KEDAI: 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.
KEDAI
Largest movements
- Cash -€10,963
down €10,963 (-83.2%), from €13,181 to €2,218
mainly Other debts (-€16,057) and Investment in fixed assets (net) (-€12,968)
- Tangible fixed assets +€2,689
up €2,689 (+8.6%), from €31,125 to €33,814
of which Furniture and vehicles: +€2,966
- Stocks and contracts -€1,355
down €1,355 (-17.3%), from €7,835 to €6,480
- Other debts -€16,057
down €16,057 (-57.6%), from €27,854 to €11,796
- Trade debts +€5,413
new in 2025: €5,413
- Reserves +€2,001
up €2,001 (+24.9%), from €8,040 to €10,041
of which Distributable reserves: +€2,001
- Tax, wage and social debts -€591
down €591 (-66.6%), from €887 to €296
of which Taxes: -€701
- Turnover +€14,365
up €14,365 (+6.2%), from €231,074 to €245,439
- Gross operating margin +€7,923
up €7,923 (+81.6%), from €9,708 to €17,631
- Depreciation +€7,109
up €7,109 (+224%), from €3,171 to €10,279
- Purchases and services +€6,442
up €6,442 (+2.9%), from €221,366 to €227,808
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 | €55,381 | €46,147 | -€9,234 | -16.7% |
| Fixed assets | 21/28 | €31,125 | €33,814 | +€2,689 | +8.6% |
| Tangible fixed assets | 22/27 | €31,125 | €33,814 | +€2,689 | +8.6% |
| Plant, machinery and equipment | 23 | €439 | €162 | -€278 | -63.2% |
| Furniture and vehicles | 24 | €30,686 | €33,652 | +€2,966 | +9.7% |
| Current assets | 29/58 | €24,256 | €12,333 | -€11,923 | -49.2% |
| Stocks and contracts in progress | 3 | €7,835 | €6,480 | -€1,355 | -17.3% |
| Stocks | 30/36 | €7,835 | €6,480 | -€1,355 | -17.3% |
| Amounts receivable within one year | 40/41 | €3,240 | €3,635 | +€395 | +12.2% |
| Trade receivables | 40 | €2,078 | - | -€2,078 | |
| Other amounts receivable | 41 | €1,162 | €3,635 | +€2,473 | +213% |
| Cash at bank and in hand | 54/58 | €13,181 | €2,218 | -€10,963 | -83.2% |
| Total equity and liabilities | 10/49 | €55,381 | €46,147 | -€9,234 | -16.7% |
| Equity | 10/15 | €26,640 | €28,641 | +€2,001 | +7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,040 | €10,041 | +€2,001 | +24.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €6,180 | €8,181 | +€2,001 | +32.4% |
| Amounts payable | 17/49 | €28,741 | €17,506 | -€11,235 | -39.1% |
| Amounts payable within one year | 42/48 | €28,741 | €17,506 | -€11,235 | -39.1% |
| Trade debts | 44 | - | €5,413 | +€5,413 | |
| Suppliers | 440/4 | - | €5,413 | +€5,413 | |
| Taxes, remuneration and social security | 45 | €887 | €296 | -€591 | -66.6% |
| Taxes | 450/3 | €887 | €186 | -€701 | -79.0% |
| Remuneration and social security | 454/9 | - | €110 | +€110 | |
| Other amounts payable | 47/48 | €27,854 | €11,796 | -€16,057 | -57.6% |
| Turnover | 70 | €231,074 | €245,439 | +€14,365 | +6.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €221,366 | €227,808 | +€6,442 | +2.9% |
| Remuneration, social security and pensions | 62 | - | €1,030 | +€1,030 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,171 | €10,279 | +€7,109 | +224% |
| Other operating charges | 640/8 | €682 | €923 | +€241 | +35.3% |
| Non-recurring operating charges | 66A | €74 | - | -€74 | |
| Gross operating margin | 9900 | €9,708 | €17,631 | +€7,923 | +81.6% |
| Operating profit (loss) | 9901 | €5,782 | €5,399 | -€383 | -6.6% |
| Financial income | 75/76B | €8 | €5 | -€2 | -30.7% |
| Recurring financial income | 75 | €8 | €5 | -€2 | -30.7% |
| Financial charges | 65/66B | €3,297 | €2,903 | -€394 | -12.0% |
| Recurring financial charges | 65 | €3,297 | €2,903 | -€394 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €2,492 | €2,502 | +€9 | +0.4% |
| Income taxes | 67/77 | €625 | €500 | -€125 | -20.0% |
| Profit (loss) for the period | 9904 | €1,867 | €2,001 | +€134 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,867 | €2,001 | +€134 | +7.2% |
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.