KenKo Niko: 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.
KenKo Niko
Largest movements
- Receivables after one year +€76,000
up €76,000 (+317%), from €24,000 to €100,000
- Cash -€21,347
down €21,347 (-38.2%), from €55,892 to €34,545
mainly Receivables after one year (-€76,000) and Contributions, distributions and other (-€50,000)
- Receivables within one year +€11,629
up €11,629 (+72.0%), from €16,156 to €27,785
of which Other amounts receivable: +€8,042
- Tangible fixed assets -€6,592
down €6,592 (-27.0%), from €24,388 to €17,796
of which Furniture and vehicles: -€6,577
- Debts after one year +€59,922
up €59,922 (+595%), from €10,067 to €69,989
- Tax, wage and social debts -€20,374
down €20,374 (-42.6%), from €47,831 to €27,457
- Current portion of long-term debt +€19,370
up €19,370 (+371%), from €5,224 to €24,594
- Gross operating margin +€12,057
up €12,057 (+18.3%), from €65,902 to €77,959
- Taxes +€7,039
up €7,039 (+54.5%), from €12,918 to €19,957
- Financial charges +€3,725
up €3,725 (+548%), from €680 to €4,405
- Financial income +€3,584
up €3,584 (+239%), from €1,500 to €5,084
- Depreciation +€787
up €787 (+12.2%), from €6,458 to €7,246
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 | €120,544 | €180,254 | +€59,710 | +49.5% |
| Fixed assets | 21/28 | €24,388 | €17,796 | -€6,592 | -27.0% |
| Tangible fixed assets | 22/27 | €24,388 | €17,796 | -€6,592 | -27.0% |
| Plant, machinery and equipment | 23 | €2,103 | €2,494 | +€392 | +18.6% |
| Furniture and vehicles | 24 | €18,269 | €11,692 | -€6,577 | -36.0% |
| Other tangible fixed assets | 26 | €4,017 | €3,610 | -€407 | -10.1% |
| Current assets | 29/58 | €96,156 | €162,458 | +€66,302 | +69.0% |
| Amounts receivable after more than one year | 29 | €24,000 | €100,000 | +€76,000 | +317% |
| Other amounts receivable | 291 | €24,000 | €100,000 | +€76,000 | +317% |
| Amounts receivable within one year | 40/41 | €16,156 | €27,785 | +€11,629 | +72.0% |
| Trade receivables | 40 | €1,450 | €5,036 | +€3,587 | +247% |
| Other amounts receivable | 41 | €14,706 | €22,748 | +€8,042 | +54.7% |
| Cash at bank and in hand | 54/58 | €55,892 | €34,545 | -€21,347 | -38.2% |
| Deferred charges and accrued income | 490/1 | €108 | €128 | +€20 | +18.3% |
| Total equity and liabilities | 10/49 | €120,544 | €180,254 | +€59,710 | +49.5% |
| Equity | 10/15 | €56,086 | €57,500 | +€1,415 | +2.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,086 | €53,500 | +€1,415 | +2.7% |
| Amounts payable | 17/49 | €64,459 | €122,754 | +€58,295 | +90.4% |
| Amounts payable after more than one year | 17 | €10,067 | €69,989 | +€59,922 | +595% |
| Financial debts | 170/4 | €10,067 | €69,989 | +€59,922 | +595% |
| Amounts payable within one year | 42/48 | €53,391 | €52,665 | -€727 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €5,224 | €24,594 | +€19,370 | +371% |
| Trade debts | 44 | €336 | €614 | +€278 | +82.6% |
| Suppliers | 440/4 | €336 | €614 | +€278 | +82.6% |
| Taxes, remuneration and social security | 45 | €47,831 | €27,457 | -€20,374 | -42.6% |
| Taxes | 450/3 | €47,831 | €27,457 | -€20,374 | -42.6% |
| Accrued charges and deferred income | 492/3 | €1,000 | €100 | -€900 | -90.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,458 | €7,246 | +€787 | +12.2% |
| Other operating charges | 640/8 | €255 | €22 | -€233 | -91.4% |
| Gross operating margin | 9900 | €65,902 | €77,959 | +€12,057 | +18.3% |
| Operating profit (loss) | 9901 | €59,189 | €70,692 | +€11,503 | +19.4% |
| Financial income | 75/76B | €1,500 | €5,084 | +€3,584 | +239% |
| Recurring financial income | 75 | €1,500 | €5,084 | +€3,584 | +239% |
| Financial charges | 65/66B | €680 | €4,405 | +€3,725 | +548% |
| Recurring financial charges | 65 | €680 | €4,405 | +€3,725 | +548% |
| Profit (loss) for the period before taxes | 9903 | €60,009 | €71,371 | +€11,362 | +18.9% |
| Income taxes | 67/77 | €12,918 | €19,957 | +€7,039 | +54.5% |
| Profit (loss) for the period | 9904 | €47,092 | €51,415 | +€4,323 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,092 | €51,415 | +€4,323 | +9.2% |
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 20 October 2026 via checked.be.