KENSIE: 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.
KENSIE
Largest movements
- Receivables within one year +€9,212
up €9,212 (+3.4%), from €269,985 to €279,197
of which Other amounts receivable: +€9,025
- Tangible fixed assets -€5,694
down €5,694 (-54.3%), from €10,492 to €4,798
- Cash -€4,642
down €4,642 (-94.8%), from €4,896 to €254
mainly Receivables within one year (-€9,212) and Investment in fixed assets (net) (-€1,920)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€1,608
up €1,608 (+22.7%), from €7,090 to €8,698
- Other operating charges -€468
down €468 (-32.2%), from €1,454 to €986
- Financial charges +€290
new in 2025: €290
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 | €285,961 | €284,976 | -€985 | -0.3% |
| Fixed assets | 21/28 | €10,492 | €4,798 | -€5,694 | -54.3% |
| Tangible fixed assets | 22/27 | €10,492 | €4,798 | -€5,694 | -54.3% |
| Furniture and vehicles | 24 | €10,492 | €4,798 | -€5,694 | -54.3% |
| Current assets | 29/58 | €275,469 | €280,178 | +€4,709 | +1.7% |
| Amounts receivable within one year | 40/41 | €269,985 | €279,197 | +€9,212 | +3.4% |
| Trade receivables | 40 | - | €187 | +€187 | |
| Other amounts receivable | 41 | €269,985 | €279,010 | +€9,025 | +3.3% |
| Cash at bank and in hand | 54/58 | €4,896 | €254 | -€4,642 | -94.8% |
| Deferred charges and accrued income | 490/1 | €588 | €726 | +€139 | +23.6% |
| Total equity and liabilities | 10/49 | €285,961 | €284,976 | -€985 | -0.3% |
| Equity | 10/15 | €275,245 | €274,580 | -€665 | -0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €256,645 | €255,980 | -€665 | -0.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €51,790 | €51,790 | = | 0.0% |
| Distributable reserves | 133 | €202,995 | €202,330 | -€665 | -0.3% |
| Amounts payable | 17/49 | €10,716 | €10,396 | -€320 | -3.0% |
| Amounts payable within one year | 42/48 | €10,203 | €9,609 | -€594 | -5.8% |
| Trade debts | 44 | €9,699 | €9,070 | -€629 | -6.5% |
| Suppliers | 440/4 | €9,699 | €9,070 | -€629 | -6.5% |
| Taxes, remuneration and social security | 45 | €504 | €539 | +€35 | +6.9% |
| Taxes | 450/3 | €504 | €539 | +€35 | +6.9% |
| Accrued charges and deferred income | 492/3 | €513 | €787 | +€274 | +53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,538 | €7,614 | +€75 | +1.0% |
| Other operating charges | 640/8 | €1,454 | €986 | -€468 | -32.2% |
| Gross operating margin | 9900 | €7,090 | €8,698 | +€1,608 | +22.7% |
| Operating profit (loss) | 9901 | -€1,902 | €99 | +€2,000 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.5% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.5% |
| Financial charges | 65/66B | - | €290 | +€290 | |
| Recurring financial charges | 65 | - | €290 | +€290 | |
| Profit (loss) for the period before taxes | 9903 | -€1,900 | -€192 | +€1,708 | +89.9% |
| Income taxes | 67/77 | €494 | €473 | -€21 | -4.2% |
| Profit (loss) for the period | 9904 | -€2,394 | -€665 | +€1,729 | +72.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,394 | -€665 | +€1,729 | +72.2% |
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 13 October 2026 via checked.be.