Keleos: 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.
Keleos
Largest movements
- Receivables within one year +€52,768
up €52,768 (+46.5%), from €113,433 to €166,201
of which Trade receivables: +€28,897
- Tangible fixed assets -€5,120
down €5,120 (-51.5%), from €9,943 to €4,823
- Trade debts +€18,954
up €18,954 (+71.2%), from €26,619 to €45,573
- Profit (loss) carried forward +€14,367
up €14,367 (+48.6%), from -€29,575 to -€15,207
- Tax, wage and social debts +€8,841
up €8,841 (+11.9%), from €74,533 to €83,374
of which Remuneration and social security: +€8,242
- Accrued charges and deferred income +€5,131
new in 2025: €5,131
- Turnover -€518,223
down €518,223 (-40.0%), from €1.3m to €776,073
- Staff costs -€453,970
down €453,970 (-50.8%), from €894,512 to €440,543
- Gross operating margin -€426,390
down €426,390 (-47.5%), from €898,609 to €472,219
- Purchases and services -€90,186
down €90,186 (-22.5%), from €400,062 to €309,877
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.
Cash bridge derived
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 | €133,578 | €181,032 | +€47,455 | +35.5% |
| Fixed assets | 21/28 | €9,943 | €4,823 | -€5,120 | -51.5% |
| Tangible fixed assets | 22/27 | €9,943 | €4,823 | -€5,120 | -51.5% |
| Plant, machinery and equipment | 23 | €9,943 | €4,823 | -€5,120 | -51.5% |
| Current assets | 29/58 | €123,634 | €176,209 | +€52,575 | +42.5% |
| Amounts receivable within one year | 40/41 | €113,433 | €166,201 | +€52,768 | +46.5% |
| Trade receivables | 40 | €97,710 | €126,607 | +€28,897 | +29.6% |
| Other amounts receivable | 41 | €15,722 | €39,594 | +€23,871 | +151.8% |
| Cash at bank and in hand | 54/58 | €5,909 | €6,973 | +€1,064 | +18.0% |
| Deferred charges and accrued income | 490/1 | €4,292 | €3,035 | -€1,257 | -29.3% |
| Total equity and liabilities | 10/49 | €133,578 | €181,032 | +€47,455 | +35.5% |
| Equity | 10/15 | €32,425 | €46,793 | +€14,367 | +44.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,575 | -€15,207 | +€14,367 | +48.6% |
| Provisions and deferred taxes | 16 | - | €162 | +€162 | |
| Provisions for liabilities and charges | 160/5 | - | €162 | +€162 | |
| Pensions and similar obligations | 160 | - | €162 | +€162 | |
| Amounts payable | 17/49 | €101,152 | €134,077 | +€32,925 | +32.6% |
| Amounts payable within one year | 42/48 | €101,152 | €128,947 | +€27,795 | +27.5% |
| Trade debts | 44 | €26,619 | €45,573 | +€18,954 | +71.2% |
| Suppliers | 440/4 | €26,619 | €45,573 | +€18,954 | +71.2% |
| Taxes, remuneration and social security | 45 | €74,533 | €83,374 | +€8,841 | +11.9% |
| Taxes | 450/3 | €30,086 | €30,685 | +€599 | +2.0% |
| Remuneration and social security | 454/9 | €44,447 | €52,689 | +€8,242 | +18.5% |
| Accrued charges and deferred income | 492/3 | - | €5,131 | +€5,131 | |
| Turnover | 70 | €1,294,295 | €776,073 | -€518,223 | -40.0% |
| Non-recurring operating income | 76A | - | €479 | +€479 | |
| Goods, raw materials, services and sundry goods | 60/61 | €400,062 | €309,877 | -€90,186 | -22.5% |
| Remuneration, social security and pensions | 62 | €894,512 | €440,543 | -€453,970 | -50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,558 | €6,022 | -€4,536 | -43.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €162 | +€162 | |
| Other operating charges | 640/8 | €4,031 | €1,795 | -€2,236 | -55.5% |
| Non-recurring operating charges | 66A | €2,317 | - | -€2,317 | |
| Gross operating margin | 9900 | €898,609 | €472,219 | -€426,390 | -47.5% |
| Operating profit (loss) | 9901 | -€12,809 | €23,697 | +€36,506 | |
| Financial income | 75/76B | €1,132 | €144 | -€988 | -87.3% |
| Recurring financial income | 75 | €11 | €144 | +€133 | +1154.8% |
| Non-recurring financial income | 76B | €1,121 | - | -€1,121 | |
| Financial charges | 65/66B | €15,948 | €6,276 | -€9,671 | -60.6% |
| Recurring financial charges | 65 | €15,948 | €6,276 | -€9,671 | -60.6% |
| Profit (loss) for the period before taxes | 9903 | -€27,625 | €17,565 | +€45,190 | |
| Income taxes | 67/77 | €1,950 | €3,198 | +€1,248 | +64.0% |
| Profit (loss) for the period | 9904 | -€29,575 | €14,367 | +€43,942 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,575 | €14,367 | +€43,942 |
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 12 October 2026 via checked.be.