KENINVEST: 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.
KENINVEST
Largest movements
- Cash -€10,598
down €10,598 (-3.5%), from €301,234 to €290,635
mainly Net result for the year (-€9,717) and Receivables within one year (-€736)
- Profit (loss) carried forward -€9,717
down €9,717 (-399%), from -€2,436 to -€12,154
- Financial income +€2,867
up €2,867 (+3,863%), from €74 to €2,941
- Taxes +€2,012
up €2,012 (+1,523%), from €132 to €2,145
- Gross operating margin -€319
down €319 (-4.3%), from -€7,440 to -€7,760
- Financial charges +€116
up €116 (+484%), from €24 to €140
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.
Derived cash bridge
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 | €406,487 | €396,770 | -€9,717 | -2.4% |
| Fixed assets | 21/28 | €105,107 | €105,107 | = | 0.0% |
| Tangible fixed assets | 22/27 | €105,107 | €105,107 | = | 0.0% |
| Land and buildings | 22 | €105,107 | €105,107 | = | 0.0% |
| Current assets | 29/58 | €301,380 | €291,663 | -€9,717 | -3.2% |
| Amounts receivable within one year | 40/41 | €147 | €882 | +€736 | +502% |
| Trade receivables | 40 | €124 | €0 | -€124 | -100% |
| Other amounts receivable | 41 | €22 | €882 | +€860 | +3,863% |
| Cash at bank and in hand | 54/58 | €301,234 | €290,635 | -€10,598 | -3.5% |
| Deferred charges and accrued income | 490/1 | - | €146 | +€146 | |
| Total equity and liabilities | 10/49 | €406,487 | €396,770 | -€9,717 | -2.4% |
| Equity | 10/15 | €376,181 | €366,464 | -€9,717 | -2.6% |
| Contributions | 10/11 | €212,317 | €212,317 | = | 0.0% |
| Capital | 10 | €212,317 | €212,317 | = | 0.0% |
| Issued capital | 100 | €212,317 | €212,317 | = | 0.0% |
| Reserves | 13 | €166,301 | €166,301 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,232 | €21,232 | = | 0.0% |
| Legal reserve | 130 | €21,232 | €21,232 | = | 0.0% |
| Tax-exempt reserves | 132 | €90,919 | €90,919 | = | 0.0% |
| Distributable reserves | 133 | €54,149 | €54,149 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,436 | -€12,154 | -€9,717 | -399% |
| Provisions and deferred taxes | 16 | €30,307 | €30,307 | = | 0.0% |
| Deferred taxes | 168 | €30,307 | €30,307 | = | 0.0% |
| Amounts payable | 17/49 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other operating charges | 640/8 | €2,540 | €2,614 | +€74 | +2.9% |
| Gross operating margin | 9900 | -€7,440 | -€7,760 | -€319 | -4.3% |
| Operating profit (loss) | 9901 | -€9,980 | -€10,373 | -€393 | -3.9% |
| Financial income | 75/76B | €74 | €2,941 | +€2,867 | +3,863% |
| Recurring financial income | 75 | €74 | €2,941 | +€2,867 | +3,863% |
| Financial charges | 65/66B | €24 | €140 | +€116 | +484% |
| Recurring financial charges | 65 | €24 | €140 | +€116 | +484% |
| Profit (loss) for the period before taxes | 9903 | -€9,930 | -€7,573 | +€2,357 | +23.7% |
| Income taxes | 67/77 | €132 | €2,145 | +€2,012 | +1,523% |
| Profit (loss) for the period | 9904 | -€10,062 | -€9,717 | +€345 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,062 | -€9,717 | +€345 | +3.4% |
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 22 October 2026 via checked.be.