KE GROUP: what changed
Two fiscal 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.
KE GROUP
Largest movements
- Receivables within one year -€9,417
down €9,417 (-93.8%), from €10,039 to €622
- Tangible fixed assets -€1,437
down €1,437 (-9.5%), from €15,189 to €13,752
of which Plant, machinery and equipment: -€843
- Cash +€1,354
up €1,354 (+164.7%), from €822 to €2,176
mainly Receivables within one year (+€9,417) and Depreciation (+€1,437)
- Deferred charges and accrued income -€803
down €803 (-100.0%), from €803 to €0
- Profit (loss) carried forward -€7,010
down €7,010 (-16.0%), from -€43,741 to -€50,751
- Other debts -€2,709
down €2,709 (-6.8%), from €39,813 to €37,104
- Tax, wage and social debts -€758
down €758 (-47.7%), from €1,591 to €832
- Gross operating margin -€1,759
down €1,759 (-92.8%), from -€1,895 to -€3,654
- Taxes -€171
down €171 (-100.0%), from €171 to €0
- Other operating charges -€121
down €121 (-6.2%), from €1,955 to €1,833
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 | €26,852 | €16,549 | -€10,303 | -38.4% |
| Fixed assets | 21/28 | €15,189 | €13,752 | -€1,437 | -9.5% |
| Tangible fixed assets | 22/27 | €15,189 | €13,752 | -€1,437 | -9.5% |
| Land and buildings | 22 | €3,877 | €3,477 | -€400 | -10.3% |
| Plant, machinery and equipment | 23 | €9,980 | €9,138 | -€843 | -8.4% |
| Furniture and vehicles | 24 | €1,331 | €1,137 | -€195 | -14.6% |
| Current assets | 29/58 | €11,663 | €2,798 | -€8,866 | -76.0% |
| Amounts receivable within one year | 40/41 | €10,039 | €622 | -€9,417 | -93.8% |
| Trade receivables | 40 | €10,039 | €622 | -€9,417 | -93.8% |
| Cash at bank and in hand | 54/58 | €822 | €2,176 | +€1,354 | +164.7% |
| Deferred charges and accrued income | 490/1 | €803 | €0 | -€803 | -100.0% |
| Total equity and liabilities | 10/49 | €26,852 | €16,549 | -€10,303 | -38.4% |
| Equity | 10/15 | -€18,047 | -€25,056 | -€7,010 | -38.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €19,494 | €19,494 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €19,494 | €19,494 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,741 | -€50,751 | -€7,010 | -16.0% |
| Amounts payable | 17/49 | €44,899 | €41,606 | -€3,293 | -7.3% |
| Amounts payable within one year | 42/48 | €44,899 | €41,606 | -€3,293 | -7.3% |
| Trade debts | 44 | €3,495 | €3,669 | +€174 | +5.0% |
| Suppliers | 440/4 | €3,495 | €3,669 | +€174 | +5.0% |
| Taxes, remuneration and social security | 45 | €1,591 | €832 | -€758 | -47.7% |
| Taxes | 450/3 | €1,591 | €832 | -€758 | -47.7% |
| Other amounts payable | 47/48 | €39,813 | €37,104 | -€2,709 | -6.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €6,617 | €0 | -€6,617 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,444 | €1,437 | -€7 | -0.5% |
| Other operating charges | 640/8 | €1,955 | €1,833 | -€121 | -6.2% |
| Gross operating margin | 9900 | -€1,895 | -€3,654 | -€1,759 | -92.8% |
| Operating profit (loss) | 9901 | -€5,294 | -€6,924 | -€1,631 | -30.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €80 | €85 | +€5 | +6.6% |
| Recurring financial charges | 65 | €80 | €85 | +€5 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,374 | -€7,010 | -€1,636 | -30.4% |
| Income taxes | 67/77 | €171 | €0 | -€171 | -100.0% |
| Profit (loss) for the period | 9904 | -€5,544 | -€7,010 | -€1,465 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,544 | -€7,010 | -€1,465 | -26.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.