KEBOLA: 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.
KEBOLA
Largest movements
- Cash -€24,502
down €24,502 (-39.8%), from €61,509 to €37,007
mainly Other debts (-€30,000) and Contributions, distributions and other (-€20,000)
- Tangible fixed assets -€16,965
down €16,965 (-16.4%), from €103,409 to €86,444
- Receivables within one year +€2,556
new in 2025: €2,556
- Other debts -€30,000
down €30,000 (-60.0%), from €50,000 to €20,000
- Profit (loss) carried forward -€8,987
down €8,987 (-12.0%), from €74,762 to €65,775
- Turnover +€5,652
up €5,652 (+12.8%), from €44,157 to €49,809
- Taxes +€1,455
up €1,455 (+61.9%), from €2,350 to €3,804
- Services and other goods -€618
down €618 (-6.0%), from €10,276 to €9,658
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 | €164,918 | €126,007 | -€38,911 | -23.6% |
| Fixed assets | 21/28 | €103,409 | €86,444 | -€16,965 | -16.4% |
| Tangible fixed assets | 22/27 | €103,409 | €86,444 | -€16,965 | -16.4% |
| Land and buildings | 22 | €103,409 | €86,444 | -€16,965 | -16.4% |
| Current assets | 29/58 | €61,509 | €39,563 | -€21,946 | -35.7% |
| Amounts receivable within one year | 40/41 | - | €2,556 | +€2,556 | |
| Trade receivables | 40 | - | €2,556 | +€2,556 | |
| Cash at bank and in hand | 54/58 | €61,509 | €37,007 | -€24,502 | -39.8% |
| Total equity and liabilities | 10/49 | €164,918 | €126,007 | -€38,911 | -23.6% |
| Equity | 10/15 | €107,762 | €98,775 | -€8,987 | -8.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Capital | 10 | €30,000 | €30,000 | = | 0.0% |
| Issued capital | 100 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Legal reserve | 130 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,762 | €65,775 | -€8,987 | -12.0% |
| Amounts payable | 17/49 | €57,155 | €27,232 | -€29,924 | -52.4% |
| Amounts payable within one year | 42/48 | €57,155 | €27,232 | -€29,924 | -52.4% |
| Trade debts | 44 | €2,737 | €3,077 | +€340 | +12.4% |
| Suppliers | 440/4 | €2,737 | €3,077 | +€340 | +12.4% |
| Taxes, remuneration and social security | 45 | €4,418 | €4,154 | -€264 | -6.0% |
| Taxes | 450/3 | €4,418 | €4,154 | -€264 | -6.0% |
| Other amounts payable | 47/48 | €50,000 | €20,000 | -€30,000 | -60.0% |
| Operating income | 70/76A | €44,157 | €49,980 | +€5,823 | +13.2% |
| Turnover | 70 | €44,157 | €49,809 | +€5,652 | +12.8% |
| Other operating income | 74 | - | €171 | +€171 | |
| Operating charges | 60/66A | €35,354 | €34,830 | -€524 | -1.5% |
| Services and other goods | 61 | €10,276 | €9,658 | -€618 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,508 | €24,588 | +€79 | +0.3% |
| Other operating charges | 640/8 | €570 | €585 | +€14 | +2.5% |
| Operating profit (loss) | 9901 | €8,803 | €15,150 | +€6,347 | +72.1% |
| Financial charges | 65/66B | €180 | €333 | +€153 | +85.0% |
| Recurring financial charges | 65 | €180 | €333 | +€153 | +85.0% |
| Other financial charges | 652/9 | €180 | €333 | +€153 | +85.0% |
| Profit (loss) for the period before taxes | 9903 | €8,623 | €14,817 | +€6,194 | +71.8% |
| Income taxes | 67/77 | €2,350 | €3,804 | +€1,455 | +61.9% |
| Taxes | 670/3 | €2,350 | €3,804 | +€1,455 | +61.9% |
| Profit (loss) for the period | 9904 | €6,273 | €11,013 | +€4,740 | +75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,273 | €11,013 | +€4,740 | +75.5% |
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.