KELA 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.
KELA Solutions
Largest movements
- Tangible fixed assets +€28,549
up €28,549 (+1,207%), from €2,365 to €30,914
of which Furniture and vehicles: +€23,603
- Receivables within one year +€2,233
up €2,233 (+44.6%), from €5,005 to €7,238
of which Trade receivables: +€2,427
- Cash -€1,026
down €1,026 (-18.1%), from €5,661 to €4,635
mainly Investment in fixed assets (net) (-€34,819) and Net result for the year (-€4,675)
- Deferred charges and accrued income +€559
up €559 (+18.9%), from €2,964 to €3,523
- Debts after one year +€23,280
up €23,280 (+1,047%), from €2,224 to €25,504
- Current portion of long-term debt +€9,359
up €9,359 (+1,521%), from €616 to €9,975
- Profit (loss) carried forward -€4,675
down €4,675 (-208%), from -€2,243 to -€6,917
- Trade debts +€1,910
up €1,910 (+16.4%), from €11,660 to €13,571
- Accrued charges and deferred income +€744
up €744 (+508%), from €147 to €891
- Gross operating margin +€7,804
up €7,804, from -€840 to €6,964
- Depreciation +€5,753
up €5,753 (+976%), from €589 to €6,343
- Financial charges +€3,792
up €3,792 (+1,387%), from €273 to €4,065
- Other operating charges +€366
up €366 (+58.1%), from €630 to €997
- Taxes +€176
up €176 (+295%), from €60 to €235
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,358 | €46,600 | +€30,243 | +185% |
| Formation expenses | 20 | €363 | - | -€363 | |
| Fixed assets | 21/28 | €2,365 | €31,204 | +€28,839 | +1,219% |
| Tangible fixed assets | 22/27 | €2,365 | €30,914 | +€28,549 | +1,207% |
| Plant, machinery and equipment | 23 | - | €446 | +€446 | |
| Furniture and vehicles | 24 | €2,365 | €25,968 | +€23,603 | +998% |
| Other tangible fixed assets | 26 | - | €4,500 | +€4,500 | |
| Financial fixed assets | 28 | - | €290 | +€290 | |
| Current assets | 29/58 | €13,630 | €15,396 | +€1,766 | +13.0% |
| Amounts receivable within one year | 40/41 | €5,005 | €7,238 | +€2,233 | +44.6% |
| Trade receivables | 40 | €3,049 | €5,476 | +€2,427 | +79.6% |
| Other amounts receivable | 41 | €1,956 | €1,762 | -€194 | -9.9% |
| Cash at bank and in hand | 54/58 | €5,661 | €4,635 | -€1,026 | -18.1% |
| Deferred charges and accrued income | 490/1 | €2,964 | €3,523 | +€559 | +18.9% |
| Total equity and liabilities | 10/49 | €16,358 | €46,600 | +€30,243 | +185% |
| Equity | 10/15 | €257 | -€4,417 | -€4,675 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,243 | -€6,917 | -€4,675 | -208% |
| Amounts payable | 17/49 | €16,100 | €51,018 | +€34,917 | +217% |
| Amounts payable after more than one year | 17 | €2,224 | €25,504 | +€23,280 | +1,047% |
| Financial debts | 170/4 | €2,224 | €25,504 | +€23,280 | +1,047% |
| Amounts payable within one year | 42/48 | €13,730 | €24,623 | +€10,893 | +79.3% |
| Current portion of amounts payable after more than one year | 42 | €616 | €9,975 | +€9,359 | +1,521% |
| Trade debts | 44 | €11,660 | €13,571 | +€1,910 | +16.4% |
| Suppliers | 440/4 | €11,660 | €13,571 | +€1,910 | +16.4% |
| Taxes, remuneration and social security | 45 | €823 | €1,059 | +€235 | +28.6% |
| Taxes | 450/3 | €823 | €1,059 | +€235 | +28.6% |
| Other amounts payable | 47/48 | €631 | €19 | -€612 | -97.0% |
| Accrued charges and deferred income | 492/3 | €147 | €891 | +€744 | +508% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €589 | €6,343 | +€5,753 | +976% |
| Other operating charges | 640/8 | €630 | €997 | +€366 | +58.1% |
| Gross operating margin | 9900 | -€840 | €6,964 | +€7,804 | |
| Operating profit (loss) | 9901 | -€2,060 | -€375 | +€1,685 | +81.8% |
| Financial income | 75/76B | €150 | €0 | -€150 | -99.8% |
| Recurring financial income | 75 | €150 | €0 | -€150 | -99.8% |
| Financial charges | 65/66B | €273 | €4,065 | +€3,792 | +1,387% |
| Recurring financial charges | 65 | €273 | €4,065 | +€3,792 | +1,387% |
| Profit (loss) for the period before taxes | 9903 | -€2,183 | -€4,439 | -€2,256 | -103% |
| Income taxes | 67/77 | €60 | €235 | +€176 | +295% |
| Profit (loss) for the period | 9904 | -€2,243 | -€4,675 | -€2,432 | -108% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,243 | -€4,675 | -€2,432 | -108% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.