KAYENAT: 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.
KAYENAT
Largest movements
- Receivables within one year +€118,111
up €118,111 (+165%), from €71,460 to €189,571
of which Trade receivables: +€129,075
- Cash -€102,389
down €102,389 (-68.4%), from €149,617 to €47,228
mainly Receivables within one year (-€118,111) and Trade debts (-€23,166)
- Tangible fixed assets -€5,303
down €5,303 (-14.2%), from €37,464 to €32,161
of which Furniture and vehicles: -€7,118
- Accrued charges and deferred income +€41,058
up €41,058 (+6,317%), from €650 to €41,708
- Trade debts -€23,166
down €23,166 (-55.8%), from €41,509 to €18,342
- Tax, wage and social debts -€7,922
down €7,922 (-6.5%), from €121,453 to €113,531
of which Taxes: -€28,223
- Gross operating margin -€33,157
down €33,157 (-20.3%), from €163,318 to €130,162
- Taxes -€10,718
down €10,718 (-66.3%), from €16,160 to €5,442
- Other operating charges +€10,228
up €10,228 (+91.3%), from €11,205 to €21,433
- Depreciation +€7,549
up €7,549 (+557%), from €1,356 to €8,905
- Financial charges -€2,625
down €2,625 (-90.5%), from €2,902 to €277
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €311,850 | €322,325 | +€10,475 | +3.4% |
| Fixed assets | 21/28 | €54,529 | €48,781 | -€5,748 | -10.5% |
| Intangible fixed assets | 21 | €900 | - | -€900 | |
| Tangible fixed assets | 22/27 | €37,464 | €32,161 | -€5,303 | -14.2% |
| Plant, machinery and equipment | 23 | €1,962 | €3,777 | +€1,815 | +92.5% |
| Furniture and vehicles | 24 | €35,502 | €28,385 | -€7,118 | -20.0% |
| Financial fixed assets | 28 | €16,165 | €16,620 | +€455 | +2.8% |
| Current assets | 29/58 | €257,321 | €273,544 | +€16,223 | +6.3% |
| Stocks and contracts in progress | 3 | €35,011 | €35,512 | +€501 | +1.4% |
| Stocks | 30/36 | €35,011 | €35,512 | +€501 | +1.4% |
| Amounts receivable within one year | 40/41 | €71,460 | €189,571 | +€118,111 | +165% |
| Trade receivables | 40 | €2,598 | €131,673 | +€129,075 | +4,968% |
| Other amounts receivable | 41 | €68,862 | €57,898 | -€10,964 | -15.9% |
| Cash at bank and in hand | 54/58 | €149,617 | €47,228 | -€102,389 | -68.4% |
| Deferred charges and accrued income | 490/1 | €1,232 | €1,232 | = | 0.0% |
| Total equity and liabilities | 10/49 | €311,850 | €322,325 | +€10,475 | +3.4% |
| Equity | 10/15 | €148,237 | €148,743 | +€506 | +0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €467 | €467 | = | 0.0% |
| Distributable reserves | 133 | €467 | €467 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,571 | €142,076 | +€506 | +0.4% |
| Amounts payable | 17/49 | €163,612 | €173,582 | +€9,969 | +6.1% |
| Amounts payable within one year | 42/48 | €162,962 | €131,874 | -€31,089 | -19.1% |
| Trade debts | 44 | €41,509 | €18,342 | -€23,166 | -55.8% |
| Suppliers | 440/4 | €41,509 | €18,342 | -€23,166 | -55.8% |
| Taxes, remuneration and social security | 45 | €121,453 | €113,531 | -€7,922 | -6.5% |
| Taxes | 450/3 | €102,303 | €74,080 | -€28,223 | -27.6% |
| Remuneration and social security | 454/9 | €19,151 | €39,451 | +€20,301 | +106% |
| Accrued charges and deferred income | 492/3 | €650 | €41,708 | +€41,058 | +6,317% |
| Remuneration, social security and pensions | 62 | €95,893 | €97,473 | +€1,580 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,356 | €8,905 | +€7,549 | +557% |
| Other operating charges | 640/8 | €11,205 | €21,433 | +€10,228 | +91.3% |
| Gross operating margin | 9900 | €163,318 | €130,162 | -€33,157 | -20.3% |
| Operating profit (loss) | 9901 | €54,865 | €2,351 | -€52,514 | -95.7% |
| Financial income | 75/76B | €3,826 | €3,873 | +€47 | +1.2% |
| Recurring financial income | 75 | €3,826 | €3,873 | +€47 | +1.2% |
| Financial charges | 65/66B | €2,902 | €277 | -€2,625 | -90.5% |
| Recurring financial charges | 65 | €2,902 | €277 | -€2,625 | -90.5% |
| Profit (loss) for the period before taxes | 9903 | €55,788 | €5,947 | -€49,841 | -89.3% |
| Income taxes | 67/77 | €16,160 | €5,442 | -€10,718 | -66.3% |
| Profit (loss) for the period | 9904 | €39,629 | €506 | -€39,123 | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,629 | €506 | -€39,123 | -98.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.