KENNES: 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.
KENNES
Largest movements
- Tangible fixed assets -€23,239
down €23,239 (-14.8%), from €156,706 to €133,467
of which Land and buildings: -€18,552
- Reserves -€19,139
down €19,139 (-5.0%), from €384,428 to €365,289
of which Distributable reserves: -€19,139
- Other debts -€6,349
down €6,349 (-73.5%), from €8,641 to €2,292
- Gross operating margin -€16,891
down €16,891 (-74.2%), from €22,763 to €5,872
- Depreciation +€770
up €770 (+3.3%), from €23,130 to €23,899
- Financial charges -€229
down €229 (-63.0%), from €363 to €134
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 | €550,915 | €529,489 | -€21,426 | -3.9% |
| Fixed assets | 21/28 | €156,706 | €133,467 | -€23,239 | -14.8% |
| Tangible fixed assets | 22/27 | €156,706 | €133,467 | -€23,239 | -14.8% |
| Land and buildings | 22 | €151,509 | €132,957 | -€18,552 | -12.2% |
| Furniture and vehicles | 24 | - | €510 | +€510 | |
| Leasing and similar rights | 25 | €5,196 | - | -€5,196 | |
| Current assets | 29/58 | €394,209 | €396,022 | +€1,813 | +0.5% |
| Amounts receivable after more than one year | 29 | €76,000 | €76,000 | = | 0.0% |
| Other amounts receivable | 291 | €76,000 | €76,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,902 | €16,406 | +€4,504 | +37.8% |
| Trade receivables | 40 | €1,741 | €5,898 | +€4,157 | +239% |
| Other amounts receivable | 41 | €10,161 | €10,508 | +€347 | +3.4% |
| Cash at bank and in hand | 54/58 | €306,307 | €302,673 | -€3,635 | -1.2% |
| Deferred charges and accrued income | 490/1 | - | €944 | +€944 | |
| Total equity and liabilities | 10/49 | €550,915 | €529,489 | -€21,426 | -3.9% |
| Equity | 10/15 | €541,840 | €522,702 | -€19,139 | -3.5% |
| Contributions | 10/11 | €157,412 | €157,412 | = | 0.0% |
| Reserves | 13 | €384,428 | €365,289 | -€19,139 | -5.0% |
| Non-distributable reserves | 130/1 | €25,657 | €25,657 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,657 | €25,657 | = | 0.0% |
| Distributable reserves | 133 | €358,771 | €339,632 | -€19,139 | -5.3% |
| Amounts payable | 17/49 | €9,074 | €6,787 | -€2,287 | -25.2% |
| Amounts payable within one year | 42/48 | €9,074 | €6,787 | -€2,287 | -25.2% |
| Trade debts | 44 | - | €3,601 | +€3,601 | |
| Suppliers | 440/4 | - | €3,601 | +€3,601 | |
| Taxes, remuneration and social security | 45 | €433 | €895 | +€462 | +107% |
| Taxes | 450/3 | €433 | €895 | +€462 | +107% |
| Other amounts payable | 47/48 | €8,641 | €2,292 | -€6,349 | -73.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,130 | €23,899 | +€770 | +3.3% |
| Other operating charges | 640/8 | €2,321 | €2,416 | +€95 | +4.1% |
| Gross operating margin | 9900 | €22,763 | €5,872 | -€16,891 | -74.2% |
| Operating profit (loss) | 9901 | -€2,687 | -€20,443 | -€17,756 | -661% |
| Financial income | 75/76B | €1,900 | €1,900 | -€0 | 0.0% |
| Recurring financial income | 75 | €1,900 | €1,900 | -€0 | 0.0% |
| Financial charges | 65/66B | €363 | €134 | -€229 | -63.0% |
| Recurring financial charges | 65 | €363 | €134 | -€229 | -63.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,150 | -€18,677 | -€17,527 | -1,524% |
| Income taxes | 67/77 | €433 | €462 | +€28 | +6.6% |
| Profit (loss) for the period | 9904 | -€1,583 | -€19,139 | -€17,555 | -1,109% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,583 | -€19,139 | -€17,555 | -1,109% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.