KENIS: 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.
KENIS
Largest movements
- Receivables within one year +€652,740
up €652,740 (+1,076%), from €60,650 to €713,390
of which Other amounts receivable: +€660,000
- Cash -€371,113
down €371,113 (-81.9%), from €453,182 to €82,069
mainly Receivables within one year (-€652,740) and Deferred charges and accrued income (-€2,686)
- Reserves +€279,286
up €279,286 (+37.8%), from €738,673 to €1.0m
of which Distributable reserves: +€279,286
- Gross operating margin +€9,653
up €9,653 (+34.3%), from €28,126 to €37,779
- Taxes +€3,310
up €3,310 (+49.9%), from €6,634 to €9,945
- Financial income +€2,686
up €2,686 (+1.1%), from €250,000 to €252,686
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 | €1,996,854 | €2,281,167 | +€284,313 | +14.2% |
| Fixed assets | 21/28 | €1,483,022 | €1,483,022 | = | 0.0% |
| Financial fixed assets | 28 | €1,483,022 | €1,483,022 | = | 0.0% |
| Current assets | 29/58 | €513,832 | €798,145 | +€284,313 | +55.3% |
| Amounts receivable within one year | 40/41 | €60,650 | €713,390 | +€652,740 | +1,076% |
| Trade receivables | 40 | €60,650 | €53,390 | -€7,260 | -12.0% |
| Other amounts receivable | 41 | - | €660,000 | +€660,000 | |
| Cash at bank and in hand | 54/58 | €453,182 | €82,069 | -€371,113 | -81.9% |
| Deferred charges and accrued income | 490/1 | - | €2,686 | +€2,686 | |
| Total equity and liabilities | 10/49 | €1,996,854 | €2,281,167 | +€284,313 | +14.2% |
| Equity | 10/15 | €1,981,798 | €2,261,083 | +€279,286 | +14.1% |
| Contributions | 10/11 | €1,243,125 | €1,243,125 | = | 0.0% |
| Reserves | 13 | €738,673 | €1,017,959 | +€279,286 | +37.8% |
| Non-distributable reserves | 130/1 | €133,353 | €133,353 | = | 0.0% |
| Reserves not available under the articles | 1311 | €133,353 | €133,353 | = | 0.0% |
| Distributable reserves | 133 | €605,320 | €884,606 | +€279,286 | +46.1% |
| Amounts payable | 17/49 | €15,056 | €20,084 | +€5,027 | +33.4% |
| Amounts payable within one year | 42/48 | €14,306 | €19,334 | +€5,027 | +35.1% |
| Trade debts | 44 | €4,346 | €4,176 | -€170 | -3.9% |
| Suppliers | 440/4 | €4,346 | €4,176 | -€170 | -3.9% |
| Taxes, remuneration and social security | 45 | €9,960 | €15,158 | +€5,197 | +52.2% |
| Taxes | 450/3 | €7,805 | €10,834 | +€3,029 | +38.8% |
| Remuneration and social security | 454/9 | €2,155 | €4,324 | +€2,169 | +101% |
| Accrued charges and deferred income | 492/3 | €750 | €750 | = | 0.0% |
| Other operating charges | 640/8 | €1,549 | €1,184 | -€365 | -23.6% |
| Gross operating margin | 9900 | €28,126 | €37,779 | +€9,653 | +34.3% |
| Operating profit (loss) | 9901 | €26,577 | €36,595 | +€10,018 | +37.7% |
| Financial income | 75/76B | €250,000 | €252,686 | +€2,686 | +1.1% |
| Recurring financial income | 75 | €250,000 | €252,686 | +€2,686 | +1.1% |
| Financial charges | 65/66B | €40 | €50 | +€11 | +26.9% |
| Recurring financial charges | 65 | €40 | €50 | +€11 | +26.9% |
| Profit (loss) for the period before taxes | 9903 | €276,537 | €289,230 | +€12,693 | +4.6% |
| Income taxes | 67/77 | €6,634 | €9,945 | +€3,310 | +49.9% |
| Profit (loss) for the period | 9904 | €269,903 | €279,286 | +€9,383 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €269,903 | €279,286 | +€9,383 | +3.5% |
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 13 October 2026 via checked.be.