KENGANI: 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.
KENGANI
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Trade debts +€353,013
up €353,013 (+1,754%), from €20,121 to €373,134
- Debts after one year -€311,803
down €311,803 (-11.7%), from €2.7m to €2.4m
- Other debts -€41,344
down €41,344 (-13.8%), from €300,592 to €259,248
- Turnover +€448,926
new in 2026: €448,926
- Purchases and services +€73,053
new in 2026: €73,053
- Gross operating margin -€67,654
down €67,654 (-15.0%), from €451,933 to €384,279
- Taxes +€15,538
up €15,538, from -€2,750 to €12,788
- Financial charges -€6,565
down €6,565 (-9.2%), from €71,650 to €65,085
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,525,440 | €3,544,807 | +€19,368 | +0.5% |
| Fixed assets | 21/28 | €3,373,752 | €3,397,222 | +€23,470 | +0.7% |
| Tangible fixed assets | 22/27 | €3,373,752 | €3,397,222 | +€23,470 | +0.7% |
| Land and buildings | 22 | €3,097,609 | €2,878,545 | -€219,064 | -7.1% |
| Plant, machinery and equipment | 23 | €275,988 | €518,566 | +€242,578 | +87.9% |
| Furniture and vehicles | 24 | €155 | €111 | -€44 | -28.6% |
| Current assets | 29/58 | €151,688 | €147,586 | -€4,102 | -2.7% |
| Amounts receivable within one year | 40/41 | €646 | €5,776 | +€5,130 | +794% |
| Trade receivables | 40 | - | €5,776 | +€5,776 | |
| Other amounts receivable | 41 | €646 | - | -€646 | |
| Cash at bank and in hand | 54/58 | €151,042 | €133,454 | -€17,587 | -11.6% |
| Deferred charges and accrued income | 490/1 | - | €8,355 | +€8,355 | |
| Total equity and liabilities | 10/49 | €3,525,440 | €3,544,807 | +€19,368 | +0.5% |
| Equity | 10/15 | €212,951 | €236,028 | +€23,077 | +10.8% |
| Contributions | 10/11 | €21,402 | €21,402 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,849 | €184,791 | +€27,942 | +17.8% |
| Investment grants | 15 | €34,700 | €29,835 | -€4,865 | -14.0% |
| Amounts payable | 17/49 | €3,312,488 | €3,308,779 | -€3,709 | -0.1% |
| Amounts payable after more than one year | 17 | €2,665,495 | €2,353,692 | -€311,803 | -11.7% |
| Financial debts | 170/4 | €2,665,495 | €2,353,692 | -€311,803 | -11.7% |
| Amounts payable within one year | 42/48 | €646,993 | €955,087 | +€308,094 | +47.6% |
| Current portion of amounts payable after more than one year | 42 | €308,281 | €311,705 | +€3,424 | +1.1% |
| Trade debts | 44 | €20,121 | €373,134 | +€353,013 | +1,754% |
| Suppliers | 440/4 | €20,121 | €373,134 | +€353,013 | +1,754% |
| Taxes, remuneration and social security | 45 | €18,000 | €11,000 | -€7,000 | -38.9% |
| Taxes | 450/3 | €18,000 | €11,000 | -€7,000 | -38.9% |
| Other amounts payable | 47/48 | €300,592 | €259,248 | -€41,344 | -13.8% |
| Turnover | 70 | - | €448,926 | +€448,926 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €73,053 | +€73,053 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €288,108 | €283,329 | -€4,779 | -1.7% |
| Other operating charges | 640/8 | €3,912 | - | -€3,912 | |
| Gross operating margin | 9900 | €451,933 | €384,279 | -€67,654 | -15.0% |
| Operating profit (loss) | 9901 | €159,914 | €100,950 | -€58,964 | -36.9% |
| Financial income | 75/76B | €2,433 | €4,865 | +€2,433 | +100% |
| Recurring financial income | 75 | €2,433 | €4,865 | +€2,433 | +100% |
| Financial charges | 65/66B | €71,650 | €65,085 | -€6,565 | -9.2% |
| Recurring financial charges | 65 | €71,650 | €65,085 | -€6,565 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €90,697 | €40,731 | -€49,966 | -55.1% |
| Income taxes | 67/77 | -€2,750 | €12,788 | +€15,538 | |
| Profit (loss) for the period | 9904 | €93,447 | €27,942 | -€65,504 | -70.1% |
| Profit (loss) for the period to be appropriated | 9905 | €93,447 | €27,942 | -€65,504 | -70.1% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.