KELALESS: what changed
KELALESS
Largest movements
- Cash +€19,576
up €19,576 (+266%), from €7,360 to €26,935
mainly Other debts (+€10,734) and Net result for the year (+€10,600)
- Financial fixed assets +€9,000
new in 2025: €9,000
- Intangible fixed assets +€3,933
new in 2025: €3,933
- Receivables within one year +€2,746
up €2,746 (+232%), from €1,186 to €3,932
of which Other amounts receivable: +€3,932
- Stocks and contracts -€1,144
no longer reported in 2025 (was €1,144)
- Other debts +€10,734
up €10,734 (+312%), from €3,435 to €14,170
- Profit (loss) carried forward +€10,600
up €10,600 (+25.9%), from -€40,877 to -€30,277
- Accrued charges and deferred income +€9,000
new in 2025: €9,000
- Trade debts +€5,460
up €5,460 (+139%), from €3,917 to €9,377
- Advances received -€2,750
no longer reported in 2025 (was €2,750)
- Gross operating margin +€20,008
up €20,008, from -€6,119 to €13,890
- Depreciation -€832
down €832 (-46.3%), from €1,798 to €966
- Other operating charges +€582
up €582 (+49.7%), from €1,170 to €1,752
- Financial charges +€254
up €254 (+65.6%), from €386 to €640
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,589 | €44,788 | +€34,199 | +323% |
| Fixed assets | 21/28 | €899 | €13,921 | +€13,021 | +1,448% |
| Intangible fixed assets | 21 | - | €3,933 | +€3,933 | |
| Tangible fixed assets | 22/27 | €899 | €988 | +€88 | +9.8% |
| Plant, machinery and equipment | 23 | €0 | - | -€0 | |
| Furniture and vehicles | 24 | €899 | €988 | +€88 | +9.8% |
| Financial fixed assets | 28 | - | €9,000 | +€9,000 | |
| Current assets | 29/58 | €9,689 | €30,867 | +€21,178 | +219% |
| Stocks and contracts in progress | 3 | €1,144 | - | -€1,144 | |
| Stocks | 30/36 | €1,144 | - | -€1,144 | |
| Amounts receivable within one year | 40/41 | €1,186 | €3,932 | +€2,746 | +232% |
| Trade receivables | 40 | €1,186 | - | -€1,186 | |
| Other amounts receivable | 41 | - | €3,932 | +€3,932 | |
| Cash at bank and in hand | 54/58 | €7,360 | €26,935 | +€19,576 | +266% |
| Total equity and liabilities | 10/49 | €10,589 | €44,788 | +€34,199 | +323% |
| Equity | 10/15 | -€1,713 | €8,887 | +€10,600 | |
| Contributions | 10/11 | €39,164 | €39,164 | = | 0.0% |
| Contributions outside capital | 11 | €39,164 | €39,164 | = | 0.0% |
| Other | 1109/19 | €39,164 | €39,164 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,877 | -€30,277 | +€10,600 | +25.9% |
| Amounts payable | 17/49 | €12,302 | €35,901 | +€23,599 | +192% |
| Amounts payable within one year | 42/48 | €12,302 | €26,901 | +€14,599 | +119% |
| Trade debts | 44 | €3,917 | €9,377 | +€5,460 | +139% |
| Suppliers | 440/4 | €3,917 | €9,377 | +€5,460 | +139% |
| Advances received on contracts in progress | 46 | €2,750 | - | -€2,750 | |
| Taxes, remuneration and social security | 45 | €2,199 | €3,354 | +€1,155 | +52.5% |
| Taxes | 450/3 | €2,199 | €3,354 | +€1,155 | +52.5% |
| Other amounts payable | 47/48 | €3,435 | €14,170 | +€10,734 | +312% |
| Accrued charges and deferred income | 492/3 | - | €9,000 | +€9,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,798 | €966 | -€832 | -46.3% |
| Other operating charges | 640/8 | €1,170 | €1,752 | +€582 | +49.7% |
| Gross operating margin | 9900 | -€6,119 | €13,890 | +€20,008 | |
| Operating profit (loss) | 9901 | -€9,086 | €11,172 | +€20,258 | |
| Financial income | 75/76B | €2 | €68 | +€65 | +2,916% |
| Recurring financial income | 75 | €2 | €68 | +€65 | +2,916% |
| Financial charges | 65/66B | €386 | €640 | +€254 | +65.6% |
| Recurring financial charges | 65 | €386 | €640 | +€254 | +65.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,470 | €10,600 | +€20,070 | |
| Income taxes | 67/77 | €136 | - | -€136 | |
| Profit (loss) for the period | 9904 | -€9,607 | €10,600 | +€20,207 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,607 | €10,600 | +€20,207 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.