Kenny Decorte: 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 Decorte
Largest movements
- Cash +€22,509
up €22,509 (+106%), from €21,290 to €43,799
mainly Other debts (+€110,300) and Depreciation (+€27,284)
- Tangible fixed assets -€18,339
down €18,339 (-3.3%), from €555,639 to €537,300
of which Furniture and vehicles: -€9,779
- Other debts +€110,300
up €110,300 (+137,875%), from €80 to €110,380
- Profit (loss) carried forward -€83,290
down €83,290 (-70.2%), from €118,676 to €35,387
- Debts after one year -€24,486
down €24,486 (-5.9%), from €414,903 to €390,417
- Other operating charges -€59,643
down €59,643 (-97.0%), from €61,467 to €1,824
- Depreciation +€7,150
up €7,150 (+35.5%), from €20,133 to €27,284
- Taxes +€7,089
up €7,089 (+4,216%), from €168 to €7,257
- Gross operating margin -€5,752
down €5,752 (-6.9%), from €83,973 to €78,220
- Financial charges +€5,383
up €5,383 (+55.1%), from €9,762 to €15,145
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 | €583,642 | €587,938 | +€4,296 | +0.7% |
| Fixed assets | 21/28 | €555,639 | €537,300 | -€18,339 | -3.3% |
| Tangible fixed assets | 22/27 | €555,639 | €537,300 | -€18,339 | -3.3% |
| Land and buildings | 22 | €504,430 | €497,534 | -€6,896 | -1.4% |
| Plant, machinery and equipment | 23 | €8,001 | €6,778 | -€1,223 | -15.3% |
| Furniture and vehicles | 24 | €40,303 | €30,525 | -€9,779 | -24.3% |
| Other tangible fixed assets | 26 | €2,905 | €2,463 | -€442 | -15.2% |
| Current assets | 29/58 | €28,003 | €50,638 | +€22,635 | +80.8% |
| Amounts receivable within one year | 40/41 | €5,987 | €6,005 | +€18 | +0.3% |
| Other amounts receivable | 41 | €5,987 | €6,005 | +€18 | +0.3% |
| Cash at bank and in hand | 54/58 | €21,290 | €43,799 | +€22,509 | +106% |
| Deferred charges and accrued income | 490/1 | €725 | €834 | +€109 | +15.1% |
| Total equity and liabilities | 10/49 | €583,642 | €587,938 | +€4,296 | +0.7% |
| Equity | 10/15 | €130,676 | €47,387 | -€83,290 | -63.7% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,676 | €35,387 | -€83,290 | -70.2% |
| Amounts payable | 17/49 | €452,966 | €540,551 | +€87,586 | +19.3% |
| Amounts payable after more than one year | 17 | €414,903 | €390,417 | -€24,486 | -5.9% |
| Financial debts | 170/4 | €414,903 | €390,417 | -€24,486 | -5.9% |
| Amounts payable within one year | 42/48 | €35,879 | €147,203 | +€111,324 | +310% |
| Current portion of amounts payable after more than one year | 42 | €23,645 | €24,486 | +€840 | +3.6% |
| Trade debts | 44 | €2,957 | €3,544 | +€587 | +19.8% |
| Suppliers | 440/4 | €2,957 | €3,544 | +€587 | +19.8% |
| Taxes, remuneration and social security | 45 | €9,197 | €8,794 | -€403 | -4.4% |
| Taxes | 450/3 | €9,197 | €8,794 | -€403 | -4.4% |
| Other amounts payable | 47/48 | €80 | €110,380 | +€110,300 | +137,875% |
| Accrued charges and deferred income | 492/3 | €2,184 | €2,931 | +€747 | +34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,133 | €27,284 | +€7,150 | +35.5% |
| Other operating charges | 640/8 | €61,467 | €1,824 | -€59,643 | -97.0% |
| Gross operating margin | 9900 | €83,973 | €78,220 | -€5,752 | -6.9% |
| Operating profit (loss) | 9901 | €2,373 | €49,112 | +€46,740 | +1,970% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €9,762 | €15,145 | +€5,383 | +55.1% |
| Recurring financial charges | 65 | €9,762 | €15,145 | +€5,383 | +55.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,380 | €33,968 | +€41,348 | |
| Income taxes | 67/77 | €168 | €7,257 | +€7,089 | +4,216% |
| Profit (loss) for the period | 9904 | -€7,548 | €26,710 | +€34,259 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,548 | €26,710 | +€34,259 |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.