KENNEDYRONDPUNT: what changed
What changed
KENNEDYRONDPUNT
filed annual accounts (NBB)
Net result for the year
€29,204
2024 · €23,909+€5,295
Equity
€44,469
2024 · €15,265+€29,204
Cash
€25,981
2024 · €20,536+€5,445
Balance sheet total
€1.2m
2024 · €1.3m-€104,276
Largest movements
Assets
- Tangible fixed assets -€94,905
down €94,905 (-7.5%), from €1.3m to €1.2m
of which Leasing and similar rights: -€90,220
- Deferred charges and accrued income -€14,817
down €14,817 (-49.3%), from €30,058 to €15,241
Equity and liabilities
- Debts after one year -€153,475
down €153,475 (-13.0%), from €1.2m to €1.0m
of which Financial debts: -€153,475
- Reserves +€29,204
up €29,204 (+326%), from €8,965 to €38,169
of which Distributable reserves: +€29,204
Income statement
- Taxes +€12,853
up €12,853 (+1,120%), from €1,147 to €14,000
- Gross operating margin +€10,939
up €10,939 (+4.7%), from €230,702 to €241,640
- Financial charges -€8,013
down €8,013 (-9.4%), from €85,066 to €77,053
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€23,909
Gross operating margin
+€10,939
Other operating charges
-€804
Financial charges
+€8,013
Taxes
-€12,853
Result 2025
€29,204
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€150,438
Investment
€0
Financing
-€144,993
Cash 2024
€20,536
From operations (derived)
+€150,438
Net result for the year
+€29,204
Depreciation
+€94,905
Deferred charges and accrued income
+€14,817
Tax, wage and social debts
+€9,000
Accrued charges and deferred income
+€2,512
Financing
-€144,993
Debts after one year
-€153,475
Current portion of long-term debt
+€8,483
Cash 2025
€25,981
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,338,694 | €1,234,417 | -€104,276 | -7.8% |
| Fixed assets | 21/28 | €1,266,747 | €1,171,843 | -€94,905 | -7.5% |
| Tangible fixed assets | 22/27 | €1,266,747 | €1,171,843 | -€94,905 | -7.5% |
| Plant, machinery and equipment | 23 | €2,657 | €1,771 | -€886 | -33.3% |
| Leasing and similar rights | 25 | €1,255,565 | €1,165,345 | -€90,220 | -7.2% |
| Other tangible fixed assets | 26 | €8,525 | €4,727 | -€3,799 | -44.6% |
| Current assets | 29/58 | €71,946 | €62,574 | -€9,372 | -13.0% |
| Amounts receivable within one year | 40/41 | €21,353 | €21,353 | = | 0.0% |
| Trade receivables | 40 | €18,500 | €18,500 | = | 0.0% |
| Other amounts receivable | 41 | €2,853 | €2,853 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,536 | €25,981 | +€5,445 | +26.5% |
| Deferred charges and accrued income | 490/1 | €30,058 | €15,241 | -€14,817 | -49.3% |
| Total equity and liabilities | 10/49 | €1,338,694 | €1,234,417 | -€104,276 | -7.8% |
| Equity | 10/15 | €15,265 | €44,469 | +€29,204 | +191% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €8,965 | €38,169 | +€29,204 | +326% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,105 | €36,309 | +€29,204 | +411% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,323,429 | €1,189,949 | -€133,480 | -10.1% |
| Amounts payable after more than one year | 17 | €1,177,368 | €1,023,893 | -€153,475 | -13.0% |
| Financial debts | 170/4 | €1,171,368 | €1,017,893 | -€153,475 | -13.1% |
| Other amounts payable | 178/9 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €144,993 | €162,475 | +€17,483 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €144,993 | €153,475 | +€8,483 | +5.9% |
| Taxes, remuneration and social security | 45 | - | €9,000 | +€9,000 | |
| Taxes | 450/3 | - | €9,000 | +€9,000 | |
| Accrued charges and deferred income | 492/3 | €1,069 | €3,581 | +€2,512 | +235% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,905 | €94,905 | = | 0.0% |
| Other operating charges | 640/8 | €25,675 | €26,479 | +€804 | +3.1% |
| Gross operating margin | 9900 | €230,702 | €241,640 | +€10,939 | +4.7% |
| Operating profit (loss) | 9901 | €110,122 | €120,257 | +€10,135 | +9.2% |
| Financial charges | 65/66B | €85,066 | €77,053 | -€8,013 | -9.4% |
| Recurring financial charges | 65 | €85,066 | €77,053 | -€8,013 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €25,056 | €43,204 | +€18,148 | +72.4% |
| Income taxes | 67/77 | €1,147 | €14,000 | +€12,853 | +1,120% |
| Profit (loss) for the period | 9904 | €23,909 | €29,204 | +€5,295 | +22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,909 | €29,204 | +€5,295 | +22.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.