KEGELS TECHNICS: 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.
KEGELS TECHNICS
Largest movements
- Tangible fixed assets -€7,321
down €7,321 (-22.6%), from €32,449 to €25,128
of which Leasing and similar rights: -€4,376
- Reserves +€18,104
up €18,104 (+10.3%), from €176,193 to €194,297
- Tax, wage and social debts -€10,196
down €10,196 (-34.0%), from €29,980 to €19,784
- Other debts -€7,988
down €7,988 (-3.7%), from €217,147 to €209,159
- Gross operating margin -€5,172
down €5,172 (-10.8%), from €47,941 to €42,769
- Taxes -€1,307
down €1,307 (-13.3%), from €9,847 to €8,539
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 | €669,805 | €663,184 | -€6,621 | -1.0% |
| Fixed assets | 21/28 | €648,849 | €641,528 | -€7,321 | -1.1% |
| Tangible fixed assets | 22/27 | €32,449 | €25,128 | -€7,321 | -22.6% |
| Plant, machinery and equipment | 23 | €11,634 | €9,983 | -€1,650 | -14.2% |
| Furniture and vehicles | 24 | €5,134 | €3,840 | -€1,295 | -25.2% |
| Leasing and similar rights | 25 | €15,681 | €11,305 | -€4,376 | -27.9% |
| Financial fixed assets | 28 | €616,400 | €616,400 | = | 0.0% |
| Current assets | 29/58 | €20,956 | €21,656 | +€700 | +3.3% |
| Amounts receivable within one year | 40/41 | €15,683 | €16,080 | +€397 | +2.5% |
| Trade receivables | 40 | €15,683 | €16,080 | +€397 | +2.5% |
| Cash at bank and in hand | 54/58 | €3,673 | €3,949 | +€277 | +7.5% |
| Deferred charges and accrued income | 490/1 | €1,601 | €1,627 | +€26 | +1.7% |
| Total equity and liabilities | 10/49 | €669,805 | €663,184 | -€6,621 | -1.0% |
| Equity | 10/15 | €404,993 | €423,097 | +€18,104 | +4.5% |
| Contributions | 10/11 | €228,800 | €228,800 | = | 0.0% |
| Reserves | 13 | €176,193 | €194,297 | +€18,104 | +10.3% |
| Distributable reserves | 133 | €176,193 | €194,297 | +€18,104 | +10.3% |
| Amounts payable | 17/49 | €264,812 | €240,087 | -€24,725 | -9.3% |
| Amounts payable after more than one year | 17 | €7,977 | €3,558 | -€4,419 | -55.4% |
| Financial debts | 170/4 | €7,977 | €3,558 | -€4,419 | -55.4% |
| Amounts payable within one year | 42/48 | €256,835 | €236,529 | -€20,306 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €4,200 | €4,419 | +€219 | +5.2% |
| Trade debts | 44 | €5,508 | €3,167 | -€2,341 | -42.5% |
| Suppliers | 440/4 | €5,508 | €3,167 | -€2,341 | -42.5% |
| Taxes, remuneration and social security | 45 | €29,980 | €19,784 | -€10,196 | -34.0% |
| Taxes | 450/3 | €29,980 | €19,784 | -€10,196 | -34.0% |
| Other amounts payable | 47/48 | €217,147 | €209,159 | -€7,988 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,321 | €7,321 | = | 0.0% |
| Other operating charges | 640/8 | €794 | €923 | +€129 | +16.2% |
| Gross operating margin | 9900 | €47,941 | €42,769 | -€5,172 | -10.8% |
| Operating profit (loss) | 9901 | €39,826 | €34,525 | -€5,301 | -13.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €7,643 | €7,883 | +€240 | +3.1% |
| Recurring financial charges | 65 | €7,643 | €7,883 | +€240 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €32,183 | €26,643 | -€5,540 | -17.2% |
| Income taxes | 67/77 | €9,847 | €8,539 | -€1,307 | -13.3% |
| Profit (loss) for the period | 9904 | €22,336 | €18,104 | -€4,233 | -18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,336 | €18,104 | -€4,233 | -18.9% |
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 25 October 2026 via checked.be.