KEBAM: 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.
KEBAM
Largest movements
- Cash +€27,075
up €27,075 (+172.2%), from €15,724 to €42,799
mainly Receivables within one year (+€22,827) and Net result for the year (+€5,187)
- Receivables within one year -€22,827
down €22,827 (-14.9%), from €152,970 to €130,143
of which Other amounts receivable: -€31,186
- Tangible fixed assets -€4,489
down €4,489 (-30.7%), from €14,607 to €10,118
of which Furniture and vehicles: -€3,737
- Debts after one year -€6,730
down €6,730 (-31.1%), from €21,609 to €14,879
- Profit (loss) carried forward +€5,187
up €5,187 (+5.4%), from €96,592 to €101,779
- Other operating charges -€5,489
down €5,489 (-10.3%), from €53,357 to €47,868
- Gross operating margin -€4,579
down €4,579 (-6.9%), from €66,191 to €61,612
- Taxes +€3,104
new in 2024: €3,104
- Depreciation -€784
down €784 (-14.9%), from €5,273 to €4,489
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €183,301 | €183,060 | -€241 | -0.1% |
| Fixed assets | 21/28 | €14,607 | €10,118 | -€4,489 | -30.7% |
| Tangible fixed assets | 22/27 | €14,607 | €10,118 | -€4,489 | -30.7% |
| Land and buildings | 22 | €1,445 | €1,083 | -€362 | -25.1% |
| Plant, machinery and equipment | 23 | €1,950 | €1,560 | -€390 | -20.0% |
| Furniture and vehicles | 24 | €11,212 | €7,475 | -€3,737 | -33.3% |
| Current assets | 29/58 | €168,694 | €172,942 | +€4,248 | +2.5% |
| Amounts receivable within one year | 40/41 | €152,970 | €130,143 | -€22,827 | -14.9% |
| Trade receivables | 40 | €121,784 | €130,143 | +€8,359 | +6.9% |
| Other amounts receivable | 41 | €31,186 | - | -€31,186 | |
| Cash at bank and in hand | 54/58 | €15,724 | €42,799 | +€27,075 | +172.2% |
| Total equity and liabilities | 10/49 | €183,301 | €183,060 | -€241 | -0.1% |
| Equity | 10/15 | €161,692 | €166,879 | +€5,187 | +3.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,100 | €3,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Legal reserve | 130 | €3,100 | €3,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,592 | €101,779 | +€5,187 | +5.4% |
| Amounts payable | 17/49 | €21,609 | €16,181 | -€5,428 | -25.1% |
| Amounts payable after more than one year | 17 | €21,609 | €14,879 | -€6,730 | -31.1% |
| Financial debts | 170/4 | €21,609 | €14,879 | -€6,730 | -31.1% |
| Amounts payable within one year | 42/48 | - | €1,302 | +€1,302 | |
| Other amounts payable | 47/48 | - | €1,302 | +€1,302 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,273 | €4,489 | -€784 | -14.9% |
| Other operating charges | 640/8 | €53,357 | €47,868 | -€5,489 | -10.3% |
| Gross operating margin | 9900 | €66,191 | €61,612 | -€4,579 | -6.9% |
| Operating profit (loss) | 9901 | €7,561 | €9,255 | +€1,694 | +22.4% |
| Financial charges | 65/66B | €1,194 | €964 | -€230 | -19.3% |
| Recurring financial charges | 65 | €1,194 | €964 | -€230 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €6,367 | €8,291 | +€1,924 | +30.2% |
| Income taxes | 67/77 | - | €3,104 | +€3,104 | |
| Profit (loss) for the period | 9904 | €6,367 | €5,187 | -€1,180 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,367 | €5,187 | -€1,180 | -18.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.