KELJESCO: what changed
What changed
KELJESCO
NACE 95.315, Tyre services
filed annual accounts (NBB)
Net result for the year
€9,619
2024 · €1,759+€7,860
Equity
€274,801
2024 · €304,182-€29,381
Cash
€29,488
2024 · €148,878-€119,390
Balance sheet total
€413,693
2024 · €469,981-€56,288
Largest movements
Assets
- Cash -€119,390
down €119,390 (-80.2%), from €148,878 to €29,488
mainly Current investments (-€75,000) and Contributions, distributions and other (-€39,000)
- Current investments +€75,000
up €75,000, from €0 to €75,000
- Tangible fixed assets -€8,043
down €8,043 (-2.8%), from €288,645 to €280,602
of which Furniture and vehicles: -€10,367
Equity and liabilities
- Reserves -€29,381
down €29,381 (-17.4%), from €168,582 to €139,201
of which Distributable reserves: -€29,381
- Trade debts -€21,945
down €21,945 (-88.3%), from €24,855 to €2,910
- Debts after one year -€5,733
down €5,733 (-100%), from €5,733 to €0
Income statement
- Gross operating margin +€13,448
up €13,448 (+30.6%), from €43,895 to €57,343
- Financial charges +€5,064
up €5,064 (+110%), from €4,615 to €9,679
of which Financial charges: +€3,611
- Financial income -€3,789
down €3,789 (-97.0%), from €3,907 to €118
- Taxes -€3,626
down €3,626 (-66.1%), from €5,487 to €1,862
- Depreciation +€2,168
up €2,168 (+8.5%), from €25,446 to €27,613
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.
Result 2024
€1,759
Gross operating margin
+€13,448
Depreciation
-€2,168
Other operating charges
+€1,807
Financial income
-€3,789
Financial charges
-€5,064
Taxes
+€3,626
Result 2025
€9,619
raises the resultlowers the result
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.
From operations
+€22,780
Investment
-€94,571
Financing
-€47,600
Cash 2024
€148,878
From operations (derived)
+€22,780
Net result for the year
+€9,619
Depreciation
+€27,613
Receivables within one year
+€4,013
Deferred charges and accrued income
-€158
Trade debts
-€21,945
Tax, wage and social debts
+€2,387
Other debts
-€2,231
Accrued charges and deferred income
+€3,482
Investment (derived)
-€94,571
Investment in fixed assets (net)
-€19,571
Current investments
-€75,000
Financing
-€47,600
Debts after one year
-€5,733
Current portion of long-term debt
-€2,867
Contributions, distributions and other
-€39,000
Cash 2025
€29,488
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €469,981 | €413,693 | -€56,288 | -12.0% |
| Fixed assets | 21/28 | €288,645 | €280,602 | -€8,043 | -2.8% |
| Tangible fixed assets | 22/27 | €288,645 | €280,602 | -€8,043 | -2.8% |
| Land and buildings | 22 | €253,363 | €256,523 | +€3,160 | +1.2% |
| Plant, machinery and equipment | 23 | €905 | €69 | -€836 | -92.4% |
| Furniture and vehicles | 24 | €34,377 | €24,010 | -€10,367 | -30.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €181,336 | €133,091 | -€48,245 | -26.6% |
| Amounts receivable within one year | 40/41 | €28,440 | €24,427 | -€4,013 | -14.1% |
| Trade receivables | 40 | €27,415 | €22,704 | -€4,711 | -17.2% |
| Other amounts receivable | 41 | €1,025 | €1,723 | +€698 | +68.1% |
| Current investments | 50/53 | €0 | €75,000 | +€75,000 | |
| Cash at bank and in hand | 54/58 | €148,878 | €29,488 | -€119,390 | -80.2% |
| Deferred charges and accrued income | 490/1 | €4,018 | €4,176 | +€158 | +3.9% |
| Total equity and liabilities | 10/49 | €469,981 | €413,693 | -€56,288 | -12.0% |
| Equity | 10/15 | €304,182 | €274,801 | -€29,381 | -9.7% |
| Contributions | 10/11 | €135,600 | €135,600 | = | 0.0% |
| Reserves | 13 | €168,582 | €139,201 | -€29,381 | -17.4% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €168,582 | €139,201 | -€29,381 | -17.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €165,800 | €138,893 | -€26,907 | -16.2% |
| Amounts payable after more than one year | 17 | €5,733 | €0 | -€5,733 | -100% |
| Financial debts | 170/4 | €5,733 | €0 | -€5,733 | -100% |
| Amounts payable within one year | 42/48 | €155,029 | €130,373 | -€24,656 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €8,600 | €5,733 | -€2,867 | -33.3% |
| Financial debts | 43 | €1,500 | €1,500 | = | 0.0% |
| Credit institutions | 430/8 | €1,500 | €1,500 | = | 0.0% |
| Trade debts | 44 | €24,855 | €2,910 | -€21,945 | -88.3% |
| Suppliers | 440/4 | €24,855 | €2,910 | -€21,945 | -88.3% |
| Taxes, remuneration and social security | 45 | €2,388 | €4,774 | +€2,387 | +99.9% |
| Taxes | 450/3 | €2,388 | €4,774 | +€2,387 | +99.9% |
| Other amounts payable | 47/48 | €117,686 | €115,455 | -€2,231 | -1.9% |
| Accrued charges and deferred income | 492/3 | €5,038 | €8,520 | +€3,482 | +69.1% |
| Non-recurring operating income | 76A | €24,167 | €0 | -€24,167 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,446 | €27,613 | +€2,168 | +8.5% |
| Other operating charges | 640/8 | €10,495 | €8,689 | -€1,807 | -17.2% |
| Gross operating margin | 9900 | €43,895 | €57,343 | +€13,448 | +30.6% |
| Operating profit (loss) | 9901 | €7,954 | €21,042 | +€13,087 | +165% |
| Financial income | 75/76B | €3,907 | €118 | -€3,789 | -97.0% |
| Recurring financial income | 75 | €3,907 | €118 | -€3,789 | -97.0% |
| Financial charges | 65/66B | €4,615 | €9,679 | +€5,064 | +110% |
| Recurring financial charges | 65 | €4,615 | €8,226 | +€3,611 | +78.2% |
| Non-recurring financial charges | 66B | - | €1,453 | +€1,453 | |
| Profit (loss) for the period before taxes | 9903 | €7,247 | €11,481 | +€4,234 | +58.4% |
| Income taxes | 67/77 | €5,487 | €1,862 | -€3,626 | -66.1% |
| Profit (loss) for the period | 9904 | €1,759 | €9,619 | +€7,860 | +447% |
| Transfer from tax-exempt reserves | 789 | €17,680 | €0 | -€17,680 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €19,439 | €9,619 | -€9,820 | -50.5% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.