KeBeK IV: 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 IV
Largest movements
- Financial fixed assets +€5.4m
up €5.4m (+123%), from €4.4m to €9.8m
- Cash +€969,768
up €969,768 (+184%), from €527,598 to €1.5m
mainly Contributions, distributions and other (+€9.1m) and Smaller working-capital items (+€4,679)
- Contributions +€9.1m
up €9.1m (+164%), from €5.6m to €14.7m
of which Capital: +€9.0m
- Profit (loss) carried forward -€2.7m
down €2.7m (-435%), from -€631,725 to -€3.4m
- Financial charges +€1.1m
up €1.1m (+4,954,047%), from €23 to €1.1m
of which Non-recurring financial charges: +€1.1m
- Services and other goods +€1.0m
up €1.0m (+161%), from €632,864 to €1.7m
- Turnover +€20,951
up €20,951 (+1,353%), from €1,549 to €22,500
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 | €4,936,340 | €11,320,719 | +€6.4m | +129% |
| Fixed assets | 21/28 | €4,400,000 | €9,812,456 | +€5.4m | +123% |
| Financial fixed assets | 28 | €4,400,000 | €9,812,456 | +€5.4m | +123% |
| Affiliated companies | 280/1 | €4,400,000 | €9,812,456 | +€5.4m | +123% |
| Participating interests | 280 | €4,400,000 | €9,812,456 | +€5.4m | +123% |
| Current assets | 29/58 | €536,340 | €1,508,263 | +€971,923 | +181% |
| Amounts receivable within one year | 40/41 | €8,741 | €10,896 | +€2,155 | +24.7% |
| Trade receivables | 40 | - | €5,000 | +€5,000 | |
| Other amounts receivable | 41 | €8,741 | €5,896 | -€2,845 | -32.5% |
| Cash at bank and in hand | 54/58 | €527,598 | €1,497,367 | +€969,768 | +184% |
| Total equity and liabilities | 10/49 | €4,936,340 | €11,320,719 | +€6.4m | +129% |
| Equity | 10/15 | €4,928,507 | €11,306,052 | +€6.4m | +129% |
| Contributions | 10/11 | €5,560,232 | €14,684,507 | +€9.1m | +164% |
| Capital | 10 | €5,556,475 | €14,533,100 | +€9.0m | +162% |
| Issued capital | 100 | €5,556,475 | €14,533,100 | +€9.0m | +162% |
| Contributions outside capital | 11 | €3,757 | €151,407 | +€147,650 | +3,930% |
| Share premium | 1100/10 | €3,757 | €151,407 | +€147,650 | +3,930% |
| Profit (loss) carried forward | 14 | -€631,725 | -€3,378,455 | -€2.7m | -435% |
| Amounts payable | 17/49 | €7,833 | €14,667 | +€6,835 | +87.3% |
| Amounts payable within one year | 42/48 | €7,833 | €14,635 | +€6,802 | +86.8% |
| Trade debts | 44 | €7,833 | €14,635 | +€6,802 | +86.8% |
| Suppliers | 440/4 | €7,833 | €14,635 | +€6,802 | +86.8% |
| Accrued charges and deferred income | 492/3 | - | €33 | +€33 | |
| Operating income | 70/76A | €1,549 | €22,500 | +€20,951 | +1,353% |
| Turnover | 70 | €1,549 | €22,500 | +€20,951 | +1,353% |
| Operating charges | 60/66A | €633,251 | €1,654,547 | +€1.0m | +161% |
| Services and other goods | 61 | €632,864 | €1,654,148 | +€1.0m | +161% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Operating profit (loss) | 9901 | -€631,703 | -€1,632,047 | -€1.0m | -158% |
| Financial charges | 65/66B | €23 | €1,114,683 | +€1.1m | +4,954,047% |
| Recurring financial charges | 65 | €23 | €204 | +€182 | +807% |
| Other financial charges | 652/9 | €23 | €204 | +€182 | +807% |
| Non-recurring financial charges | 66B | - | €1,114,479 | +€1.1m | |
| Profit (loss) for the period before taxes | 9903 | -€631,725 | -€2,746,730 | -€2.1m | -335% |
| Profit (loss) for the period | 9904 | -€631,725 | -€2,746,730 | -€2.1m | -335% |
| Profit (loss) for the period to be appropriated | 9905 | -€631,725 | -€2,746,730 | -€2.1m | -335% |
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 27 October 2026 via checked.be.