KELLE & Co: 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.
KELLE & Co
Largest movements
- Cash -€26,517
down €26,517 (-22.7%), from €116,819 to €90,302
mainly Contributions, distributions and other (-€52,500) and Net result for the year (-€14,427)
- Deferred charges and accrued income +€8,703
up €8,703 (+1,778%), from €489 to €9,192
- Receivables within one year -€6,971
down €6,971 (-11.6%), from €60,206 to €53,236
of which Trade receivables: -€8,088
- Tangible fixed assets -€5,056
down €5,056 (-21.8%), from €23,206 to €18,149
of which Furniture and vehicles: -€17,192
- Reserves -€52,500
no longer reported in 2025 (was €52,500)
- Other debts +€40,593
up €40,593 (+249%), from €16,315 to €56,908
- Profit (loss) carried forward -€14,427
down €14,427 (-20.4%), from €70,766 to €56,338
- Trade debts +€6,064
up €6,064 (+35.9%), from €16,887 to €22,951
- Current portion of long-term debt -€5,183
no longer reported in 2025 (was €5,183)
- Financial charges -€34,016
down €34,016 (-97.7%), from €34,833 to €817
- Gross operating margin -€26,400
down €26,400, from €23,413 to -€2,987
- Depreciation -€10,542
down €10,542 (-76.7%), from €13,742 to €3,200
- Other operating charges +€5,275
up €5,275 (+265%), from €1,988 to €7,263
- Write-downs -€887
no longer reported in 2025 (was €887)
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 | €200,720 | €170,879 | -€29,841 | -14.9% |
| Fixed assets | 21/28 | €23,206 | €18,149 | -€5,056 | -21.8% |
| Tangible fixed assets | 22/27 | €23,206 | €18,149 | -€5,056 | -21.8% |
| Plant, machinery and equipment | 23 | - | €12,555 | +€12,555 | |
| Furniture and vehicles | 24 | €21,027 | €3,835 | -€17,192 | -81.8% |
| Other tangible fixed assets | 26 | €2,179 | €1,759 | -€419 | -19.2% |
| Current assets | 29/58 | €177,514 | €152,730 | -€24,785 | -14.0% |
| Amounts receivable within one year | 40/41 | €60,206 | €53,236 | -€6,971 | -11.6% |
| Trade receivables | 40 | €60,180 | €52,092 | -€8,088 | -13.4% |
| Other amounts receivable | 41 | €26 | €1,144 | +€1,117 | +4,245% |
| Cash at bank and in hand | 54/58 | €116,819 | €90,302 | -€26,517 | -22.7% |
| Deferred charges and accrued income | 490/1 | €489 | €9,192 | +€8,703 | +1,778% |
| Total equity and liabilities | 10/49 | €200,720 | €170,879 | -€29,841 | -14.9% |
| Equity | 10/15 | €154,717 | €87,790 | -€66,927 | -43.3% |
| Contributions | 10/11 | €31,451 | €31,451 | = | 0.0% |
| Reserves | 13 | €52,500 | - | -€52,500 | |
| Distributable reserves | 133 | €52,500 | - | -€52,500 | |
| Profit (loss) carried forward | 14 | €70,766 | €56,338 | -€14,427 | -20.4% |
| Amounts payable | 17/49 | €46,003 | €83,090 | +€37,086 | +80.6% |
| Amounts payable within one year | 42/48 | €46,003 | €83,090 | +€37,086 | +80.6% |
| Current portion of amounts payable after more than one year | 42 | €5,183 | - | -€5,183 | |
| Trade debts | 44 | €16,887 | €22,951 | +€6,064 | +35.9% |
| Suppliers | 440/4 | €16,887 | €22,951 | +€6,064 | +35.9% |
| Taxes, remuneration and social security | 45 | €7,619 | €3,231 | -€4,388 | -57.6% |
| Taxes | 450/3 | €4,569 | €181 | -€4,388 | -96.0% |
| Remuneration and social security | 454/9 | €3,050 | €3,050 | = | 0.0% |
| Other amounts payable | 47/48 | €16,315 | €56,908 | +€40,593 | +249% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,742 | €3,200 | -€10,542 | -76.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €887 | - | -€887 | |
| Other operating charges | 640/8 | €1,988 | €7,263 | +€5,275 | +265% |
| Gross operating margin | 9900 | €23,413 | -€2,987 | -€26,400 | |
| Operating profit (loss) | 9901 | €6,797 | -€13,450 | -€20,247 | |
| Financial income | 75/76B | €377 | €21 | -€355 | -94.3% |
| Recurring financial income | 75 | €377 | €21 | -€355 | -94.3% |
| Financial charges | 65/66B | €34,833 | €817 | -€34,016 | -97.7% |
| Recurring financial charges | 65 | €34,833 | €817 | -€34,016 | -97.7% |
| Profit (loss) for the period before taxes | 9903 | -€27,660 | -€14,246 | +€13,413 | +48.5% |
| Income taxes | 67/77 | €191 | €181 | -€10 | -5.2% |
| Profit (loss) for the period | 9904 | -€27,851 | -€14,427 | +€13,423 | +48.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,851 | -€14,427 | +€13,423 | +48.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.