KEBEC: 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.
KEBEC
Largest movements
- Receivables within one year +€73,683
new in 2025: €73,683
of which Trade receivables: +€72,600
- Cash +€26,238
up €26,238 (+524.8%), from €5,000 to €31,238
mainly Net result for the year (+€68,403) and Tax, wage and social debts (+€28,688)
- Profit (loss) carried forward +€68,403
up €68,403, from -€2,482 to €65,922
- Tax, wage and social debts +€28,688
new in 2025: €28,688
- Trade debts +€2,830
up €2,830 (+114.0%), from €2,482 to €5,312
- Gross operating margin +€91,234
up €91,234, from -€1,250 to €89,984
- Taxes +€18,932
new in 2025: €18,932
- Other operating charges +€1,428
new in 2025: €1,428
- Depreciation -€1,232
down €1,232 (-100.0%), from €1,232 to €0
- Financial charges +€1,221
new in 2025: €1,221
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 | €5,000 | €104,921 | +€99,921 | +1998.4% |
| Current assets | 29/58 | €5,000 | €104,921 | +€99,921 | +1998.4% |
| Amounts receivable within one year | 40/41 | - | €73,683 | +€73,683 | |
| Trade receivables | 40 | - | €72,600 | +€72,600 | |
| Other amounts receivable | 41 | - | €1,083 | +€1,083 | |
| Cash at bank and in hand | 54/58 | €5,000 | €31,238 | +€26,238 | +524.8% |
| Total equity and liabilities | 10/49 | €5,000 | €104,921 | +€99,921 | +1998.4% |
| Equity | 10/15 | €2,518 | €70,922 | +€68,403 | +2716.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,482 | €65,922 | +€68,403 | |
| Amounts payable | 17/49 | €2,482 | €33,999 | +€31,518 | +1270.0% |
| Amounts payable within one year | 42/48 | €2,482 | €33,999 | +€31,518 | +1270.0% |
| Trade debts | 44 | €2,482 | €5,312 | +€2,830 | +114.0% |
| Suppliers | 440/4 | €2,482 | €5,312 | +€2,830 | +114.0% |
| Taxes, remuneration and social security | 45 | - | €28,688 | +€28,688 | |
| Taxes | 450/3 | - | €28,688 | +€28,688 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,232 | €0 | -€1,232 | -100.0% |
| Other operating charges | 640/8 | - | €1,428 | +€1,428 | |
| Gross operating margin | 9900 | -€1,250 | €89,984 | +€91,234 | |
| Operating profit (loss) | 9901 | -€2,482 | €88,556 | +€91,038 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | - | €1,221 | +€1,221 | |
| Recurring financial charges | 65 | - | €1,221 | +€1,221 | |
| Profit (loss) for the period before taxes | 9903 | -€2,482 | €87,335 | +€89,817 | |
| Income taxes | 67/77 | - | €18,932 | +€18,932 | |
| Profit (loss) for the period | 9904 | -€2,482 | €68,403 | +€70,885 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,482 | €68,403 | +€70,885 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.