KeBeK Advisory: 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.
KeBeK Advisory
Largest movements
- Current investments +€1.0m
new in 2025: €1.0m
- Cash -€49,201
down €49,201 (-15.7%), from €314,221 to €265,020
mainly Current investments (-€1.0m) and Investment in fixed assets (net) (-€9,631)
- Profit (loss) carried forward +€768,839
up €768,839 (+380%), from €202,410 to €971,250
- Tax, wage and social debts +€194,370
up €194,370 (+267%), from €72,906 to €267,276
- Gross operating margin +€731,956
up €731,956 (+263%), from €278,592 to €1.0m
- Taxes +€174,259
up €174,259 (+251%), from €69,529 to €243,788
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 | €342,967 | €1,306,815 | +€963,848 | +281% |
| Fixed assets | 21/28 | €25,000 | €33,748 | +€8,748 | +35.0% |
| Intangible fixed assets | 21 | - | €8,748 | +€8,748 | |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €317,967 | €1,273,066 | +€955,100 | +300% |
| Current investments | 50/53 | - | €1,000,000 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €314,221 | €265,020 | -€49,201 | -15.7% |
| Deferred charges and accrued income | 490/1 | €3,745 | €8,046 | +€4,301 | +115% |
| Total equity and liabilities | 10/49 | €342,967 | €1,306,815 | +€963,848 | +281% |
| Equity | 10/15 | €270,060 | €1,038,900 | +€768,839 | +285% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €202,410 | €971,250 | +€768,839 | +380% |
| Amounts payable | 17/49 | €72,906 | €267,915 | +€195,009 | +267% |
| Amounts payable within one year | 42/48 | €72,906 | €267,915 | +€195,009 | +267% |
| Trade debts | 44 | - | €639 | +€639 | |
| Suppliers | 440/4 | - | €639 | +€639 | |
| Taxes, remuneration and social security | 45 | €72,906 | €267,276 | +€194,370 | +267% |
| Taxes | 450/3 | €72,906 | €267,276 | +€194,370 | +267% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €882 | +€882 | |
| Other operating charges | 640/8 | €387 | €539 | +€152 | +39.2% |
| Gross operating margin | 9900 | €278,592 | €1,010,548 | +€731,956 | +263% |
| Operating profit (loss) | 9901 | €278,204 | €1,009,126 | +€730,922 | +263% |
| Financial income | 75/76B | - | €3,755 | +€3,755 | |
| Recurring financial income | 75 | - | €3,755 | +€3,755 | |
| Financial charges | 65/66B | €115 | €254 | +€139 | +121% |
| Recurring financial charges | 65 | €115 | €254 | +€139 | +121% |
| Profit (loss) for the period before taxes | 9903 | €278,089 | €1,012,628 | +€734,538 | +264% |
| Income taxes | 67/77 | €69,529 | €243,788 | +€174,259 | +251% |
| Profit (loss) for the period | 9904 | €208,560 | €768,839 | +€560,279 | +269% |
| Profit (loss) for the period to be appropriated | 9905 | €208,560 | €768,839 | +€560,279 | +269% |
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 20 October 2026 via checked.be.