KE Partners: 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 Partners
Largest movements
- Tangible fixed assets +€8,441
up €8,441 (+1,236%), from €683 to €9,124
of which Furniture and vehicles: +€8,940
- Receivables within one year -€8,229
down €8,229 (-33.8%), from €24,355 to €16,126
of which Trade receivables: -€6,040
- Trade debts -€3,400
down €3,400 (-22.7%), from €15,005 to €11,605
- Profit (loss) carried forward +€2,236
up €2,236 (+17.2%), from -€13,007 to -€10,771
- Tax, wage and social debts +€1,684
up €1,684 (+8.5%), from €19,894 to €21,577
- Gross operating margin +€3,638
up €3,638 (+85.4%), from €4,259 to €7,897
- Other operating charges -€1,183
down €1,183 (-54.0%), from €2,193 to €1,010
- Financial charges +€647
up €647 (+333%), from €194 to €841
- Depreciation +€645
up €645 (+39.0%), from €1,653 to €2,299
- Taxes +€536
up €536 (+38.3%), from €1,402 to €1,938
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 | €25,049 | €25,569 | +€520 | +2.1% |
| Fixed assets | 21/28 | €683 | €9,124 | +€8,441 | +1,236% |
| Tangible fixed assets | 22/27 | €683 | €9,124 | +€8,441 | +1,236% |
| Plant, machinery and equipment | 23 | €552 | €53 | -€498 | -90.4% |
| Furniture and vehicles | 24 | €132 | €9,071 | +€8,940 | +6,798% |
| Current assets | 29/58 | €24,366 | €16,445 | -€7,922 | -32.5% |
| Amounts receivable within one year | 40/41 | €24,355 | €16,126 | -€8,229 | -33.8% |
| Trade receivables | 40 | €15,595 | €9,555 | -€6,040 | -38.7% |
| Other amounts receivable | 41 | €8,761 | €6,571 | -€2,189 | -25.0% |
| Cash at bank and in hand | 54/58 | €2 | €170 | +€168 | +9,271% |
| Deferred charges and accrued income | 490/1 | €9 | €149 | +€139 | +1,472% |
| Total equity and liabilities | 10/49 | €25,049 | €25,569 | +€520 | +2.1% |
| Equity | 10/15 | -€10,007 | -€7,771 | +€2,236 | +22.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,007 | -€10,771 | +€2,236 | +17.2% |
| Amounts payable | 17/49 | €35,056 | €33,340 | -€1,717 | -4.9% |
| Amounts payable within one year | 42/48 | €35,056 | €33,340 | -€1,717 | -4.9% |
| Trade debts | 44 | €15,005 | €11,605 | -€3,400 | -22.7% |
| Suppliers | 440/4 | €15,005 | €11,605 | -€3,400 | -22.7% |
| Advances received on contracts in progress | 46 | €157 | €157 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €19,894 | €21,577 | +€1,684 | +8.5% |
| Taxes | 450/3 | €19,894 | €21,577 | +€1,684 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,653 | €2,299 | +€645 | +39.0% |
| Other operating charges | 640/8 | €2,193 | €1,010 | -€1,183 | -54.0% |
| Gross operating margin | 9900 | €4,259 | €7,897 | +€3,638 | +85.4% |
| Operating profit (loss) | 9901 | €413 | €4,589 | +€4,176 | +1,011% |
| Financial income | 75/76B | €274 | €427 | +€153 | +56.0% |
| Recurring financial income | 75 | €274 | €427 | +€153 | +56.0% |
| Financial charges | 65/66B | €194 | €841 | +€647 | +333% |
| Recurring financial charges | 65 | €194 | €841 | +€647 | +333% |
| Profit (loss) for the period before taxes | 9903 | €492 | €4,175 | +€3,682 | +748% |
| Income taxes | 67/77 | €1,402 | €1,938 | +€536 | +38.3% |
| Profit (loss) for the period | 9904 | -€910 | €2,236 | +€3,146 | |
| Profit (loss) for the period to be appropriated | 9905 | -€910 | €2,236 | +€3,146 |
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 15 October 2026 via checked.be.