RAF KENIS: 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.
RAF KENIS
Largest movements
- Cash +€21,297
up €21,297 (+65.0%), from €32,752 to €54,050
mainly Net result for the year (+€20,053) and Depreciation (+€9,010)
- Tangible fixed assets -€9,010
down €9,010 (-29.4%), from €30,651 to €21,641
of which Furniture and vehicles: -€7,645
- Receivables within one year +€2,755
up €2,755 (+13.3%), from €20,719 to €23,475
of which Other amounts receivable: +€1,684
- Deferred charges and accrued income -€1,058
down €1,058 (-50.7%), from €2,085 to €1,027
- Reserves +€20,053
up €20,053 (+46.7%), from €42,913 to €62,966
of which Distributable reserves: +€20,053
- Debts after one year -€7,145
down €7,145 (-41.4%), from €17,270 to €10,125
- Trade debts +€1,728
up €1,728 (+954%), from €181 to €1,909
- Gross operating margin +€10,102
up €10,102 (+32.3%), from €31,260 to €41,362
- Taxes +€2,414
up €2,414 (+31.1%), from €7,756 to €10,169
- Other operating charges -€478
down €478 (-34.3%), from €1,393 to €915
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 | €86,207 | €100,192 | +€13,985 | +16.2% |
| Fixed assets | 21/28 | €30,651 | €21,641 | -€9,010 | -29.4% |
| Tangible fixed assets | 22/27 | €30,651 | €21,641 | -€9,010 | -29.4% |
| Land and buildings | 22 | €5,497 | €4,132 | -€1,365 | -24.8% |
| Furniture and vehicles | 24 | €25,154 | €17,509 | -€7,645 | -30.4% |
| Current assets | 29/58 | €55,556 | €78,552 | +€22,995 | +41.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €20,719 | €23,475 | +€2,755 | +13.3% |
| Trade receivables | 40 | €14,969 | €16,040 | +€1,071 | +7.2% |
| Other amounts receivable | 41 | €5,750 | €7,435 | +€1,684 | +29.3% |
| Cash at bank and in hand | 54/58 | €32,752 | €54,050 | +€21,297 | +65.0% |
| Deferred charges and accrued income | 490/1 | €2,085 | €1,027 | -€1,058 | -50.7% |
| Total equity and liabilities | 10/49 | €86,207 | €100,192 | +€13,985 | +16.2% |
| Equity | 10/15 | €49,113 | €69,166 | +€20,053 | +40.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €42,913 | €62,966 | +€20,053 | +46.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €42,913 | €62,966 | +€20,053 | +46.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €37,094 | €31,027 | -€6,067 | -16.4% |
| Amounts payable after more than one year | 17 | €17,270 | €10,125 | -€7,145 | -41.4% |
| Financial debts | 170/4 | €17,270 | €10,125 | -€7,145 | -41.4% |
| Amounts payable within one year | 42/48 | €18,557 | €20,116 | +€1,558 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €6,782 | €7,145 | +€363 | +5.4% |
| Trade debts | 44 | €181 | €1,909 | +€1,728 | +954% |
| Suppliers | 440/4 | €181 | €1,909 | +€1,728 | +954% |
| Advances received on contracts in progress | 46 | - | €195 | +€195 | |
| Taxes, remuneration and social security | 45 | €11,594 | €10,867 | -€728 | -6.3% |
| Taxes | 450/3 | €11,594 | €8,607 | -€2,988 | -25.8% |
| Remuneration and social security | 454/9 | - | €2,260 | +€2,260 | |
| Accrued charges and deferred income | 492/3 | €1,266 | €785 | -€481 | -38.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,010 | €9,010 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,393 | €915 | -€478 | -34.3% |
| Non-recurring operating charges | 66A | - | €198 | +€198 | |
| Gross operating margin | 9900 | €31,260 | €41,362 | +€10,102 | +32.3% |
| Operating profit (loss) | 9901 | €20,858 | €31,239 | +€10,382 | +49.8% |
| Financial income | 75/76B | €391 | €345 | -€46 | -11.7% |
| Recurring financial income | 75 | €391 | €345 | -€46 | -11.7% |
| Financial charges | 65/66B | €1,683 | €1,363 | -€321 | -19.1% |
| Recurring financial charges | 65 | €1,683 | €1,363 | -€321 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €19,566 | €30,222 | +€10,657 | +54.5% |
| Income taxes | 67/77 | €7,756 | €10,169 | +€2,414 | +31.1% |
| Profit (loss) for the period | 9904 | €11,810 | €20,053 | +€8,243 | +69.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,810 | €20,053 | +€8,243 | +69.8% |
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 16 October 2026 via checked.be.