KENNIS: 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.
KENNIS
Largest movements
- Current investments -€63,281
no longer reported in 2024 (was €63,281)
- Receivables within one year -€5,215
down €5,215 (-3.8%), from €137,207 to €131,992
of which Trade receivables: -€10,238
- Cash +€3,637
up €3,637 (+29.6%), from €12,269 to €15,907
mainly Current investments (+€63,281) and Receivables within one year (+€5,215)
- Trade debts -€31,393
down €31,393 (-40.1%), from €78,229 to €46,836
- Profit (loss) carried forward -€21,056
down €21,056 (-21.1%), from €99,699 to €78,643
- Tax, wage and social debts -€11,185
down €11,185 (-22.5%), from €49,602 to €38,417
of which Taxes: -€16,103
- Gross operating margin -€35,535
down €35,535 (-47.4%), from €75,000 to €39,465
- Staff costs -€8,408
down €8,408 (-18.4%), from €45,626 to €37,218
- Taxes -€5,763
down €5,763 (-93.2%), from €6,184 to €421
- Other operating charges -€2,934
down €2,934 (-13.4%), from €21,969 to €19,035
- Depreciation +€1,824
up €1,824 (+140%), from €1,308 to €3,132
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €235,591 | €171,956 | -€63,634 | -27.0% |
| Fixed assets | 21/28 | €22,834 | €23,739 | +€906 | +4.0% |
| Tangible fixed assets | 22/27 | €7,505 | €8,410 | +€906 | +12.1% |
| Plant, machinery and equipment | 23 | - | €3,533 | +€3,533 | |
| Furniture and vehicles | 24 | €7,505 | €4,877 | -€2,627 | -35.0% |
| Financial fixed assets | 28 | €15,329 | €15,329 | = | 0.0% |
| Current assets | 29/58 | €212,757 | €148,217 | -€64,540 | -30.3% |
| Amounts receivable within one year | 40/41 | €137,207 | €131,992 | -€5,215 | -3.8% |
| Trade receivables | 40 | €125,576 | €115,338 | -€10,238 | -8.2% |
| Other amounts receivable | 41 | €11,631 | €16,653 | +€5,023 | +43.2% |
| Current investments | 50/53 | €63,281 | - | -€63,281 | |
| Cash at bank and in hand | 54/58 | €12,269 | €15,907 | +€3,637 | +29.6% |
| Deferred charges and accrued income | 490/1 | - | €319 | +€319 | |
| Total equity and liabilities | 10/49 | €235,591 | €171,956 | -€63,634 | -27.0% |
| Equity | 10/15 | €107,759 | €86,703 | -€21,056 | -19.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,699 | €78,643 | -€21,056 | -21.1% |
| Amounts payable | 17/49 | €127,832 | €85,253 | -€42,578 | -33.3% |
| Amounts payable within one year | 42/48 | €127,832 | €85,253 | -€42,578 | -33.3% |
| Trade debts | 44 | €78,229 | €46,836 | -€31,393 | -40.1% |
| Suppliers | 440/4 | €78,229 | €46,836 | -€31,393 | -40.1% |
| Taxes, remuneration and social security | 45 | €49,602 | €38,417 | -€11,185 | -22.5% |
| Taxes | 450/3 | €31,084 | €14,981 | -€16,103 | -51.8% |
| Remuneration and social security | 454/9 | €18,518 | €23,436 | +€4,918 | +26.6% |
| Remuneration, social security and pensions | 62 | €45,626 | €37,218 | -€8,408 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,308 | €3,132 | +€1,824 | +140% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €382 | +€382 | |
| Other operating charges | 640/8 | €21,969 | €19,035 | -€2,934 | -13.4% |
| Gross operating margin | 9900 | €75,000 | €39,465 | -€35,535 | -47.4% |
| Operating profit (loss) | 9901 | €6,098 | -€20,302 | -€26,400 | |
| Financial income | 75/76B | €78 | €113 | +€35 | +44.3% |
| Recurring financial income | 75 | €78 | €113 | +€35 | +44.3% |
| Financial charges | 65/66B | €458 | €446 | -€13 | -2.8% |
| Recurring financial charges | 65 | €458 | €446 | -€13 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €5,718 | -€20,635 | -€26,353 | |
| Income taxes | 67/77 | €6,184 | €421 | -€5,763 | -93.2% |
| Profit (loss) for the period | 9904 | -€466 | -€21,056 | -€20,590 | -4,415% |
| Profit (loss) for the period to be appropriated | 9905 | -€466 | -€21,056 | -€20,590 | -4,415% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.