KENKIAR: 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.
KENKIAR
Largest movements
- Cash +€51,186
up €51,186 (+121871.4%), from €42 to €51,228
mainly Receivables within one year (+€45,404) and Other debts (+€37,406)
- Receivables within one year -€45,404
down €45,404 (-39.5%), from €114,927 to €69,523
of which Trade receivables: -€49,276
- Financial fixed assets +€6,750
new in 2025: €6,750
- Deferred charges and accrued income +€5,439
up €5,439 (+358.8%), from €1,516 to €6,955
- Other debts +€37,406
up €37,406 (+377.1%), from €9,920 to €47,326
- Trade debts -€32,188
down €32,188 (-80.0%), from €40,210 to €8,022
- Short-term financial debts -€30,768
no longer reported in 2025 (was €30,768)
- Profit (loss) carried forward +€16,796
up €16,796 (+55.8%), from €30,076 to €46,872
- Debts after one year +€13,915
new in 2025: €13,915
- Turnover +€114,139
up €114,139 (+64.4%), from €177,229 to €291,368
- Gross operating margin +€81,692
up €81,692 (+361.6%), from €22,592 to €104,284
- Other operating charges +€59,164
up €59,164 (+376.7%), from €15,707 to €74,871
- Purchases and services +€29,343
up €29,343 (+18.6%), from €157,741 to €187,084
- Taxes +€6,897
up €6,897 (+229900.0%), from €3 to €6,900
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.
Cash bridge derived
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 | €117,955 | €135,355 | +€17,400 | +14.8% |
| Formation expenses | 20 | €638 | €313 | -€325 | -50.9% |
| Fixed assets | 21/28 | €832 | €7,336 | +€6,504 | +781.7% |
| Tangible fixed assets | 22/27 | €832 | €586 | -€246 | -29.6% |
| Plant, machinery and equipment | 23 | €291 | €243 | -€48 | -16.5% |
| Other tangible fixed assets | 26 | €541 | €343 | -€198 | -36.6% |
| Financial fixed assets | 28 | - | €6,750 | +€6,750 | |
| Current assets | 29/58 | €116,485 | €127,706 | +€11,221 | +9.6% |
| Amounts receivable within one year | 40/41 | €114,927 | €69,523 | -€45,404 | -39.5% |
| Trade receivables | 40 | €109,205 | €59,929 | -€49,276 | -45.1% |
| Other amounts receivable | 41 | €5,722 | €9,594 | +€3,872 | +67.7% |
| Cash at bank and in hand | 54/58 | €42 | €51,228 | +€51,186 | +121871.4% |
| Deferred charges and accrued income | 490/1 | €1,516 | €6,955 | +€5,439 | +358.8% |
| Total equity and liabilities | 10/49 | €117,955 | €135,355 | +€17,400 | +14.8% |
| Equity | 10/15 | €33,076 | €49,872 | +€16,796 | +50.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,076 | €46,872 | +€16,796 | +55.8% |
| Amounts payable | 17/49 | €84,879 | €85,483 | +€604 | +0.7% |
| Amounts payable after more than one year | 17 | - | €13,915 | +€13,915 | |
| Financial debts | 170/4 | - | €13,915 | +€13,915 | |
| Amounts payable within one year | 42/48 | €84,879 | €71,568 | -€13,311 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €1,221 | €7,953 | +€6,732 | +551.4% |
| Financial debts | 43 | €30,768 | - | -€30,768 | |
| Credit institutions | 430/8 | €30,768 | - | -€30,768 | |
| Trade debts | 44 | €40,210 | €8,022 | -€32,188 | -80.0% |
| Suppliers | 440/4 | €40,210 | €8,022 | -€32,188 | -80.0% |
| Taxes, remuneration and social security | 45 | €2,760 | €8,267 | +€5,507 | +199.5% |
| Taxes | 450/3 | €867 | €8,267 | +€7,400 | +853.5% |
| Remuneration and social security | 454/9 | €1,893 | - | -€1,893 | |
| Other amounts payable | 47/48 | €9,920 | €47,326 | +€37,406 | +377.1% |
| Turnover | 70 | €177,229 | €291,368 | +€114,139 | +64.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €157,741 | €187,084 | +€29,343 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,114 | €861 | -€253 | -22.7% |
| Other operating charges | 640/8 | €15,707 | €74,871 | +€59,164 | +376.7% |
| Gross operating margin | 9900 | €22,592 | €104,284 | +€81,692 | +361.6% |
| Operating profit (loss) | 9901 | €5,771 | €28,552 | +€22,781 | +394.7% |
| Financial income | 75/76B | €5,010 | €1 | -€5,009 | -100.0% |
| Recurring financial income | 75 | €10 | €1 | -€9 | -90.0% |
| Non-recurring financial income | 76B | €5,000 | - | -€5,000 | |
| Financial charges | 65/66B | €9,568 | €4,857 | -€4,711 | -49.2% |
| Recurring financial charges | 65 | €9,568 | €4,857 | -€4,711 | -49.2% |
| Profit (loss) for the period before taxes | 9903 | €1,213 | €23,696 | +€22,483 | +1853.5% |
| Income taxes | 67/77 | €3 | €6,900 | +€6,897 | +229900.0% |
| Profit (loss) for the period | 9904 | €1,210 | €16,796 | +€15,586 | +1288.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,210 | €16,796 | +€15,586 | +1288.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.