Kenis David: what changed
Kenis David
Largest movements
- Tangible fixed assets -€10,207
down €10,207 (-25.5%), from €40,084 to €29,878
of which Leasing and similar rights: -€8,417
- Stocks and contracts -€2,293
down €2,293 (-26.5%), from €8,643 to €6,350
of which Contracts in progress: -€2,293
- Cash +€1,998
new in 2025: €1,998
mainly Depreciation (+€14,113) and Net result for the year (+€13,281)
- Receivables within one year -€1,045
down €1,045 (-2.4%), from €42,798 to €41,753
of which Other amounts receivable: -€19,861
- Trade debts -€16,761
down €16,761 (-36.7%), from €45,687 to €28,926
- Reserves +€13,281
up €13,281 (+2,015%), from €659 to €13,940
- Debts after one year -€8,252
down €8,252 (-46.6%), from €17,720 to €9,468
- Financial charges -€7,284
down €7,284 (-47.6%), from €15,315 to €8,031
- Taxes +€3,824
up €3,824 (+1,281%), from €298 to €4,123
- Other operating charges -€2,559
down €2,559 (-94.4%), from €2,710 to €150
- Gross operating margin -€2,411
down €2,411 (-5.8%), from €41,433 to €39,022
- Depreciation +€1,689
up €1,689 (+13.6%), from €12,424 to €14,113
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,614 | €80,022 | -€11,592 | -12.7% |
| Fixed assets | 21/28 | €40,084 | €29,878 | -€10,207 | -25.5% |
| Tangible fixed assets | 22/27 | €40,084 | €29,878 | -€10,207 | -25.5% |
| Plant, machinery and equipment | 23 | €2,711 | €3,382 | +€672 | +24.8% |
| Furniture and vehicles | 24 | €9,216 | €6,755 | -€2,461 | -26.7% |
| Leasing and similar rights | 25 | €28,157 | €19,740 | -€8,417 | -29.9% |
| Current assets | 29/58 | €51,529 | €50,144 | -€1,385 | -2.7% |
| Stocks and contracts in progress | 3 | €8,643 | €6,350 | -€2,293 | -26.5% |
| Stocks | 30/36 | €6,350 | €6,350 | = | 0.0% |
| Contracts in progress | 37 | €2,293 | €0 | -€2,293 | -100% |
| Amounts receivable within one year | 40/41 | €42,798 | €41,753 | -€1,045 | -2.4% |
| Trade receivables | 40 | €13,422 | €32,238 | +€18,817 | +140% |
| Other amounts receivable | 41 | €29,376 | €9,515 | -€19,861 | -67.6% |
| Cash at bank and in hand | 54/58 | - | €1,998 | +€1,998 | |
| Deferred charges and accrued income | 490/1 | €88 | €44 | -€44 | -50.3% |
| Total equity and liabilities | 10/49 | €91,614 | €80,022 | -€11,592 | -12.7% |
| Equity | 10/15 | €6,859 | €20,140 | +€13,281 | +194% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €659 | €13,940 | +€13,281 | +2,015% |
| Distributable reserves | 133 | €659 | €13,940 | +€13,281 | +2,015% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €84,754 | €59,882 | -€24,873 | -29.3% |
| Amounts payable after more than one year | 17 | €17,720 | €9,468 | -€8,252 | -46.6% |
| Financial debts | 170/4 | €17,720 | €9,468 | -€8,252 | -46.6% |
| Amounts payable within one year | 42/48 | €67,035 | €50,414 | -€16,621 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €7,810 | €8,252 | +€442 | +5.7% |
| Financial debts | 43 | €5,000 | €5,207 | +€207 | +4.1% |
| Credit institutions | 430/8 | €5,000 | €5,207 | +€207 | +4.1% |
| Trade debts | 44 | €45,687 | €28,926 | -€16,761 | -36.7% |
| Suppliers | 440/4 | €45,687 | €28,926 | -€16,761 | -36.7% |
| Taxes, remuneration and social security | 45 | €8,538 | €8,029 | -€509 | -6.0% |
| Taxes | 450/3 | €8,538 | €8,029 | -€509 | -6.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,424 | €14,113 | +€1,689 | +13.6% |
| Other operating charges | 640/8 | €2,710 | €150 | -€2,559 | -94.4% |
| Non-recurring operating charges | 66A | €123 | €0 | -€123 | -100% |
| Gross operating margin | 9900 | €41,433 | €39,022 | -€2,411 | -5.8% |
| Operating profit (loss) | 9901 | €26,176 | €24,759 | -€1,418 | -5.4% |
| Financial income | 75/76B | €1,050 | €676 | -€374 | -35.6% |
| Recurring financial income | 75 | €1,050 | €676 | -€374 | -35.6% |
| Financial charges | 65/66B | €15,315 | €8,031 | -€7,284 | -47.6% |
| Recurring financial charges | 65 | €15,315 | €8,031 | -€7,284 | -47.6% |
| Profit (loss) for the period before taxes | 9903 | €11,911 | €17,404 | +€5,493 | +46.1% |
| Income taxes | 67/77 | €298 | €4,123 | +€3,824 | +1,281% |
| Profit (loss) for the period | 9904 | €11,612 | €13,281 | +€1,668 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,612 | €13,281 | +€1,668 | +14.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.