Kenny C: 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.
Kenny C
Largest movements
- Tangible fixed assets +€11,634
up €11,634 (+107.3%), from €10,839 to €22,472
of which Furniture and vehicles: +€14,087
- Cash +€4,083
up €4,083 (+21.0%), from €19,454 to €23,537
mainly Net result for the year (+€7,265) and Other debts (+€4,937)
- Reserves +€7,265
up €7,265 (+128.0%), from €5,674 to €12,938
of which Non-distributable reserves: +€7,265
- Other debts +€4,937
up €4,937 (+28.4%), from €17,409 to €22,346
- Provisions +€4,700
new in 2025: €4,700
- Trade debts +€1,430
up €1,430 (+89.9%), from €1,589 to €3,019
- Current portion of long-term debt -€1,307
no longer reported in 2025 (was €1,307)
- Gross operating margin +€4,801
up €4,801 (+38.2%), from €12,563 to €17,364
- Taxes +€1,925
up €1,925 (+65.7%), from €2,930 to €4,854
- Depreciation -€1,458
down €1,458 (-30.0%), from €4,862 to €3,404
- Other operating charges +€422
up €422 (+32.7%), from €1,293 to €1,715
- Financial charges -€185
down €185 (-59.6%), from €311 to €126
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.
Cash bridge derived
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 | €33,710 | €49,737 | +€16,027 | +47.5% |
| Fixed assets | 21/28 | €10,839 | €22,472 | +€11,634 | +107.3% |
| Tangible fixed assets | 22/27 | €10,839 | €22,472 | +€11,634 | +107.3% |
| Plant, machinery and equipment | 23 | €6,876 | €4,422 | -€2,454 | -35.7% |
| Furniture and vehicles | 24 | €3,963 | €18,050 | +€14,087 | +355.5% |
| Current assets | 29/58 | €22,872 | €27,265 | +€4,393 | +19.2% |
| Amounts receivable within one year | 40/41 | €3,418 | €3,727 | +€310 | +9.1% |
| Trade receivables | 40 | €3,418 | €3,727 | +€310 | +9.1% |
| Cash at bank and in hand | 54/58 | €19,454 | €23,537 | +€4,083 | +21.0% |
| Total equity and liabilities | 10/49 | €33,710 | €49,737 | +€16,027 | +47.5% |
| Equity | 10/15 | €10,674 | €17,938 | +€7,265 | +68.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €5,674 | €12,938 | +€7,265 | +128.0% |
| Non-distributable reserves | 130/1 | - | €7,265 | +€7,265 | |
| Other | 1319 | - | €7,265 | +€7,265 | |
| Distributable reserves | 133 | €5,674 | €5,674 | = | 0.0% |
| Provisions and deferred taxes | 16 | - | €4,700 | +€4,700 | |
| Provisions for liabilities and charges | 160/5 | - | €4,700 | +€4,700 | |
| Taxes | 161 | - | €4,700 | +€4,700 | |
| Amounts payable | 17/49 | €23,037 | €27,099 | +€4,062 | +17.6% |
| Amounts payable within one year | 42/48 | €22,156 | €27,099 | +€4,943 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €1,307 | - | -€1,307 | |
| Trade debts | 44 | €1,589 | €3,019 | +€1,430 | +89.9% |
| Suppliers | 440/4 | €1,589 | €3,019 | +€1,430 | +89.9% |
| Taxes, remuneration and social security | 45 | €1,850 | €1,733 | -€117 | -6.3% |
| Taxes | 450/3 | €1,850 | €1,733 | -€117 | -6.3% |
| Other amounts payable | 47/48 | €17,409 | €22,346 | +€4,937 | +28.4% |
| Accrued charges and deferred income | 492/3 | €881 | - | -€881 | |
| Non-recurring operating income | 76A | - | €5,218 | +€5,218 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,862 | €3,404 | -€1,458 | -30.0% |
| Other operating charges | 640/8 | €1,293 | €1,715 | +€422 | +32.7% |
| Gross operating margin | 9900 | €12,563 | €17,364 | +€4,801 | +38.2% |
| Operating profit (loss) | 9901 | €6,408 | €12,245 | +€5,837 | +91.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €311 | €126 | -€185 | -59.6% |
| Recurring financial charges | 65 | €311 | €126 | -€185 | -59.6% |
| Profit (loss) for the period before taxes | 9903 | €6,098 | €12,119 | +€6,022 | +98.8% |
| Income taxes | 67/77 | €2,930 | €4,854 | +€1,925 | +65.7% |
| Profit (loss) for the period | 9904 | €3,168 | €7,265 | +€4,097 | +129.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,168 | €7,265 | +€4,097 | +129.3% |
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 9 October 2026 via checked.be.