KENT: 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.
KENT
Largest movements
- Cash -€39,510
down €39,510 (-71.8%), from €55,023 to €15,514
mainly Advances received (-€42,908) and Tax, wage and social debts (-€18,730)
- Receivables within one year -€23,273
down €23,273 (-15.6%), from €149,196 to €125,923
of which Other amounts receivable: -€12,879
- Intangible fixed assets +€5,031
up €5,031 (+196%), from €2,566 to €7,598
- Tangible fixed assets -€3,098
down €3,098 (-22.9%), from €13,507 to €10,410
- Advances received -€42,908
down €42,908 (-88.7%), from €48,399 to €5,491
- Tax, wage and social debts -€18,730
down €18,730 (-57.8%), from €32,428 to €13,698
- Reserves -€5,657
down €5,657 (-4.2%), from €134,538 to €128,881
- Debts after one year +€5,030
up €5,030 (+196%), from €2,569 to €7,599
- Gross operating margin -€43,242
down €43,242 (-73.8%), from €58,631 to €15,389
- Write-downs -€10,866
no longer reported in 2025 (was €10,866)
- Taxes -€9,547
down €9,547 (-82.1%), from €11,622 to €2,075
- Depreciation +€3,089
up €3,089 (+102%), from €3,024 to €6,113
- Other operating charges -€729
down €729 (-31.1%), from €2,342 to €1,613
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 | €225,486 | €165,116 | -€60,369 | -26.8% |
| Fixed assets | 21/28 | €20,574 | €22,507 | +€1,934 | +9.4% |
| Intangible fixed assets | 21 | €2,566 | €7,598 | +€5,031 | +196% |
| Tangible fixed assets | 22/27 | €13,507 | €10,410 | -€3,098 | -22.9% |
| Other tangible fixed assets | 26 | €13,507 | €10,410 | -€3,098 | -22.9% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €204,912 | €142,609 | -€62,303 | -30.4% |
| Amounts receivable within one year | 40/41 | €149,196 | €125,923 | -€23,273 | -15.6% |
| Trade receivables | 40 | €97,816 | €87,421 | -€10,395 | -10.6% |
| Other amounts receivable | 41 | €51,380 | €38,502 | -€12,879 | -25.1% |
| Cash at bank and in hand | 54/58 | €55,023 | €15,514 | -€39,510 | -71.8% |
| Deferred charges and accrued income | 490/1 | €693 | €1,173 | +€480 | +69.3% |
| Total equity and liabilities | 10/49 | €225,486 | €165,116 | -€60,369 | -26.8% |
| Equity | 10/15 | €140,738 | €135,081 | -€5,657 | -4.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €134,538 | €128,881 | -€5,657 | -4.2% |
| Distributable reserves | 133 | €134,538 | €128,881 | -€5,657 | -4.2% |
| Amounts payable | 17/49 | €84,748 | €30,035 | -€54,713 | -64.6% |
| Amounts payable after more than one year | 17 | €2,569 | €7,599 | +€5,030 | +196% |
| Financial debts | 170/4 | €2,569 | €7,599 | +€5,030 | +196% |
| Amounts payable within one year | 42/48 | €82,180 | €22,436 | -€59,743 | -72.7% |
| Trade debts | 44 | €1,353 | €3,248 | +€1,895 | +140% |
| Suppliers | 440/4 | €1,353 | €3,248 | +€1,895 | +140% |
| Advances received on contracts in progress | 46 | €48,399 | €5,491 | -€42,908 | -88.7% |
| Taxes, remuneration and social security | 45 | €32,428 | €13,698 | -€18,730 | -57.8% |
| Taxes | 450/3 | €32,428 | €13,698 | -€18,730 | -57.8% |
| Non-recurring operating income | 76A | €1,340 | €3,016 | +€1,676 | +125% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,024 | €6,113 | +€3,089 | +102% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,866 | - | -€10,866 | |
| Other operating charges | 640/8 | €2,342 | €1,613 | -€729 | -31.1% |
| Non-recurring operating charges | 66A | - | €11,350 | +€11,350 | |
| Gross operating margin | 9900 | €58,631 | €15,389 | -€43,242 | -73.8% |
| Operating profit (loss) | 9901 | €42,399 | -€3,686 | -€46,085 | |
| Financial income | 75/76B | €611 | €464 | -€148 | -24.2% |
| Recurring financial income | 75 | €611 | €464 | -€148 | -24.2% |
| Financial charges | 65/66B | €359 | €359 | -€1 | -0.2% |
| Recurring financial charges | 65 | €359 | €359 | -€1 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €42,651 | -€3,581 | -€46,232 | |
| Income taxes | 67/77 | €11,622 | €2,075 | -€9,547 | -82.1% |
| Profit (loss) for the period | 9904 | €31,029 | -€5,657 | -€36,685 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,029 | -€5,657 | -€36,685 |
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 14 October 2026 via checked.be.