Ké: 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.
Ké
Largest movements
- Receivables within one year +€14,707
up €14,707 (+66.1%), from €22,247 to €36,954
- Cash +€4,936
up €4,936 (+11.4%), from €43,250 to €48,185
- Stocks and contracts +€3,478
up €3,478 (+22.0%), from €15,825 to €19,304
- Trade debts +€41,660
up €41,660 (+290%), from €14,373 to €56,033
- Profit (loss) carried forward -€25,034
down €25,034 (-23.2%), from -€107,701 to -€132,735
- Tax, wage and social debts +€6,358
up €6,358 (+5.4%), from €117,383 to €123,740
of which Taxes: +€5,002
- Other debts -€2,811
down €2,811 (-4.1%), from €69,118 to €66,307
- Staff costs +€224,005
up €224,005 (+101%), from €221,257 to €445,262
- Gross operating margin +€223,955
up €223,955 (+89.8%), from €249,366 to €473,320
- Financial charges +€13,554
up €13,554 (+172%), from €7,871 to €21,426
- Depreciation +€7,830
up €7,830 (+117%), from €6,671 to €14,501
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €142,379 | €162,552 | +€20,172 | +14.2% |
| Fixed assets | 21/28 | €55,985 | €54,438 | -€1,548 | -2.8% |
| Tangible fixed assets | 22/27 | €29,147 | €27,600 | -€1,548 | -5.3% |
| Plant, machinery and equipment | 23 | €16,814 | €18,473 | +€1,659 | +9.9% |
| Furniture and vehicles | 24 | €12,333 | €9,126 | -€3,207 | -26.0% |
| Financial fixed assets | 28 | €26,838 | €26,838 | = | 0.0% |
| Current assets | 29/58 | €86,394 | €108,114 | +€21,720 | +25.1% |
| Stocks and contracts in progress | 3 | €15,825 | €19,304 | +€3,478 | +22.0% |
| Stocks | 30/36 | €15,825 | €19,304 | +€3,478 | +22.0% |
| Amounts receivable within one year | 40/41 | €22,247 | €36,954 | +€14,707 | +66.1% |
| Trade receivables | 40 | €22,247 | €36,954 | +€14,707 | +66.1% |
| Cash at bank and in hand | 54/58 | €43,250 | €48,185 | +€4,936 | +11.4% |
| Deferred charges and accrued income | 490/1 | €5,072 | €3,671 | -€1,401 | -27.6% |
| Total equity and liabilities | 10/49 | €142,379 | €162,552 | +€20,172 | +14.2% |
| Equity | 10/15 | -€58,494 | -€83,529 | -€25,034 | -42.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,607 | €30,607 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €28,748 | €28,748 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,701 | -€132,735 | -€25,034 | -23.2% |
| Amounts payable | 17/49 | €200,874 | €246,080 | +€45,207 | +22.5% |
| Amounts payable within one year | 42/48 | €200,874 | €246,080 | +€45,207 | +22.5% |
| Trade debts | 44 | €14,373 | €56,033 | +€41,660 | +290% |
| Suppliers | 440/4 | €14,373 | €56,033 | +€41,660 | +290% |
| Taxes, remuneration and social security | 45 | €117,383 | €123,740 | +€6,358 | +5.4% |
| Taxes | 450/3 | €59,341 | €64,343 | +€5,002 | +8.4% |
| Remuneration and social security | 454/9 | €58,042 | €59,398 | +€1,356 | +2.3% |
| Other amounts payable | 47/48 | €69,118 | €66,307 | -€2,811 | -4.1% |
| Remuneration, social security and pensions | 62 | €221,257 | €445,262 | +€224,005 | +101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,671 | €14,501 | +€7,830 | +117% |
| Other operating charges | 640/8 | €16,198 | €15,691 | -€507 | -3.1% |
| Non-recurring operating charges | 66A | - | €1,199 | +€1,199 | |
| Gross operating margin | 9900 | €249,366 | €473,320 | +€223,955 | +89.8% |
| Operating profit (loss) | 9901 | €5,240 | -€3,332 | -€8,572 | |
| Financial income | 75/76B | €101 | €1 | -€100 | -99.2% |
| Recurring financial income | 75 | €101 | €1 | -€100 | -99.2% |
| Financial charges | 65/66B | €7,871 | €21,426 | +€13,554 | +172% |
| Recurring financial charges | 65 | €7,871 | €21,426 | +€13,554 | +172% |
| Profit (loss) for the period before taxes | 9903 | -€2,530 | -€24,757 | -€22,226 | -878% |
| Income taxes | 67/77 | - | €278 | +€278 | |
| Profit (loss) for the period | 9904 | -€2,530 | -€25,034 | -€22,504 | -889% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,530 | -€25,034 | -€22,504 | -889% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.