Kenn Colt: 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.
Kenn Colt
Largest movements
- Receivables within one year -€174,578
down €174,578 (-75.7%), from €230,705 to €56,127
of which Trade receivables: -€141,616
- Cash +€22,548
up €22,548 (+92.8%), from €24,288 to €46,836
mainly Receivables within one year (+€174,578) and Deferred charges and accrued income (+€5,286)
- Deferred charges and accrued income -€5,286
no longer reported in 2025 (was €5,286)
- Tangible fixed assets -€3,737
down €3,737 (-51.9%), from €7,206 to €3,469
of which Plant, machinery and equipment: -€2,581
- Trade debts -€85,562
down €85,562 (-78.5%), from €108,927 to €23,365
- Tax, wage and social debts -€49,765
down €49,765 (-84.3%), from €59,045 to €9,280
- Profit (loss) carried forward -€25,727
down €25,727, from €16,977 to -€8,750
- Gross operating margin -€58,895
down €58,895, from €37,753 to -€21,142
- Taxes -€4,917
no longer reported in 2025 (was €4,917)
- Other operating charges +€422
up €422 (+680%), from €62 to €484
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 | €268,621 | €107,568 | -€161,054 | -60.0% |
| Fixed assets | 21/28 | €7,206 | €3,469 | -€3,737 | -51.9% |
| Tangible fixed assets | 22/27 | €7,206 | €3,469 | -€3,737 | -51.9% |
| Plant, machinery and equipment | 23 | €4,893 | €2,312 | -€2,581 | -52.7% |
| Furniture and vehicles | 24 | €2,313 | €1,157 | -€1,157 | -50.0% |
| Current assets | 29/58 | €261,415 | €104,099 | -€157,316 | -60.2% |
| Stocks and contracts in progress | 3 | €1,136 | €1,136 | = | 0.0% |
| Stocks | 30/36 | €1,136 | €1,136 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €230,705 | €56,127 | -€174,578 | -75.7% |
| Trade receivables | 40 | €180,990 | €39,374 | -€141,616 | -78.2% |
| Other amounts receivable | 41 | €49,715 | €16,753 | -€32,961 | -66.3% |
| Cash at bank and in hand | 54/58 | €24,288 | €46,836 | +€22,548 | +92.8% |
| Deferred charges and accrued income | 490/1 | €5,286 | - | -€5,286 | |
| Total equity and liabilities | 10/49 | €268,621 | €107,568 | -€161,054 | -60.0% |
| Equity | 10/15 | €100,650 | €74,923 | -€25,727 | -25.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €65,072 | €65,072 | = | 0.0% |
| Non-distributable reserves | 130/1 | €129 | €129 | = | 0.0% |
| Legal reserve | 130 | €129 | €129 | = | 0.0% |
| Distributable reserves | 133 | €64,943 | €64,943 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,977 | -€8,750 | -€25,727 | |
| Amounts payable | 17/49 | €167,971 | €32,645 | -€135,327 | -80.6% |
| Amounts payable within one year | 42/48 | €167,971 | €32,645 | -€135,327 | -80.6% |
| Trade debts | 44 | €108,927 | €23,365 | -€85,562 | -78.5% |
| Suppliers | 440/4 | €108,927 | €23,365 | -€85,562 | -78.5% |
| Taxes, remuneration and social security | 45 | €59,045 | €9,280 | -€49,765 | -84.3% |
| Taxes | 450/3 | €59,045 | €9,280 | -€49,765 | -84.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,800 | €3,737 | -€62 | -1.6% |
| Other operating charges | 640/8 | €62 | €484 | +€422 | +680% |
| Gross operating margin | 9900 | €37,753 | -€21,142 | -€58,895 | |
| Operating profit (loss) | 9901 | €33,891 | -€25,363 | -€59,254 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €13 | €364 | +€352 | +2,723% |
| Recurring financial charges | 65 | €13 | €364 | +€352 | +2,723% |
| Profit (loss) for the period before taxes | 9903 | €33,878 | -€25,727 | -€59,605 | |
| Income taxes | 67/77 | €4,917 | - | -€4,917 | |
| Profit (loss) for the period | 9904 | €28,962 | -€25,727 | -€54,689 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,962 | -€25,727 | -€54,689 |
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 29 October 2026 via checked.be.