KENTISOL: 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.
KENTISOL
Largest movements
- Cash +€105,006
up €105,006 (+55.8%), from €188,175 to €293,181
mainly Trade debts (+€269,796) and Depreciation (+€163,049)
- Deferred charges and accrued income +€70,350
up €70,350 (+14,128%), from €498 to €70,848
- Receivables within one year -€69,433
down €69,433 (-7.0%), from €986,723 to €917,290
of which Trade receivables: -€39,133
- Tangible fixed assets -€37,439
down €37,439 (-3.7%), from €1.0m to €969,063
of which Plant, machinery and equipment: -€20,990
- Trade debts +€269,796
up €269,796 (+48.0%), from €561,589 to €831,385
- Profit (loss) carried forward -€188,003
down €188,003 (-25.2%), from €745,235 to €557,233
- Other debts +€129,536
up €129,536 (+109%), from €119,365 to €248,901
- Tax, wage and social debts -€86,521
down €86,521 (-51.3%), from €168,675 to €82,154
of which Remuneration and social security: -€68,428
- Debts after one year -€67,386
down €67,386 (-42.8%), from €157,623 to €90,237
- Turnover -€1.6m
down €1.6m (-18.2%), from €8.8m to €7.2m
- Goods and materials -€1.1m
down €1.1m (-22.2%), from €5.0m to €3.9m
of which Purchases: -€1.1m
- Staff costs -€407,505
down €407,505 (-18.2%), from €2.2m to €1.8m
- Services and other goods -€239,614
down €239,614 (-11.4%), from €2.1m to €1.9m
- Other operating income -€211,885
down €211,885 (-27.5%), from €771,562 to €559,677
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 | €2,247,947 | €2,302,228 | +€54,281 | +2.4% |
| Fixed assets | 21/28 | €1,030,176 | €987,910 | -€42,266 | -4.1% |
| Intangible fixed assets | 21 | €16,020 | €11,193 | -€4,827 | -30.1% |
| Tangible fixed assets | 22/27 | €1,006,502 | €969,063 | -€37,439 | -3.7% |
| Land and buildings | 22 | €554,915 | €539,426 | -€15,488 | -2.8% |
| Plant, machinery and equipment | 23 | €94,669 | €73,679 | -€20,990 | -22.2% |
| Furniture and vehicles | 24 | €356,918 | €355,958 | -€960 | -0.3% |
| Financial fixed assets | 28 | €7,654 | €7,654 | = | 0.0% |
| Other financial fixed assets | 284/8 | €7,654 | €7,654 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €7,654 | €7,654 | = | 0.0% |
| Current assets | 29/58 | €1,217,771 | €1,314,318 | +€96,547 | +7.9% |
| Stocks and contracts in progress | 3 | €42,374 | €32,999 | -€9,376 | -22.1% |
| Stocks | 30/36 | €42,374 | €32,999 | -€9,376 | -22.1% |
| Goods purchased for resale | 34 | €42,374 | €32,999 | -€9,376 | -22.1% |
| Amounts receivable within one year | 40/41 | €986,723 | €917,290 | -€69,433 | -7.0% |
| Trade receivables | 40 | €925,938 | €886,806 | -€39,133 | -4.2% |
| Other amounts receivable | 41 | €60,785 | €30,484 | -€30,301 | -49.8% |
| Cash at bank and in hand | 54/58 | €188,175 | €293,181 | +€105,006 | +55.8% |
| Deferred charges and accrued income | 490/1 | €498 | €70,848 | +€70,350 | +14,128% |
| Total equity and liabilities | 10/49 | €2,247,947 | €2,302,228 | +€54,281 | +2.4% |
| Equity | 10/15 | €882,735 | €694,733 | -€188,003 | -21.3% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €745,235 | €557,233 | -€188,003 | -25.2% |
| Amounts payable | 17/49 | €1,365,211 | €1,607,495 | +€242,284 | +17.7% |
| Amounts payable after more than one year | 17 | €157,623 | €90,237 | -€67,386 | -42.8% |
| Financial debts | 170/4 | €157,623 | €90,237 | -€67,386 | -42.8% |
| Credit institutions | 173 | €157,623 | €90,237 | -€67,386 | -42.8% |
| Amounts payable within one year | 42/48 | €1,202,318 | €1,510,758 | +€308,440 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €103,572 | €67,386 | -€36,186 | -34.9% |
| Financial debts | 43 | €249,118 | €280,932 | +€31,815 | +12.8% |
| Credit institutions | 430/8 | €249,118 | €280,932 | +€31,815 | +12.8% |
| Trade debts | 44 | €561,589 | €831,385 | +€269,796 | +48.0% |
| Suppliers | 440/4 | €561,589 | €831,385 | +€269,796 | +48.0% |
| Taxes, remuneration and social security | 45 | €168,675 | €82,154 | -€86,521 | -51.3% |
| Taxes | 450/3 | €69,454 | €51,361 | -€18,093 | -26.0% |
| Remuneration and social security | 454/9 | €99,221 | €30,793 | -€68,428 | -69.0% |
| Other amounts payable | 47/48 | €119,365 | €248,901 | +€129,536 | +109% |
| Accrued charges and deferred income | 492/3 | €5,270 | €6,500 | +€1,230 | +23.3% |
| Operating income | 70/76A | €9,607,284 | €7,784,934 | -€1.8m | -19.0% |
| Turnover | 70 | €8,835,722 | €7,225,257 | -€1.6m | -18.2% |
| Other operating income | 74 | €771,562 | €559,677 | -€211,885 | -27.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €9,515,288 | €7,942,993 | -€1.6m | -16.5% |
| Goods for resale, raw materials and consumables | 60 | €5,003,435 | €3,894,179 | -€1.1m | -22.2% |
| Purchases | 600/8 | €5,003,435 | €3,884,803 | -€1.1m | -22.4% |
| Change in stocks: decrease (increase) | 609 | €0 | €9,376 | +€9,376 | |
| Services and other goods | 61 | €2,100,301 | €1,860,687 | -€239,614 | -11.4% |
| Remuneration, social security and pensions | 62 | €2,244,684 | €1,837,179 | -€407,505 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,389 | €163,049 | +€15,660 | +10.6% |
| Other operating charges | 640/8 | €19,480 | €38,684 | +€19,204 | +98.6% |
| Non-recurring operating charges | 66A | - | €149,216 | +€149,216 | |
| Operating profit (loss) | 9901 | €91,996 | -€158,059 | -€250,055 | |
| Financial income | 75/76B | €998 | €134 | -€865 | -86.6% |
| Recurring financial income | 75 | €998 | €134 | -€865 | -86.6% |
| Income from current assets | 751 | €815 | €134 | -€682 | -83.6% |
| Other financial income | 752/9 | €183 | €0 | -€183 | -100.0% |
| Financial charges | 65/66B | €32,199 | €24,454 | -€7,745 | -24.1% |
| Recurring financial charges | 65 | €32,199 | €24,454 | -€7,745 | -24.1% |
| Debt charges | 650 | €27,534 | €20,108 | -€7,426 | -27.0% |
| Other financial charges | 652/9 | €4,665 | €4,346 | -€319 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €60,796 | -€182,379 | -€243,175 | |
| Income taxes | 67/77 | €26,883 | €5,623 | -€21,260 | -79.1% |
| Taxes | 670/3 | €26,883 | €5,623 | -€21,260 | -79.1% |
| Profit (loss) for the period | 9904 | €33,912 | -€188,003 | -€221,915 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,912 | -€188,003 | -€221,915 |
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 15 October 2026 via checked.be.