KENNES & CO: 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 & CO
Largest movements
- Tangible fixed assets +€2,585
up €2,585 (+19.0%), from €13,639 to €16,224
of which Other tangible fixed assets: +€2,747
- Receivables within one year -€2,372
down €2,372 (-18.3%), from €12,976 to €10,604
of which Trade receivables: -€1,980
- Stocks and contracts -€1,543
no longer reported in 2025 (was €1,543)
- Other debts -€37,732
down €37,732 (-54.0%), from €69,812 to €32,080
- Profit (loss) carried forward +€34,816
up €34,816 (+77.0%), from -€45,202 to -€10,387
- Tax, wage and social debts +€2,869
new in 2025: €2,869
- Trade debts -€927
down €927 (-46.4%), from €1,996 to €1,069
- Gross operating margin +€31,415
up €31,415 (+303%), from €10,381 to €41,796
- Depreciation +€1,731
up €1,731 (+40.1%), from €4,312 to €6,043
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 | €32,806 | €31,832 | -€974 | -3.0% |
| Fixed assets | 21/28 | €13,639 | €16,224 | +€2,585 | +19.0% |
| Tangible fixed assets | 22/27 | €13,639 | €16,224 | +€2,585 | +19.0% |
| Furniture and vehicles | 24 | €2,628 | €2,466 | -€162 | -6.2% |
| Other tangible fixed assets | 26 | €11,011 | €13,758 | +€2,747 | +25.0% |
| Current assets | 29/58 | €19,167 | €15,607 | -€3,559 | -18.6% |
| Stocks and contracts in progress | 3 | €1,543 | - | -€1,543 | |
| Stocks | 30/36 | €1,543 | - | -€1,543 | |
| Amounts receivable within one year | 40/41 | €12,976 | €10,604 | -€2,372 | -18.3% |
| Trade receivables | 40 | €12,584 | €10,604 | -€1,980 | -15.7% |
| Other amounts receivable | 41 | €392 | - | -€392 | |
| Cash at bank and in hand | 54/58 | €4,647 | €4,968 | +€320 | +6.9% |
| Deferred charges and accrued income | 490/1 | - | €36 | +€36 | |
| Total equity and liabilities | 10/49 | €32,806 | €31,832 | -€974 | -3.0% |
| Equity | 10/15 | -€39,002 | -€4,187 | +€34,816 | +89.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,202 | -€10,387 | +€34,816 | +77.0% |
| Amounts payable | 17/49 | €71,808 | €36,018 | -€35,790 | -49.8% |
| Amounts payable within one year | 42/48 | €71,808 | €36,018 | -€35,790 | -49.8% |
| Trade debts | 44 | €1,996 | €1,069 | -€927 | -46.4% |
| Suppliers | 440/4 | €1,996 | €1,069 | -€927 | -46.4% |
| Taxes, remuneration and social security | 45 | - | €2,869 | +€2,869 | |
| Taxes | 450/3 | - | €2,869 | +€2,869 | |
| Other amounts payable | 47/48 | €69,812 | €32,080 | -€37,732 | -54.0% |
| Non-recurring operating income | 76A | €135 | - | -€135 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,312 | €6,043 | +€1,731 | +40.1% |
| Other operating charges | 640/8 | €387 | €485 | +€97 | +25.1% |
| Gross operating margin | 9900 | €10,381 | €41,796 | +€31,415 | +303% |
| Operating profit (loss) | 9901 | €5,682 | €35,268 | +€29,586 | +521% |
| Financial charges | 65/66B | €410 | €453 | +€42 | +10.3% |
| Recurring financial charges | 65 | €410 | €453 | +€42 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €5,271 | €34,816 | +€29,544 | +560% |
| Profit (loss) for the period | 9904 | €5,271 | €34,816 | +€29,544 | +560% |
| Profit (loss) for the period to be appropriated | 9905 | €5,271 | €34,816 | +€29,544 | +560% |
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 20 October 2026 via checked.be.