KEI CONSULT: 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.
KEI CONSULT
Largest movements
- Receivables within one year -€15,380
down €15,380 (-52.5%), from €29,308 to €13,928
of which Trade receivables: -€17,351
- Deferred charges and accrued income -€7,859
down €7,859 (-81.7%), from €9,621 to €1,762
- Cash +€3,847
up €3,847 (+5.5%), from €70,058 to €73,905
mainly Net result for the year (+€15,874) and Receivables within one year (+€15,380)
- Other debts -€16,078
down €16,078 (-55.9%), from €28,753 to €12,675
- Tax, wage and social debts -€2,519
down €2,519 (-20.5%), from €12,314 to €9,795
of which Remuneration and social security: -€2,710
- Gross operating margin -€21,497
down €21,497 (-46.7%), from €46,038 to €24,541
- Taxes -€3,164
down €3,164 (-35.7%), from €8,851 to €5,688
- Financial income +€1,041
new in 2025: €1,041
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 | €113,811 | €95,072 | -€18,739 | -16.5% |
| Fixed assets | 21/28 | €4,824 | €5,476 | +€652 | +13.5% |
| Tangible fixed assets | 22/27 | €3,824 | €4,476 | +€652 | +17.1% |
| Plant, machinery and equipment | 23 | €1,731 | €1,144 | -€587 | -33.9% |
| Furniture and vehicles | 24 | €2,093 | €3,332 | +€1,239 | +59.2% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €108,987 | €89,596 | -€19,391 | -17.8% |
| Amounts receivable within one year | 40/41 | €29,308 | €13,928 | -€15,380 | -52.5% |
| Trade receivables | 40 | €28,967 | €11,616 | -€17,351 | -59.9% |
| Other amounts receivable | 41 | €341 | €2,312 | +€1,971 | +578% |
| Cash at bank and in hand | 54/58 | €70,058 | €73,905 | +€3,847 | +5.5% |
| Deferred charges and accrued income | 490/1 | €9,621 | €1,762 | -€7,859 | -81.7% |
| Total equity and liabilities | 10/49 | €113,811 | €95,072 | -€18,739 | -16.5% |
| Equity | 10/15 | €71,386 | €72,260 | +€874 | +1.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €52,836 | €53,710 | +€874 | +1.7% |
| Non-distributable reserves | 130/1 | €1,200 | €1,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,200 | €1,200 | = | 0.0% |
| Distributable reserves | 133 | €51,636 | €52,510 | +€874 | +1.7% |
| Amounts payable | 17/49 | €42,425 | €22,812 | -€19,613 | -46.2% |
| Amounts payable within one year | 42/48 | €42,425 | €22,812 | -€19,613 | -46.2% |
| Trade debts | 44 | €1,358 | €341 | -€1,016 | -74.9% |
| Suppliers | 440/4 | €1,358 | €341 | -€1,016 | -74.9% |
| Taxes, remuneration and social security | 45 | €12,314 | €9,795 | -€2,519 | -20.5% |
| Taxes | 450/3 | €9,604 | €9,795 | +€191 | +2.0% |
| Remuneration and social security | 454/9 | €2,710 | - | -€2,710 | |
| Other amounts payable | 47/48 | €28,753 | €12,675 | -€16,078 | -55.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,303 | €1,374 | +€71 | +5.5% |
| Other operating charges | 640/8 | €1,005 | €879 | -€126 | -12.5% |
| Gross operating margin | 9900 | €46,038 | €24,541 | -€21,497 | -46.7% |
| Operating profit (loss) | 9901 | €43,731 | €22,288 | -€21,443 | -49.0% |
| Financial income | 75/76B | - | €1,041 | +€1,041 | |
| Recurring financial income | 75 | - | €1,041 | +€1,041 | |
| Financial charges | 65/66B | €2,102 | €1,767 | -€335 | -15.9% |
| Recurring financial charges | 65 | €2,102 | €1,767 | -€335 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €41,628 | €21,562 | -€20,066 | -48.2% |
| Income taxes | 67/77 | €8,851 | €5,688 | -€3,164 | -35.7% |
| Profit (loss) for the period | 9904 | €32,777 | €15,874 | -€16,903 | -51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,777 | €15,874 | -€16,903 | -51.6% |
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 29 October 2026 via checked.be.