KENETIX: 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.
KENETIX
Largest movements
- Cash -€22,083
down €22,083 (-22.2%), from €99,282 to €77,199
mainly Contributions, distributions and other (-€23,000) and Debts after one year (-€8,015)
- Tangible fixed assets -€12,845
down €12,845 (-24.7%), from €52,075 to €39,230
of which Furniture and vehicles: -€12,330
- Current investments +€5,017
new in 2025: €5,017
- Deferred charges and accrued income +€2,285
up €2,285 (+75.1%), from €3,045 to €5,330
- Reserves -€18,061
down €18,061 (-21.6%), from €83,442 to €65,381
- Debts after one year -€8,015
down €8,015 (-33.0%), from €24,320 to €16,305
- Trade debts -€4,399
down €4,399 (-43.7%), from €10,062 to €5,662
- Other debts +€2,086
up €2,086 (+8.1%), from €25,758 to €27,844
- Gross operating margin -€3,770
down €3,770 (-13.8%), from €27,411 to €23,641
- Financial charges -€740
down €740 (-36.4%), from €2,032 to €1,292
- Depreciation -€612
down €612 (-4.1%), from €15,050 to €14,438
- Taxes -€531
down €531 (-16.2%), from €3,276 to €2,745
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 | €177,321 | €149,559 | -€27,762 | -15.7% |
| Fixed assets | 21/28 | €52,224 | €39,230 | -€12,994 | -24.9% |
| Tangible fixed assets | 22/27 | €52,075 | €39,230 | -€12,845 | -24.7% |
| Plant, machinery and equipment | 23 | €1,972 | €1,458 | -€514 | -26.1% |
| Furniture and vehicles | 24 | €50,102 | €37,772 | -€12,330 | -24.6% |
| Financial fixed assets | 28 | €149 | €0 | -€149 | -100.0% |
| Current assets | 29/58 | €125,098 | €110,329 | -€14,769 | -11.8% |
| Amounts receivable within one year | 40/41 | €22,772 | €22,783 | +€12 | +0.1% |
| Trade receivables | 40 | €13,794 | €13,504 | -€290 | -2.1% |
| Other amounts receivable | 41 | €8,978 | €9,280 | +€302 | +3.4% |
| Current investments | 50/53 | - | €5,017 | +€5,017 | |
| Cash at bank and in hand | 54/58 | €99,282 | €77,199 | -€22,083 | -22.2% |
| Deferred charges and accrued income | 490/1 | €3,045 | €5,330 | +€2,285 | +75.1% |
| Total equity and liabilities | 10/49 | €177,321 | €149,559 | -€27,762 | -15.7% |
| Equity | 10/15 | €102,042 | €83,981 | -€18,061 | -17.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,442 | €65,381 | -€18,061 | -21.6% |
| Distributable reserves | 133 | €83,442 | €65,381 | -€18,061 | -21.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €75,280 | €65,578 | -€9,701 | -12.9% |
| Amounts payable after more than one year | 17 | €24,320 | €16,305 | -€8,015 | -33.0% |
| Financial debts | 170/4 | €24,320 | €16,305 | -€8,015 | -33.0% |
| Amounts payable within one year | 42/48 | €50,960 | €49,273 | -€1,687 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €7,694 | €8,015 | +€320 | +4.2% |
| Trade debts | 44 | €10,062 | €5,662 | -€4,399 | -43.7% |
| Suppliers | 440/4 | €10,062 | €5,662 | -€4,399 | -43.7% |
| Taxes, remuneration and social security | 45 | €7,446 | €7,752 | +€306 | +4.1% |
| Taxes | 450/3 | €7,446 | €7,752 | +€306 | +4.1% |
| Other amounts payable | 47/48 | €25,758 | €27,844 | +€2,086 | +8.1% |
| Non-recurring operating income | 76A | €1,688 | €331 | -€1,358 | -80.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,050 | €14,438 | -€612 | -4.1% |
| Other operating charges | 640/8 | €587 | €712 | +€125 | +21.4% |
| Non-recurring operating charges | 66A | €903 | €0 | -€903 | -100.0% |
| Gross operating margin | 9900 | €27,411 | €23,641 | -€3,770 | -13.8% |
| Operating profit (loss) | 9901 | €10,872 | €8,491 | -€2,380 | -21.9% |
| Financial income | 75/76B | €519 | €485 | -€34 | -6.5% |
| Recurring financial income | 75 | €519 | €485 | -€34 | -6.5% |
| Financial charges | 65/66B | €2,032 | €1,292 | -€740 | -36.4% |
| Recurring financial charges | 65 | €2,032 | €1,292 | -€740 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €9,358 | €7,684 | -€1,674 | -17.9% |
| Income taxes | 67/77 | €3,276 | €2,745 | -€531 | -16.2% |
| Profit (loss) for the period | 9904 | €6,082 | €4,939 | -€1,143 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,082 | €4,939 | -€1,143 | -18.8% |
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 9 October 2026 via checked.be.