KENDRA: 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.
KENDRA
Largest movements
- Cash -€2,646
down €2,646 (-28.1%), from €9,416 to €6,770
mainly Net result for the year (-€15,416) and Stocks and contracts (-€2,340)
- Stocks and contracts +€2,340
new in 2025: €2,340
- Receivables within one year +€1,529
up €1,529 (+204.6%), from €747 to €2,276
- Tangible fixed assets -€636
down €636 (-20.3%), from €3,128 to €2,492
- Profit (loss) carried forward -€15,416
down €15,416, from €9,811 to -€5,605
- Other debts +€9,828
new in 2025: €9,828
- Tax, wage and social debts +€7,143
up €7,143 (+291.2%), from €2,453 to €9,596
of which Remuneration and social security: +€6,500
- Trade debts -€969
down €969 (-47.8%), from €2,028 to €1,059
- Gross operating margin -€21,520
down €21,520, from €9,301 to -€12,219
- Taxes -€1,711
down €1,711 (-96.3%), from €1,777 to €66
- Financial charges +€799
up €799 (+39927.5%), from €2 to €801
- Staff costs +€683
up €683 (+188.6%), from €362 to €1,044
- Other operating charges +€650
new in 2025: €650
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 | €16,292 | €16,878 | +€586 | +3.6% |
| Fixed assets | 21/28 | €6,128 | €5,492 | -€636 | -10.4% |
| Tangible fixed assets | 22/27 | €3,128 | €2,492 | -€636 | -20.3% |
| Furniture and vehicles | 24 | €3,128 | €2,492 | -€636 | -20.3% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €10,164 | €11,386 | +€1,223 | +12.0% |
| Stocks and contracts in progress | 3 | - | €2,340 | +€2,340 | |
| Stocks | 30/36 | - | €2,340 | +€2,340 | |
| Amounts receivable within one year | 40/41 | €747 | €2,276 | +€1,529 | +204.6% |
| Other amounts receivable | 41 | €747 | €2,276 | +€1,529 | +204.6% |
| Cash at bank and in hand | 54/58 | €9,416 | €6,770 | -€2,646 | -28.1% |
| Total equity and liabilities | 10/49 | €16,292 | €16,878 | +€586 | +3.6% |
| Equity | 10/15 | €11,811 | -€3,605 | -€15,416 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,811 | -€5,605 | -€15,416 | |
| Amounts payable | 17/49 | €4,481 | €20,483 | +€16,002 | +357.1% |
| Amounts payable within one year | 42/48 | €4,481 | €20,483 | +€16,002 | +357.1% |
| Trade debts | 44 | €2,028 | €1,059 | -€969 | -47.8% |
| Suppliers | 440/4 | €2,028 | €1,059 | -€969 | -47.8% |
| Taxes, remuneration and social security | 45 | €2,453 | €9,596 | +€7,143 | +291.2% |
| Taxes | 450/3 | €2,453 | €3,096 | +€643 | +26.2% |
| Remuneration and social security | 454/9 | - | €6,500 | +€6,500 | |
| Other amounts payable | 47/48 | - | €9,828 | +€9,828 | |
| Remuneration, social security and pensions | 62 | €362 | €1,044 | +€683 | +188.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54 | €636 | +€582 | +1080.6% |
| Other operating charges | 640/8 | - | €650 | +€650 | |
| Gross operating margin | 9900 | €9,301 | -€12,219 | -€21,520 | |
| Operating profit (loss) | 9901 | €8,885 | -€14,549 | -€23,434 | |
| Financial charges | 65/66B | €2 | €801 | +€799 | +39927.5% |
| Recurring financial charges | 65 | €2 | €801 | +€799 | +39927.5% |
| Profit (loss) for the period before taxes | 9903 | €8,883 | -€15,350 | -€24,233 | |
| Income taxes | 67/77 | €1,777 | €66 | -€1,711 | -96.3% |
| Profit (loss) for the period | 9904 | €7,106 | -€15,416 | -€22,522 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,106 | -€15,416 | -€22,522 |
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.