KENESSENCE: 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.
KENESSENCE
Largest movements
- Cash -€71,863
down €71,863 (-47.3%), from €152,070 to €80,207
mainly Contributions, distributions and other (-€52,498) and Other debts (-€11,361)
- Reserves -€52,498
down €52,498 (-43.5%), from €120,638 to €68,140
of which Distributable reserves: -€52,498
- Other debts -€11,361
down €11,361 (-24.0%), from €47,263 to €35,902
- Profit (loss) carried forward -€9,073
down €9,073 (-50.4%), from -€18,006 to -€27,079
- Gross operating margin +€1,699
up €1,699 (+17.8%), from -€9,558 to -€7,859
- Taxes -€1,140
down €1,140 (-70.1%), from €1,626 to €486
- Depreciation -€528
down €528 (-52.5%), from €1,005 to €477
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 | €156,448 | €83,504 | -€72,944 | -46.6% |
| Fixed assets | 21/28 | €1,077 | €600 | -€477 | -44.3% |
| Tangible fixed assets | 22/27 | €1,077 | €600 | -€477 | -44.3% |
| Land and buildings | 22 | €800 | €600 | -€200 | -25.0% |
| Plant, machinery and equipment | 23 | €277 | - | -€277 | |
| Current assets | 29/58 | €155,371 | €82,904 | -€72,467 | -46.6% |
| Amounts receivable within one year | 40/41 | €1,445 | €607 | -€838 | -58.0% |
| Other amounts receivable | 41 | €1,445 | €607 | -€838 | -58.0% |
| Cash at bank and in hand | 54/58 | €152,070 | €80,207 | -€71,863 | -47.3% |
| Deferred charges and accrued income | 490/1 | €1,856 | €2,090 | +€234 | +12.6% |
| Total equity and liabilities | 10/49 | €156,448 | €83,504 | -€72,944 | -46.6% |
| Equity | 10/15 | €108,832 | €47,261 | -€61,571 | -56.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €120,638 | €68,140 | -€52,498 | -43.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €118,778 | €66,280 | -€52,498 | -44.2% |
| Profit (loss) carried forward | 14 | -€18,006 | -€27,079 | -€9,073 | -50.4% |
| Amounts payable | 17/49 | €47,616 | €36,243 | -€11,373 | -23.9% |
| Amounts payable within one year | 42/48 | €47,616 | €36,243 | -€11,373 | -23.9% |
| Trade debts | 44 | €353 | €321 | -€32 | -9.1% |
| Suppliers | 440/4 | €353 | €321 | -€32 | -9.1% |
| Taxes, remuneration and social security | 45 | - | €20 | +€20 | |
| Taxes | 450/3 | - | €20 | +€20 | |
| Other amounts payable | 47/48 | €47,263 | €35,902 | -€11,361 | -24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,005 | €477 | -€528 | -52.5% |
| Gross operating margin | 9900 | -€9,558 | -€7,859 | +€1,699 | +17.8% |
| Operating profit (loss) | 9901 | -€10,563 | -€8,336 | +€2,227 | +21.1% |
| Financial charges | 65/66B | €264 | €251 | -€13 | -4.9% |
| Recurring financial charges | 65 | €264 | €251 | -€13 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,827 | -€8,587 | +€2,240 | +20.7% |
| Income taxes | 67/77 | €1,626 | €486 | -€1,140 | -70.1% |
| Profit (loss) for the period | 9904 | -€12,453 | -€9,073 | +€3,380 | +27.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,453 | -€9,073 | +€3,380 | +27.1% |
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 2 October 2026 via checked.be.