KENN&TH: 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&TH
Largest movements
- Cash -€7,196
down €7,196 (-38.0%), from €18,956 to €11,759
mainly Contributions, distributions and other (-€11,903) and Trade debts (-€6,810)
- Receivables within one year +€2,659
up €2,659 (+16.1%), from €16,487 to €19,146
of which Other amounts receivable: +€4,070
- Tangible fixed assets -€2,458
down €2,458 (-31.3%), from €7,860 to €5,403
of which Furniture and vehicles: -€2,009
- Deferred charges and accrued income -€1,484
down €1,484 (-30.4%), from €4,876 to €3,392
- Other debts +€14,861
up €14,861 (+810.6%), from €1,833 to €16,694
- Reserves -€11,903
down €11,903 (-33.5%), from €35,523 to €23,620
- Trade debts -€6,810
down €6,810 (-71.9%), from €9,471 to €2,662
- Profit (loss) carried forward -€3,525
down €3,525 (-36.0%), from -€9,781 to -€13,305
- Current portion of long-term debt -€1,738
down €1,738 (-100.0%), from €1,738 to €0
- Gross operating margin +€6,024
up €6,024, from -€5,767 to €257
- Depreciation -€230
down €230 (-8.6%), from €2,688 to €2,458
- Taxes -€146
down €146 (-42.5%), from €344 to €198
- Financial income -€127
down €127 (-29.0%), from €437 to €310
- Other operating charges +€69
up €69 (+10.4%), from €663 to €732
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 | €48,185 | €39,705 | -€8,479 | -17.6% |
| Fixed assets | 21/28 | €7,865 | €5,408 | -€2,458 | -31.2% |
| Tangible fixed assets | 22/27 | €7,860 | €5,403 | -€2,458 | -31.3% |
| Land and buildings | 22 | €655 | €296 | -€359 | -54.8% |
| Plant, machinery and equipment | 23 | €1,624 | €1,534 | -€90 | -5.5% |
| Furniture and vehicles | 24 | €5,582 | €3,572 | -€2,009 | -36.0% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €40,319 | €34,298 | -€6,022 | -14.9% |
| Amounts receivable within one year | 40/41 | €16,487 | €19,146 | +€2,659 | +16.1% |
| Trade receivables | 40 | €9,051 | €7,640 | -€1,411 | -15.6% |
| Other amounts receivable | 41 | €7,436 | €11,506 | +€4,070 | +54.7% |
| Cash at bank and in hand | 54/58 | €18,956 | €11,759 | -€7,196 | -38.0% |
| Deferred charges and accrued income | 490/1 | €4,876 | €3,392 | -€1,484 | -30.4% |
| Total equity and liabilities | 10/49 | €48,185 | €39,705 | -€8,479 | -17.6% |
| Equity | 10/15 | €31,942 | €16,515 | -€15,427 | -48.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €35,523 | €23,620 | -€11,903 | -33.5% |
| Distributable reserves | 133 | €35,523 | €23,620 | -€11,903 | -33.5% |
| Profit (loss) carried forward | 14 | -€9,781 | -€13,305 | -€3,525 | -36.0% |
| Amounts payable | 17/49 | €16,242 | €23,190 | +€6,948 | +42.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €16,242 | €23,190 | +€6,948 | +42.8% |
| Current portion of amounts payable after more than one year | 42 | €1,738 | €0 | -€1,738 | -100.0% |
| Financial debts | 43 | €345 | €814 | +€469 | +136.1% |
| Credit institutions | 430/8 | €345 | €814 | +€469 | +136.1% |
| Trade debts | 44 | €9,471 | €2,662 | -€6,810 | -71.9% |
| Suppliers | 440/4 | €9,471 | €2,662 | -€6,810 | -71.9% |
| Taxes, remuneration and social security | 45 | €2,855 | €3,021 | +€166 | +5.8% |
| Taxes | 450/3 | €1,409 | €1,021 | -€388 | -27.5% |
| Remuneration and social security | 454/9 | €1,447 | €2,000 | +€553 | +38.3% |
| Other amounts payable | 47/48 | €1,833 | €16,694 | +€14,861 | +810.6% |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,688 | €2,458 | -€230 | -8.6% |
| Other operating charges | 640/8 | €663 | €732 | +€69 | +10.4% |
| Gross operating margin | 9900 | -€5,767 | €257 | +€6,024 | |
| Operating profit (loss) | 9901 | -€9,117 | -€2,933 | +€6,185 | +67.8% |
| Financial income | 75/76B | €437 | €310 | -€127 | -29.0% |
| Recurring financial income | 75 | €437 | €310 | -€127 | -29.0% |
| Financial charges | 65/66B | €756 | €704 | -€52 | -6.8% |
| Recurring financial charges | 65 | €756 | €704 | -€52 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,437 | -€3,327 | +€6,110 | +64.7% |
| Income taxes | 67/77 | €344 | €198 | -€146 | -42.5% |
| Profit (loss) for the period | 9904 | -€9,781 | -€3,525 | +€6,256 | +64.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,781 | -€3,525 | +€6,256 | +64.0% |
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 12 October 2026 via checked.be.