KENCCO: what changed
Two fiscal 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.
KENCCO
Largest movements
- Tangible fixed assets -€721
down €721 (-2.2%), from €32,780 to €32,059
of which Plant, machinery and equipment: -€2,298
- Debts after one year +€32,027
up €32,027, from €0 to €32,027
- Trade debts -€22,300
down €22,300 (-90.9%), from €24,543 to €2,243
- Profit (loss) carried forward -€7,489
down €7,489 (-83.2%), from €9,001 to €1,512
- Tax, wage and social debts -€3,682
down €3,682 (-64.2%), from €5,740 to €2,058
- Other debts +€1,000
up €1,000 (+11.1%), from €9,000 to €10,000
- Gross operating margin -€11,617
down €11,617 (-47.8%), from €24,291 to €12,673
- Depreciation +€6,522
up €6,522 (+699.9%), from €932 to €7,454
- Taxes -€4,147
down €4,147 (-78.5%), from €5,284 to €1,137
- Financial charges +€1,582
up €1,582 (+290.0%), from €545 to €2,128
- Financial income +€705
up €705 (+164.0%), from €430 to €1,135
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.
Cash bridge derived
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 | €56,894 | €56,445 | -€449 | -0.8% |
| Fixed assets | 21/28 | €32,780 | €32,059 | -€721 | -2.2% |
| Tangible fixed assets | 22/27 | €32,780 | €32,059 | -€721 | -2.2% |
| Plant, machinery and equipment | 23 | €10,471 | €8,173 | -€2,298 | -21.9% |
| Furniture and vehicles | 24 | €22,309 | €23,886 | +€1,577 | +7.1% |
| Current assets | 29/58 | €24,114 | €24,386 | +€272 | +1.1% |
| Amounts receivable within one year | 40/41 | €24,091 | €24,040 | -€52 | -0.2% |
| Trade receivables | 40 | €14,162 | €6,254 | -€7,908 | -55.8% |
| Other amounts receivable | 41 | €9,929 | €17,786 | +€7,857 | +79.1% |
| Cash at bank and in hand | 54/58 | €23 | €346 | +€324 | +1430.8% |
| Total equity and liabilities | 10/49 | €56,894 | €56,445 | -€449 | -0.8% |
| Equity | 10/15 | €9,101 | €1,612 | -€7,489 | -82.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,001 | €1,512 | -€7,489 | -83.2% |
| Amounts payable | 17/49 | €47,793 | €54,833 | +€7,040 | +14.7% |
| Amounts payable after more than one year | 17 | €0 | €32,027 | +€32,027 | |
| Financial debts | 170/4 | €0 | €32,027 | +€32,027 | |
| Amounts payable within one year | 42/48 | €47,793 | €22,806 | -€24,988 | -52.3% |
| Current portion of amounts payable after more than one year | 42 | €8,511 | €8,505 | -€5 | -0.1% |
| Trade debts | 44 | €24,543 | €2,243 | -€22,300 | -90.9% |
| Suppliers | 440/4 | €24,543 | €2,243 | -€22,300 | -90.9% |
| Taxes, remuneration and social security | 45 | €5,740 | €2,058 | -€3,682 | -64.2% |
| Taxes | 450/3 | €5,740 | €2,058 | -€3,682 | -64.2% |
| Other amounts payable | 47/48 | €9,000 | €10,000 | +€1,000 | +11.1% |
| Non-recurring operating income | 76A | €3,378 | €0 | -€3,378 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €932 | €7,454 | +€6,522 | +699.9% |
| Other operating charges | 640/8 | €239 | €578 | +€339 | +142.0% |
| Gross operating margin | 9900 | €24,291 | €12,673 | -€11,617 | -47.8% |
| Operating profit (loss) | 9901 | €23,120 | €4,641 | -€18,479 | -79.9% |
| Financial income | 75/76B | €430 | €1,135 | +€705 | +164.0% |
| Recurring financial income | 75 | €430 | €1,135 | +€705 | +164.0% |
| Financial charges | 65/66B | €545 | €2,128 | +€1,582 | +290.0% |
| Recurring financial charges | 65 | €545 | €2,128 | +€1,582 | +290.0% |
| Profit (loss) for the period before taxes | 9903 | €23,004 | €3,648 | -€19,356 | -84.1% |
| Income taxes | 67/77 | €5,284 | €1,137 | -€4,147 | -78.5% |
| Profit (loss) for the period | 9904 | €17,720 | €2,511 | -€15,209 | -85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,720 | €2,511 | -€15,209 | -85.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.