KENNY MIEVIS: what changed
KENNY MIEVIS
Largest movements
- Receivables within one year -€115,024
down €115,024 (-68.5%), from €167,880 to €52,855
of which Trade receivables: -€82,364
- Deferred charges and accrued income +€59,375
up €59,375 (+9,503%), from €625 to €60,000
- Cash +€18,557
up €18,557 (+86.8%), from €21,382 to €39,939
mainly Receivables within one year (+€115,024) and Net result for the year (+€17,099)
- Stocks and contracts +€9,450
up €9,450 (+946%), from €999 to €10,449
- Tangible fixed assets +€5,021
up €5,021 (+153%), from €3,276 to €8,297
of which Land and buildings: +€3,843
- Reserves -€23,156
down €23,156 (-27.8%), from €83,265 to €60,109
of which Distributable reserves: -€23,156
- Trade debts -€17,348
down €17,348 (-76.5%), from €22,677 to €5,329
- Accrued charges and deferred income +€11,108
new in 2025: €11,108
- Tax, wage and social debts +€4,965
up €4,965 (+19.8%), from €25,110 to €30,075
- Gross operating margin -€64,109
down €64,109 (-64.1%), from €99,960 to €35,852
- Taxes -€4,437
down €4,437 (-20.6%), from €21,581 to €17,144
- Financial charges -€2,384
down €2,384 (-87.6%), from €2,720 to €336
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €196,755 | €173,088 | -€23,667 | -12.0% |
| Fixed assets | 21/28 | €5,870 | €9,846 | +€3,976 | +67.7% |
| Intangible fixed assets | 21 | €2,593 | €1,549 | -€1,045 | -40.3% |
| Tangible fixed assets | 22/27 | €3,276 | €8,297 | +€5,021 | +153% |
| Land and buildings | 22 | - | €3,843 | +€3,843 | |
| Furniture and vehicles | 24 | €3,276 | €4,454 | +€1,178 | +35.9% |
| Current assets | 29/58 | €190,885 | €163,243 | -€27,643 | -14.5% |
| Stocks and contracts in progress | 3 | €999 | €10,449 | +€9,450 | +946% |
| Contracts in progress | 37 | €999 | €10,449 | +€9,450 | +946% |
| Amounts receivable within one year | 40/41 | €167,880 | €52,855 | -€115,024 | -68.5% |
| Trade receivables | 40 | €107,291 | €24,927 | -€82,364 | -76.8% |
| Other amounts receivable | 41 | €60,588 | €27,928 | -€32,660 | -53.9% |
| Cash at bank and in hand | 54/58 | €21,382 | €39,939 | +€18,557 | +86.8% |
| Deferred charges and accrued income | 490/1 | €625 | €60,000 | +€59,375 | +9,503% |
| Total equity and liabilities | 10/49 | €196,755 | €173,088 | -€23,667 | -12.0% |
| Equity | 10/15 | €148,968 | €125,910 | -€23,057 | -15.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €83,265 | €60,109 | -€23,156 | -27.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €81,405 | €58,249 | -€23,156 | -28.4% |
| Profit (loss) carried forward | 14 | €59,502 | €59,601 | +€99 | +0.2% |
| Amounts payable | 17/49 | €47,787 | €47,178 | -€609 | -1.3% |
| Amounts payable within one year | 42/48 | €47,787 | €36,070 | -€11,717 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | - | €666 | +€666 | |
| Trade debts | 44 | €22,677 | €5,329 | -€17,348 | -76.5% |
| Suppliers | 440/4 | €22,677 | €5,329 | -€17,348 | -76.5% |
| Taxes, remuneration and social security | 45 | €25,110 | €30,075 | +€4,965 | +19.8% |
| Taxes | 450/3 | €25,110 | €30,075 | +€4,965 | +19.8% |
| Accrued charges and deferred income | 492/3 | - | €11,108 | +€11,108 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,975 | €2,602 | +€626 | +31.7% |
| Other operating charges | 640/8 | €712 | €886 | +€174 | +24.5% |
| Gross operating margin | 9900 | €99,960 | €35,852 | -€64,109 | -64.1% |
| Operating profit (loss) | 9901 | €97,273 | €32,364 | -€64,909 | -66.7% |
| Financial income | 75/76B | €2,842 | €2,214 | -€628 | -22.1% |
| Recurring financial income | 75 | €2,842 | €2,214 | -€628 | -22.1% |
| Financial charges | 65/66B | €2,720 | €336 | -€2,384 | -87.6% |
| Recurring financial charges | 65 | €2,720 | €336 | -€2,384 | -87.6% |
| Profit (loss) for the period before taxes | 9903 | €97,395 | €34,243 | -€63,153 | -64.8% |
| Income taxes | 67/77 | €21,581 | €17,144 | -€4,437 | -20.6% |
| Profit (loss) for the period | 9904 | €75,814 | €17,099 | -€58,716 | -77.4% |
| Profit (loss) for the period to be appropriated | 9905 | €75,814 | €17,099 | -€58,716 | -77.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.