KENKENKEN: 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.
KENKENKEN
Largest movements
- Tangible fixed assets +€290,539
up €290,539 (+9,880%), from €2,941 to €293,479
of which Land and buildings: +€286,079
- Cash -€75,807
down €75,807 (-46.1%), from €164,486 to €88,679
mainly Investment in fixed assets (net) (-€299,642) and Tax, wage and social debts (-€9,733)
- Debts after one year +€187,642
new in 2026: €187,642
- Reserves +€14,762
up €14,762 (+28.6%), from €51,659 to €66,421
- Other debts +€13,240
up €13,240 (+630%), from €2,100 to €15,341
- Tax, wage and social debts -€9,733
down €9,733 (-66.1%), from €14,716 to €4,983
- Current portion of long-term debt +€5,231
new in 2026: €5,231
- Gross operating margin +€8,067
up €8,067 (+29.1%), from €27,753 to €35,819
- Depreciation +€6,633
up €6,633 (+268%), from €2,470 to €9,103
- Taxes -€2,712
down €2,712 (-27.4%), from €9,899 to €7,187
- Financial charges +€2,604
up €2,604 (+434%), from €600 to €3,205
- Other operating charges +€1,928
up €1,928 (+457%), from €422 to €2,350
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €182,177 | €394,732 | +€212,555 | +117% |
| Fixed assets | 21/28 | €2,941 | €293,479 | +€290,539 | +9,880% |
| Tangible fixed assets | 22/27 | €2,941 | €293,479 | +€290,539 | +9,880% |
| Land and buildings | 22 | - | €286,079 | +€286,079 | |
| Plant, machinery and equipment | 23 | €678 | €316 | -€362 | -53.4% |
| Furniture and vehicles | 24 | €2,263 | €7,084 | +€4,821 | +213% |
| Current assets | 29/58 | €179,237 | €101,253 | -€77,984 | -43.5% |
| Amounts receivable within one year | 40/41 | €13,429 | €10,700 | -€2,729 | -20.3% |
| Trade receivables | 40 | €11,279 | €4,200 | -€7,079 | -62.8% |
| Other amounts receivable | 41 | €2,150 | €6,500 | +€4,350 | +202% |
| Cash at bank and in hand | 54/58 | €164,486 | €88,679 | -€75,807 | -46.1% |
| Deferred charges and accrued income | 490/1 | €1,321 | €1,874 | +€553 | +41.8% |
| Total equity and liabilities | 10/49 | €182,177 | €394,732 | +€212,555 | +117% |
| Equity | 10/15 | €165,220 | €179,982 | +€14,762 | +8.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €51,659 | €66,421 | +€14,762 | +28.6% |
| Distributable reserves | 133 | €51,659 | €66,421 | +€14,762 | +28.6% |
| Profit (loss) carried forward | 14 | €88,561 | €88,561 | = | 0.0% |
| Amounts payable | 17/49 | €16,957 | €214,750 | +€197,793 | +1,166% |
| Amounts payable after more than one year | 17 | - | €187,642 | +€187,642 | |
| Financial debts | 170/4 | - | €187,642 | +€187,642 | |
| Amounts payable within one year | 42/48 | €16,957 | €27,108 | +€10,151 | +59.9% |
| Current portion of amounts payable after more than one year | 42 | - | €5,231 | +€5,231 | |
| Trade debts | 44 | €140 | €1,554 | +€1,413 | +1,006% |
| Suppliers | 440/4 | €140 | €1,554 | +€1,413 | +1,006% |
| Taxes, remuneration and social security | 45 | €14,716 | €4,983 | -€9,733 | -66.1% |
| Taxes | 450/3 | €14,716 | €4,983 | -€9,733 | -66.1% |
| Other amounts payable | 47/48 | €2,100 | €15,341 | +€13,240 | +630% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,470 | €9,103 | +€6,633 | +268% |
| Other operating charges | 640/8 | €422 | €2,350 | +€1,928 | +457% |
| Gross operating margin | 9900 | €27,753 | €35,819 | +€8,067 | +29.1% |
| Operating profit (loss) | 9901 | €24,860 | €24,367 | -€494 | -2.0% |
| Financial income | 75/76B | €750 | €787 | +€37 | +5.0% |
| Recurring financial income | 75 | €750 | €787 | +€37 | +5.0% |
| Financial charges | 65/66B | €600 | €3,205 | +€2,604 | +434% |
| Recurring financial charges | 65 | €600 | €3,205 | +€2,604 | +434% |
| Profit (loss) for the period before taxes | 9903 | €25,010 | €21,949 | -€3,061 | -12.2% |
| Income taxes | 67/77 | €9,899 | €7,187 | -€2,712 | -27.4% |
| Profit (loss) for the period | 9904 | €15,111 | €14,762 | -€349 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,111 | €14,762 | -€349 | -2.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.