Kendoka: 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.
Kendoka
Largest movements
- Tangible fixed assets -€14,809
down €14,809 (-19.7%), from €75,005 to €60,196
of which Furniture and vehicles: -€7,517
- Receivables within one year +€1,685
up €1,685 (+11.5%), from €14,676 to €16,361
- Other debts -€22,918
down €22,918 (-19.0%), from €120,564 to €97,646
- Profit (loss) carried forward +€6,722
up €6,722 (+36.2%), from -€18,551 to -€11,829
- Short-term financial debts +€3,207
new in 2025: €3,207
- Gross operating margin +€984
up €984 (+4.9%), from €20,169 to €21,153
- Depreciation -€946
down €946 (-6.0%), from €15,755 to €14,809
- Other operating charges -€383
down €383 (-67.4%), from €569 to €186
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.
Derived cash bridge
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 | €130,063 | €116,557 | -€13,506 | -10.4% |
| Fixed assets | 21/28 | €75,005 | €60,196 | -€14,809 | -19.7% |
| Tangible fixed assets | 22/27 | €75,005 | €60,196 | -€14,809 | -19.7% |
| Land and buildings | 22 | €6,055 | €5,463 | -€593 | -9.8% |
| Plant, machinery and equipment | 23 | €16,312 | €10,230 | -€6,082 | -37.3% |
| Furniture and vehicles | 24 | €49,492 | €41,974 | -€7,517 | -15.2% |
| Other tangible fixed assets | 26 | €3,146 | €2,529 | -€617 | -19.6% |
| Current assets | 29/58 | €55,058 | €56,361 | +€1,303 | +2.4% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,676 | €16,361 | +€1,685 | +11.5% |
| Other amounts receivable | 41 | €14,676 | €16,361 | +€1,685 | +11.5% |
| Cash at bank and in hand | 54/58 | €382 | - | -€382 | |
| Total equity and liabilities | 10/49 | €130,063 | €116,557 | -€13,506 | -10.4% |
| Equity | 10/15 | -€491 | €6,231 | +€6,722 | |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,551 | -€11,829 | +€6,722 | +36.2% |
| Amounts payable | 17/49 | €130,554 | €110,326 | -€20,228 | -15.5% |
| Amounts payable within one year | 42/48 | €129,354 | €110,326 | -€19,028 | -14.7% |
| Financial debts | 43 | - | €3,207 | +€3,207 | |
| Credit institutions | 430/8 | - | €3,207 | +€3,207 | |
| Trade debts | 44 | €4,912 | €5,594 | +€683 | +13.9% |
| Suppliers | 440/4 | €4,912 | €5,594 | +€683 | +13.9% |
| Taxes, remuneration and social security | 45 | €3,878 | €3,878 | = | 0.0% |
| Remuneration and social security | 454/9 | €3,878 | €3,878 | = | 0.0% |
| Other amounts payable | 47/48 | €120,564 | €97,646 | -€22,918 | -19.0% |
| Accrued charges and deferred income | 492/3 | €1,200 | - | -€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,755 | €14,809 | -€946 | -6.0% |
| Other operating charges | 640/8 | €569 | €186 | -€383 | -67.4% |
| Gross operating margin | 9900 | €20,169 | €21,153 | +€984 | +4.9% |
| Operating profit (loss) | 9901 | €3,844 | €6,158 | +€2,314 | +60.2% |
| Financial income | 75/76B | €1,200 | €1,200 | = | 0.0% |
| Recurring financial income | 75 | €1,200 | €1,200 | = | 0.0% |
| Financial charges | 65/66B | €646 | €636 | -€10 | -1.6% |
| Recurring financial charges | 65 | €646 | €636 | -€10 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €4,398 | €6,722 | +€2,324 | +52.8% |
| Profit (loss) for the period | 9904 | €4,398 | €6,722 | +€2,324 | +52.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,398 | €6,722 | +€2,324 | +52.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.