Kaen: 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.
Kaen
Largest movements
- Tangible fixed assets -€20,003
down €20,003 (-46.5%), from €43,019 to €23,016
of which Leasing and similar rights: -€13,223
- Receivables within one year +€2,687
up €2,687 (+5.7%), from €47,175 to €49,862
of which Trade receivables: +€3,998
- Cash +€1,171
up €1,171 (+514.8%), from €227 to €1,398
mainly Other debts (+€34,239) and Depreciation (+€20,003)
- Profit (loss) carried forward -€36,715
down €36,715 (-217.3%), from -€16,892 to -€53,607
- Other debts +€34,239
up €34,239 (+83.8%), from €40,836 to €75,074
- Current portion of long-term debt -€9,446
down €9,446 (-68.8%), from €13,732 to €4,286
- Debts after one year -€4,947
down €4,947 (-100.0%), from €4,947 to €0
- Trade debts +€1,209
up €1,209 (+29.2%), from €4,148 to €5,357
- Gross operating margin -€26,468
down €26,468, from €12,834 to -€13,634
- Depreciation -€1,246
down €1,246 (-5.9%), from €21,249 to €20,003
- Other operating charges +€279
up €279 (+11.7%), from €2,384 to €2,663
- Financial charges -€257
down €257 (-53.1%), from €484 to €227
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 | €90,922 | €74,776 | -€16,146 | -17.8% |
| Fixed assets | 21/28 | €43,519 | €23,516 | -€20,003 | -46.0% |
| Tangible fixed assets | 22/27 | €43,019 | €23,016 | -€20,003 | -46.5% |
| Land and buildings | 22 | €4,155 | €3,520 | -€635 | -15.3% |
| Plant, machinery and equipment | 23 | €1,965 | €183 | -€1,781 | -90.7% |
| Furniture and vehicles | 24 | €5,815 | €1,452 | -€4,363 | -75.0% |
| Leasing and similar rights | 25 | €31,083 | €17,860 | -€13,223 | -42.5% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €47,403 | €51,260 | +€3,857 | +8.1% |
| Amounts receivable within one year | 40/41 | €47,175 | €49,862 | +€2,687 | +5.7% |
| Trade receivables | 40 | €43,659 | €47,657 | +€3,998 | +9.2% |
| Other amounts receivable | 41 | €3,517 | €2,205 | -€1,312 | -37.3% |
| Cash at bank and in hand | 54/58 | €227 | €1,398 | +€1,171 | +514.8% |
| Total equity and liabilities | 10/49 | €90,922 | €74,776 | -€16,146 | -17.8% |
| Equity | 10/15 | €26,177 | -€10,538 | -€36,715 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,869 | €36,869 | = | 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% |
| Distributable reserves | 133 | €35,009 | €35,009 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,892 | -€53,607 | -€36,715 | -217.3% |
| Amounts payable | 17/49 | €64,745 | €85,314 | +€20,569 | +31.8% |
| Amounts payable after more than one year | 17 | €4,947 | €0 | -€4,947 | -100.0% |
| Financial debts | 170/4 | €4,947 | €0 | -€4,947 | -100.0% |
| Amounts payable within one year | 42/48 | €59,411 | €84,914 | +€25,503 | +42.9% |
| Current portion of amounts payable after more than one year | 42 | €13,732 | €4,286 | -€9,446 | -68.8% |
| Trade debts | 44 | €4,148 | €5,357 | +€1,209 | +29.2% |
| Suppliers | 440/4 | €4,148 | €5,357 | +€1,209 | +29.2% |
| Taxes, remuneration and social security | 45 | €695 | €197 | -€499 | -71.7% |
| Taxes | 450/3 | €695 | €197 | -€499 | -71.7% |
| Other amounts payable | 47/48 | €40,836 | €75,074 | +€34,239 | +83.8% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,249 | €20,003 | -€1,246 | -5.9% |
| Other operating charges | 640/8 | €2,384 | €2,663 | +€279 | +11.7% |
| Gross operating margin | 9900 | €12,834 | -€13,634 | -€26,468 | |
| Operating profit (loss) | 9901 | -€10,800 | -€36,300 | -€25,501 | -236.1% |
| Financial income | 75/76B | €0 | €9 | +€9 | +89900.0% |
| Recurring financial income | 75 | €0 | €9 | +€9 | +89900.0% |
| Financial charges | 65/66B | €484 | €227 | -€257 | -53.1% |
| Recurring financial charges | 65 | €484 | €227 | -€257 | -53.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,284 | -€36,518 | -€25,235 | -223.6% |
| Income taxes | 67/77 | €215 | €197 | -€19 | -8.6% |
| Profit (loss) for the period | 9904 | -€11,499 | -€36,715 | -€25,216 | -219.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,499 | -€36,715 | -€25,216 | -219.3% |
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 3 October 2026 via checked.be.