KENTO PLUS: what changed
Two fiscal 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.
KENTO PLUS
Largest movements
- Tangible fixed assets +€16,220
up €16,220 (+4.4%), from €371,666 to €387,886
of which Land and buildings: +€18,409
- Cash -€4,917
down €4,917 (-17.3%), from €28,407 to €23,490
mainly Investment in fixed assets (net) (-€32,762) and Debts after one year (-€18,626)
- Reserves +€22,691
up €22,691 (+23.2%), from €97,962 to €120,653
of which Distributable reserves: +€22,691
- Debts after one year -€18,626
down €18,626 (-6.9%), from €269,377 to €250,751
- Trade debts -€5,823
down €5,823 (-83.2%), from €7,002 to €1,179
- Tax, wage and social debts +€5,656
up €5,656 (+123.4%), from €4,585 to €10,241
- Other debts +€4,634
up €4,634 (+241.7%), from €1,917 to €6,551
- Gross operating margin +€8,699
up €8,699 (+19.0%), from €45,810 to €54,509
- Other operating charges +€4,176
new in 2025: €4,176
- Depreciation +€1,831
up €1,831 (+12.4%), from €14,711 to €16,542
- Taxes -€1,635
down €1,635 (-20.8%), from €7,845 to €6,210
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 | €405,933 | €414,198 | +€8,265 | +2.0% |
| Fixed assets | 21/28 | €371,666 | €387,886 | +€16,220 | +4.4% |
| Tangible fixed assets | 22/27 | €371,666 | €387,886 | +€16,220 | +4.4% |
| Land and buildings | 22 | €366,874 | €385,283 | +€18,409 | +5.0% |
| Plant, machinery and equipment | 23 | €4,792 | €2,603 | -€2,189 | -45.7% |
| Current assets | 29/58 | €34,267 | €26,312 | -€7,955 | -23.2% |
| Amounts receivable within one year | 40/41 | €3,764 | €2,113 | -€1,651 | -43.9% |
| Trade receivables | 40 | €3,690 | €1,824 | -€1,866 | -50.6% |
| Other amounts receivable | 41 | €74 | €289 | +€215 | +290.5% |
| Cash at bank and in hand | 54/58 | €28,407 | €23,490 | -€4,917 | -17.3% |
| Deferred charges and accrued income | 490/1 | €2,096 | €709 | -€1,387 | -66.2% |
| Total equity and liabilities | 10/49 | €405,933 | €414,198 | +€8,265 | +2.0% |
| Equity | 10/15 | €104,159 | €126,850 | +€22,691 | +21.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €97,962 | €120,653 | +€22,691 | +23.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €96,103 | €118,794 | +€22,691 | +23.6% |
| Amounts payable | 17/49 | €301,774 | €287,348 | -€14,426 | -4.8% |
| Amounts payable after more than one year | 17 | €269,377 | €250,751 | -€18,626 | -6.9% |
| Financial debts | 170/4 | €269,377 | €250,751 | -€18,626 | -6.9% |
| Amounts payable within one year | 42/48 | €31,744 | €36,597 | +€4,853 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €18,240 | €18,626 | +€386 | +2.1% |
| Trade debts | 44 | €7,002 | €1,179 | -€5,823 | -83.2% |
| Suppliers | 440/4 | €7,002 | €1,179 | -€5,823 | -83.2% |
| Taxes, remuneration and social security | 45 | €4,585 | €10,241 | +€5,656 | +123.4% |
| Taxes | 450/3 | €4,585 | €10,241 | +€5,656 | +123.4% |
| Other amounts payable | 47/48 | €1,917 | €6,551 | +€4,634 | +241.7% |
| Accrued charges and deferred income | 492/3 | €653 | - | -€653 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,711 | €16,542 | +€1,831 | +12.4% |
| Other operating charges | 640/8 | - | €4,176 | +€4,176 | |
| Gross operating margin | 9900 | €45,810 | €54,509 | +€8,699 | +19.0% |
| Operating profit (loss) | 9901 | €31,099 | €33,791 | +€2,692 | +8.7% |
| Financial charges | 65/66B | €5,299 | €4,890 | -€409 | -7.7% |
| Recurring financial charges | 65 | €5,299 | €4,890 | -€409 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €25,800 | €28,901 | +€3,101 | +12.0% |
| Income taxes | 67/77 | €7,845 | €6,210 | -€1,635 | -20.8% |
| Profit (loss) for the period | 9904 | €17,955 | €22,691 | +€4,736 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,955 | €22,691 | +€4,736 | +26.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.