KENTAGONE: 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.
KENTAGONE
Largest movements
- Cash -€72,844
down €72,844 (-37.3%), from €195,063 to €122,219
mainly Other debts (-€77,643) and Receivables within one year (-€35,284)
- Receivables within one year +€35,284
up €35,284 (+47.6%), from €74,139 to €109,423
of which Trade receivables: +€37,675
- Other debts -€77,643
down €77,643 (-57.7%), from €134,551 to €56,909
- Reserves +€36,689
up €36,689 (+64.0%), from €57,292 to €93,981
- Profit (loss) carried forward -€17,148
down €17,148 (-28.4%), from €60,279 to €43,131
- Trade debts +€14,046
up €14,046 (+85.9%), from €16,347 to €30,393
- Tax, wage and social debts +€4,823
up €4,823 (+83.1%), from €5,805 to €10,628
- Write-downs -€57,246
down €57,246, from €25,903 to -€31,343
- Other operating charges +€31,384
up €31,384 (+8163.6%), from €384 to €31,768
- Gross operating margin +€22,109
up €22,109 (+70.9%), from €31,196 to €53,306
- Taxes +€14,156
up €14,156 (+961.6%), from €1,472 to €15,628
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 | €293,259 | €254,026 | -€39,233 | -13.4% |
| Fixed assets | 21/28 | €1,696 | €1,207 | -€489 | -28.8% |
| Tangible fixed assets | 22/27 | €1,696 | €1,207 | -€489 | -28.8% |
| Other tangible fixed assets | 26 | €1,696 | €1,207 | -€489 | -28.8% |
| Current assets | 29/58 | €291,563 | €252,819 | -€38,744 | -13.3% |
| Stocks and contracts in progress | 3 | €20,779 | €19,355 | -€1,424 | -6.9% |
| Stocks | 30/36 | €20,779 | €19,355 | -€1,424 | -6.9% |
| Amounts receivable within one year | 40/41 | €74,139 | €109,423 | +€35,284 | +47.6% |
| Trade receivables | 40 | €59,387 | €97,062 | +€37,675 | +63.4% |
| Other amounts receivable | 41 | €14,752 | €12,361 | -€2,391 | -16.2% |
| Cash at bank and in hand | 54/58 | €195,063 | €122,219 | -€72,844 | -37.3% |
| Deferred charges and accrued income | 490/1 | €1,581 | €1,821 | +€240 | +15.2% |
| Total equity and liabilities | 10/49 | €293,259 | €254,026 | -€39,233 | -13.4% |
| Equity | 10/15 | €136,171 | €155,712 | +€19,541 | +14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €57,292 | €93,981 | +€36,689 | +64.0% |
| Distributable reserves | 133 | €57,292 | €93,981 | +€36,689 | +64.0% |
| Profit (loss) carried forward | 14 | €60,279 | €43,131 | -€17,148 | -28.4% |
| Amounts payable | 17/49 | €157,088 | €98,314 | -€58,774 | -37.4% |
| Amounts payable within one year | 42/48 | €156,704 | €97,930 | -€58,774 | -37.5% |
| Trade debts | 44 | €16,347 | €30,393 | +€14,046 | +85.9% |
| Suppliers | 440/4 | €16,347 | €30,393 | +€14,046 | +85.9% |
| Taxes, remuneration and social security | 45 | €5,805 | €10,628 | +€4,823 | +83.1% |
| Taxes | 450/3 | €5,805 | €10,628 | +€4,823 | +83.1% |
| Other amounts payable | 47/48 | €134,551 | €56,909 | -€77,643 | -57.7% |
| Accrued charges and deferred income | 492/3 | €384 | €384 | = | 0.0% |
| Non-recurring operating income | 76A | - | €1,288 | +€1,288 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €489 | €489 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,903 | -€31,343 | -€57,246 | |
| Other operating charges | 640/8 | €384 | €31,768 | +€31,384 | +8163.6% |
| Gross operating margin | 9900 | €31,196 | €53,306 | +€22,109 | +70.9% |
| Operating profit (loss) | 9901 | €4,420 | €52,391 | +€47,971 | +1085.4% |
| Financial income | 75/76B | €8 | €1 | -€7 | -89.8% |
| Recurring financial income | 75 | €8 | €1 | -€7 | -89.8% |
| Financial charges | 65/66B | €25 | €75 | +€50 | +198.2% |
| Recurring financial charges | 65 | €25 | €75 | +€50 | +198.2% |
| Profit (loss) for the period before taxes | 9903 | €4,402 | €52,317 | +€47,915 | +1088.4% |
| Income taxes | 67/77 | €1,472 | €15,628 | +€14,156 | +961.6% |
| Profit (loss) for the period | 9904 | €2,930 | €36,689 | +€33,759 | +1152.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,930 | €36,689 | +€33,759 | +1152.1% |
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.