Dr Alain Kentos: what changed
Dr Alain Kentos
Largest movements
- Cash +€22,782
up €22,782 (+606%), from €3,762 to €26,544
mainly Net result for the year (+€115,862) and Other debts (+€39,169)
- Receivables within one year +€21,387
up €21,387 (+27.2%), from €78,662 to €100,049
of which Trade receivables: +€24,589
- Other debts +€39,169
up €39,169 (+465%), from €8,418 to €47,587
- Tax, wage and social debts +€7,673
up €7,673 (+37.5%), from €20,450 to €28,123
of which Taxes: +€11,023
- Current portion of long-term debt -€5,233
down €5,233 (-58.1%), from €9,005 to €3,772
- Trade debts +€2,353
up €2,353 (+55.4%), from €4,249 to €6,602
- Taxes -€19,753
down €19,753 (-59.4%), from €33,250 to €13,497
- Gross operating margin +€19,034
up €19,034 (+17.0%), from €111,797 to €130,831
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 | €83,160 | €127,484 | +€44,324 | +53.3% |
| Current assets | 29/58 | €83,160 | €127,484 | +€44,324 | +53.3% |
| Amounts receivable within one year | 40/41 | €78,662 | €100,049 | +€21,387 | +27.2% |
| Trade receivables | 40 | €62,206 | €86,795 | +€24,589 | +39.5% |
| Other amounts receivable | 41 | €16,455 | €13,254 | -€3,202 | -19.5% |
| Cash at bank and in hand | 54/58 | €3,762 | €26,544 | +€22,782 | +606% |
| Deferred charges and accrued income | 490/1 | €737 | €891 | +€154 | +20.9% |
| Total equity and liabilities | 10/49 | €83,160 | €127,484 | +€44,324 | +53.3% |
| Equity | 10/15 | €41,038 | €41,399 | +€362 | +0.9% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €3,720 | €3,720 | = | 0.0% |
| Distributable reserves | 133 | €3,720 | €3,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118 | €479 | +€362 | +308% |
| Amounts payable | 17/49 | €42,123 | €86,085 | +€43,962 | +104% |
| Amounts payable within one year | 42/48 | €42,123 | €86,085 | +€43,962 | +104% |
| Current portion of amounts payable after more than one year | 42 | €9,005 | €3,772 | -€5,233 | -58.1% |
| Trade debts | 44 | €4,249 | €6,602 | +€2,353 | +55.4% |
| Suppliers | 440/4 | €4,249 | €6,602 | +€2,353 | +55.4% |
| Taxes, remuneration and social security | 45 | €20,450 | €28,123 | +€7,673 | +37.5% |
| Taxes | 450/3 | €17,100 | €28,123 | +€11,023 | +64.5% |
| Remuneration and social security | 454/9 | €3,350 | - | -€3,350 | |
| Other amounts payable | 47/48 | €8,418 | €47,587 | +€39,169 | +465% |
| Other operating charges | 640/8 | €751 | €624 | -€127 | -16.9% |
| Gross operating margin | 9900 | €111,797 | €130,831 | +€19,034 | +17.0% |
| Operating profit (loss) | 9901 | €111,046 | €130,207 | +€19,162 | +17.3% |
| Financial income | 75/76B | €0 | €10 | +€10 | +2,797% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +2,797% |
| Financial charges | 65/66B | €1,710 | €859 | -€851 | -49.8% |
| Recurring financial charges | 65 | €1,710 | €859 | -€851 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | €109,336 | €129,359 | +€20,023 | +18.3% |
| Income taxes | 67/77 | €33,250 | €13,497 | -€19,753 | -59.4% |
| Profit (loss) for the period | 9904 | €76,086 | €115,862 | +€39,776 | +52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €76,086 | €115,862 | +€39,776 | +52.3% |
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 7 November 2026 via checked.be.