Ken Penne: 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.
Ken Penne
Largest movements
- Receivables within one year +€19,613
up €19,613 (+4.1%), from €478,153 to €497,766
of which Trade receivables: +€35,425
- Deferred charges and accrued income +€14,373
up €14,373 (+41.6%), from €34,581 to €48,954
- Reserves +€23,918
up €23,918 (+5.1%), from €470,429 to €494,348
- Tax, wage and social debts +€6,047
up €6,047 (+19.5%), from €31,026 to €37,073
- Gross operating margin +€19,458
up €19,458 (+303%), from €6,432 to €25,889
- Taxes +€7,205
up €7,205 (+123%), from €5,857 to €13,062
- Other operating charges -€2,060
down €2,060 (-84.2%), from €2,448 to €387
- Financial income +€1,515
up €1,515 (+11.8%), from €12,857 to €14,373
- Financial charges -€554
down €554 (-20.5%), from €2,706 to €2,152
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 | €514,305 | €546,758 | +€32,453 | +6.3% |
| Fixed assets | 21/28 | €742 | - | -€742 | |
| Tangible fixed assets | 22/27 | €742 | - | -€742 | |
| Furniture and vehicles | 24 | €742 | - | -€742 | |
| Current assets | 29/58 | €513,563 | €546,758 | +€33,195 | +6.5% |
| Amounts receivable within one year | 40/41 | €478,153 | €497,766 | +€19,613 | +4.1% |
| Trade receivables | 40 | €8,100 | €43,525 | +€35,425 | +437% |
| Other amounts receivable | 41 | €470,053 | €454,241 | -€15,812 | -3.4% |
| Cash at bank and in hand | 54/58 | €829 | €38 | -€791 | -95.4% |
| Deferred charges and accrued income | 490/1 | €34,581 | €48,954 | +€14,373 | +41.6% |
| Total equity and liabilities | 10/49 | €514,305 | €546,758 | +€32,453 | +6.3% |
| Equity | 10/15 | €482,829 | €506,748 | +€23,918 | +5.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €470,429 | €494,348 | +€23,918 | +5.1% |
| Distributable reserves | 133 | €470,429 | €494,348 | +€23,918 | +5.1% |
| Amounts payable | 17/49 | €31,476 | €40,010 | +€8,534 | +27.1% |
| Amounts payable within one year | 42/48 | €31,476 | €40,010 | +€8,534 | +27.1% |
| Trade debts | 44 | €450 | €2,937 | +€2,487 | +553% |
| Suppliers | 440/4 | €450 | €2,937 | +€2,487 | +553% |
| Taxes, remuneration and social security | 45 | €31,026 | €37,073 | +€6,047 | +19.5% |
| Taxes | 450/3 | €31,026 | €37,073 | +€6,047 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €821 | €742 | -€79 | -9.6% |
| Other operating charges | 640/8 | €2,448 | €387 | -€2,060 | -84.2% |
| Gross operating margin | 9900 | €6,432 | €25,889 | +€19,458 | +303% |
| Operating profit (loss) | 9901 | €3,164 | €24,760 | +€21,597 | +683% |
| Financial income | 75/76B | €12,857 | €14,373 | +€1,515 | +11.8% |
| Recurring financial income | 75 | €12,857 | €14,373 | +€1,515 | +11.8% |
| Financial charges | 65/66B | €2,706 | €2,152 | -€554 | -20.5% |
| Recurring financial charges | 65 | €2,706 | €2,152 | -€554 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €13,314 | €36,981 | +€23,666 | +178% |
| Income taxes | 67/77 | €5,857 | €13,062 | +€7,205 | +123% |
| Profit (loss) for the period | 9904 | €7,457 | €23,918 | +€16,461 | +221% |
| Profit (loss) for the period to be appropriated | 9905 | €7,457 | €23,918 | +€16,461 | +221% |
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.