Kenens & Kenens: what changed
Kenens & Kenens
Largest movements
- Receivables within one year +€46,967
up €46,967 (+75.8%), from €61,950 to €108,917
of which Trade receivables: +€42,229
- Receivables after one year +€35,000
up €35,000 (+140%), from €25,000 to €60,000
- Cash +€14,510
up €14,510 (+2,592%), from €560 to €15,069
mainly Net result for the year (+€68,248) and Trade debts (+€18,759)
- Stocks and contracts -€7,215
down €7,215 (-8.6%), from €84,112 to €76,897
- Profit (loss) carried forward +€68,248
up €68,248 (+115%), from €59,543 to €127,791
- Trade debts +€18,759
up €18,759 (+17.9%), from €104,905 to €123,664
- Financial income +€70,261
up €70,261 (+14,339,067%), from €0 to €70,262
of which Non-recurring financial income: +€69,600
- Taxes +€4,199
up €4,199, from -€1,265 to €2,934
- Gross operating margin -€3,018
down €3,018 (-54.4%), from €5,545 to €2,527
- Depreciation -€2,422
down €2,422 (-76.8%), from €3,152 to €731
- Write-downs -€479
no longer reported in 2025 (was €479)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €177,244 | €264,038 | +€86,794 | +49.0% |
| Fixed assets | 21/28 | €3,521 | €3,155 | -€366 | -10.4% |
| Tangible fixed assets | 22/27 | €3,121 | €3,155 | +€34 | +1.1% |
| Plant, machinery and equipment | 23 | €3,121 | €3,155 | +€34 | +1.1% |
| Financial fixed assets | 28 | €400 | - | -€400 | |
| Current assets | 29/58 | €173,723 | €260,883 | +€87,160 | +50.2% |
| Amounts receivable after more than one year | 29 | €25,000 | €60,000 | +€35,000 | +140% |
| Other amounts receivable | 291 | €25,000 | €60,000 | +€35,000 | +140% |
| Stocks and contracts in progress | 3 | €84,112 | €76,897 | -€7,215 | -8.6% |
| Stocks | 30/36 | €84,112 | €76,897 | -€7,215 | -8.6% |
| Amounts receivable within one year | 40/41 | €61,950 | €108,917 | +€46,967 | +75.8% |
| Trade receivables | 40 | €46,504 | €88,733 | +€42,229 | +90.8% |
| Other amounts receivable | 41 | €15,446 | €20,184 | +€4,738 | +30.7% |
| Cash at bank and in hand | 54/58 | €560 | €15,069 | +€14,510 | +2,592% |
| Deferred charges and accrued income | 490/1 | €2,102 | - | -€2,102 | |
| Total equity and liabilities | 10/49 | €177,244 | €264,038 | +€86,794 | +49.0% |
| Equity | 10/15 | €68,843 | €137,091 | +€68,248 | +99.1% |
| Contributions | 10/11 | €7,440 | €7,440 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,543 | €127,791 | +€68,248 | +115% |
| Amounts payable | 17/49 | €108,401 | €126,947 | +€18,546 | +17.1% |
| Amounts payable within one year | 42/48 | €108,401 | €126,947 | +€18,546 | +17.1% |
| Trade debts | 44 | €104,905 | €123,664 | +€18,759 | +17.9% |
| Suppliers | 440/4 | €104,905 | €123,664 | +€18,759 | +17.9% |
| Taxes, remuneration and social security | 45 | €3,496 | €3,284 | -€213 | -6.1% |
| Taxes | 450/3 | €3,496 | €3,284 | -€213 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,152 | €731 | -€2,422 | -76.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €479 | - | -€479 | |
| Other operating charges | 640/8 | €62 | - | -€62 | |
| Gross operating margin | 9900 | €5,545 | €2,527 | -€3,018 | -54.4% |
| Operating profit (loss) | 9901 | €1,852 | €1,797 | -€55 | -3.0% |
| Financial income | 75/76B | €0 | €70,262 | +€70,261 | +14,339,067% |
| Recurring financial income | 75 | €0 | €662 | +€661 | +134,986% |
| Non-recurring financial income | 76B | €0 | €69,600 | +€69,600 | +14,203,982% |
| Financial charges | 65/66B | €523 | €877 | +€354 | +67.7% |
| Recurring financial charges | 65 | €158 | €877 | +€719 | +456% |
| Non-recurring financial charges | 66B | €365 | - | -€365 | |
| Profit (loss) for the period before taxes | 9903 | €1,329 | €71,182 | +€69,853 | +5,255% |
| Income taxes | 67/77 | -€1,265 | €2,934 | +€4,199 | |
| Profit (loss) for the period | 9904 | €2,595 | €68,248 | +€65,654 | +2,530% |
| Profit (loss) for the period to be appropriated | 9905 | €2,595 | €68,248 | +€65,654 | +2,530% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.