KENNIS: 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.
KENNIS
Largest movements
- Tangible fixed assets -€16,771
down €16,771 (-11.3%), from €148,439 to €131,668
of which Land and buildings: -€13,198
- Cash +€6,765
up €6,765 (+82.1%), from €8,239 to €15,005
mainly Depreciation (+€23,927) and Net result for the year (+€10,007)
- Debts after one year -€15,658
down €15,658 (-30.6%), from €51,133 to €35,474
- Profit (loss) carried forward +€10,007
up €10,007 (+11.9%), from -€84,223 to -€74,216
- Other debts -€2,959
down €2,959 (-2.5%), from €120,673 to €117,715
- Tax, wage and social debts -€1,697
down €1,697 (-68.2%), from €2,490 to €793
- Gross operating margin +€18,323
up €18,323 (+83.2%), from €22,029 to €40,353
- Other operating charges -€915
down €915 (-31.4%), from €2,913 to €1,999
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 | €158,465 | €147,938 | -€10,527 | -6.6% |
| Fixed assets | 21/28 | €148,439 | €131,668 | -€16,771 | -11.3% |
| Tangible fixed assets | 22/27 | €148,439 | €131,668 | -€16,771 | -11.3% |
| Land and buildings | 22 | €129,847 | €116,649 | -€13,198 | -10.2% |
| Plant, machinery and equipment | 23 | - | €7,016 | +€7,016 | |
| Furniture and vehicles | 24 | €18,592 | €8,002 | -€10,589 | -57.0% |
| Current assets | 29/58 | €10,026 | €16,270 | +€6,244 | +62.3% |
| Amounts receivable within one year | 40/41 | €1,787 | €1,266 | -€522 | -29.2% |
| Trade receivables | 40 | €1,787 | €1,227 | -€560 | -31.3% |
| Other amounts receivable | 41 | - | €38 | +€38 | |
| Cash at bank and in hand | 54/58 | €8,239 | €15,005 | +€6,765 | +82.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €158,465 | €147,938 | -€10,527 | -6.6% |
| Equity | 10/15 | -€34,700 | -€24,693 | +€10,007 | +28.8% |
| Contributions | 10/11 | €12,358 | €12,358 | = | 0.0% |
| Reserves | 13 | €37,165 | €37,165 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €37,165 | €37,165 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,223 | -€74,216 | +€10,007 | +11.9% |
| Amounts payable | 17/49 | €193,165 | €172,630 | -€20,535 | -10.6% |
| Amounts payable after more than one year | 17 | €51,133 | €35,474 | -€15,658 | -30.6% |
| Financial debts | 170/4 | €51,133 | €35,474 | -€15,658 | -30.6% |
| Amounts payable within one year | 42/48 | €140,832 | €137,156 | -€3,676 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €14,834 | €15,658 | +€825 | +5.6% |
| Financial debts | 43 | €1,419 | €1,362 | -€57 | -4.0% |
| Credit institutions | 430/8 | €1,419 | €1,362 | -€57 | -4.0% |
| Trade debts | 44 | €1,416 | €1,629 | +€212 | +15.0% |
| Suppliers | 440/4 | €1,416 | €1,629 | +€212 | +15.0% |
| Taxes, remuneration and social security | 45 | €2,490 | €793 | -€1,697 | -68.2% |
| Taxes | 450/3 | €2,490 | €793 | -€1,697 | -68.2% |
| Other amounts payable | 47/48 | €120,673 | €117,715 | -€2,959 | -2.5% |
| Accrued charges and deferred income | 492/3 | €1,200 | €0 | -€1,200 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,787 | €23,927 | +€140 | +0.6% |
| Other operating charges | 640/8 | €2,913 | €1,999 | -€915 | -31.4% |
| Gross operating margin | 9900 | €22,029 | €40,353 | +€18,323 | +83.2% |
| Operating profit (loss) | 9901 | -€4,671 | €14,427 | +€19,098 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €4,124 | €4,044 | -€80 | -1.9% |
| Recurring financial charges | 65 | €4,124 | €4,044 | -€80 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,795 | €10,383 | +€19,178 | |
| Income taxes | 67/77 | €391 | €376 | -€14 | -3.7% |
| Profit (loss) for the period | 9904 | -€9,186 | €10,007 | +€19,193 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,186 | €10,007 | +€19,193 |
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 8 October 2026 via checked.be.