KENLO-DESIGN: 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.
KENLO-DESIGN
Largest movements
- Receivables within one year +€12,589
up €12,589 (+12.2%), from €103,331 to €115,920
of which Other amounts receivable: +€11,764
- Cash +€11,213
up €11,213 (+33.5%), from €33,423 to €44,636
mainly Other debts (+€59,076) and Net result for the year (+€25,909)
- Tangible fixed assets -€7,607
down €7,607 (-5.2%), from €145,508 to €137,901
of which Other tangible fixed assets: -€7,183
- Other debts +€59,076
up €59,076 (+730%), from €8,091 to €67,167
- Reserves -€40,000
down €40,000 (-33.1%), from €120,981 to €80,981
- Debts after one year -€6,087
down €6,087 (-4.9%), from €124,437 to €118,350
- Tax, wage and social debts +€3,387
up €3,387 (+207%), from €1,633 to €5,019
of which Remuneration and social security: +€3,288
- Gross operating margin -€4,558
down €4,558 (-9.0%), from €50,799 to €46,241
- Financial income +€2,104
up €2,104 (+2,178%), from €97 to €2,201
- Other operating charges -€975
down €975 (-37.2%), from €2,621 to €1,647
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 | €282,727 | €298,943 | +€16,215 | +5.7% |
| Fixed assets | 21/28 | €145,508 | €137,901 | -€7,607 | -5.2% |
| Tangible fixed assets | 22/27 | €145,508 | €137,901 | -€7,607 | -5.2% |
| Furniture and vehicles | 24 | €924 | €500 | -€424 | -45.9% |
| Other tangible fixed assets | 26 | €144,584 | €137,401 | -€7,183 | -5.0% |
| Current assets | 29/58 | €137,219 | €161,041 | +€23,822 | +17.4% |
| Amounts receivable within one year | 40/41 | €103,331 | €115,920 | +€12,589 | +12.2% |
| Trade receivables | 40 | €11,342 | €12,168 | +€826 | +7.3% |
| Other amounts receivable | 41 | €91,989 | €103,753 | +€11,764 | +12.8% |
| Cash at bank and in hand | 54/58 | €33,423 | €44,636 | +€11,213 | +33.5% |
| Deferred charges and accrued income | 490/1 | €465 | €485 | +€20 | +4.2% |
| Total equity and liabilities | 10/49 | €282,727 | €298,943 | +€16,215 | +5.7% |
| Equity | 10/15 | €139,581 | €99,581 | -€40,000 | -28.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €120,981 | €80,981 | -€40,000 | -33.1% |
| Distributable reserves | 133 | €120,981 | €80,981 | -€40,000 | -33.1% |
| Amounts payable | 17/49 | €143,147 | €199,362 | +€56,215 | +39.3% |
| Amounts payable after more than one year | 17 | €124,437 | €118,350 | -€6,087 | -4.9% |
| Financial debts | 170/4 | €124,437 | €118,350 | -€6,087 | -4.9% |
| Amounts payable within one year | 42/48 | €18,010 | €80,312 | +€62,302 | +346% |
| Current portion of amounts payable after more than one year | 42 | €5,854 | €6,087 | +€233 | +4.0% |
| Trade debts | 44 | €2,433 | €2,039 | -€393 | -16.2% |
| Suppliers | 440/4 | €2,433 | €2,039 | -€393 | -16.2% |
| Taxes, remuneration and social security | 45 | €1,633 | €5,019 | +€3,387 | +207% |
| Taxes | 450/3 | €1,633 | €1,732 | +€99 | +6.1% |
| Remuneration and social security | 454/9 | - | €3,288 | +€3,288 | |
| Other amounts payable | 47/48 | €8,091 | €67,167 | +€59,076 | +730% |
| Accrued charges and deferred income | 492/3 | €700 | €700 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,530 | €7,607 | +€76 | +1.0% |
| Other operating charges | 640/8 | €2,621 | €1,647 | -€975 | -37.2% |
| Gross operating margin | 9900 | €50,799 | €46,241 | -€4,558 | -9.0% |
| Operating profit (loss) | 9901 | €40,648 | €36,988 | -€3,660 | -9.0% |
| Financial income | 75/76B | €97 | €2,201 | +€2,104 | +2,178% |
| Recurring financial income | 75 | €97 | €2,201 | +€2,104 | +2,178% |
| Financial charges | 65/66B | €5,977 | €5,754 | -€223 | -3.7% |
| Recurring financial charges | 65 | €5,977 | €5,754 | -€223 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €34,767 | €33,434 | -€1,333 | -3.8% |
| Income taxes | 67/77 | €7,915 | €7,525 | -€390 | -4.9% |
| Profit (loss) for the period | 9904 | €26,852 | €25,909 | -€943 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,852 | €25,909 | -€943 | -3.5% |
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 17 October 2026 via checked.be.