KENNYBO: 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.
KENNYBO
Largest movements
- Tangible fixed assets -€36,412
down €36,412 (-3.8%), from €957,188 to €920,776
of which Land and buildings: -€31,646
- Trade debts -€26,216
down €26,216 (-95.8%), from €27,377 to €1,161
- Other debts -€19,805
down €19,805 (-13.4%), from €148,117 to €128,312
- Gross operating margin +€8,951
up €8,951 (+19.9%), from €44,869 to €53,820
- Taxes +€2,212
up €2,212 (+44.1%), from €5,016 to €7,228
- Financial income -€1,280
down €1,280 (-86.3%), from €1,483 to €203
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 | €1,002,635 | €960,527 | -€42,108 | -4.2% |
| Fixed assets | 21/28 | €957,188 | €920,776 | -€36,412 | -3.8% |
| Tangible fixed assets | 22/27 | €957,188 | €920,776 | -€36,412 | -3.8% |
| Land and buildings | 22 | €934,322 | €902,676 | -€31,646 | -3.4% |
| Plant, machinery and equipment | 23 | €19,149 | €16,614 | -€2,535 | -13.2% |
| Furniture and vehicles | 24 | €3,717 | €1,487 | -€2,230 | -60.0% |
| Current assets | 29/58 | €45,447 | €39,751 | -€5,696 | -12.5% |
| Amounts receivable within one year | 40/41 | €5,023 | €3,968 | -€1,055 | -21.0% |
| Other amounts receivable | 41 | €5,023 | €3,968 | -€1,055 | -21.0% |
| Cash at bank and in hand | 54/58 | €40,424 | €35,783 | -€4,641 | -11.5% |
| Total equity and liabilities | 10/49 | €1,002,635 | €960,527 | -€42,108 | -4.2% |
| Equity | 10/15 | €732,468 | €739,650 | +€7,182 | +1.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €596,022 | €603,118 | +€7,096 | +1.2% |
| Tax-exempt reserves | 132 | €154,922 | €146,918 | -€8,004 | -5.2% |
| Distributable reserves | 133 | €441,100 | €456,200 | +€15,100 | +3.4% |
| Profit (loss) carried forward | 14 | €74,445 | €74,531 | +€86 | +0.1% |
| Provisions and deferred taxes | 16 | €85,737 | €82,467 | -€3,269 | -3.8% |
| Deferred taxes | 168 | €85,737 | €82,467 | -€3,269 | -3.8% |
| Amounts payable | 17/49 | €184,431 | €138,410 | -€46,021 | -25.0% |
| Amounts payable after more than one year | 17 | €8,936 | €8,936 | = | 0.0% |
| Other amounts payable | 178/9 | €8,936 | €8,936 | = | 0.0% |
| Amounts payable within one year | 42/48 | €175,494 | €129,474 | -€46,021 | -26.2% |
| Trade debts | 44 | €27,377 | €1,161 | -€26,216 | -95.8% |
| Suppliers | 440/4 | €27,377 | €1,161 | -€26,216 | -95.8% |
| Other amounts payable | 47/48 | €148,117 | €128,312 | -€19,805 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,934 | €36,412 | +€478 | +1.3% |
| Other operating charges | 640/8 | €6,229 | €6,425 | +€196 | +3.1% |
| Gross operating margin | 9900 | €44,869 | €53,820 | +€8,951 | +19.9% |
| Operating profit (loss) | 9901 | €2,706 | €10,983 | +€8,277 | +306% |
| Financial income | 75/76B | €1,483 | €203 | -€1,280 | -86.3% |
| Recurring financial income | 75 | €1,483 | €203 | -€1,280 | -86.3% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €4,143 | €11,140 | +€6,997 | +169% |
| Transfer from deferred taxes | 780 | €3,269 | €3,269 | = | 0.0% |
| Income taxes | 67/77 | €5,016 | €7,228 | +€2,212 | +44.1% |
| Profit (loss) for the period | 9904 | €2,397 | €7,182 | +€4,785 | +200% |
| Transfer from tax-exempt reserves | 789 | €8,004 | €8,004 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,401 | €15,186 | +€4,785 | +46.0% |
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 25 October 2026 via checked.be.