KEBO: 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.
KEBO
Largest movements
- Cash -€23,053
down €23,053 (-86.6%), from €26,619 to €3,565
mainly Debts after one year (-€22,659) and Tax, wage and social debts (-€6,951)
- Tangible fixed assets -€8,401
down €8,401 (-33.8%), from €24,836 to €16,435
- Receivables within one year +€4,840
up €4,840 (+33.3%), from €14,520 to €19,360
- Debts after one year -€22,659
down €22,659 (-15.7%), from €144,383 to €121,724
of which Financial debts: -€22,659
- Profit (loss) carried forward +€8,297
up €8,297 (+15.3%), from €54,347 to €62,643
- Tax, wage and social debts -€6,951
down €6,951 (-30.3%), from €22,921 to €15,970
- Other debts -€5,020
down €5,020 (-34.5%), from €14,563 to €9,543
- Gross operating margin +€5,486
up €5,486 (+22.8%), from €24,060 to €29,546
- Taxes +€3,861
up €3,861 (+104%), from €3,699 to €7,560
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 | €276,011 | €249,397 | -€26,615 | -9.6% |
| Fixed assets | 21/28 | €234,836 | €226,435 | -€8,401 | -3.6% |
| Tangible fixed assets | 22/27 | €24,836 | €16,435 | -€8,401 | -33.8% |
| Furniture and vehicles | 24 | €24,836 | €16,435 | -€8,401 | -33.8% |
| Financial fixed assets | 28 | €210,000 | €210,000 | = | 0.0% |
| Current assets | 29/58 | €41,175 | €22,962 | -€18,213 | -44.2% |
| Amounts receivable within one year | 40/41 | €14,520 | €19,360 | +€4,840 | +33.3% |
| Trade receivables | 40 | €14,520 | €19,360 | +€4,840 | +33.3% |
| Cash at bank and in hand | 54/58 | €26,619 | €3,565 | -€23,053 | -86.6% |
| Deferred charges and accrued income | 490/1 | €37 | €37 | = | 0.0% |
| Total equity and liabilities | 10/49 | €276,011 | €249,397 | -€26,615 | -9.6% |
| Equity | 10/15 | €69,347 | €77,643 | +€8,297 | +12.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,347 | €62,643 | +€8,297 | +15.3% |
| Amounts payable | 17/49 | €206,665 | €171,753 | -€34,911 | -16.9% |
| Amounts payable after more than one year | 17 | €144,383 | €121,724 | -€22,659 | -15.7% |
| Financial debts | 170/4 | €114,383 | €91,724 | -€22,659 | -19.8% |
| Other amounts payable | 178/9 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €62,282 | €50,030 | -€12,252 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €24,094 | €24,517 | +€423 | +1.8% |
| Trade debts | 44 | €704 | - | -€704 | |
| Suppliers | 440/4 | €704 | - | -€704 | |
| Taxes, remuneration and social security | 45 | €22,921 | €15,970 | -€6,951 | -30.3% |
| Taxes | 450/3 | €22,921 | €15,970 | -€6,951 | -30.3% |
| Other amounts payable | 47/48 | €14,563 | €9,543 | -€5,020 | -34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,401 | €8,401 | = | 0.0% |
| Other operating charges | 640/8 | €394 | €436 | +€42 | +10.6% |
| Non-recurring operating charges | 66A | - | €220 | +€220 | |
| Gross operating margin | 9900 | €24,060 | €29,546 | +€5,486 | +22.8% |
| Operating profit (loss) | 9901 | €15,265 | €20,489 | +€5,224 | +34.2% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €4,719 | €4,632 | -€87 | -1.8% |
| Recurring financial charges | 65 | €4,719 | €4,632 | -€87 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €10,549 | €15,857 | +€5,308 | +50.3% |
| Income taxes | 67/77 | €3,699 | €7,560 | +€3,861 | +104% |
| Profit (loss) for the period | 9904 | €6,850 | €8,297 | +€1,447 | +21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,850 | €8,297 | +€1,447 | +21.1% |
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 17 October 2026 via checked.be.