K.E. Invest: 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. Invest
Largest movements
- Cash +€182,217
up €182,217 (+442%), from €41,232 to €223,448
mainly Receivables after one year (+€155,000) and Net result for the year (+€77,269)
- Receivables after one year -€155,000
down €155,000 (-100%), from €155,000 to €0
- Tangible fixed assets +€9,430
up €9,430 (+91.5%), from €10,308 to €19,737
- Deferred charges and accrued income +€6,429
up €6,429 (+161%), from €3,989 to €10,418
- Receivables within one year +€5,712
up €5,712 (+7.5%), from €75,855 to €81,567
of which Other amounts receivable: +€7,562
- Reserves +€77,269
up €77,269 (+33.0%), from €234,197 to €311,465
- Tax, wage and social debts -€40,594
down €40,594 (-83.6%), from €48,585 to €7,991
- Current portion of long-term debt +€10,094
new in 2025: €10,094
- Gross operating margin -€30,983
down €30,983 (-22.6%), from €137,129 to €106,146
- Taxes -€7,522
down €7,522 (-26.3%), from €28,595 to €21,073
- Financial charges +€1,631
up €1,631 (+68.8%), from €2,370 to €4,000
- Other operating charges +€1,373
up €1,373 (+189%), from €726 to €2,098
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 | €286,383 | €335,170 | +€48,787 | +17.0% |
| Fixed assets | 21/28 | €10,308 | €19,737 | +€9,430 | +91.5% |
| Tangible fixed assets | 22/27 | €10,308 | €19,737 | +€9,430 | +91.5% |
| Furniture and vehicles | 24 | €10,308 | €19,737 | +€9,430 | +91.5% |
| Current assets | 29/58 | €276,075 | €315,433 | +€39,358 | +14.3% |
| Amounts receivable after more than one year | 29 | €155,000 | €0 | -€155,000 | -100% |
| Other amounts receivable | 291 | €155,000 | €0 | -€155,000 | -100% |
| Amounts receivable within one year | 40/41 | €75,855 | €81,567 | +€5,712 | +7.5% |
| Trade receivables | 40 | €74,450 | €72,600 | -€1,850 | -2.5% |
| Other amounts receivable | 41 | €1,405 | €8,967 | +€7,562 | +538% |
| Cash at bank and in hand | 54/58 | €41,232 | €223,448 | +€182,217 | +442% |
| Deferred charges and accrued income | 490/1 | €3,989 | €10,418 | +€6,429 | +161% |
| Total equity and liabilities | 10/49 | €286,383 | €335,170 | +€48,787 | +17.0% |
| Equity | 10/15 | €235,197 | €312,465 | +€77,269 | +32.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €234,197 | €311,465 | +€77,269 | +33.0% |
| Distributable reserves | 133 | €234,197 | €311,465 | +€77,269 | +33.0% |
| Amounts payable | 17/49 | €51,186 | €22,705 | -€28,481 | -55.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €51,024 | €22,496 | -€28,527 | -55.9% |
| Current portion of amounts payable after more than one year | 42 | - | €10,094 | +€10,094 | |
| Trade debts | 44 | €1,130 | €2,519 | +€1,389 | +123% |
| Suppliers | 440/4 | €1,130 | €2,519 | +€1,389 | +123% |
| Taxes, remuneration and social security | 45 | €48,585 | €7,991 | -€40,594 | -83.6% |
| Taxes | 450/3 | €48,585 | €7,991 | -€40,594 | -83.6% |
| Other amounts payable | 47/48 | €1,309 | €1,893 | +€584 | +44.6% |
| Accrued charges and deferred income | 492/3 | €163 | €209 | +€46 | +28.1% |
| Non-recurring operating income | 76A | - | €16,992 | +€16,992 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,159 | €1,840 | -€319 | -14.8% |
| Other operating charges | 640/8 | €726 | €2,098 | +€1,373 | +189% |
| Gross operating margin | 9900 | €137,129 | €106,146 | -€30,983 | -22.6% |
| Operating profit (loss) | 9901 | €134,245 | €102,208 | -€32,036 | -23.9% |
| Financial income | 75/76B | €0 | €134 | +€134 | |
| Recurring financial income | 75 | €0 | €134 | +€134 | |
| Financial charges | 65/66B | €2,370 | €4,000 | +€1,631 | +68.8% |
| Recurring financial charges | 65 | €2,370 | €4,000 | +€1,631 | +68.8% |
| Profit (loss) for the period before taxes | 9903 | €131,875 | €98,342 | -€33,533 | -25.4% |
| Income taxes | 67/77 | €28,595 | €21,073 | -€7,522 | -26.3% |
| Profit (loss) for the period | 9904 | €103,280 | €77,269 | -€26,011 | -25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €103,280 | €77,269 | -€26,011 | -25.2% |
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 22 October 2026 via checked.be.