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KBE: what changed

What changed

KBE

BE 0726.515.548
NACE 46.349, Wholesale of beverages, general range
filed annual accounts (NBB)
Financial years compared with
Net result for the year
€9,534
2024 · -€9,225+€18,759
Equity
€92,362
2024 · €82,827+€9,534
Cash
€6,345
2024 · €17,567-€11,222
Balance sheet total
€453,450
2024 · €160,280+€293,170

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€175,853

    up €175,853 (+148%), from €118,901 to €294,754

    of which Trade receivables: +€176,684

  • Tangible fixed assets +€123,174

    up €123,174 (+4,494%), from €2,741 to €125,915

  • Cash -€11,222

    down €11,222 (-63.9%), from €17,567 to €6,345

    mainly Receivables within one year (-€175,853) and Investment in fixed assets (net) (-€152,753)

  • Financial fixed assets +€9,000

    new in 2025: €9,000

  • Stocks and contracts -€4,659

    down €4,659 (-22.4%), from €20,782 to €16,124

Equity and liabilities
  • Trade debts +€190,999

    up €190,999 (+1,410%), from €13,548 to €204,547

  • Debts after one year +€65,419

    new in 2025: €65,419

  • Current portion of long-term debt +€19,631

    up €19,631 (+629%), from €3,120 to €22,751

  • Profit (loss) carried forward +€9,534

    up €9,534 (+12.1%), from €78,827 to €88,362

  • Tax, wage and social debts +€7,586

    up €7,586 (+12.5%), from €60,785 to €68,371

    of which Taxes: +€18,954

Income statement
  • Staff costs -€36,912

    down €36,912 (-36.3%), from €101,589 to €64,677

  • Depreciation +€18,576

    up €18,576 (+928%), from €2,002 to €20,578

  • Other operating charges -€1,864

    down €1,864 (-35.8%), from €5,211 to €3,346

  • Gross operating margin -€1,766

    down €1,766 (-1.7%), from €104,810 to €103,043

Change in the result, 2024 to 2025

effect on the result

For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.

Result 2024 -€9,225
Gross operating margin -€1,766
Staff costs +€36,912
Depreciation -€18,576
Other operating charges +€1,864
Financial income -€3
Financial charges +€229
Taxes +€99
Result 2025 €9,534
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.

From operations +€56,480
Investment -€152,753
Financing +€85,051
Cash 2024 €17,567
Net result for the year +€9,534
Depreciation +€20,578
Stocks and contracts +€4,659
Receivables within one year -€175,853
Deferred charges and accrued income -€1,024
Trade debts +€190,999
Tax, wage and social debts +€7,586
Investment in fixed assets (net) -€152,753
Debts after one year +€65,419
Current portion of long-term debt +€19,631
Cash 2025 €6,345
brings cash intakes cash out
Every line side by side 41 lines
Line Code 2024 2025 Change %
Total assets 20/58 €160,280 €453,450 +€293,170 +183%
Fixed assets 21/28 €2,741 €134,915 +€132,174 +4,822%
Tangible fixed assets 22/27 €2,741 €125,915 +€123,174 +4,494%
Furniture and vehicles 24 €2,741 €125,915 +€123,174 +4,494%
Financial fixed assets 28 - €9,000 +€9,000
Current assets 29/58 €157,539 €318,535 +€160,995 +102%
Stocks and contracts in progress 3 €20,782 €16,124 -€4,659 -22.4%
Stocks 30/36 €20,782 €16,124 -€4,659 -22.4%
Amounts receivable within one year 40/41 €118,901 €294,754 +€175,853 +148%
Trade receivables 40 €118,070 €294,754 +€176,684 +150%
Other amounts receivable 41 €832 - -€832
Cash at bank and in hand 54/58 €17,567 €6,345 -€11,222 -63.9%
Deferred charges and accrued income 490/1 €288 €1,312 +€1,024 +355%
Total equity and liabilities 10/49 €160,280 €453,450 +€293,170 +183%
Equity 10/15 €82,827 €92,362 +€9,534 +11.5%
Contributions 10/11 €4,000 €4,000 = 0.0%
Profit (loss) carried forward 14 €78,827 €88,362 +€9,534 +12.1%
Amounts payable 17/49 €77,453 €361,088 +€283,636 +366%
Amounts payable after more than one year 17 - €65,419 +€65,419
Financial debts 170/4 - €65,419 +€65,419
Amounts payable within one year 42/48 €77,453 €295,669 +€218,216 +282%
Current portion of amounts payable after more than one year 42 €3,120 €22,751 +€19,631 +629%
Trade debts 44 €13,548 €204,547 +€190,999 +1,410%
Suppliers 440/4 €13,548 €204,547 +€190,999 +1,410%
Taxes, remuneration and social security 45 €60,785 €68,371 +€7,586 +12.5%
Taxes 450/3 €37,259 €56,213 +€18,954 +50.9%
Remuneration and social security 454/9 €23,526 €12,157 -€11,368 -48.3%
Non-recurring operating income 76A €35,920 €8,045 -€27,875 -77.6%
Remuneration, social security and pensions 62 €101,589 €64,677 -€36,912 -36.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €2,002 €20,578 +€18,576 +928%
Other operating charges 640/8 €5,211 €3,346 -€1,864 -35.8%
Gross operating margin 9900 €104,810 €103,043 -€1,766 -1.7%
Operating profit (loss) 9901 -€3,992 €14,442 +€18,434
Financial income 75/76B €4 €1 -€3 -83.5%
Recurring financial income 75 €4 €1 -€3 -83.5%
Financial charges 65/66B €4,640 €4,411 -€229 -4.9%
Recurring financial charges 65 €4,640 €4,411 -€229 -4.9%
Profit (loss) for the period before taxes 9903 -€8,629 €10,031 +€18,660
Income taxes 67/77 €597 €497 -€99 -16.6%
Profit (loss) for the period 9904 -€9,225 €9,534 +€18,759
Profit (loss) for the period to be appropriated 9905 -€9,225 €9,534 +€18,759
Calculation and sources

Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.