GROENVYNCK KENNY: 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.
GROENVYNCK KENNY
Largest movements
- Receivables within one year +€15,912
up €15,912 (+59.8%), from €26,614 to €42,526
of which Other amounts receivable: +€11,687
- Tangible fixed assets -€7,059
down €7,059 (-48.6%), from €14,533 to €7,474
of which Furniture and vehicles: -€4,695
- Short-term financial debts +€7,051
up €7,051 (+47.3%), from €14,898 to €21,949
- Tax, wage and social debts -€2,152
down €2,152 (-73.1%), from €2,943 to €791
- Current portion of long-term debt +€2,110
up €2,110 (+60.3%), from €3,498 to €5,608
- Profit (loss) carried forward +€2,088
up €2,088 (+5.2%), from -€40,054 to -€37,966
- Gross operating margin -€16,475
down €16,475 (-64.6%), from €25,504 to €9,029
- Depreciation -€2,854
down €2,854 (-62.8%), from €4,543 to €1,689
- Other operating charges -€1,291
down €1,291 (-37.1%), from €3,481 to €2,190
- Financial charges +€333
up €333 (+14.7%), from €2,270 to €2,603
- Taxes +€317
up €317, from -€48 to €269
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.
Derived cash bridge
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 | €42,582 | €51,434 | +€8,852 | +20.8% |
| Fixed assets | 21/28 | €15,967 | €8,908 | -€7,059 | -44.2% |
| Tangible fixed assets | 22/27 | €14,533 | €7,474 | -€7,059 | -48.6% |
| Plant, machinery and equipment | 23 | €9,758 | €7,394 | -€2,364 | -24.2% |
| Furniture and vehicles | 24 | €4,775 | €80 | -€4,695 | -98.3% |
| Financial fixed assets | 28 | €1,434 | €1,434 | = | 0.0% |
| Current assets | 29/58 | €26,615 | €42,526 | +€15,911 | +59.8% |
| Amounts receivable within one year | 40/41 | €26,614 | €42,526 | +€15,912 | +59.8% |
| Trade receivables | 40 | €2,384 | €6,609 | +€4,225 | +177% |
| Other amounts receivable | 41 | €24,230 | €35,917 | +€11,687 | +48.2% |
| Cash at bank and in hand | 54/58 | €1 | - | -€1 | |
| Total equity and liabilities | 10/49 | €42,582 | €51,434 | +€8,852 | +20.8% |
| Equity | 10/15 | €3,991 | €6,079 | +€2,088 | +52.3% |
| Contributions | 10/11 | €9,200 | €9,200 | = | 0.0% |
| Reserves | 13 | €34,845 | €34,845 | = | 0.0% |
| Distributable reserves | 133 | €34,845 | €34,845 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,054 | -€37,966 | +€2,088 | +5.2% |
| Amounts payable | 17/49 | €38,591 | €45,355 | +€6,764 | +17.5% |
| Amounts payable after more than one year | 17 | €8,695 | €8,695 | = | 0.0% |
| Financial debts | 170/4 | €8,695 | €8,695 | = | 0.0% |
| Amounts payable within one year | 42/48 | €29,896 | €36,660 | +€6,764 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €3,498 | €5,608 | +€2,110 | +60.3% |
| Financial debts | 43 | €14,898 | €21,949 | +€7,051 | +47.3% |
| Credit institutions | 430/8 | €14,898 | €21,949 | +€7,051 | +47.3% |
| Trade debts | 44 | €8,557 | €8,312 | -€245 | -2.9% |
| Suppliers | 440/4 | €8,557 | €8,312 | -€245 | -2.9% |
| Taxes, remuneration and social security | 45 | €2,943 | €791 | -€2,152 | -73.1% |
| Taxes | 450/3 | €2,943 | €791 | -€2,152 | -73.1% |
| Non-recurring operating income | 76A | €778 | €8,630 | +€7,852 | +1,009% |
| Remuneration, social security and pensions | 62 | €412 | €190 | -€222 | -53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,543 | €1,689 | -€2,854 | -62.8% |
| Other operating charges | 640/8 | €3,481 | €2,190 | -€1,291 | -37.1% |
| Gross operating margin | 9900 | €25,504 | €9,029 | -€16,475 | -64.6% |
| Operating profit (loss) | 9901 | €17,068 | €4,960 | -€12,108 | -70.9% |
| Financial charges | 65/66B | €2,270 | €2,603 | +€333 | +14.7% |
| Recurring financial charges | 65 | €2,270 | €2,603 | +€333 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €14,798 | €2,357 | -€12,441 | -84.1% |
| Income taxes | 67/77 | -€48 | €269 | +€317 | |
| Profit (loss) for the period | 9904 | €14,846 | €2,088 | -€12,758 | -85.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,846 | €2,088 | -€12,758 | -85.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.