Holding KELI: 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.
Holding KELI
Largest movements
- Tangible fixed assets -€15,446
down €15,446 (-1.5%), from €1.0m to €1.0m
of which Land and buildings: -€16,147
- Debts after one year -€62,356
down €62,356 (-4.9%), from €1.3m to €1.2m
- Other debts +€60,175
up €60,175 (+85.8%), from €70,101 to €130,276
- Gross operating margin -€64,961
down €64,961 (-46.9%), from €138,550 to €73,589
- Taxes -€11,254
down €11,254 (-91.8%), from €12,256 to €1,003
- Other operating charges +€3,203
up €3,203 (+634%), from €505 to €3,708
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 | €1,478,375 | €1,471,862 | -€6,513 | -0.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,436,661 | €1,421,215 | -€15,446 | -1.1% |
| Tangible fixed assets | 22/27 | €1,036,661 | €1,021,215 | -€15,446 | -1.5% |
| Land and buildings | 22 | €1,036,661 | €1,020,513 | -€16,147 | -1.6% |
| Furniture and vehicles | 24 | - | €701 | +€701 | |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €41,714 | €50,647 | +€8,933 | +21.4% |
| Amounts receivable within one year | 40/41 | €20,125 | €16,497 | -€3,628 | -18.0% |
| Trade receivables | 40 | €15,125 | €12,500 | -€2,625 | -17.4% |
| Other amounts receivable | 41 | €5,000 | €3,997 | -€1,003 | -20.1% |
| Cash at bank and in hand | 54/58 | €20,010 | €31,790 | +€11,779 | +58.9% |
| Deferred charges and accrued income | 490/1 | €1,579 | €2,361 | +€782 | +49.5% |
| Total equity and liabilities | 10/49 | €1,478,375 | €1,471,862 | -€6,513 | -0.4% |
| Equity | 10/15 | €60,803 | €54,413 | -€6,389 | -10.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €50,803 | €44,413 | -€6,389 | -12.6% |
| Distributable reserves | 133 | €50,803 | €44,413 | -€6,389 | -12.6% |
| Amounts payable | 17/49 | €1,417,572 | €1,417,449 | -€123 | 0.0% |
| Amounts payable after more than one year | 17 | €1,265,081 | €1,202,725 | -€62,356 | -4.9% |
| Financial debts | 170/4 | €1,265,081 | €1,202,725 | -€62,356 | -4.9% |
| Amounts payable within one year | 42/48 | €152,491 | €214,724 | +€62,232 | +40.8% |
| Current portion of amounts payable after more than one year | 42 | €68,380 | €71,575 | +€3,195 | +4.7% |
| Trade debts | 44 | €778 | €684 | -€94 | -12.1% |
| Suppliers | 440/4 | €778 | €684 | -€94 | -12.1% |
| Taxes, remuneration and social security | 45 | €13,233 | €12,188 | -€1,044 | -7.9% |
| Taxes | 450/3 | €13,233 | €12,188 | -€1,044 | -7.9% |
| Other amounts payable | 47/48 | €70,101 | €130,276 | +€60,175 | +85.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,460 | €16,228 | -€231 | -1.4% |
| Other operating charges | 640/8 | €505 | €3,708 | +€3,203 | +634% |
| Gross operating margin | 9900 | €138,550 | €73,589 | -€64,961 | -46.9% |
| Operating profit (loss) | 9901 | €121,586 | €53,653 | -€67,933 | -55.9% |
| Financial charges | 65/66B | €60,204 | €59,040 | -€1,165 | -1.9% |
| Recurring financial charges | 65 | €60,204 | €59,040 | -€1,165 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €61,381 | -€5,386 | -€66,768 | |
| Income taxes | 67/77 | €12,256 | €1,003 | -€11,254 | -91.8% |
| Profit (loss) for the period | 9904 | €49,125 | -€6,389 | -€55,514 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,125 | -€6,389 | -€55,514 |
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 14 October 2026 via checked.be.