KENNES CONSULTING: 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 CONSULTING
Largest movements
- Cash +€61,985
up €61,985 (+39.8%), from €155,911 to €217,896
mainly Net result for the year (+€71,494) and Receivables within one year (+€12,564)
- Tangible fixed assets +€23,673
up €23,673 (+827%), from €2,861 to €26,535
- Receivables within one year -€12,564
down €12,564 (-26.7%), from €47,115 to €34,551
of which Other amounts receivable: -€12,793
- Deferred charges and accrued income -€3,048
down €3,048 (-53.1%), from €5,744 to €2,696
- Reserves +€60,500
up €60,500 (+38.1%), from €158,860 to €219,360
- Tax, wage and social debts +€10,839
up €10,839 (+56.6%), from €19,158 to €29,997
of which Taxes: +€10,821
- Financial charges +€104,221
up €104,221 (+35,919%), from €290 to €104,512
- Gross operating margin +€45,215
up €45,215 (+27.9%), from €162,106 to €207,321
- Other operating charges -€16,267
down €16,267 (-93.2%), from €17,451 to €1,185
- Taxes -€13,224
down €13,224 (-31.6%), from €41,822 to €28,598
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 | €216,106 | €286,153 | +€70,047 | +32.4% |
| Fixed assets | 21/28 | €7,336 | €31,009 | +€23,673 | +323% |
| Tangible fixed assets | 22/27 | €2,861 | €26,535 | +€23,673 | +827% |
| Furniture and vehicles | 24 | €2,861 | €26,535 | +€23,673 | +827% |
| Financial fixed assets | 28 | €4,475 | €4,475 | = | 0.0% |
| Current assets | 29/58 | €208,770 | €255,144 | +€46,374 | +22.2% |
| Amounts receivable within one year | 40/41 | €47,115 | €34,551 | -€12,564 | -26.7% |
| Trade receivables | 40 | €30,285 | €30,514 | +€229 | +0.8% |
| Other amounts receivable | 41 | €16,830 | €4,037 | -€12,793 | -76.0% |
| Cash at bank and in hand | 54/58 | €155,911 | €217,896 | +€61,985 | +39.8% |
| Deferred charges and accrued income | 490/1 | €5,744 | €2,696 | -€3,048 | -53.1% |
| Total equity and liabilities | 10/49 | €216,106 | €286,153 | +€70,047 | +32.4% |
| Equity | 10/15 | €185,356 | €246,184 | +€60,828 | +32.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €158,860 | €219,360 | +€60,500 | +38.1% |
| Distributable reserves | 133 | €158,860 | €219,360 | +€60,500 | +38.1% |
| Profit (loss) carried forward | 14 | €7,896 | €8,224 | +€328 | +4.2% |
| Amounts payable | 17/49 | €30,750 | €39,969 | +€9,219 | +30.0% |
| Amounts payable within one year | 42/48 | €30,750 | €39,969 | +€9,219 | +30.0% |
| Trade debts | 44 | €1,825 | €2,141 | +€316 | +17.3% |
| Suppliers | 440/4 | €1,825 | €2,141 | +€316 | +17.3% |
| Taxes, remuneration and social security | 45 | €19,158 | €29,997 | +€10,839 | +56.6% |
| Taxes | 450/3 | €14,250 | €25,071 | +€10,821 | +75.9% |
| Remuneration and social security | 454/9 | €4,908 | €4,926 | +€18 | +0.4% |
| Other amounts payable | 47/48 | €9,768 | €7,832 | -€1,936 | -19.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,286 | €2,076 | -€210 | -9.2% |
| Other operating charges | 640/8 | €17,451 | €1,185 | -€16,267 | -93.2% |
| Gross operating margin | 9900 | €162,106 | €207,321 | +€45,215 | +27.9% |
| Operating profit (loss) | 9901 | €142,368 | €204,060 | +€61,692 | +43.3% |
| Financial income | 75/76B | €854 | €543 | -€310 | -36.4% |
| Recurring financial income | 75 | €854 | €543 | -€310 | -36.4% |
| Financial charges | 65/66B | €290 | €104,512 | +€104,221 | +35,919% |
| Recurring financial charges | 65 | €290 | €104,512 | +€104,221 | +35,919% |
| Profit (loss) for the period before taxes | 9903 | €142,932 | €100,092 | -€42,840 | -30.0% |
| Income taxes | 67/77 | €41,822 | €28,598 | -€13,224 | -31.6% |
| Profit (loss) for the period | 9904 | €101,110 | €71,494 | -€29,616 | -29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €101,110 | €71,494 | -€29,616 | -29.3% |
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 26 October 2026 via checked.be.