KE.JE.MA.: 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.
KE.JE.MA.
Largest movements
- Receivables within one year -€2,703
down €2,703 (-39.0%), from €6,934 to €4,231
of which Trade receivables: -€3,000
- Tangible fixed assets +€2,651
new in 2025: €2,651
- Cash +€1,033
up €1,033 (+5.7%), from €18,284 to €19,318
mainly Receivables within one year (+€2,703) and Trade debts (+€1,391)
- Deferred charges and accrued income +€404
new in 2025: €404
- Trade debts +€1,391
up €1,391 (+48.4%), from €2,874 to €4,266
- Profit (loss) carried forward +€584
up €584 (+18.0%), from €3,246 to €3,830
- Other debts -€431
down €431 (-76.0%), from €568 to €136
- Gross operating margin -€2,607
down €2,607 (-47.1%), from €5,530 to €2,923
- Other operating charges -€1,049
down €1,049 (-53.3%), from €1,969 to €920
- Financial charges +€944
up €944 (+183%), from €517 to €1,462
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 | €25,904 | €27,290 | +€1,386 | +5.4% |
| Fixed assets | 21/28 | €685 | €3,337 | +€2,651 | +387% |
| Tangible fixed assets | 22/27 | - | €2,651 | +€2,651 | |
| Furniture and vehicles | 24 | - | €2,651 | +€2,651 | |
| Financial fixed assets | 28 | €685 | €685 | = | 0.0% |
| Current assets | 29/58 | €25,218 | €23,953 | -€1,265 | -5.0% |
| Amounts receivable within one year | 40/41 | €6,934 | €4,231 | -€2,703 | -39.0% |
| Trade receivables | 40 | €6,880 | €3,880 | -€3,000 | -43.6% |
| Other amounts receivable | 41 | €54 | €351 | +€296 | +545% |
| Cash at bank and in hand | 54/58 | €18,284 | €19,318 | +€1,033 | +5.7% |
| Deferred charges and accrued income | 490/1 | - | €404 | +€404 | |
| Total equity and liabilities | 10/49 | €25,904 | €27,290 | +€1,386 | +5.4% |
| Equity | 10/15 | €22,303 | €22,888 | +€584 | +2.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €465 | €465 | = | 0.0% |
| Non-distributable reserves | 130/1 | €465 | €465 | = | 0.0% |
| Reserves not available under the articles | 1311 | €465 | €465 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,246 | €3,830 | +€584 | +18.0% |
| Amounts payable | 17/49 | €3,601 | €4,402 | +€802 | +22.3% |
| Amounts payable within one year | 42/48 | €3,561 | €4,402 | +€841 | +23.6% |
| Trade debts | 44 | €2,874 | €4,266 | +€1,391 | +48.4% |
| Suppliers | 440/4 | €2,874 | €4,266 | +€1,391 | +48.4% |
| Taxes, remuneration and social security | 45 | €119 | - | -€119 | |
| Taxes | 450/3 | €119 | - | -€119 | |
| Other amounts payable | 47/48 | €568 | €136 | -€431 | -76.0% |
| Accrued charges and deferred income | 492/3 | €40 | - | -€40 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €47 | +€47 | |
| Other operating charges | 640/8 | €1,969 | €920 | -€1,049 | -53.3% |
| Gross operating margin | 9900 | €5,530 | €2,923 | -€2,607 | -47.1% |
| Operating profit (loss) | 9901 | €3,561 | €1,956 | -€1,605 | -45.1% |
| Financial income | 75/76B | €109 | €90 | -€18 | -17.0% |
| Recurring financial income | 75 | €109 | €90 | -€18 | -17.0% |
| Financial charges | 65/66B | €517 | €1,462 | +€944 | +183% |
| Recurring financial charges | 65 | €517 | €1,462 | +€944 | +183% |
| Profit (loss) for the period before taxes | 9903 | €3,152 | €584 | -€2,568 | -81.5% |
| Profit (loss) for the period | 9904 | €3,152 | €584 | -€2,568 | -81.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,152 | €584 | -€2,568 | -81.5% |
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 1 November 2026 via checked.be.