Hans 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.
Hans Kenis
Largest movements
- Receivables after one year +€38,000
up €38,000 (+317%), from €12,000 to €50,000
- Tangible fixed assets +€31,357
up €31,357 (+459%), from €6,832 to €38,189
of which Furniture and vehicles: +€31,771
- Receivables within one year -€23,478
down €23,478 (-56.4%), from €41,627 to €18,149
- Cash +€3,481
up €3,481 (+202%), from €1,724 to €5,205
mainly Net result for the year (+€54,084) and Receivables within one year (+€23,478)
- Profit (loss) carried forward +€34,084
up €34,084 (+215%), from €15,864 to €49,948
- Debts after one year +€16,364
new in 2026: €16,364
- Other debts +€10,207
up €10,207 (+99.5%), from €10,253 to €20,460
- Trade debts -€7,079
down €7,079 (-35.2%), from €20,107 to €13,028
- Tax, wage and social debts -€4,214
down €4,214 (-31.3%), from €13,458 to €9,244
- Gross operating margin +€34,923
up €34,923 (+107%), from €32,722 to €67,644
- Depreciation +€4,167
up €4,167 (+387%), from €1,078 to €5,244
- Taxes +€3,731
up €3,731 (+83.5%), from €4,468 to €8,199
- Financial income +€700
up €700 (+233%), from €300 to €1,000
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,182 | €111,543 | +€49,361 | +79.4% |
| Fixed assets | 21/28 | €6,832 | €38,189 | +€31,357 | +459% |
| Tangible fixed assets | 22/27 | €6,832 | €38,189 | +€31,357 | +459% |
| Plant, machinery and equipment | 23 | €6,832 | €5,250 | -€1,582 | -23.2% |
| Furniture and vehicles | 24 | - | €31,771 | +€31,771 | |
| Other tangible fixed assets | 26 | - | €1,168 | +€1,168 | |
| Current assets | 29/58 | €55,351 | €73,354 | +€18,003 | +32.5% |
| Amounts receivable after more than one year | 29 | €12,000 | €50,000 | +€38,000 | +317% |
| Other amounts receivable | 291 | €12,000 | €50,000 | +€38,000 | +317% |
| Amounts receivable within one year | 40/41 | €41,627 | €18,149 | -€23,478 | -56.4% |
| Trade receivables | 40 | €41,627 | €18,149 | -€23,478 | -56.4% |
| Cash at bank and in hand | 54/58 | €1,724 | €5,205 | +€3,481 | +202% |
| Total equity and liabilities | 10/49 | €62,182 | €111,543 | +€49,361 | +79.4% |
| Equity | 10/15 | €18,364 | €52,448 | +€34,084 | +186% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,864 | €49,948 | +€34,084 | +215% |
| Amounts payable | 17/49 | €43,818 | €59,095 | +€15,277 | +34.9% |
| Amounts payable after more than one year | 17 | - | €16,364 | +€16,364 | |
| Financial debts | 170/4 | - | €16,364 | +€16,364 | |
| Amounts payable within one year | 42/48 | €43,818 | €42,731 | -€1,087 | -2.5% |
| Trade debts | 44 | €20,107 | €13,028 | -€7,079 | -35.2% |
| Suppliers | 440/4 | €20,107 | €13,028 | -€7,079 | -35.2% |
| Taxes, remuneration and social security | 45 | €13,458 | €9,244 | -€4,214 | -31.3% |
| Taxes | 450/3 | €13,458 | €9,244 | -€4,214 | -31.3% |
| Other amounts payable | 47/48 | €10,253 | €20,460 | +€10,207 | +99.5% |
| Non-recurring operating income | 76A | - | €13,000 | +€13,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,078 | €5,244 | +€4,167 | +387% |
| Other operating charges | 640/8 | €505 | €236 | -€270 | -53.4% |
| Gross operating margin | 9900 | €32,722 | €67,644 | +€34,923 | +107% |
| Operating profit (loss) | 9901 | €31,139 | €62,165 | +€31,026 | +99.6% |
| Financial income | 75/76B | €300 | €1,000 | +€700 | +233% |
| Recurring financial income | 75 | €300 | €1,000 | +€700 | +233% |
| Financial charges | 65/66B | €1,106 | €882 | -€225 | -20.3% |
| Recurring financial charges | 65 | €1,106 | €882 | -€225 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €30,332 | €62,283 | +€31,951 | +105% |
| Income taxes | 67/77 | €4,468 | €8,199 | +€3,731 | +83.5% |
| Profit (loss) for the period | 9904 | €25,864 | €54,084 | +€28,220 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €25,864 | €54,084 | +€28,220 | +109% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.