KENTYS: 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.
KENTYS
Largest movements
- Tangible fixed assets -€475,507
down €475,507 (-90.1%), from €528,039 to €52,532
of which Land and buildings: -€472,727
- Receivables within one year +€456,515
up €456,515 (+3492.0%), from €13,073 to €469,588
of which Other amounts receivable: +€452,724
- Cash +€270,219
up €270,219 (+2453.4%), from €11,014 to €281,233
mainly Net result for the year (+€581,792) and Investment in fixed assets (net) (+€472,727)
- Deferred charges and accrued income +€11,014
new in 2026: €11,014
- Reserves +€372,591
up €372,591 (+202.1%), from €184,324 to €556,915
of which Tax-exempt reserves: +€372,591
- Debts after one year -€358,102
no longer reported in 2026 (was €358,102)
- Profit (loss) carried forward +€209,202
up €209,202, from -€173,019 to €36,183
- Provisions +€92,778
up €92,778 (+104.2%), from €89,040 to €181,818
- Other debts -€49,333
down €49,333 (-99.8%), from €49,455 to €122
- Gross operating margin +€735,998
up €735,998, from -€25,186 to €710,812
- Depreciation -€24,301
down €24,301 (-89.7%), from €27,081 to €2,780
- Taxes +€19,855
new in 2026: €19,855
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €553,518 | €814,367 | +€260,849 | +47.1% |
| Fixed assets | 21/28 | €528,039 | €52,532 | -€475,507 | -90.1% |
| Tangible fixed assets | 22/27 | €528,039 | €52,532 | -€475,507 | -90.1% |
| Land and buildings | 22 | €525,259 | €52,532 | -€472,727 | -90.0% |
| Furniture and vehicles | 24 | €2,780 | - | -€2,780 | |
| Current assets | 29/58 | €25,479 | €761,835 | +€736,356 | +2890.1% |
| Amounts receivable within one year | 40/41 | €13,073 | €469,588 | +€456,515 | +3492.0% |
| Trade receivables | 40 | €12,098 | €15,889 | +€3,791 | +31.3% |
| Other amounts receivable | 41 | €975 | €453,699 | +€452,724 | +46433.2% |
| Current investments | 50/53 | €1,392 | - | -€1,392 | |
| Cash at bank and in hand | 54/58 | €11,014 | €281,233 | +€270,219 | +2453.4% |
| Deferred charges and accrued income | 490/1 | - | €11,014 | +€11,014 | |
| Total equity and liabilities | 10/49 | €553,518 | €814,367 | +€260,849 | +47.1% |
| Equity | 10/15 | €29,897 | €611,690 | +€581,793 | +1946.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €184,324 | €556,915 | +€372,591 | +202.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €182,464 | €555,055 | +€372,591 | +204.2% |
| Profit (loss) carried forward | 14 | -€173,019 | €36,183 | +€209,202 | |
| Provisions and deferred taxes | 16 | €89,040 | €181,818 | +€92,778 | +104.2% |
| Deferred taxes | 168 | €89,040 | €181,818 | +€92,778 | +104.2% |
| Amounts payable | 17/49 | €434,581 | €20,859 | -€413,722 | -95.2% |
| Amounts payable after more than one year | 17 | €358,102 | - | -€358,102 | |
| Financial debts | 170/4 | €358,102 | - | -€358,102 | |
| Amounts payable within one year | 42/48 | €76,479 | €20,859 | -€55,620 | -72.7% |
| Current portion of amounts payable after more than one year | 42 | €24,280 | - | -€24,280 | |
| Trade debts | 44 | €1,484 | €622 | -€862 | -58.1% |
| Suppliers | 440/4 | €1,484 | €622 | -€862 | -58.1% |
| Advances received on contracts in progress | 46 | €1,000 | - | -€1,000 | |
| Taxes, remuneration and social security | 45 | €260 | €20,115 | +€19,855 | +7636.5% |
| Taxes | 450/3 | €260 | €20,115 | +€19,855 | +7636.5% |
| Other amounts payable | 47/48 | €49,455 | €122 | -€49,333 | -99.8% |
| Non-recurring operating income | 76A | - | €727,273 | +€727,273 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,081 | €2,780 | -€24,301 | -89.7% |
| Other operating charges | 640/8 | €2,209 | €2,083 | -€126 | -5.7% |
| Gross operating margin | 9900 | -€25,186 | €710,812 | +€735,998 | |
| Operating profit (loss) | 9901 | -€54,476 | €705,949 | +€760,425 | |
| Financial charges | 65/66B | €10,940 | €11,524 | +€584 | +5.3% |
| Recurring financial charges | 65 | €10,940 | €11,524 | +€584 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€65,416 | €694,425 | +€759,841 | |
| Transfer from deferred taxes | 780 | €3,519 | €89,040 | +€85,521 | +2430.3% |
| Transfer to deferred taxes | 680 | - | €181,818 | +€181,818 | |
| Income taxes | 67/77 | - | €19,855 | +€19,855 | |
| Profit (loss) for the period | 9904 | -€61,897 | €581,792 | +€643,689 | |
| Transfer from tax-exempt reserves | 789 | €6,824 | €172,865 | +€166,041 | +2433.2% |
| Transfer to tax-exempt reserves | 689 | - | €545,455 | +€545,455 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,073 | €209,202 | +€264,275 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.