 | |
| Trade receivables | 40 | - | €681 | +€681 | |
| Cash at bank and in hand | 54/58 | €15,332 | €46,963 | +€31,631 | +206% |
| Total equity and liabilities | 10/49 | €22,046 | €57,332 | +€35,286 | +160% |
| Equity | 10/15 | €15,482 | €45,332 | +€29,850 | +193% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,482 | €42,332 | +€29,850 | +239% |
| Amounts payable | 17/49 | €6,564 | €12,000 | +€5,436 | +82.8% |
| Amounts payable within one year | 42/48 | €6,564 | €12,000 | +€5,436 | +82.8% |
| Trade debts | 44 | €3,045 | €335 | -€2,710 | -89.0% |
| Suppliers | 440/4 | €3,045 | €335 | -€2,710 | -89.0% |
| Taxes, remuneration and social security | 45 | €3,519 | €11,665 | +€8,146 | +231% |
| Taxes | 450/3 | €3,519 | €11,665 | +€8,146 | +231% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35 | €789 | +€754 | +2,137% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €16,037 | €38,989 | +€22,953 | +143% |
| Operating profit (loss) | 9901 | €16,001 | €38,080 | +€22,079 | +138% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | - | €86 | +€86 | |
| Recurring financial charges | 65 | - | €86 | +€86 | |
| Profit (loss) for the period before taxes | 9903 | €16,001 | €37,996 | +€21,994 | +137% |
| Income taxes | 67/77 | €3,519 | €8,146 | +€4,627 | +131% |
| Profit (loss) for the period | 9904 | €12,482 | €29,850 | +€17,368 | +139% |
| Profit (loss) for the period to be appropriated | 9905 | €12,482 | €29,850 | +€17,368 | +139% |
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 23 October 2026 via checked.be.