KENIK: 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.
KENIK
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+22160.1%), from €5,309 to €1.2m
of which Other amounts receivable: +€1.2m
- Stocks and contracts +€741,449
new in 2025: €741,449
- Short-term financial debts +€1.4m
new in 2025: €1.4m
- Other debts +€488,708
up €488,708 (+771.7%), from €63,326 to €552,034
- Debts after one year -€34,914
down €34,914 (-16.3%), from €214,802 to €179,888
- Gross operating margin -€9,656
down €9,656 (-14.4%), from €67,236 to €57,580
- Write-downs +€5,000
new in 2025: €5,000
- Taxes -€4,092
down €4,092, from €2,680 to -€1,412
- Depreciation +€2,109
up €2,109 (+5.1%), from €41,595 to €43,704
- Other operating charges -€779
down €779 (-14.5%), from €5,377 to €4,598
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 | €768,079 | €2,653,328 | +€1.9m | +245.4% |
| Fixed assets | 21/28 | €746,933 | €722,436 | -€24,497 | -3.3% |
| Tangible fixed assets | 22/27 | €746,933 | €722,436 | -€24,497 | -3.3% |
| Land and buildings | 22 | €675,024 | €623,808 | -€51,216 | -7.6% |
| Plant, machinery and equipment | 23 | - | €98,628 | +€98,628 | |
| Other tangible fixed assets | 26 | €71,909 | - | -€71,909 | |
| Current assets | 29/58 | €21,146 | €1,930,892 | +€1.9m | +9031.2% |
| Stocks and contracts in progress | 3 | - | €741,449 | +€741,449 | |
| Stocks | 30/36 | - | €741,449 | +€741,449 | |
| Amounts receivable within one year | 40/41 | €5,309 | €1,181,788 | +€1.2m | +22160.1% |
| Trade receivables | 40 | €309 | €2,792 | +€2,483 | +803.5% |
| Other amounts receivable | 41 | €5,000 | €1,178,996 | +€1.2m | +23479.9% |
| Cash at bank and in hand | 54/58 | €15,837 | €6,125 | -€9,712 | -61.3% |
| Deferred charges and accrued income | 490/1 | - | €1,530 | +€1,530 | |
| Total equity and liabilities | 10/49 | €768,079 | €2,653,328 | +€1.9m | +245.4% |
| Equity | 10/15 | €447,993 | €449,112 | +€1,119 | +0.2% |
| Contributions | 10/11 | €232,000 | €232,000 | = | 0.0% |
| Capital | 10 | €232,000 | €232,000 | = | 0.0% |
| Issued capital | 100 | €232,000 | €232,000 | = | 0.0% |
| Reserves | 13 | €23,201 | €23,201 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €23,201 | €23,201 | -€0 | 0.0% |
| Legal reserve | 130 | €23,201 | €23,201 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €192,792 | €193,912 | +€1,120 | +0.6% |
| Amounts payable | 17/49 | €320,086 | €2,204,216 | +€1.9m | +588.6% |
| Amounts payable after more than one year | 17 | €214,802 | €179,888 | -€34,914 | -16.3% |
| Financial debts | 170/4 | €214,802 | €179,888 | -€34,914 | -16.3% |
| Amounts payable within one year | 42/48 | €105,284 | €2,024,328 | +€1.9m | +1822.7% |
| Current portion of amounts payable after more than one year | 42 | €34,370 | €34,914 | +€544 | +1.6% |
| Financial debts | 43 | - | €1,430,000 | +€1.4m | |
| Credit institutions | 430/8 | - | €1,430,000 | +€1.4m | |
| Trade debts | 44 | €2,188 | €3,392 | +€1,204 | +55.0% |
| Suppliers | 440/4 | €2,188 | €3,392 | +€1,204 | +55.0% |
| Taxes, remuneration and social security | 45 | €5,400 | €3,988 | -€1,412 | -26.2% |
| Taxes | 450/3 | €5,400 | €3,988 | -€1,412 | -26.2% |
| Other amounts payable | 47/48 | €63,326 | €552,034 | +€488,708 | +771.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,595 | €43,704 | +€2,109 | +5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,000 | +€5,000 | |
| Other operating charges | 640/8 | €5,377 | €4,598 | -€779 | -14.5% |
| Gross operating margin | 9900 | €67,236 | €57,580 | -€9,656 | -14.4% |
| Operating profit (loss) | 9901 | €20,264 | €4,278 | -€15,986 | -78.9% |
| Financial charges | 65/66B | €4,238 | €4,571 | +€333 | +7.9% |
| Recurring financial charges | 65 | €4,238 | €4,571 | +€333 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €16,026 | -€293 | -€16,319 | |
| Income taxes | 67/77 | €2,680 | -€1,412 | -€4,092 | |
| Profit (loss) for the period | 9904 | €13,346 | €1,120 | -€12,226 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,346 | €1,120 | -€12,226 | -91.6% |
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 6 October 2026 via checked.be.