k.e.international: 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.
k.e.international
Largest movements
- Receivables within one year -€22,674
down €22,674 (-66.8%), from €33,920 to €11,246
of which Other amounts receivable: -€17,761
- Cash -€18,684
down €18,684 (-46.9%), from €39,851 to €21,167
mainly Net result for the year (-€26,469) and Other debts (-€16,705)
- Profit (loss) carried forward -€26,469
new in 2025: -€26,469
- Other debts -€16,705
down €16,705 (-93.6%), from €17,855 to €1,150
- Trade debts +€3,185
up €3,185 (+77.1%), from €4,130 to €7,316
- Tax, wage and social debts -€938
no longer reported in 2025 (was €938)
- Gross operating margin -€44,119
down €44,119, from €19,442 to -€24,677
- Taxes -€6,419
down €6,419, from €6,388 to -€31
- Financial income -€1,358
down €1,358 (-86.7%), from €1,566 to €208
- Financial charges +€801
up €801 (+407.8%), from €196 to €997
- Depreciation +€504
up €504 (+388.2%), from €130 to €634
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 | €75,592 | €34,665 | -€40,927 | -54.1% |
| Fixed assets | 21/28 | €830 | €1,251 | +€421 | +50.7% |
| Tangible fixed assets | 22/27 | €805 | €1,226 | +€421 | +52.3% |
| Furniture and vehicles | 24 | €805 | €1,226 | +€421 | +52.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €74,762 | €33,414 | -€41,348 | -55.3% |
| Amounts receivable within one year | 40/41 | €33,920 | €11,246 | -€22,674 | -66.8% |
| Trade receivables | 40 | €16,094 | €11,181 | -€4,913 | -30.5% |
| Other amounts receivable | 41 | €17,827 | €65 | -€17,761 | -99.6% |
| Cash at bank and in hand | 54/58 | €39,851 | €21,167 | -€18,684 | -46.9% |
| Deferred charges and accrued income | 490/1 | €990 | €1,000 | +€10 | +1.0% |
| Total equity and liabilities | 10/49 | €75,592 | €34,665 | -€40,927 | -54.1% |
| Equity | 10/15 | €52,669 | €26,200 | -€26,469 | -50.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €46,469 | €46,469 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €44,609 | €44,609 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€26,469 | -€26,469 | |
| Amounts payable | 17/49 | €22,923 | €8,466 | -€14,458 | -63.1% |
| Amounts payable within one year | 42/48 | €22,923 | €8,466 | -€14,458 | -63.1% |
| Trade debts | 44 | €4,130 | €7,316 | +€3,185 | +77.1% |
| Suppliers | 440/4 | €4,130 | €7,316 | +€3,185 | +77.1% |
| Taxes, remuneration and social security | 45 | €938 | - | -€938 | |
| Taxes | 450/3 | €938 | - | -€938 | |
| Other amounts payable | 47/48 | €17,855 | €1,150 | -€16,705 | -93.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130 | €634 | +€504 | +388.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €19,442 | -€24,677 | -€44,119 | |
| Operating profit (loss) | 9901 | €18,925 | -€25,711 | -€44,636 | |
| Financial income | 75/76B | €1,566 | €208 | -€1,358 | -86.7% |
| Recurring financial income | 75 | €1,566 | €208 | -€1,358 | -86.7% |
| Financial charges | 65/66B | €196 | €997 | +€801 | +407.8% |
| Recurring financial charges | 65 | €196 | €997 | +€801 | +407.8% |
| Profit (loss) for the period before taxes | 9903 | €20,294 | -€26,501 | -€46,795 | |
| Income taxes | 67/77 | €6,388 | -€31 | -€6,419 | |
| Profit (loss) for the period | 9904 | €13,906 | -€26,469 | -€40,375 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,906 | -€26,469 | -€40,375 |
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.