KENDRYM: 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.
KENDRYM
Largest movements
- Tangible fixed assets -€24,187
down €24,187 (-2.5%), from €971,699 to €947,512
of which Land and buildings: -€23,184
- Cash -€19,059
down €19,059 (-70.0%), from €27,227 to €8,169
mainly Current portion of long-term debt (-€350,000) and Net result for the year (-€10,488)
- Current portion of long-term debt -€350,000
no longer reported in 2025 (was €350,000)
- Debts after one year +€315,000
new in 2025: €315,000
- Reserves -€17,850
down €17,850 (-4.4%), from €404,453 to €386,603
- Gross operating margin +€5,983
up €5,983 (+37.7%), from €15,871 to €21,854
- Financial charges +€2,512
up €2,512 (+107.2%), from €2,343 to €4,855
- Depreciation -€820
down €820 (-3.3%), from €25,007 to €24,187
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 | €998,927 | €955,681 | -€43,246 | -4.3% |
| Fixed assets | 21/28 | €971,699 | €947,512 | -€24,187 | -2.5% |
| Tangible fixed assets | 22/27 | €971,699 | €947,512 | -€24,187 | -2.5% |
| Land and buildings | 22 | €965,682 | €942,498 | -€23,184 | -2.4% |
| Furniture and vehicles | 24 | €6,017 | €5,014 | -€1,003 | -16.7% |
| Current assets | 29/58 | €27,227 | €8,169 | -€19,059 | -70.0% |
| Cash at bank and in hand | 54/58 | €27,227 | €8,169 | -€19,059 | -70.0% |
| Total equity and liabilities | 10/49 | €998,927 | €955,681 | -€43,246 | -4.3% |
| Equity | 10/15 | €547,192 | €536,703 | -€10,488 | -1.9% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €404,453 | €386,603 | -€17,850 | -4.4% |
| Tax-exempt reserves | 132 | €404,453 | €386,603 | -€17,850 | -4.4% |
| Profit (loss) carried forward | 14 | -€105,155 | -€97,793 | +€7,362 | +7.0% |
| Provisions and deferred taxes | 16 | €100,543 | €100,543 | = | 0.0% |
| Deferred taxes | 168 | €100,543 | €100,543 | = | 0.0% |
| Amounts payable | 17/49 | €351,192 | €318,434 | -€32,757 | -9.3% |
| Amounts payable after more than one year | 17 | - | €315,000 | +€315,000 | |
| Financial debts | 170/4 | - | €315,000 | +€315,000 | |
| Amounts payable within one year | 42/48 | €350,844 | €2,125 | -€348,719 | -99.4% |
| Current portion of amounts payable after more than one year | 42 | €350,000 | - | -€350,000 | |
| Trade debts | 44 | €671 | €1,929 | +€1,258 | +187.4% |
| Suppliers | 440/4 | €671 | €1,929 | +€1,258 | +187.4% |
| Other amounts payable | 47/48 | €173 | €196 | +€23 | +13.4% |
| Accrued charges and deferred income | 492/3 | €348 | €1,309 | +€961 | +276.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,007 | €24,187 | -€820 | -3.3% |
| Other operating charges | 640/8 | €3,493 | €3,300 | -€193 | -5.5% |
| Gross operating margin | 9900 | €15,871 | €21,854 | +€5,983 | +37.7% |
| Operating profit (loss) | 9901 | -€12,630 | -€5,633 | +€6,996 | +55.4% |
| Financial charges | 65/66B | €2,343 | €4,855 | +€2,512 | +107.2% |
| Recurring financial charges | 65 | €2,343 | €4,855 | +€2,512 | +107.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,973 | -€10,488 | +€4,484 | +29.9% |
| Transfer from deferred taxes | 780 | €4,463 | - | -€4,463 | |
| Profit (loss) for the period | 9904 | -€10,510 | -€10,488 | +€22 | +0.2% |
| Transfer from tax-exempt reserves | 789 | €13,388 | €17,850 | +€4,463 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,877 | €7,362 | +€4,484 | +155.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.