KEGO CONSULTING: 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.
KEGO CONSULTING
Largest movements
- Cash +€5,363
up €5,363 (+8.3%), from €64,326 to €69,689
mainly Net result for the year (+€53,468) and Depreciation (+€1,412)
- Receivables within one year +€2,724
up €2,724 (+29.2%), from €9,317 to €12,041
- Tangible fixed assets -€1,412
down €1,412 (-24.9%), from €5,683 to €4,270
- Reserves +€53,468
new in 2025: €53,468
- Other debts -€41,831
down €41,831 (-66.5%), from €62,905 to €21,075
- Tax, wage and social debts -€6,488
down €6,488 (-37.8%), from €17,151 to €10,662
- Trade debts +€925
up €925, from €0 to €925
- Gross operating margin +€2,490
up €2,490 (+3.7%), from €67,422 to €69,911
- Financial charges -€1,544
down €1,544 (-92.2%), from €1,675 to €131
- Depreciation -€1,002
down €1,002 (-41.5%), from €2,414 to €1,412
- Taxes +€875
up €875 (+6.5%), from €13,565 to €14,440
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 | €80,056 | €86,131 | +€6,074 | +7.6% |
| Fixed assets | 21/28 | €5,683 | €4,270 | -€1,412 | -24.9% |
| Tangible fixed assets | 22/27 | €5,683 | €4,270 | -€1,412 | -24.9% |
| Plant, machinery and equipment | 23 | €490 | €0 | -€490 | -100% |
| Furniture and vehicles | 24 | €2,021 | €1,557 | -€465 | -23.0% |
| Other tangible fixed assets | 26 | €3,172 | €2,714 | -€458 | -14.4% |
| Current assets | 29/58 | €74,373 | €81,860 | +€7,487 | +10.1% |
| Amounts receivable within one year | 40/41 | €9,317 | €12,041 | +€2,724 | +29.2% |
| Trade receivables | 40 | €9,317 | €12,041 | +€2,724 | +29.2% |
| Cash at bank and in hand | 54/58 | €64,326 | €69,689 | +€5,363 | +8.3% |
| Deferred charges and accrued income | 490/1 | €730 | €130 | -€600 | -82.1% |
| Total equity and liabilities | 10/49 | €80,056 | €86,131 | +€6,074 | +7.6% |
| Equity | 10/15 | - | €53,468 | +€53,468 | |
| Reserves | 13 | - | €53,468 | +€53,468 | |
| Distributable reserves | 133 | - | €53,468 | +€53,468 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €80,056 | €32,662 | -€47,394 | -59.2% |
| Amounts payable within one year | 42/48 | €80,056 | €32,662 | -€47,394 | -59.2% |
| Trade debts | 44 | €0 | €925 | +€925 | |
| Suppliers | 440/4 | €0 | €925 | +€925 | |
| Taxes, remuneration and social security | 45 | €17,151 | €10,662 | -€6,488 | -37.8% |
| Taxes | 450/3 | €17,151 | €10,662 | -€6,488 | -37.8% |
| Other amounts payable | 47/48 | €62,905 | €21,075 | -€41,831 | -66.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,414 | €1,412 | -€1,002 | -41.5% |
| Other operating charges | 640/8 | €622 | €649 | +€26 | +4.2% |
| Gross operating margin | 9900 | €67,422 | €69,911 | +€2,490 | +3.7% |
| Operating profit (loss) | 9901 | €64,385 | €67,851 | +€3,465 | +5.4% |
| Financial income | 75/76B | €60 | €189 | +€130 | +217% |
| Recurring financial income | 75 | €60 | €189 | +€130 | +217% |
| Financial charges | 65/66B | €1,675 | €131 | -€1,544 | -92.2% |
| Recurring financial charges | 65 | €1,675 | €131 | -€1,544 | -92.2% |
| Profit (loss) for the period before taxes | 9903 | €62,770 | €67,909 | +€5,138 | +8.2% |
| Income taxes | 67/77 | €13,565 | €14,440 | +€875 | +6.5% |
| Profit (loss) for the period | 9904 | €49,205 | €53,468 | +€4,263 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,205 | €53,468 | +€4,263 | +8.7% |
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 19 October 2026 via checked.be.