KENYUM: 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.
KENYUM
Largest movements
- Receivables within one year +€398,371
up €398,371 (+44.9%), from €887,158 to €1.3m
of which Other amounts receivable: +€405,746
- Cash -€268,380
down €268,380 (-32.4%), from €828,396 to €560,016
mainly Receivables within one year (-€398,371) and Other debts (-€300,000)
- Tangible fixed assets -€46,189
down €46,189 (-5.7%), from €810,483 to €764,294
of which Land and buildings: -€29,080
- Reserves +€378,000
up €378,000 (+16.4%), from €2.3m to €2.7m
of which Distributable reserves: +€378,000
- Other debts -€300,000
down €300,000 (-75.2%), from €399,181 to €99,181
- Financial income -€135,904
down €135,904 (-53.7%), from €253,291 to €117,387
- Gross operating margin +€104,677
up €104,677 (+23.7%), from €440,874 to €545,550
- Taxes -€17,389
down €17,389 (-12.6%), from €138,532 to €121,144
- Depreciation +€8,043
up €8,043 (+15.3%), from €52,401 to €60,444
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 | €2,731,909 | €2,815,711 | +€83,802 | +3.1% |
| Fixed assets | 21/28 | €1,016,355 | €970,166 | -€46,189 | -4.5% |
| Tangible fixed assets | 22/27 | €810,483 | €764,294 | -€46,189 | -5.7% |
| Land and buildings | 22 | €751,717 | €722,636 | -€29,080 | -3.9% |
| Plant, machinery and equipment | 23 | €688 | €6,545 | +€5,857 | +851.4% |
| Furniture and vehicles | 24 | €58,079 | €30,559 | -€27,520 | -47.4% |
| Other tangible fixed assets | 26 | - | €4,554 | +€4,554 | |
| Financial fixed assets | 28 | €205,872 | €205,872 | = | 0.0% |
| Current assets | 29/58 | €1,715,554 | €1,845,545 | +€129,991 | +7.6% |
| Amounts receivable within one year | 40/41 | €887,158 | €1,285,529 | +€398,371 | +44.9% |
| Trade receivables | 40 | €13,588 | €6,213 | -€7,375 | -54.3% |
| Other amounts receivable | 41 | €873,570 | €1,279,316 | +€405,746 | +46.4% |
| Cash at bank and in hand | 54/58 | €828,396 | €560,016 | -€268,380 | -32.4% |
| Total equity and liabilities | 10/49 | €2,731,909 | €2,815,711 | +€83,802 | +3.1% |
| Equity | 10/15 | €2,324,782 | €2,702,589 | +€377,807 | +16.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,304,186 | €2,682,186 | +€378,000 | +16.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €186 | €186 | = | 0.0% |
| Distributable reserves | 133 | €2,302,000 | €2,680,000 | +€378,000 | +16.4% |
| Profit (loss) carried forward | 14 | €596 | €403 | -€193 | -32.3% |
| Amounts payable | 17/49 | €407,127 | €113,122 | -€294,005 | -72.2% |
| Amounts payable within one year | 42/48 | €407,127 | €113,122 | -€294,005 | -72.2% |
| Trade debts | 44 | €527 | €1,243 | +€716 | +136.0% |
| Suppliers | 440/4 | €527 | €1,243 | +€716 | +136.0% |
| Taxes, remuneration and social security | 45 | €7,419 | €12,698 | +€5,279 | +71.1% |
| Taxes | 450/3 | €7,419 | €12,698 | +€5,279 | +71.1% |
| Other amounts payable | 47/48 | €399,181 | €99,181 | -€300,000 | -75.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,401 | €60,444 | +€8,043 | +15.3% |
| Other operating charges | 640/8 | €1,677 | €3,433 | +€1,755 | +104.7% |
| Gross operating margin | 9900 | €440,874 | €545,550 | +€104,677 | +23.7% |
| Operating profit (loss) | 9901 | €386,795 | €481,674 | +€94,878 | +24.5% |
| Financial income | 75/76B | €253,291 | €117,387 | -€135,904 | -53.7% |
| Recurring financial income | 75 | €253,291 | €117,387 | -€135,904 | -53.7% |
| Financial charges | 65/66B | €1,469 | €110 | -€1,359 | -92.5% |
| Recurring financial charges | 65 | €132 | €110 | -€22 | -17.0% |
| Non-recurring financial charges | 66B | €1,337 | - | -€1,337 | |
| Profit (loss) for the period before taxes | 9903 | €638,617 | €598,951 | -€39,667 | -6.2% |
| Income taxes | 67/77 | €138,532 | €121,144 | -€17,389 | -12.6% |
| Profit (loss) for the period | 9904 | €500,085 | €477,807 | -€22,278 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €500,085 | €477,807 | -€22,278 | -4.5% |
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 10 October 2026 via checked.be.