KEBEMA: 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.
KEBEMA
Largest movements
- Cash -€42,095
down €42,095 (-60.3%), from €69,793 to €27,699
mainly Contributions, distributions and other (-€43,582) and Net result for the year (-€27,204)
- Tangible fixed assets -€26,864
down €26,864 (-10.2%), from €262,912 to €236,048
- Contributions -€43,582
down €43,582 (-10.9%), from €400,000 to €356,418
- Profit (loss) carried forward -€15,157
down €15,157 (-18.2%), from -€83,367 to -€98,524
- Reserves -€12,047
no longer reported in 2025 (was €12,047)
- Gross operating margin -€21,845
down €21,845 (-84.0%), from €26,006 to €4,161
- Other operating charges +€535
up €535 (+13.1%), from €4,087 to €4,621
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 | €332,705 | €263,746 | -€68,958 | -20.7% |
| Fixed assets | 21/28 | €262,912 | €236,048 | -€26,864 | -10.2% |
| Tangible fixed assets | 22/27 | €262,912 | €236,048 | -€26,864 | -10.2% |
| Land and buildings | 22 | €262,912 | €236,048 | -€26,864 | -10.2% |
| Current assets | 29/58 | €69,793 | €27,699 | -€42,095 | -60.3% |
| Cash at bank and in hand | 54/58 | €69,793 | €27,699 | -€42,095 | -60.3% |
| Total equity and liabilities | 10/49 | €332,705 | €263,746 | -€68,958 | -20.7% |
| Equity | 10/15 | €328,680 | €257,894 | -€70,786 | -21.5% |
| Contributions | 10/11 | €400,000 | €356,418 | -€43,582 | -10.9% |
| Reserves | 13 | €12,047 | - | -€12,047 | |
| Distributable reserves | 133 | €12,047 | - | -€12,047 | |
| Profit (loss) carried forward | 14 | -€83,367 | -€98,524 | -€15,157 | -18.2% |
| Amounts payable | 17/49 | €4,025 | €5,852 | +€1,828 | +45.4% |
| Amounts payable within one year | 42/48 | €4,025 | €5,852 | +€1,828 | +45.4% |
| Trade debts | 44 | €4,025 | €5,507 | +€1,482 | +36.8% |
| Suppliers | 440/4 | €4,025 | €5,507 | +€1,482 | +36.8% |
| Taxes, remuneration and social security | 45 | - | €345 | +€345 | |
| Taxes | 450/3 | - | €345 | +€345 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,788 | €26,864 | +€76 | +0.3% |
| Other operating charges | 640/8 | €4,087 | €4,621 | +€535 | +13.1% |
| Gross operating margin | 9900 | €26,006 | €4,161 | -€21,845 | -84.0% |
| Operating profit (loss) | 9901 | -€4,869 | -€27,324 | -€22,456 | -461.2% |
| Financial income | 75/76B | €163 | €294 | +€131 | +80.2% |
| Recurring financial income | 75 | €163 | €294 | +€131 | +80.2% |
| Financial charges | 65/66B | €176 | €174 | -€2 | -1.4% |
| Recurring financial charges | 65 | €176 | €174 | -€2 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,882 | -€27,204 | -€22,322 | -457.3% |
| Profit (loss) for the period | 9904 | -€4,882 | -€27,204 | -€22,322 | -457.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,882 | -€27,204 | -€22,322 | -457.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.