KENIZ: what changed
Two fiscal 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.
KENIZ
Largest movements
- Receivables within one year +€39,009
up €39,009 (+15.8%), from €246,453 to €285,462
of which Trade receivables: +€37,326
- Tangible fixed assets -€12,984
down €12,984 (-60.9%), from €21,317 to €8,333
- Cash -€4,970
down €4,970 (-98.3%), from €5,055 to €85
mainly Receivables within one year (-€39,009) and Other debts (-€26,200)
- Trade debts +€31,716
up €31,716 (+46.5%), from €68,211 to €99,926
- Other debts -€26,200
down €26,200 (-29.1%), from €90,000 to €63,800
- Tax, wage and social debts +€13,575
up €13,575 (+35.8%), from €37,960 to €51,535
- Gross operating margin -€6,452
down €6,452 (-19.5%), from €33,014 to €26,562
- Taxes -€4,266
no longer reported in 2024 (was €4,266)
- Depreciation +€4,042
up €4,042 (+23.9%), from €16,887 to €20,928
- Other operating charges +€3,476
up €3,476 (+3131.2%), from €111 to €3,587
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €272,825 | €293,880 | +€21,055 | +7.7% |
| Fixed assets | 21/28 | €21,317 | €8,333 | -€12,984 | -60.9% |
| Tangible fixed assets | 22/27 | €21,317 | €8,333 | -€12,984 | -60.9% |
| Furniture and vehicles | 24 | €21,317 | €8,333 | -€12,984 | -60.9% |
| Current assets | 29/58 | €251,508 | €285,547 | +€34,039 | +13.5% |
| Amounts receivable within one year | 40/41 | €246,453 | €285,462 | +€39,009 | +15.8% |
| Trade receivables | 40 | €204,453 | €241,779 | +€37,326 | +18.3% |
| Other amounts receivable | 41 | €42,000 | €43,683 | +€1,683 | +4.0% |
| Cash at bank and in hand | 54/58 | €5,055 | €85 | -€4,970 | -98.3% |
| Total equity and liabilities | 10/49 | €272,825 | €293,880 | +€21,055 | +7.7% |
| Equity | 10/15 | €35,028 | €36,992 | +€1,964 | +5.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,828 | €30,792 | +€1,964 | +6.8% |
| Amounts payable | 17/49 | €237,797 | €256,888 | +€19,091 | +8.0% |
| Amounts payable within one year | 42/48 | €237,797 | €256,888 | +€19,091 | +8.0% |
| Trade debts | 44 | €68,211 | €99,926 | +€31,716 | +46.5% |
| Suppliers | 440/4 | €68,211 | €99,926 | +€31,716 | +46.5% |
| Advances received on contracts in progress | 46 | €41,626 | €41,626 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €37,960 | €51,535 | +€13,575 | +35.8% |
| Taxes | 450/3 | €37,960 | €51,535 | +€13,575 | +35.8% |
| Other amounts payable | 47/48 | €90,000 | €63,800 | -€26,200 | -29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,887 | €20,928 | +€4,042 | +23.9% |
| Other operating charges | 640/8 | €111 | €3,587 | +€3,476 | +3131.2% |
| Gross operating margin | 9900 | €33,014 | €26,562 | -€6,452 | -19.5% |
| Operating profit (loss) | 9901 | €16,016 | €2,047 | -€13,969 | -87.2% |
| Financial charges | 65/66B | €141 | €83 | -€58 | -41.2% |
| Recurring financial charges | 65 | €141 | €83 | -€58 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | €15,875 | €1,964 | -€13,911 | -87.6% |
| Income taxes | 67/77 | €4,266 | - | -€4,266 | |
| Profit (loss) for the period | 9904 | €11,609 | €1,964 | -€9,645 | -83.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,609 | €1,964 | -€9,645 | -83.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.