Kélian Rask: 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.
Kélian Rask
Largest movements
- Cash +€20,515
up €20,515 (+68.6%), from €29,926 to €50,441
mainly Net result for the year (+€27,671) and Tax, wage and social debts (+€4,859)
- Current investments +€15,000
up €15,000 (+353%), from €4,250 to €19,250
- Receivables within one year -€2,906
down €2,906 (-24.6%), from €11,807 to €8,901
of which Other amounts receivable: -€3,035
- Reserves +€27,671
up €27,671 (+98.8%), from €28,000 to €55,671
- Tax, wage and social debts +€4,859
up €4,859 (+31.4%), from €15,459 to €20,318
of which Taxes: +€4,965
- Taxes +€3,339
up €3,339 (+45.6%), from €7,317 to €10,656
- Gross operating margin +€2,466
up €2,466 (+7.0%), from €35,442 to €37,908
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 | €45,983 | €78,591 | +€32,608 | +70.9% |
| Current assets | 29/58 | €45,983 | €78,591 | +€32,608 | +70.9% |
| Amounts receivable within one year | 40/41 | €11,807 | €8,901 | -€2,906 | -24.6% |
| Trade receivables | 40 | €1,506 | €1,635 | +€129 | +8.6% |
| Other amounts receivable | 41 | €10,301 | €7,266 | -€3,035 | -29.5% |
| Current investments | 50/53 | €4,250 | €19,250 | +€15,000 | +353% |
| Cash at bank and in hand | 54/58 | €29,926 | €50,441 | +€20,515 | +68.6% |
| Total equity and liabilities | 10/49 | €45,983 | €78,591 | +€32,608 | +70.9% |
| Equity | 10/15 | €28,394 | €56,065 | +€27,671 | +97.5% |
| Reserves | 13 | €28,000 | €55,671 | +€27,671 | +98.8% |
| Distributable reserves | 133 | €28,000 | €55,671 | +€27,671 | +98.8% |
| Profit (loss) carried forward | 14 | €394 | €394 | = | 0.0% |
| Amounts payable | 17/49 | €17,589 | €22,527 | +€4,937 | +28.1% |
| Amounts payable within one year | 42/48 | €17,589 | €22,527 | +€4,937 | +28.1% |
| Trade debts | 44 | €2,130 | €2,209 | +€79 | +3.7% |
| Suppliers | 440/4 | €2,130 | €2,209 | +€79 | +3.7% |
| Taxes, remuneration and social security | 45 | €15,459 | €20,318 | +€4,859 | +31.4% |
| Taxes | 450/3 | €13,000 | €17,965 | +€4,965 | +38.2% |
| Remuneration and social security | 454/9 | €2,459 | €2,353 | -€106 | -4.3% |
| Other operating charges | 640/8 | - | €80 | +€80 | |
| Gross operating margin | 9900 | €35,442 | €37,908 | +€2,466 | +7.0% |
| Operating profit (loss) | 9901 | €35,442 | €37,828 | +€2,386 | +6.7% |
| Financial income | 75/76B | €312 | €574 | +€262 | +83.8% |
| Recurring financial income | 75 | €312 | €574 | +€262 | +83.8% |
| Financial charges | 65/66B | €44 | €75 | +€31 | +71.4% |
| Recurring financial charges | 65 | €44 | €75 | +€31 | +71.4% |
| Profit (loss) for the period before taxes | 9903 | €35,711 | €38,327 | +€2,616 | +7.3% |
| Income taxes | 67/77 | €7,317 | €10,656 | +€3,339 | +45.6% |
| Profit (loss) for the period | 9904 | €28,394 | €27,671 | -€723 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,394 | €27,671 | -€723 | -2.5% |
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 16 October 2026 via checked.be.