KEBATI: 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.
KEBATI
Largest movements
- Stocks and contracts +€173,034
up €173,034 (+118%), from €146,300 to €319,334
- Receivables within one year -€47,282
down €47,282 (-67.9%), from €69,660 to €22,378
of which Trade receivables: -€47,236
- Cash +€12,599
up €12,599 (+861%), from €1,463 to €14,062
mainly Current portion of long-term debt (+€217,768) and Receivables within one year (+€47,282)
- Current portion of long-term debt +€217,768
up €217,768 (+4,654%), from €4,679 to €222,447
- Debts after one year -€49,566
down €49,566 (-100%), from €49,566 to €0
- Trade debts -€35,066
down €35,066 (-73.8%), from €47,508 to €12,442
- Other debts +€11,572
up €11,572 (+1,655%), from €699 to €12,271
- Tax, wage and social debts -€4,396
down €4,396 (-35.9%), from €12,250 to €7,854
of which Taxes: -€7,217
- Staff costs +€33,236
up €33,236 (+2,951%), from €1,126 to €34,362
- Gross operating margin +€32,920
up €32,920 (+206%), from €15,997 to €48,917
- Financial charges +€6,231
up €6,231 (+456%), from €1,366 to €7,597
- Other operating charges -€2,669
down €2,669 (-28.4%), from €9,396 to €6,727
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 | €231,666 | €368,565 | +€136,899 | +59.1% |
| Fixed assets | 21/28 | €12,438 | €9,016 | -€3,423 | -27.5% |
| Tangible fixed assets | 22/27 | €12,438 | €8,811 | -€3,628 | -29.2% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €12,438 | €8,811 | -€3,628 | -29.2% |
| Financial fixed assets | 28 | - | €205 | +€205 | |
| Current assets | 29/58 | €219,228 | €359,550 | +€140,322 | +64.0% |
| Stocks and contracts in progress | 3 | €146,300 | €319,334 | +€173,034 | +118% |
| Stocks | 30/36 | €146,300 | €319,334 | +€173,034 | +118% |
| Amounts receivable within one year | 40/41 | €69,660 | €22,378 | -€47,282 | -67.9% |
| Trade receivables | 40 | €58,326 | €11,090 | -€47,236 | -81.0% |
| Other amounts receivable | 41 | €11,334 | €11,288 | -€47 | -0.4% |
| Cash at bank and in hand | 54/58 | €1,463 | €14,062 | +€12,599 | +861% |
| Deferred charges and accrued income | 490/1 | €1,804 | €3,776 | +€1,971 | +109% |
| Total equity and liabilities | 10/49 | €231,666 | €368,565 | +€136,899 | +59.1% |
| Equity | 10/15 | €116,948 | €113,552 | -€3,397 | -2.9% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €652 | €652 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Distributable reserves | 133 | €602 | €602 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,796 | €112,399 | -€3,397 | -2.9% |
| Amounts payable | 17/49 | €114,717 | €255,013 | +€140,296 | +122% |
| Amounts payable after more than one year | 17 | €49,566 | €0 | -€49,566 | -100% |
| Financial debts | 170/4 | €49,566 | €0 | -€49,566 | -100% |
| Amounts payable within one year | 42/48 | €65,135 | €255,013 | +€189,878 | +292% |
| Current portion of amounts payable after more than one year | 42 | €4,679 | €222,447 | +€217,768 | +4,654% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €47,508 | €12,442 | -€35,066 | -73.8% |
| Suppliers | 440/4 | €47,508 | €12,442 | -€35,066 | -73.8% |
| Taxes, remuneration and social security | 45 | €12,250 | €7,854 | -€4,396 | -35.9% |
| Taxes | 450/3 | €12,250 | €5,033 | -€7,217 | -58.9% |
| Remuneration and social security | 454/9 | - | €2,821 | +€2,821 | |
| Other amounts payable | 47/48 | €699 | €12,271 | +€11,572 | +1,655% |
| Accrued charges and deferred income | 492/3 | €16 | €0 | -€16 | -100% |
| Remuneration, social security and pensions | 62 | €1,126 | €34,362 | +€33,236 | +2,951% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,628 | €3,628 | = | 0.0% |
| Other operating charges | 640/8 | €9,396 | €6,727 | -€2,669 | -28.4% |
| Gross operating margin | 9900 | €15,997 | €48,917 | +€32,920 | +206% |
| Operating profit (loss) | 9901 | €1,847 | €4,200 | +€2,353 | +127% |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | - | €0 | = | |
| Financial charges | 65/66B | €1,366 | €7,597 | +€6,231 | +456% |
| Recurring financial charges | 65 | €1,366 | €7,597 | +€6,231 | +456% |
| Profit (loss) for the period before taxes | 9903 | €481 | -€3,397 | -€3,877 | |
| Income taxes | 67/77 | €215 | €0 | -€215 | -100% |
| Profit (loss) for the period | 9904 | €266 | -€3,397 | -€3,662 | |
| Profit (loss) for the period to be appropriated | 9905 | €266 | -€3,397 | -€3,662 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.