KELICO: what changed
Two fiscal 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.
KELICO
Largest movements
- Tangible fixed assets -€44,973
down €44,973 (-35.6%), from €126,290 to €81,317
of which Furniture and vehicles: -€46,243
- Stocks and contracts +€26,394
up €26,394 (+24.9%), from €106,147 to €132,541
- Receivables within one year -€12,092
down €12,092 (-9.4%), from €129,217 to €117,125
of which Other amounts receivable: -€8,718
- Financial fixed assets -€12,000
down €12,000 (-14.0%), from €85,800 to €73,800
- Cash -€9,265
down €9,265 (-5.8%), from €159,605 to €150,340
mainly Debts after one year (-€35,213) and Stocks and contracts (-€26,394)
- Debts after one year -€35,213
down €35,213 (-47.8%), from €73,593 to €38,380
- Trade debts -€16,233
down €16,233 (-25.9%), from €62,736 to €46,504
- Gross operating margin -€43,738
down €43,738 (-16.0%), from €274,181 to €230,443
- Other operating charges -€12,418
down €12,418 (-80.4%), from €15,449 to €3,031
- Depreciation -€7,477
down €7,477 (-19.0%), from €39,300 to €31,823
- Taxes -€5,926
down €5,926 (-68.2%), from €8,693 to €2,768
- Staff costs +€4,037
up €4,037 (+2.3%), from €172,867 to €176,904
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 | €612,273 | €556,917 | -€55,356 | -9.0% |
| Fixed assets | 21/28 | €212,090 | €155,117 | -€56,973 | -26.9% |
| Tangible fixed assets | 22/27 | €126,290 | €81,317 | -€44,973 | -35.6% |
| Plant, machinery and equipment | 23 | €3,105 | €4,375 | +€1,270 | +40.9% |
| Furniture and vehicles | 24 | €123,185 | €76,942 | -€46,243 | -37.5% |
| Financial fixed assets | 28 | €85,800 | €73,800 | -€12,000 | -14.0% |
| Current assets | 29/58 | €400,184 | €401,800 | +€1,617 | +0.4% |
| Stocks and contracts in progress | 3 | €106,147 | €132,541 | +€26,394 | +24.9% |
| Stocks | 30/36 | €106,147 | €132,541 | +€26,394 | +24.9% |
| Amounts receivable within one year | 40/41 | €129,217 | €117,125 | -€12,092 | -9.4% |
| Trade receivables | 40 | €33,597 | €30,224 | -€3,373 | -10.0% |
| Other amounts receivable | 41 | €95,620 | €86,902 | -€8,718 | -9.1% |
| Cash at bank and in hand | 54/58 | €159,605 | €150,340 | -€9,265 | -5.8% |
| Deferred charges and accrued income | 490/1 | €5,214 | €1,794 | -€3,420 | -65.6% |
| Total equity and liabilities | 10/49 | €612,273 | €556,917 | -€55,356 | -9.0% |
| Equity | 10/15 | €393,670 | €394,719 | +€1,049 | +0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €387,470 | €388,519 | +€1,049 | +0.3% |
| Distributable reserves | 133 | €387,470 | €388,519 | +€1,049 | +0.3% |
| Amounts payable | 17/49 | €218,603 | €162,198 | -€56,405 | -25.8% |
| Amounts payable after more than one year | 17 | €73,593 | €38,380 | -€35,213 | -47.8% |
| Financial debts | 170/4 | €73,593 | €38,380 | -€35,213 | -47.8% |
| Amounts payable within one year | 42/48 | €145,011 | €120,407 | -€24,604 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €40,362 | €35,213 | -€5,149 | -12.8% |
| Trade debts | 44 | €62,736 | €46,504 | -€16,233 | -25.9% |
| Suppliers | 440/4 | €62,736 | €46,504 | -€16,233 | -25.9% |
| Taxes, remuneration and social security | 45 | €29,872 | €26,621 | -€3,251 | -10.9% |
| Taxes | 450/3 | €8,693 | €2,944 | -€5,749 | -66.1% |
| Remuneration and social security | 454/9 | €21,178 | €23,676 | +€2,498 | +11.8% |
| Other amounts payable | 47/48 | €12,041 | €12,069 | +€29 | +0.2% |
| Accrued charges and deferred income | 492/3 | - | €3,411 | +€3,411 | |
| Remuneration, social security and pensions | 62 | €172,867 | €176,904 | +€4,037 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,300 | €31,823 | -€7,477 | -19.0% |
| Other operating charges | 640/8 | €15,449 | €3,031 | -€12,418 | -80.4% |
| Non-recurring operating charges | 66A | - | €8,541 | +€8,541 | |
| Gross operating margin | 9900 | €274,181 | €230,443 | -€43,738 | -16.0% |
| Operating profit (loss) | 9901 | €46,565 | €10,144 | -€36,421 | -78.2% |
| Financial income | 75/76B | €9 | €1 | -€8 | -87.8% |
| Recurring financial income | 75 | €9 | €1 | -€8 | -87.8% |
| Financial charges | 65/66B | €6,519 | €6,328 | -€191 | -2.9% |
| Recurring financial charges | 65 | €6,519 | €6,328 | -€191 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €40,055 | €3,817 | -€36,238 | -90.5% |
| Income taxes | 67/77 | €8,693 | €2,768 | -€5,926 | -68.2% |
| Profit (loss) for the period | 9904 | €31,362 | €1,049 | -€30,312 | -96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,362 | €1,049 | -€30,312 | -96.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.