KEB: 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.
KEB
Largest movements
- Receivables within one year -€980
down €980 (-3.6%), from €27,205 to €26,225
of which Trade receivables: -€980
- Cash -€679
down €679 (-26.7%), from €2,547 to €1,868
mainly Other debts (-€11,442) and Smaller working-capital items (-€17)
- Other debts -€11,442
down €11,442 (-29.1%), from €39,309 to €27,867
- Profit (loss) carried forward +€9,800
up €9,800 (+55.9%), from -€17,533 to -€7,732
- Taxes -€1,409
down €1,409 (-83.0%), from €1,698 to €288
- Gross operating margin +€1,101
up €1,101 (+10.1%), from €10,871 to €11,972
- Other operating charges -€506
down €506 (-22.2%), from €2,277 to €1,770
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 | €30,119 | €28,483 | -€1,636 | -5.4% |
| Current assets | 29/58 | €30,119 | €28,483 | -€1,636 | -5.4% |
| Amounts receivable within one year | 40/41 | €27,205 | €26,225 | -€980 | -3.6% |
| Trade receivables | 40 | €2,205 | €1,225 | -€980 | -44.4% |
| Other amounts receivable | 41 | €25,000 | €25,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,547 | €1,868 | -€679 | -26.7% |
| Deferred charges and accrued income | 490/1 | €367 | €390 | +€23 | +6.2% |
| Total equity and liabilities | 10/49 | €30,119 | €28,483 | -€1,636 | -5.4% |
| Equity | 10/15 | -€9,473 | €328 | +€9,800 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,533 | -€7,732 | +€9,800 | +55.9% |
| Amounts payable | 17/49 | €39,592 | €28,155 | -€11,437 | -28.9% |
| Amounts payable within one year | 42/48 | €39,592 | €28,155 | -€11,437 | -28.9% |
| Taxes, remuneration and social security | 45 | €282 | €288 | +€6 | +2.1% |
| Taxes | 450/3 | €282 | €288 | +€6 | +2.1% |
| Other amounts payable | 47/48 | €39,309 | €27,867 | -€11,442 | -29.1% |
| Other operating charges | 640/8 | €2,277 | €1,770 | -€506 | -22.2% |
| Gross operating margin | 9900 | €10,871 | €11,972 | +€1,101 | +10.1% |
| Operating profit (loss) | 9901 | €8,594 | €10,201 | +€1,607 | +18.7% |
| Financial charges | 65/66B | €99 | €113 | +€14 | +13.6% |
| Recurring financial charges | 65 | €99 | €113 | +€14 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €8,495 | €10,089 | +€1,594 | +18.8% |
| Income taxes | 67/77 | €1,698 | €288 | -€1,409 | -83.0% |
| Profit (loss) for the period | 9904 | €6,797 | €9,800 | +€3,003 | +44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,797 | €9,800 | +€3,003 | +44.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.