KEN - LEASE: 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.
KEN - LEASE
Largest movements
- Cash -€103,658
down €103,658 (-86.8%), from €119,403 to €15,745
mainly Investment in fixed assets (net) (-€292,678) and Debts after one year (-€106,402)
- Tangible fixed assets +€8,492
up €8,492 (+1.3%), from €673,033 to €681,525
- Debts after one year -€106,402
down €106,402 (-90.5%), from €117,572 to €11,169
- Other debts +€60,000
up €60,000 (+69.4%), from €86,433 to €146,433
- Trade debts -€23,789
down €23,789 (-46.1%), from €51,608 to €27,819
- Current portion of long-term debt -€22,106
down €22,106 (-17.2%), from €128,509 to €106,402
- Accrued charges and deferred income -€12,824
down €12,824 (-25.5%), from €50,234 to €37,410
- Gross operating margin -€28,328
down €28,328 (-8.4%), from €336,228 to €307,901
- Other operating charges -€26,598
down €26,598 (-78.3%), from €33,990 to €7,391
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 | €823,947 | €724,701 | -€99,247 | -12.0% |
| Fixed assets | 21/28 | €673,033 | €681,525 | +€8,492 | +1.3% |
| Tangible fixed assets | 22/27 | €673,033 | €681,525 | +€8,492 | +1.3% |
| Other tangible fixed assets | 26 | €673,033 | €681,525 | +€8,492 | +1.3% |
| Current assets | 29/58 | €150,915 | €43,176 | -€107,739 | -71.4% |
| Amounts receivable within one year | 40/41 | €31,512 | €27,431 | -€4,081 | -12.9% |
| Trade receivables | 40 | €31,512 | €12,224 | -€19,288 | -61.2% |
| Other amounts receivable | 41 | €0 | €15,207 | +€15,207 | |
| Cash at bank and in hand | 54/58 | €119,403 | €15,745 | -€103,658 | -86.8% |
| Total equity and liabilities | 10/49 | €823,947 | €724,701 | -€99,247 | -12.0% |
| Equity | 10/15 | €386,591 | €391,767 | +€5,175 | +1.3% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €215,500 | €220,500 | +€5,000 | +2.3% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €200,500 | €205,500 | +€5,000 | +2.5% |
| Profit (loss) carried forward | 14 | €22,355 | €22,530 | +€175 | +0.8% |
| Amounts payable | 17/49 | €437,356 | €332,934 | -€104,422 | -23.9% |
| Amounts payable after more than one year | 17 | €117,572 | €11,169 | -€106,402 | -90.5% |
| Financial debts | 170/4 | €117,572 | €11,169 | -€106,402 | -90.5% |
| Amounts payable within one year | 42/48 | €269,550 | €284,354 | +€14,804 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €128,509 | €106,402 | -€22,106 | -17.2% |
| Trade debts | 44 | €51,608 | €27,819 | -€23,789 | -46.1% |
| Suppliers | 440/4 | €51,608 | €27,819 | -€23,789 | -46.1% |
| Taxes, remuneration and social security | 45 | €3,001 | €3,700 | +€699 | +23.3% |
| Taxes | 450/3 | €3,001 | €3,700 | +€699 | +23.3% |
| Other amounts payable | 47/48 | €86,433 | €146,433 | +€60,000 | +69.4% |
| Accrued charges and deferred income | 492/3 | €50,234 | €37,410 | -€12,824 | -25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €287,202 | €284,186 | -€3,016 | -1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €33,990 | €7,391 | -€26,598 | -78.3% |
| Gross operating margin | 9900 | €336,228 | €307,901 | -€28,328 | -8.4% |
| Operating profit (loss) | 9901 | €15,037 | €16,324 | +€1,287 | +8.6% |
| Financial income | 75/76B | €46 | €0 | -€46 | -99.8% |
| Recurring financial income | 75 | €46 | €0 | -€46 | -99.8% |
| Financial charges | 65/66B | €10,492 | €7,449 | -€3,044 | -29.0% |
| Recurring financial charges | 65 | €10,492 | €7,449 | -€3,044 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €4,590 | €8,875 | +€4,285 | +93.4% |
| Income taxes | 67/77 | €417 | €3,700 | +€3,283 | +788% |
| Profit (loss) for the period | 9904 | €4,173 | €5,175 | +€1,002 | +24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,173 | €5,175 | +€1,002 | +24.0% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.