KEGIL: 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.
KEGIL
Largest movements
- Current investments +€27,075
up €27,075 (+428.3%), from €6,321 to €33,397
- Tangible fixed assets -€8,073
down €8,073 (-21.0%), from €38,399 to €30,326
of which Furniture and vehicles: -€7,605
- Cash +€3,909
up €3,909 (+50.7%), from €7,717 to €11,625
mainly Net result for the year (+€34,606) and Depreciation (+€12,258)
- Receivables within one year -€1,048
down €1,048 (-7.2%), from €14,462 to €13,414
of which Trade receivables: -€701
- Reserves +€30,000
up €30,000 (+1532.2%), from €1,958 to €31,958
of which Distributable reserves: +€30,000
- Other debts -€12,967
down €12,967 (-61.9%), from €20,962 to €7,995
- Profit (loss) carried forward +€4,606
up €4,606 (+18.4%), from €25,062 to €29,668
- Gross operating margin +€52,837
up €52,837 (+268.4%), from €19,683 to €72,520
- Taxes +€14,815
up €14,815 (+1035.3%), from €1,431 to €16,246
- Depreciation +€6,089
up €6,089 (+98.7%), from €6,168 to €12,258
- Staff costs +€1,900
up €1,900 (+26.0%), from €7,300 to €9,200
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 | €66,898 | €88,762 | +€21,863 | +32.7% |
| Fixed assets | 21/28 | €38,399 | €30,326 | -€8,073 | -21.0% |
| Tangible fixed assets | 22/27 | €38,399 | €30,326 | -€8,073 | -21.0% |
| Plant, machinery and equipment | 23 | €468 | - | -€468 | |
| Furniture and vehicles | 24 | €37,931 | €30,326 | -€7,605 | -20.0% |
| Current assets | 29/58 | €28,500 | €58,436 | +€29,936 | +105.0% |
| Amounts receivable within one year | 40/41 | €14,462 | €13,414 | -€1,048 | -7.2% |
| Trade receivables | 40 | €13,632 | €12,931 | -€701 | -5.1% |
| Other amounts receivable | 41 | €830 | €483 | -€346 | -41.8% |
| Current investments | 50/53 | €6,321 | €33,397 | +€27,075 | +428.3% |
| Cash at bank and in hand | 54/58 | €7,717 | €11,625 | +€3,909 | +50.7% |
| Total equity and liabilities | 10/49 | €66,898 | €88,762 | +€21,863 | +32.7% |
| Equity | 10/15 | €45,620 | €80,226 | +€34,606 | +75.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,958 | €31,958 | +€30,000 | +1532.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €98 | €98 | = | 0.0% |
| Distributable reserves | 133 | - | €30,000 | +€30,000 | |
| Profit (loss) carried forward | 14 | €25,062 | €29,668 | +€4,606 | +18.4% |
| Amounts payable | 17/49 | €21,279 | €8,536 | -€12,743 | -59.9% |
| Amounts payable within one year | 42/48 | €21,279 | €8,536 | -€12,743 | -59.9% |
| Trade debts | 44 | €316 | €541 | +€225 | +71.1% |
| Suppliers | 440/4 | €316 | €541 | +€225 | +71.1% |
| Other amounts payable | 47/48 | €20,962 | €7,995 | -€12,967 | -61.9% |
| Remuneration, social security and pensions | 62 | €7,300 | €9,200 | +€1,900 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,168 | €12,258 | +€6,089 | +98.7% |
| Other operating charges | 640/8 | €236 | €240 | +€4 | +1.7% |
| Gross operating margin | 9900 | €19,683 | €72,520 | +€52,837 | +268.4% |
| Operating profit (loss) | 9901 | €5,978 | €50,822 | +€44,843 | +750.1% |
| Financial income | 75/76B | €76 | €75 | -€1 | -1.5% |
| Recurring financial income | 75 | €76 | €75 | -€1 | -1.5% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €6,010 | €50,852 | +€44,842 | +746.2% |
| Income taxes | 67/77 | €1,431 | €16,246 | +€14,815 | +1035.3% |
| Profit (loss) for the period | 9904 | €4,579 | €34,606 | +€30,027 | +655.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,579 | €34,606 | +€30,027 | +655.8% |
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 9 October 2026 via checked.be.