KENNES MARC OPERATIONS: 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 MARC OPERATIONS
Largest movements
- Cash +€44,385
up €44,385 (+90.0%), from €49,306 to €93,691
mainly Net result for the year (+€13,729) and Trade debts (+€11,030)
- Receivables within one year -€5,748
down €5,748 (-19.8%), from €29,066 to €23,319
of which Trade receivables: -€3,217
- Tangible fixed assets +€4,270
up €4,270 (+80.3%), from €5,318 to €9,588
of which Furniture and vehicles: +€5,640
- Reserves +€13,729
up €13,729 (+27.3%), from €50,239 to €63,968
- Trade debts +€11,030
up €11,030 (+123%), from €8,945 to €19,976
- Other debts +€9,147
up €9,147 (+59.0%), from €15,506 to €24,654
- Tax, wage and social debts +€9,000
up €9,000 (+100%), from €9,000 to €18,000
- Taxes +€5,075
new in 2025: €5,075
- Gross operating margin -€879
down €879 (-4.0%), from €21,741 to €20,863
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 | €83,690 | €126,597 | +€42,907 | +51.3% |
| Fixed assets | 21/28 | €5,318 | €9,588 | +€4,270 | +80.3% |
| Tangible fixed assets | 22/27 | €5,318 | €9,588 | +€4,270 | +80.3% |
| Land and buildings | 22 | €2,563 | €1,709 | -€854 | -33.3% |
| Plant, machinery and equipment | 23 | €1,012 | €496 | -€516 | -51.0% |
| Furniture and vehicles | 24 | €1,743 | €7,383 | +€5,640 | +324% |
| Current assets | 29/58 | €78,372 | €117,009 | +€38,637 | +49.3% |
| Amounts receivable within one year | 40/41 | €29,066 | €23,319 | -€5,748 | -19.8% |
| Trade receivables | 40 | €14,043 | €10,826 | -€3,217 | -22.9% |
| Other amounts receivable | 41 | €15,023 | €12,492 | -€2,531 | -16.8% |
| Cash at bank and in hand | 54/58 | €49,306 | €93,691 | +€44,385 | +90.0% |
| Total equity and liabilities | 10/49 | €83,690 | €126,597 | +€42,907 | +51.3% |
| Equity | 10/15 | €50,239 | €63,968 | +€13,729 | +27.3% |
| Reserves | 13 | €50,239 | €63,968 | +€13,729 | +27.3% |
| Distributable reserves | 133 | €50,239 | €63,968 | +€13,729 | +27.3% |
| Amounts payable | 17/49 | €33,452 | €62,629 | +€29,178 | +87.2% |
| Amounts payable within one year | 42/48 | €33,452 | €62,629 | +€29,178 | +87.2% |
| Trade debts | 44 | €8,945 | €19,976 | +€11,030 | +123% |
| Suppliers | 440/4 | €8,945 | €19,976 | +€11,030 | +123% |
| Taxes, remuneration and social security | 45 | €9,000 | €18,000 | +€9,000 | +100% |
| Remuneration and social security | 454/9 | €9,000 | €18,000 | +€9,000 | +100% |
| Other amounts payable | 47/48 | €15,506 | €24,654 | +€9,147 | +59.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,806 | €1,887 | +€81 | +4.5% |
| Gross operating margin | 9900 | €21,741 | €20,863 | -€879 | -4.0% |
| Operating profit (loss) | 9901 | €19,935 | €18,976 | -€960 | -4.8% |
| Financial income | 75/76B | €180 | €0 | -€180 | -100.0% |
| Recurring financial income | 75 | €180 | €0 | -€180 | -100.0% |
| Financial charges | 65/66B | €169 | €172 | +€3 | +1.7% |
| Recurring financial charges | 65 | €169 | €172 | +€3 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €19,946 | €18,804 | -€1,142 | -5.7% |
| Income taxes | 67/77 | - | €5,075 | +€5,075 | |
| Profit (loss) for the period | 9904 | €19,946 | €13,729 | -€6,217 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,946 | €13,729 | -€6,217 | -31.2% |
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 29 October 2026 via checked.be.