Kenko Studio: 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 Studio
Largest movements
- Cash -€21,561
down €21,561 (-71.1%), from €30,312 to €8,750
mainly Receivables within one year (-€18,279) and Trade debts (-€9,266)
- Receivables within one year +€18,279
up €18,279 (+172.8%), from €10,581 to €28,860
of which Trade receivables: +€21,079
- Tangible fixed assets -€2,644
down €2,644 (-24.1%), from €10,950 to €8,306
of which Other tangible fixed assets: -€3,657
- Trade debts -€9,266
down €9,266 (-31.3%), from €29,646 to €20,380
- Tax, wage and social debts +€8,391
up €8,391 (+260.6%), from €3,219 to €11,611
- Profit (loss) carried forward -€5,051
down €5,051 (-46.9%), from €10,762 to €5,711
- Gross operating margin -€32,780
down €32,780, from €31,730 to -€1,050
- Taxes -€9,038
down €9,038, from €7,000 to -€2,038
- Other operating charges -€3,236
down €3,236 (-96.4%), from €3,356 to €120
- Depreciation +€2,098
up €2,098 (+109.7%), from €1,913 to €4,010
- Financial charges +€1,551
up €1,551 (+718.7%), from €216 to €1,767
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 | €53,627 | €47,702 | -€5,926 | -11.0% |
| Fixed assets | 21/28 | €12,735 | €10,091 | -€2,644 | -20.8% |
| Tangible fixed assets | 22/27 | €10,950 | €8,306 | -€2,644 | -24.1% |
| Plant, machinery and equipment | 23 | - | €1,014 | +€1,014 | |
| Other tangible fixed assets | 26 | €10,950 | €7,293 | -€3,657 | -33.4% |
| Financial fixed assets | 28 | €1,785 | €1,785 | = | 0.0% |
| Current assets | 29/58 | €40,892 | €37,610 | -€3,282 | -8.0% |
| Amounts receivable within one year | 40/41 | €10,581 | €28,860 | +€18,279 | +172.8% |
| Trade receivables | 40 | - | €21,079 | +€21,079 | |
| Other amounts receivable | 41 | €10,581 | €7,781 | -€2,800 | -26.5% |
| Cash at bank and in hand | 54/58 | €30,312 | €8,750 | -€21,561 | -71.1% |
| Total equity and liabilities | 10/49 | €53,627 | €47,702 | -€5,926 | -11.0% |
| Equity | 10/15 | €20,762 | €15,711 | -€5,051 | -24.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,762 | €5,711 | -€5,051 | -46.9% |
| Amounts payable | 17/49 | €32,865 | €31,991 | -€875 | -2.7% |
| Amounts payable within one year | 42/48 | €32,865 | €31,991 | -€875 | -2.7% |
| Trade debts | 44 | €29,646 | €20,380 | -€9,266 | -31.3% |
| Suppliers | 440/4 | €29,646 | €20,380 | -€9,266 | -31.3% |
| Taxes, remuneration and social security | 45 | €3,219 | €11,611 | +€8,391 | +260.6% |
| Taxes | 450/3 | €3,219 | €11,611 | +€8,391 | +260.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,913 | €4,010 | +€2,098 | +109.7% |
| Other operating charges | 640/8 | €3,356 | €120 | -€3,236 | -96.4% |
| Non-recurring operating charges | 66A | - | €154 | +€154 | |
| Gross operating margin | 9900 | €31,730 | -€1,050 | -€32,780 | |
| Operating profit (loss) | 9901 | €26,461 | -€5,334 | -€31,795 | |
| Financial income | 75/76B | €27 | €12 | -€16 | -57.0% |
| Recurring financial income | 75 | €27 | €12 | -€16 | -57.0% |
| Financial charges | 65/66B | €216 | €1,767 | +€1,551 | +718.7% |
| Recurring financial charges | 65 | €216 | €1,767 | +€1,551 | +718.7% |
| Profit (loss) for the period before taxes | 9903 | €26,273 | -€7,089 | -€33,361 | |
| Income taxes | 67/77 | €7,000 | -€2,038 | -€9,038 | |
| Profit (loss) for the period | 9904 | €19,273 | -€5,051 | -€24,324 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,273 | -€5,051 | -€24,324 |
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 11 October 2026 via checked.be.