Kenadvies: 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.
Kenadvies
Largest movements
- Cash +€14,745
up €14,745 (+132%), from €11,135 to €25,880
mainly Debts after one year (+€157,500) and Trade debts (+€34,764)
- Receivables within one year -€4,154
down €4,154 (-52.8%), from €7,867 to €3,713
of which Other amounts receivable: -€4,446
- Deferred charges and accrued income +€2,116
up €2,116 (+97.6%), from €2,168 to €4,284
- Stocks and contracts +€1,621
up €1,621 (+18.6%), from €8,731 to €10,352
- Debts after one year +€157,500
new in 2025: €157,500
- Profit (loss) carried forward -€120,558
down €120,558 (-296%), from -€40,728 to -€161,285
- Other debts -€62,500
no longer reported in 2025 (was €62,500)
- Trade debts +€34,764
up €34,764 (+365%), from €9,528 to €44,292
- Tax, wage and social debts +€5,319
up €5,319 (+199%), from €2,677 to €7,996
of which Remuneration and social security: +€3,424
- Staff costs +€122,733
up €122,733 (+3,761%), from €3,263 to €125,996
- Gross operating margin +€19,934
up €19,934, from -€8,053 to €11,882
- Depreciation +€4,746
up €4,746 (+1,774%), from €268 to €5,013
- Financial income +€1,151
up €1,151 (+2,835%), from €41 to €1,192
- Other operating charges +€1,112
up €1,112 (+192%), from €580 to €1,692
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.
Derived cash bridge
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 | €52,576 | €67,102 | +€14,526 | +27.6% |
| Fixed assets | 21/28 | €22,676 | €22,874 | +€198 | +0.9% |
| Tangible fixed assets | 22/27 | €22,676 | €22,874 | +€198 | +0.9% |
| Plant, machinery and equipment | 23 | €2,624 | €2,034 | -€590 | -22.5% |
| Other tangible fixed assets | 26 | €20,053 | €20,840 | +€787 | +3.9% |
| Current assets | 29/58 | €29,900 | €44,228 | +€14,328 | +47.9% |
| Stocks and contracts in progress | 3 | €8,731 | €10,352 | +€1,621 | +18.6% |
| Stocks | 30/36 | €8,731 | €10,352 | +€1,621 | +18.6% |
| Amounts receivable within one year | 40/41 | €7,867 | €3,713 | -€4,154 | -52.8% |
| Trade receivables | 40 | €1,140 | €1,432 | +€292 | +25.6% |
| Other amounts receivable | 41 | €6,726 | €2,280 | -€4,446 | -66.1% |
| Cash at bank and in hand | 54/58 | €11,135 | €25,880 | +€14,745 | +132% |
| Deferred charges and accrued income | 490/1 | €2,168 | €4,284 | +€2,116 | +97.6% |
| Total equity and liabilities | 10/49 | €52,576 | €67,102 | +€14,526 | +27.6% |
| Equity | 10/15 | -€22,128 | -€142,685 | -€120,558 | -545% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,728 | -€161,285 | -€120,558 | -296% |
| Amounts payable | 17/49 | €74,704 | €209,788 | +€135,083 | +181% |
| Amounts payable after more than one year | 17 | - | €157,500 | +€157,500 | |
| Other amounts payable | 178/9 | - | €157,500 | +€157,500 | |
| Amounts payable within one year | 42/48 | €74,704 | €52,288 | -€22,417 | -30.0% |
| Trade debts | 44 | €9,528 | €44,292 | +€34,764 | +365% |
| Suppliers | 440/4 | €9,528 | €44,292 | +€34,764 | +365% |
| Taxes, remuneration and social security | 45 | €2,677 | €7,996 | +€5,319 | +199% |
| Taxes | 450/3 | €77 | €1,973 | +€1,895 | +2,447% |
| Remuneration and social security | 454/9 | €2,599 | €6,023 | +€3,424 | +132% |
| Other amounts payable | 47/48 | €62,500 | - | -€62,500 | |
| Remuneration, social security and pensions | 62 | €3,263 | €125,996 | +€122,733 | +3,761% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €268 | €5,013 | +€4,746 | +1,774% |
| Other operating charges | 640/8 | €580 | €1,692 | +€1,112 | +192% |
| Gross operating margin | 9900 | -€8,053 | €11,882 | +€19,934 | |
| Operating profit (loss) | 9901 | -€12,164 | -€120,820 | -€108,656 | -893% |
| Financial income | 75/76B | €41 | €1,192 | +€1,151 | +2,835% |
| Recurring financial income | 75 | €41 | €1,192 | +€1,151 | +2,835% |
| Financial charges | 65/66B | - | €930 | +€930 | |
| Recurring financial charges | 65 | - | €930 | +€930 | |
| Profit (loss) for the period before taxes | 9903 | -€12,123 | -€120,558 | -€108,434 | -894% |
| Profit (loss) for the period | 9904 | -€12,123 | -€120,558 | -€108,434 | -894% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,123 | -€120,558 | -€108,434 | -894% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.