KENZIE: 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.
KENZIE
Largest movements
- Receivables within one year -€8,656
down €8,656 (-14.4%), from €60,095 to €51,439
- Other debts -€17,385
down €17,385 (-3.5%), from €492,890 to €475,505
- Gross operating margin +€3,485
up €3,485, from -€1,972 to €1,514
- Financial income +€285
up €285 (+9.2%), from €3,095 to €3,380
- Financial charges -€109
down €109 (-35.3%), from €308 to €200
- Other operating charges +€42
up €42 (+3.1%), from €1,354 to €1,396
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.
Cash bridge derived
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 | €738,864 | €724,391 | -€14,473 | -2.0% |
| Fixed assets | 21/28 | €678,446 | €672,771 | -€5,675 | -0.8% |
| Tangible fixed assets | 22/27 | €72,600 | €66,925 | -€5,675 | -7.8% |
| Land and buildings | 22 | €72,600 | €66,925 | -€5,675 | -7.8% |
| Financial fixed assets | 28 | €605,846 | €605,846 | = | 0.0% |
| Current assets | 29/58 | €60,418 | €51,620 | -€8,798 | -14.6% |
| Amounts receivable within one year | 40/41 | €60,095 | €51,439 | -€8,656 | -14.4% |
| Other amounts receivable | 41 | €60,095 | €51,439 | -€8,656 | -14.4% |
| Cash at bank and in hand | 54/58 | €324 | €182 | -€142 | -43.9% |
| Total equity and liabilities | 10/49 | €738,864 | €724,391 | -€14,473 | -2.0% |
| Equity | 10/15 | €245,590 | €243,213 | -€2,377 | -1.0% |
| Contributions | 10/11 | €244,000 | €244,000 | = | 0.0% |
| Capital | 10 | €244,000 | €244,000 | = | 0.0% |
| Issued capital | 100 | €244,000 | €244,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Legal reserve | 130 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€911 | -€3,287 | -€2,377 | -261.0% |
| Amounts payable | 17/49 | €493,274 | €481,178 | -€12,096 | -2.5% |
| Amounts payable within one year | 42/48 | €493,274 | €481,178 | -€12,096 | -2.5% |
| Trade debts | 44 | €384 | €5,674 | +€5,289 | +1375.8% |
| Suppliers | 440/4 | €384 | €5,674 | +€5,289 | +1375.8% |
| Other amounts payable | 47/48 | €492,890 | €475,505 | -€17,385 | -3.5% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,675 | €5,675 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,354 | €1,396 | +€42 | +3.1% |
| Gross operating margin | 9900 | -€1,972 | €1,514 | +€3,485 | |
| Operating profit (loss) | 9901 | -€9,000 | -€5,557 | +€3,444 | +38.3% |
| Financial income | 75/76B | €3,095 | €3,380 | +€285 | +9.2% |
| Recurring financial income | 75 | €3,095 | €3,380 | +€285 | +9.2% |
| Financial charges | 65/66B | €308 | €200 | -€109 | -35.3% |
| Recurring financial charges | 65 | €308 | €200 | -€109 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,214 | -€2,377 | +€3,837 | +61.8% |
| Profit (loss) for the period | 9904 | -€6,214 | -€2,377 | +€3,837 | +61.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,214 | -€2,377 | +€3,837 | +61.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.