KENT BELUX: 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 BELUX
Largest movements
- Receivables within one year +€754,381
up €754,381 (+25.6%), from €3.0m to €3.7m
of which Other amounts receivable: +€693,117
- Cash -€354,033
down €354,033 (-88.3%), from €401,146 to €47,113
mainly Receivables within one year (-€754,381) and Tax, wage and social debts (-€492,817)
- Receivables after one year -€79,799
no longer reported in 2025 (was €79,799)
- Financial fixed assets +€46,271
up €46,271 (+97.2%), from €47,615 to €93,886
- Profit (loss) carried forward +€552,153
up €552,153 (+67.3%), from €820,140 to €1.4m
- Tax, wage and social debts -€492,817
down €492,817 (-41.5%), from €1.2m to €694,735
of which Remuneration and social security: -€377,544
- Trade debts +€295,201
up €295,201 (+31.9%), from €925,236 to €1.2m
- Staff costs +€199,241
up €199,241 (+8.4%), from €2.4m to €2.6m
- Write-downs -€70,549
down €70,549, from €40,160 to -€30,389
- Gross operating margin +€68,365
up €68,365 (+2.1%), from €3.2m to €3.3m
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,534,566 | €3,889,103 | +€354,537 | +10.0% |
| Fixed assets | 21/28 | €79,272 | €104,818 | +€25,546 | +32.2% |
| Tangible fixed assets | 22/27 | €31,657 | €10,932 | -€20,725 | -65.5% |
| Furniture and vehicles | 24 | €24,723 | €5,835 | -€18,888 | -76.4% |
| Other tangible fixed assets | 26 | €6,934 | €5,097 | -€1,836 | -26.5% |
| Financial fixed assets | 28 | €47,615 | €93,886 | +€46,271 | +97.2% |
| Current assets | 29/58 | €3,455,294 | €3,784,285 | +€328,991 | +9.5% |
| Amounts receivable after more than one year | 29 | €79,799 | - | -€79,799 | |
| Other amounts receivable | 291 | €79,799 | - | -€79,799 | |
| Amounts receivable within one year | 40/41 | €2,950,967 | €3,705,348 | +€754,381 | +25.6% |
| Trade receivables | 40 | €977,322 | €1,038,586 | +€61,265 | +6.3% |
| Other amounts receivable | 41 | €1,973,645 | €2,666,762 | +€693,117 | +35.1% |
| Cash at bank and in hand | 54/58 | €401,146 | €47,113 | -€354,033 | -88.3% |
| Deferred charges and accrued income | 490/1 | €23,382 | €31,824 | +€8,441 | +36.1% |
| Total equity and liabilities | 10/49 | €3,534,566 | €3,889,103 | +€354,537 | +10.0% |
| Equity | 10/15 | €1,421,779 | €1,973,932 | +€552,153 | +38.8% |
| Contributions | 10/11 | €565,000 | €565,000 | = | 0.0% |
| Reserves | 13 | €36,639 | €36,639 | = | 0.0% |
| Non-distributable reserves | 130/1 | €36,639 | €36,639 | = | 0.0% |
| Reserves not available under the articles | 1311 | €36,639 | €36,639 | = | 0.0% |
| Profit (loss) carried forward | 14 | €820,140 | €1,372,293 | +€552,153 | +67.3% |
| Amounts payable | 17/49 | €2,112,787 | €1,915,171 | -€197,616 | -9.4% |
| Amounts payable within one year | 42/48 | €2,112,787 | €1,915,171 | -€197,616 | -9.4% |
| Trade debts | 44 | €925,236 | €1,220,436 | +€295,201 | +31.9% |
| Suppliers | 440/4 | €925,236 | €1,220,436 | +€295,201 | +31.9% |
| Taxes, remuneration and social security | 45 | €1,187,552 | €694,735 | -€492,817 | -41.5% |
| Taxes | 450/3 | €301,444 | €186,171 | -€115,273 | -38.2% |
| Remuneration and social security | 454/9 | €886,107 | €508,564 | -€377,544 | -42.6% |
| Remuneration, social security and pensions | 62 | €2,376,972 | €2,576,214 | +€199,241 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,268 | €20,725 | -€1,544 | -6.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €40,160 | -€30,389 | -€70,549 | |
| Gross operating margin | 9900 | €3,228,690 | €3,297,054 | +€68,365 | +2.1% |
| Operating profit (loss) | 9901 | €789,289 | €730,506 | -€58,784 | -7.4% |
| Financial income | 75/76B | €68,433 | €53,654 | -€14,778 | -21.6% |
| Recurring financial income | 75 | €68,433 | €53,654 | -€14,778 | -21.6% |
| Financial charges | 65/66B | €8,221 | €7,912 | -€309 | -3.8% |
| Recurring financial charges | 65 | €8,221 | €7,912 | -€309 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €849,501 | €776,248 | -€73,253 | -8.6% |
| Income taxes | 67/77 | €219,994 | €224,095 | +€4,102 | +1.9% |
| Profit (loss) for the period | 9904 | €629,507 | €552,153 | -€77,354 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €629,507 | €552,153 | -€77,354 | -12.3% |
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 23 October 2026 via checked.be.