KenThoCon: 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.
KenThoCon
Largest movements
- Receivables within one year -€10,117
down €10,117 (-68.9%), from €14,690 to €4,573
of which Trade receivables: -€8,773
- Cash -€3,381
down €3,381 (-21.1%), from €15,991 to €12,609
mainly Contributions, distributions and other (-€37,363) and Net result for the year (-€21,664)
- Tangible fixed assets -€1,602
down €1,602 (-56.8%), from €2,819 to €1,217
- Reserves -€37,363
no longer reported in 2025 (was €37,363)
- Other debts +€35,117
up €35,117 (+45.2%), from €77,653 to €112,770
- Profit (loss) carried forward -€21,664
new in 2025: -€21,664
- Tax, wage and social debts +€6,572
up €6,572 (+146.0%), from €4,500 to €11,072
- Trade debts +€2,238
up €2,238 (+194.7%), from €1,150 to €3,388
- Gross operating margin -€61,207
down €61,207, from €42,523 to -€18,684
- Depreciation -€9,712
down €9,712 (-85.8%), from €11,314 to €1,602
- Taxes -€7,786
down €7,786 (-98.2%), from €7,927 to €141
- Financial charges +€568
up €568 (+380.3%), from €149 to €718
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 | €125,666 | €110,565 | -€15,101 | -12.0% |
| Fixed assets | 21/28 | €2,819 | €1,217 | -€1,602 | -56.8% |
| Tangible fixed assets | 22/27 | €2,819 | €1,217 | -€1,602 | -56.8% |
| Furniture and vehicles | 24 | €2,819 | €1,217 | -€1,602 | -56.8% |
| Current assets | 29/58 | €122,846 | €109,348 | -€13,498 | -11.0% |
| Amounts receivable within one year | 40/41 | €14,690 | €4,573 | -€10,117 | -68.9% |
| Trade receivables | 40 | €8,773 | - | -€8,773 | |
| Other amounts receivable | 41 | €5,918 | €4,573 | -€1,345 | -22.7% |
| Current investments | 50/53 | €92,166 | €92,166 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,991 | €12,609 | -€3,381 | -21.1% |
| Total equity and liabilities | 10/49 | €125,666 | €110,565 | -€15,101 | -12.0% |
| Equity | 10/15 | €42,363 | -€16,664 | -€59,027 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €37,363 | - | -€37,363 | |
| Distributable reserves | 133 | €37,363 | - | -€37,363 | |
| Profit (loss) carried forward | 14 | - | -€21,664 | -€21,664 | |
| Amounts payable | 17/49 | €83,303 | €127,230 | +€43,927 | +52.7% |
| Amounts payable within one year | 42/48 | €83,303 | €127,230 | +€43,927 | +52.7% |
| Trade debts | 44 | €1,150 | €3,388 | +€2,238 | +194.7% |
| Suppliers | 440/4 | €1,150 | €3,388 | +€2,238 | +194.7% |
| Taxes, remuneration and social security | 45 | €4,500 | €11,072 | +€6,572 | +146.0% |
| Taxes | 450/3 | €4,500 | €11,072 | +€6,572 | +146.0% |
| Other amounts payable | 47/48 | €77,653 | €112,770 | +€35,117 | +45.2% |
| Non-recurring operating income | 76A | €1,816 | €1,866 | +€50 | +2.8% |
| Remuneration, social security and pensions | 62 | €56 | - | -€56 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,314 | €1,602 | -€9,712 | -85.8% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €42,523 | -€18,684 | -€61,207 | |
| Operating profit (loss) | 9901 | €30,648 | -€20,806 | -€51,453 | |
| Financial charges | 65/66B | €149 | €718 | +€568 | +380.3% |
| Recurring financial charges | 65 | €149 | €718 | +€568 | +380.3% |
| Profit (loss) for the period before taxes | 9903 | €30,498 | -€21,523 | -€52,022 | |
| Income taxes | 67/77 | €7,927 | €141 | -€7,786 | -98.2% |
| Profit (loss) for the period | 9904 | €22,571 | -€21,664 | -€44,236 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,571 | -€21,664 | -€44,236 |
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 11 October 2026 via checked.be.