KEGO SOLUTIONS: 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 SOLUTIONS
Largest movements
- Cash +€28,085
up €28,085 (+44.5%), from €63,142 to €91,227
mainly Net result for the year (+€34,847) and Other debts (+€30,332)
- Tangible fixed assets -€6,126
down €6,126 (-54.3%), from €11,282 to €5,156
- Other debts +€30,332
up €30,332 (+330%), from €9,184 to €39,515
- Profit (loss) carried forward -€22,825
no longer reported in 2025 (was €22,825)
- Tax, wage and social debts +€14,753
up €14,753 (+219%), from €6,722 to €21,475
- Gross operating margin +€18,349
up €18,349 (+51.0%), from €35,950 to €54,299
- Taxes +€6,242
up €6,242 (+102%), from €6,145 to €12,387
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 | €82,290 | €105,166 | +€22,876 | +27.8% |
| Fixed assets | 21/28 | €11,282 | €5,156 | -€6,126 | -54.3% |
| Tangible fixed assets | 22/27 | €11,282 | €5,156 | -€6,126 | -54.3% |
| Furniture and vehicles | 24 | €11,282 | €5,156 | -€6,126 | -54.3% |
| Current assets | 29/58 | €71,007 | €100,010 | +€29,002 | +40.8% |
| Amounts receivable within one year | 40/41 | €6,238 | €7,059 | +€821 | +13.2% |
| Trade receivables | 40 | €6,238 | €7,059 | +€821 | +13.2% |
| Cash at bank and in hand | 54/58 | €63,142 | €91,227 | +€28,085 | +44.5% |
| Deferred charges and accrued income | 490/1 | €1,628 | €1,724 | +€96 | +5.9% |
| Total equity and liabilities | 10/49 | €82,290 | €105,166 | +€22,876 | +27.8% |
| Equity | 10/15 | €65,531 | €42,705 | -€22,825 | -34.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €37,705 | €37,705 | = | 0.0% |
| Distributable reserves | 133 | €37,705 | €37,705 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,825 | - | -€22,825 | |
| Amounts payable | 17/49 | €16,759 | €62,461 | +€45,702 | +273% |
| Amounts payable within one year | 42/48 | €16,759 | €62,461 | +€45,702 | +273% |
| Trade debts | 44 | €853 | €1,470 | +€617 | +72.4% |
| Suppliers | 440/4 | €853 | €1,470 | +€617 | +72.4% |
| Taxes, remuneration and social security | 45 | €6,722 | €21,475 | +€14,753 | +219% |
| Taxes | 450/3 | €6,722 | €21,475 | +€14,753 | +219% |
| Other amounts payable | 47/48 | €9,184 | €39,515 | +€30,332 | +330% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,126 | €6,126 | = | 0.0% |
| Other operating charges | 640/8 | €853 | €942 | +€89 | +10.4% |
| Gross operating margin | 9900 | €35,950 | €54,299 | +€18,349 | +51.0% |
| Operating profit (loss) | 9901 | €28,970 | €47,230 | +€18,260 | +63.0% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Profit (loss) for the period before taxes | 9903 | €28,970 | €47,234 | +€18,264 | +63.0% |
| Income taxes | 67/77 | €6,145 | €12,387 | +€6,242 | +102% |
| Profit (loss) for the period | 9904 | €22,825 | €34,847 | +€12,022 | +52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,825 | €34,847 | +€12,022 | +52.7% |
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 18 October 2026 via checked.be.