KENES & DE BOCK: 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.
KENES & DE BOCK
Largest movements
- Cash +€14,119
up €14,119 (+134%), from €10,502 to €24,621
mainly Net result for the year (+€9,716) and Other debts (+€1,572)
- Receivables within one year -€1,129
down €1,129 (-10.8%), from €10,451 to €9,322
of which Trade receivables: -€915
- Tangible fixed assets -€979
down €979 (-25.3%), from €3,873 to €2,894
- Stocks and contracts -€384
down €384 (-26.2%), from €1,465 to €1,081
- Profit (loss) carried forward +€9,716
up €9,716 (+65.9%), from -€14,743 to -€5,028
- Other debts +€1,572
up €1,572 (+57.3%), from €2,741 to €4,313
- Tax, wage and social debts +€440
up €440 (+25.2%), from €1,742 to €2,182
- Gross operating margin +€12,614
up €12,614, from -€970 to €11,644
- Financial charges -€1,404
down €1,404 (-83.8%), from €1,676 to €271
- Depreciation -€250
down €250 (-20.3%), from €1,228 to €979
- Taxes -€160
no longer reported in 2025 (was €160)
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 | €26,291 | €38,140 | +€11,850 | +45.1% |
| Fixed assets | 21/28 | €3,873 | €2,894 | -€979 | -25.3% |
| Tangible fixed assets | 22/27 | €3,873 | €2,894 | -€979 | -25.3% |
| Land and buildings | 22 | €1,868 | €1,490 | -€378 | -20.2% |
| Plant, machinery and equipment | 23 | €518 | €343 | -€175 | -33.8% |
| Furniture and vehicles | 24 | €1,487 | €1,062 | -€426 | -28.6% |
| Current assets | 29/58 | €22,418 | €35,246 | +€12,828 | +57.2% |
| Stocks and contracts in progress | 3 | €1,465 | €1,081 | -€384 | -26.2% |
| Stocks | 30/36 | €1,465 | €1,081 | -€384 | -26.2% |
| Amounts receivable within one year | 40/41 | €10,451 | €9,322 | -€1,129 | -10.8% |
| Trade receivables | 40 | €10,237 | €9,322 | -€915 | -8.9% |
| Other amounts receivable | 41 | €214 | - | -€214 | |
| Cash at bank and in hand | 54/58 | €10,502 | €24,621 | +€14,119 | +134% |
| Deferred charges and accrued income | 490/1 | - | €222 | +€222 | |
| Total equity and liabilities | 10/49 | €26,291 | €38,140 | +€11,850 | +45.1% |
| Equity | 10/15 | €6,276 | €15,991 | +€9,716 | +155% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,419 | €2,419 | = | 0.0% |
| Distributable reserves | 133 | €2,419 | €2,419 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,743 | -€5,028 | +€9,716 | +65.9% |
| Amounts payable | 17/49 | €20,015 | €22,149 | +€2,134 | +10.7% |
| Amounts payable after more than one year | 17 | €875 | €875 | = | 0.0% |
| Financial debts | 170/4 | €875 | €875 | = | 0.0% |
| Amounts payable within one year | 42/48 | €19,140 | €21,274 | +€2,134 | +11.1% |
| Trade debts | 44 | €14,657 | €14,779 | +€123 | +0.8% |
| Suppliers | 440/4 | €14,657 | €14,779 | +€123 | +0.8% |
| Taxes, remuneration and social security | 45 | €1,742 | €2,182 | +€440 | +25.2% |
| Taxes | 450/3 | €1,742 | €2,182 | +€440 | +25.2% |
| Other amounts payable | 47/48 | €2,741 | €4,313 | +€1,572 | +57.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,228 | €979 | -€250 | -20.3% |
| Other operating charges | 640/8 | €660 | €679 | +€19 | +2.9% |
| Gross operating margin | 9900 | -€970 | €11,644 | +€12,614 | |
| Operating profit (loss) | 9901 | -€2,858 | €9,987 | +€12,845 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +4,300% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +4,300% |
| Financial charges | 65/66B | €1,676 | €271 | -€1,404 | -83.8% |
| Recurring financial charges | 65 | €1,676 | €271 | -€1,404 | -83.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,534 | €9,716 | +€14,250 | |
| Income taxes | 67/77 | €160 | - | -€160 | |
| Profit (loss) for the period | 9904 | -€4,694 | €9,716 | +€14,410 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,694 | €9,716 | +€14,410 |
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 15 October 2026 via checked.be.