KENIS WILLY: 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 WILLY
Largest movements
- Cash +€18,980
up €18,980 (+203%), from €9,348 to €28,328
mainly Net result for the year (+€30,150) and Receivables within one year (+€16,453)
- Receivables within one year -€16,453
down €16,453 (-55.6%), from €29,595 to €13,143
of which Other amounts receivable: -€13,666
- Tangible fixed assets +€9,474
up €9,474 (+21.0%), from €45,019 to €54,494
of which Plant, machinery and equipment: +€13,100
- Reserves +€16,326
up €16,326 (+60.9%), from €26,825 to €43,151
of which Distributable reserves: +€16,326
- Current portion of long-term debt -€14,650
down €14,650 (-67.4%), from €21,744 to €7,094
- Profit (loss) carried forward +€13,824
up €13,824, from -€13,824 to €0
- Debts after one year -€7,094
down €7,094 (-22.9%), from €30,982 to €23,888
- Trade debts +€5,726
up €5,726 (+410%), from €1,396 to €7,122
- Gross operating margin +€22,114
up €22,114 (+43.7%), from €50,641 to €72,754
- Depreciation -€19,782
down €19,782 (-72.9%), from €27,150 to €7,369
- Financial charges +€16,992
up €16,992 (+425%), from €3,995 to €20,987
- Taxes +€9,200
up €9,200 (+278%), from €3,311 to €12,511
- Financial income -€812
down €812 (-74.1%), from €1,096 to €283
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 | €85,461 | €97,126 | +€11,666 | +13.7% |
| Fixed assets | 21/28 | €45,019 | €54,494 | +€9,474 | +21.0% |
| Tangible fixed assets | 22/27 | €45,019 | €54,494 | +€9,474 | +21.0% |
| Land and buildings | 22 | €23,602 | €20,607 | -€2,996 | -12.7% |
| Plant, machinery and equipment | 23 | €15,701 | €28,801 | +€13,100 | +83.4% |
| Furniture and vehicles | 24 | €5,716 | €5,086 | -€630 | -11.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €40,441 | €42,632 | +€2,191 | +5.4% |
| Amounts receivable within one year | 40/41 | €29,595 | €13,143 | -€16,453 | -55.6% |
| Trade receivables | 40 | €6,513 | €3,726 | -€2,787 | -42.8% |
| Other amounts receivable | 41 | €23,083 | €9,417 | -€13,666 | -59.2% |
| Cash at bank and in hand | 54/58 | €9,348 | €28,328 | +€18,980 | +203% |
| Deferred charges and accrued income | 490/1 | €1,498 | €1,162 | -€336 | -22.4% |
| Total equity and liabilities | 10/49 | €85,461 | €97,126 | +€11,666 | +13.7% |
| Equity | 10/15 | €25,401 | €55,551 | +€30,150 | +119% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €26,825 | €43,151 | +€16,326 | +60.9% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,151 | €2,151 | = | 0.0% |
| Distributable reserves | 133 | €22,774 | €39,100 | +€16,326 | +71.7% |
| Profit (loss) carried forward | 14 | -€13,824 | €0 | +€13,824 | |
| Amounts payable | 17/49 | €60,059 | €41,575 | -€18,484 | -30.8% |
| Amounts payable after more than one year | 17 | €30,982 | €23,888 | -€7,094 | -22.9% |
| Financial debts | 170/4 | €30,982 | €23,888 | -€7,094 | -22.9% |
| Amounts payable within one year | 42/48 | €27,473 | €16,083 | -€11,390 | -41.5% |
| Current portion of amounts payable after more than one year | 42 | €21,744 | €7,094 | -€14,650 | -67.4% |
| Financial debts | 43 | €2,022 | €230 | -€1,791 | -88.6% |
| Credit institutions | 430/8 | €2,022 | €230 | -€1,791 | -88.6% |
| Trade debts | 44 | €1,396 | €7,122 | +€5,726 | +410% |
| Suppliers | 440/4 | €1,396 | €7,122 | +€5,726 | +410% |
| Taxes, remuneration and social security | 45 | €2,311 | €1,636 | -€675 | -29.2% |
| Taxes | 450/3 | €2,311 | €0 | -€2,311 | -100% |
| Remuneration and social security | 454/9 | €0 | €1,636 | +€1,636 | |
| Accrued charges and deferred income | 492/3 | €1,605 | €1,605 | = | 0.0% |
| Non-recurring operating income | 76A | - | €19,613 | +€19,613 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,150 | €7,369 | -€19,782 | -72.9% |
| Other operating charges | 640/8 | €1,888 | €2,022 | +€134 | +7.1% |
| Gross operating margin | 9900 | €50,641 | €72,754 | +€22,114 | +43.7% |
| Operating profit (loss) | 9901 | €21,603 | €63,364 | +€41,761 | +193% |
| Financial income | 75/76B | €1,096 | €283 | -€812 | -74.1% |
| Recurring financial income | 75 | €1,096 | €283 | -€812 | -74.1% |
| Financial charges | 65/66B | €3,995 | €20,987 | +€16,992 | +425% |
| Recurring financial charges | 65 | €3,995 | €20,987 | +€16,992 | +425% |
| Profit (loss) for the period before taxes | 9903 | €18,704 | €42,661 | +€23,957 | +128% |
| Income taxes | 67/77 | €3,311 | €12,511 | +€9,200 | +278% |
| Profit (loss) for the period | 9904 | €15,392 | €30,150 | +€14,757 | +95.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,392 | €30,150 | +€14,757 | +95.9% |
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 25 October 2026 via checked.be.