JACOB 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.
JACOB KENNY
Largest movements
- Cash +€48,392
up €48,392 (+42.1%), from €114,915 to €163,307
mainly Depreciation (+€39,806) and Net result for the year (+€38,267)
- Tangible fixed assets -€28,769
down €28,769 (-31.0%), from €92,809 to €64,041
of which Plant, machinery and equipment: -€26,069
- Stocks and contracts -€6,508
down €6,508 (-72.2%), from €9,008 to €2,500
of which Contracts in progress: -€6,508
- Deferred charges and accrued income +€5,647
up €5,647 (+3,499%), from €161 to €5,808
- Receivables within one year -€2,761
down €2,761 (-26.0%), from €10,635 to €7,873
of which Other amounts receivable: -€5,450
- Profit (loss) carried forward +€26,267
up €26,267 (+148%), from €17,797 to €44,064
- Debts after one year -€23,629
down €23,629 (-25.6%), from €92,135 to €68,506
- Advances received -€14,315
down €14,315 (-91.1%), from €15,715 to €1,400
- Other debts +€12,000
up €12,000 (+21,826%), from €55 to €12,055
- Tax, wage and social debts +€10,551
up €10,551 (+1,227%), from €860 to €11,411
of which Remuneration and social security: +€6,763
- Gross operating margin +€62,871
up €62,871 (+140%), from €44,847 to €107,719
- Staff costs +€17,130
new in 2024: €17,130
- Taxes +€6,413
up €6,413 (+2,257%), from €284 to €6,697
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 | €230,828 | €246,829 | +€16,001 | +6.9% |
| Fixed assets | 21/28 | €96,109 | €67,341 | -€28,769 | -29.9% |
| Tangible fixed assets | 22/27 | €92,809 | €64,041 | -€28,769 | -31.0% |
| Plant, machinery and equipment | 23 | €82,498 | €56,429 | -€26,069 | -31.6% |
| Furniture and vehicles | 24 | €10,312 | €7,612 | -€2,700 | -26.2% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €134,719 | €179,489 | +€44,770 | +33.2% |
| Stocks and contracts in progress | 3 | €9,008 | €2,500 | -€6,508 | -72.2% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Contracts in progress | 37 | €6,508 | - | -€6,508 | |
| Amounts receivable within one year | 40/41 | €10,635 | €7,873 | -€2,761 | -26.0% |
| Trade receivables | 40 | €707 | €3,396 | +€2,688 | +380% |
| Other amounts receivable | 41 | €9,927 | €4,477 | -€5,450 | -54.9% |
| Cash at bank and in hand | 54/58 | €114,915 | €163,307 | +€48,392 | +42.1% |
| Deferred charges and accrued income | 490/1 | €161 | €5,808 | +€5,647 | +3,499% |
| Total equity and liabilities | 10/49 | €230,828 | €246,829 | +€16,001 | +6.9% |
| Equity | 10/15 | €85,297 | €111,564 | +€26,267 | +30.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €57,500 | €57,500 | = | 0.0% |
| Distributable reserves | 133 | €57,500 | €57,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,797 | €44,064 | +€26,267 | +148% |
| Amounts payable | 17/49 | €145,531 | €135,265 | -€10,265 | -7.1% |
| Amounts payable after more than one year | 17 | €92,135 | €68,506 | -€23,629 | -25.6% |
| Financial debts | 170/4 | €92,135 | €68,506 | -€23,629 | -25.6% |
| Amounts payable within one year | 42/48 | €53,011 | €65,988 | +€12,977 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €23,260 | €23,629 | +€370 | +1.6% |
| Trade debts | 44 | €13,122 | €17,492 | +€4,370 | +33.3% |
| Suppliers | 440/4 | €13,122 | €17,492 | +€4,370 | +33.3% |
| Advances received on contracts in progress | 46 | €15,715 | €1,400 | -€14,315 | -91.1% |
| Taxes, remuneration and social security | 45 | €860 | €11,411 | +€10,551 | +1,227% |
| Taxes | 450/3 | €860 | €4,649 | +€3,789 | +441% |
| Remuneration and social security | 454/9 | - | €6,763 | +€6,763 | |
| Other amounts payable | 47/48 | €55 | €12,055 | +€12,000 | +21,826% |
| Accrued charges and deferred income | 492/3 | €384 | €772 | +€387 | +101% |
| Remuneration, social security and pensions | 62 | - | €17,130 | +€17,130 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,077 | €39,806 | +€728 | +1.9% |
| Other operating charges | 640/8 | €2,372 | €2,736 | +€364 | +15.3% |
| Gross operating margin | 9900 | €44,847 | €107,719 | +€62,871 | +140% |
| Operating profit (loss) | 9901 | €3,398 | €48,048 | +€44,649 | +1,314% |
| Financial income | 75/76B | €559 | €372 | -€188 | -33.5% |
| Recurring financial income | 75 | €559 | €372 | -€188 | -33.5% |
| Financial charges | 65/66B | €3,608 | €3,455 | -€153 | -4.2% |
| Recurring financial charges | 65 | €3,608 | €3,455 | -€153 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €349 | €44,964 | +€44,614 | +12,775% |
| Income taxes | 67/77 | €284 | €6,697 | +€6,413 | +2,257% |
| Profit (loss) for the period | 9904 | €65 | €38,267 | +€38,202 | +58,663% |
| Profit (loss) for the period to be appropriated | 9905 | €65 | €38,267 | +€38,202 | +58,663% |
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 26 October 2026 via checked.be.