KENTAPV: 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.
KENTAPV
Largest movements
- Receivables within one year +€13,396
up €13,396 (+394%), from €3,400 to €16,796
- Current portion of long-term debt +€20,080
up €20,080 (+124%), from €16,129 to €36,210
- Debts after one year -€12,724
down €12,724 (-1.9%), from €678,158 to €665,435
of which Other amounts payable: -€49,000
- Gross operating margin +€14,475
up €14,475 (+21.8%), from €66,255 to €80,730
- Depreciation +€8,880
up €8,880 (+14.7%), from €60,542 to €69,422
- Financial charges +€2,566
up €2,566 (+175%), from €1,470 to €4,035
- Other operating charges +€884
up €884 (+38.9%), from €2,273 to €3,157
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 | €774,814 | €789,972 | +€15,158 | +2.0% |
| Fixed assets | 21/28 | €764,924 | €767,123 | +€2,200 | +0.3% |
| Tangible fixed assets | 22/27 | €764,924 | €767,123 | +€2,200 | +0.3% |
| Land and buildings | 22 | €171,856 | €171,856 | = | 0.0% |
| Plant, machinery and equipment | 23 | €593,068 | €595,268 | +€2,200 | +0.4% |
| Current assets | 29/58 | €9,890 | €22,848 | +€12,958 | +131% |
| Amounts receivable within one year | 40/41 | €3,400 | €16,796 | +€13,396 | +394% |
| Trade receivables | 40 | €3,400 | €16,796 | +€13,396 | +394% |
| Cash at bank and in hand | 54/58 | €6,490 | €6,053 | -€437 | -6.7% |
| Total equity and liabilities | 10/49 | €774,814 | €789,972 | +€15,158 | +2.0% |
| Equity | 10/15 | €76,586 | €80,260 | +€3,674 | +4.8% |
| Contributions | 10/11 | €55,776 | €55,776 | = | 0.0% |
| Reserves | 13 | €26,313 | €26,313 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €25,693 | €25,693 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,503 | -€1,829 | +€3,674 | +66.8% |
| Amounts payable | 17/49 | €698,227 | €709,711 | +€11,484 | +1.6% |
| Amounts payable after more than one year | 17 | €678,158 | €665,435 | -€12,724 | -1.9% |
| Financial debts | 170/4 | €49,158 | €85,435 | +€36,276 | +73.8% |
| Other amounts payable | 178/9 | €629,000 | €580,000 | -€49,000 | -7.8% |
| Amounts payable within one year | 42/48 | €20,069 | €44,277 | +€24,208 | +121% |
| Current portion of amounts payable after more than one year | 42 | €16,129 | €36,210 | +€20,080 | +124% |
| Trade debts | 44 | €2,526 | €528 | -€1,999 | -79.1% |
| Suppliers | 440/4 | €2,526 | €528 | -€1,999 | -79.1% |
| Taxes, remuneration and social security | 45 | €695 | €229 | -€466 | -67.1% |
| Taxes | 450/3 | €695 | €229 | -€466 | -67.1% |
| Other amounts payable | 47/48 | €718 | €7,310 | +€6,592 | +918% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,542 | €69,422 | +€8,880 | +14.7% |
| Other operating charges | 640/8 | €2,273 | €3,157 | +€884 | +38.9% |
| Gross operating margin | 9900 | €66,255 | €80,730 | +€14,475 | +21.8% |
| Operating profit (loss) | 9901 | €3,440 | €8,151 | +€4,711 | +137% |
| Financial charges | 65/66B | €1,470 | €4,035 | +€2,566 | +175% |
| Recurring financial charges | 65 | €1,470 | €4,035 | +€2,566 | +175% |
| Profit (loss) for the period before taxes | 9903 | €1,970 | €4,115 | +€2,145 | +109% |
| Income taxes | 67/77 | €351 | €441 | +€90 | +25.8% |
| Profit (loss) for the period | 9904 | €1,619 | €3,674 | +€2,055 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €1,619 | €3,674 | +€2,055 | +127% |
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 13 October 2026 via checked.be.