KDENZA: 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.
KDENZA
Largest movements
- Receivables within one year +€8,569
up €8,569 (+325.9%), from €2,630 to €11,199
of which Trade receivables: +€8,569
- Tangible fixed assets -€8,060
down €8,060 (-38.0%), from €21,215 to €13,155
of which Furniture and vehicles: -€6,848
- Cash -€2,001
down €2,001 (-15.4%), from €13,014 to €11,013
mainly Contributions, distributions and other (-€30,000) and Receivables within one year (-€8,569)
- Deferred charges and accrued income +€1,318
up €1,318 (+52.8%), from €2,499 to €3,818
- Profit (loss) carried forward -€32,509
down €32,509, from €31,229 to -€1,279
- Other debts +€30,148
up €30,148 (+1983.7%), from €1,520 to €31,668
- Tax, wage and social debts +€1,227
up €1,227 (+40.7%), from €3,013 to €4,240
- Trade debts +€961
up €961 (+87.7%), from €1,095 to €2,056
- Gross operating margin -€7,908
down €7,908 (-55.0%), from €14,379 to €6,471
- Financial charges -€1,849
down €1,849 (-94.0%), from €1,967 to €118
- Taxes -€899
down €899 (-86.4%), from €1,040 to €141
- Other operating charges +€343
up €343 (+108.2%), from €317 to €661
- Depreciation -€235
down €235 (-2.8%), from €8,295 to €8,060
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 | €39,357 | €39,184 | -€173 | -0.4% |
| Fixed assets | 21/28 | €21,215 | €13,155 | -€8,060 | -38.0% |
| Tangible fixed assets | 22/27 | €21,215 | €13,155 | -€8,060 | -38.0% |
| Plant, machinery and equipment | 23 | €1,965 | €753 | -€1,212 | -61.7% |
| Furniture and vehicles | 24 | €19,250 | €12,402 | -€6,848 | -35.6% |
| Current assets | 29/58 | €18,143 | €26,030 | +€7,887 | +43.5% |
| Amounts receivable within one year | 40/41 | €2,630 | €11,199 | +€8,569 | +325.9% |
| Trade receivables | 40 | €2,151 | €10,720 | +€8,569 | +398.4% |
| Other amounts receivable | 41 | €479 | €479 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,014 | €11,013 | -€2,001 | -15.4% |
| Deferred charges and accrued income | 490/1 | €2,499 | €3,818 | +€1,318 | +52.8% |
| Total equity and liabilities | 10/49 | €39,357 | €39,184 | -€173 | -0.4% |
| Equity | 10/15 | €33,729 | €1,221 | -€32,509 | -96.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,229 | -€1,279 | -€32,509 | |
| Amounts payable | 17/49 | €5,628 | €37,964 | +€32,335 | +574.5% |
| Amounts payable within one year | 42/48 | €5,628 | €37,964 | +€32,335 | +574.5% |
| Trade debts | 44 | €1,095 | €2,056 | +€961 | +87.7% |
| Suppliers | 440/4 | €1,095 | €2,056 | +€961 | +87.7% |
| Taxes, remuneration and social security | 45 | €3,013 | €4,240 | +€1,227 | +40.7% |
| Taxes | 450/3 | €3,013 | €4,240 | +€1,227 | +40.7% |
| Other amounts payable | 47/48 | €1,520 | €31,668 | +€30,148 | +1983.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,295 | €8,060 | -€235 | -2.8% |
| Other operating charges | 640/8 | €317 | €661 | +€343 | +108.2% |
| Gross operating margin | 9900 | €14,379 | €6,471 | -€7,908 | -55.0% |
| Operating profit (loss) | 9901 | €5,767 | -€2,250 | -€8,016 | |
| Financial income | 75/76B | €122 | - | -€122 | |
| Recurring financial income | 75 | €122 | - | -€122 | |
| Financial charges | 65/66B | €1,967 | €118 | -€1,849 | -94.0% |
| Recurring financial charges | 65 | €1,967 | €118 | -€1,849 | -94.0% |
| Profit (loss) for the period before taxes | 9903 | €3,922 | -€2,368 | -€6,289 | |
| Income taxes | 67/77 | €1,040 | €141 | -€899 | -86.4% |
| Profit (loss) for the period | 9904 | €2,882 | -€2,509 | -€5,391 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,882 | -€2,509 | -€5,391 |
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 1 October 2026 via checked.be.