Kenas: 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.
Kenas
Largest movements
- Cash +€3,246
up €3,246 (+6.8%), from €47,413 to €50,658
mainly Other debts (+€6,943) and Receivables within one year (+€281)
- Other debts +€6,943
up €6,943 (+2,311%), from €300 to €7,244
- Profit (loss) carried forward -€4,123
down €4,123 (-13.6%), from -€30,219 to -€34,343
- Gross operating margin -€1,485
down €1,485 (-83.6%), from -€1,777 to -€3,261
- Other operating charges -€1,092
down €1,092 (-64.3%), from €1,698 to €606
- Financial charges +€60
up €60 (+73.2%), from €82 to €142
- Depreciation -€55
down €55 (-32.4%), from €169 to €114
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 | €49,381 | €52,231 | +€2,850 | +5.8% |
| Fixed assets | 21/28 | €114 | €0 | -€114 | -100% |
| Tangible fixed assets | 22/27 | €114 | €0 | -€114 | -100% |
| Furniture and vehicles | 24 | €114 | €0 | -€114 | -100% |
| Current assets | 29/58 | €49,267 | €52,231 | +€2,964 | +6.0% |
| Amounts receivable within one year | 40/41 | €1,854 | €1,573 | -€281 | -15.2% |
| Trade receivables | 40 | €1,573 | €1,573 | = | 0.0% |
| Other amounts receivable | 41 | €281 | €0 | -€281 | -100% |
| Cash at bank and in hand | 54/58 | €47,413 | €50,658 | +€3,246 | +6.8% |
| Total equity and liabilities | 10/49 | €49,381 | €52,231 | +€2,850 | +5.8% |
| Equity | 10/15 | €48,530 | €44,407 | -€4,123 | -8.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €72,549 | €72,549 | = | 0.0% |
| Distributable reserves | 133 | €72,549 | €72,549 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,219 | -€34,343 | -€4,123 | -13.6% |
| Amounts payable | 17/49 | €851 | €7,824 | +€6,973 | +819% |
| Amounts payable within one year | 42/48 | €851 | €7,824 | +€6,973 | +819% |
| Trade debts | 44 | €551 | €581 | +€30 | +5.4% |
| Suppliers | 440/4 | €551 | €581 | +€30 | +5.4% |
| Other amounts payable | 47/48 | €300 | €7,244 | +€6,943 | +2,311% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169 | €114 | -€55 | -32.4% |
| Other operating charges | 640/8 | €1,698 | €606 | -€1,092 | -64.3% |
| Gross operating margin | 9900 | -€1,777 | -€3,261 | -€1,485 | -83.6% |
| Operating profit (loss) | 9901 | -€3,644 | -€3,981 | -€337 | -9.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €82 | €142 | +€60 | +73.2% |
| Recurring financial charges | 65 | €82 | €142 | +€60 | +73.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,726 | -€4,123 | -€397 | -10.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€3,726 | -€4,123 | -€397 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,726 | -€4,123 | -€397 | -10.7% |
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 14 October 2026 via checked.be.