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 +€157,233
up €157,233 (+104%), from €151,633 to €308,865
of which Trade receivables: +€153,671
- Tangible fixed assets -€61,841
down €61,841 (-27.9%), from €221,499 to €159,658
of which Land and buildings: -€46,035
- Stocks and contracts +€55,248
up €55,248 (+19.9%), from €278,148 to €333,396
- Advances received +€87,850
up €87,850 (+1,583%), from €5,550 to €93,400
- Trade debts +€55,809
up €55,809 (+43.6%), from €128,024 to €183,833
- Debts after one year -€43,927
down €43,927 (-6.8%), from €641,575 to €597,648
- Other debts +€25,555
up €25,555 (+8.5%), from €301,014 to €326,570
- Tax, wage and social debts +€20,069
up €20,069 (+97.1%), from €20,667 to €40,736
of which Taxes: +€28,070
- Gross operating margin -€57,013
down €57,013 (-21.6%), from €264,135 to €207,123
- Staff costs -€36,215
down €36,215 (-28.1%), from €128,889 to €92,674
- Write-downs -€33,920
down €33,920, from €16,960 to -€16,960
- Other operating charges +€9,911
up €9,911 (+39.1%), from €25,377 to €35,288
- Depreciation +€5,691
up €5,691 (+9.7%), from €58,400 to €64,091
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 | €673,611 | €823,132 | +€149,522 | +22.2% |
| Fixed assets | 21/28 | €221,539 | €159,698 | -€61,841 | -27.9% |
| Tangible fixed assets | 22/27 | €221,499 | €159,658 | -€61,841 | -27.9% |
| Land and buildings | 22 | €184,196 | €138,161 | -€46,035 | -25.0% |
| Plant, machinery and equipment | 23 | €35,375 | €20,576 | -€14,799 | -41.8% |
| Furniture and vehicles | 24 | €1,928 | €921 | -€1,007 | -52.2% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €452,072 | €663,435 | +€211,363 | +46.8% |
| Stocks and contracts in progress | 3 | €278,148 | €333,396 | +€55,248 | +19.9% |
| Stocks | 30/36 | €278,148 | €333,396 | +€55,248 | +19.9% |
| Amounts receivable within one year | 40/41 | €151,633 | €308,865 | +€157,233 | +104% |
| Trade receivables | 40 | €145,892 | €299,563 | +€153,671 | +105% |
| Other amounts receivable | 41 | €5,741 | €9,302 | +€3,562 | +62.0% |
| Cash at bank and in hand | 54/58 | €22,291 | €21,173 | -€1,118 | -5.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €673,611 | €823,132 | +€149,522 | +22.2% |
| Equity | 10/15 | -€473,056 | -€470,981 | +€2,075 | +0.4% |
| Contributions | 10/11 | €95,000 | €95,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€568,056 | -€565,981 | +€2,075 | +0.4% |
| Amounts payable | 17/49 | €1,146,667 | €1,294,113 | +€147,447 | +12.9% |
| Amounts payable after more than one year | 17 | €641,575 | €597,648 | -€43,927 | -6.8% |
| Financial debts | 170/4 | €641,575 | €597,648 | -€43,927 | -6.8% |
| Amounts payable within one year | 42/48 | €498,092 | €688,465 | +€190,373 | +38.2% |
| Current portion of amounts payable after more than one year | 42 | €42,837 | €43,927 | +€1,090 | +2.5% |
| Trade debts | 44 | €128,024 | €183,833 | +€55,809 | +43.6% |
| Suppliers | 440/4 | €128,024 | €183,833 | +€55,809 | +43.6% |
| Advances received on contracts in progress | 46 | €5,550 | €93,400 | +€87,850 | +1,583% |
| Taxes, remuneration and social security | 45 | €20,667 | €40,736 | +€20,069 | +97.1% |
| Taxes | 450/3 | €1,014 | €29,084 | +€28,070 | +2,768% |
| Remuneration and social security | 454/9 | €19,653 | €11,652 | -€8,000 | -40.7% |
| Other amounts payable | 47/48 | €301,014 | €326,570 | +€25,555 | +8.5% |
| Accrued charges and deferred income | 492/3 | €7,000 | €8,000 | +€1,000 | +14.3% |
| Non-recurring operating income | 76A | €3,500 | €0 | -€3,500 | -100% |
| Remuneration, social security and pensions | 62 | €128,889 | €92,674 | -€36,215 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,400 | €64,091 | +€5,691 | +9.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,960 | -€16,960 | -€33,920 | |
| Other operating charges | 640/8 | €25,377 | €35,288 | +€9,911 | +39.1% |
| Gross operating margin | 9900 | €264,135 | €207,123 | -€57,013 | -21.6% |
| Operating profit (loss) | 9901 | €34,509 | €32,030 | -€2,479 | -7.2% |
| Financial income | 75/76B | €968 | €695 | -€273 | -28.2% |
| Recurring financial income | 75 | €968 | €695 | -€273 | -28.2% |
| Financial charges | 65/66B | €25,136 | €30,650 | +€5,514 | +21.9% |
| Recurring financial charges | 65 | €25,136 | €30,650 | +€5,514 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €10,341 | €2,075 | -€8,266 | -79.9% |
| Profit (loss) for the period | 9904 | €10,341 | €2,075 | -€8,266 | -79.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,341 | €2,075 | -€8,266 | -79.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.