Kelmo Consulting: 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.
Kelmo Consulting
Largest movements
- Receivables within one year -€115,666
down €115,666 (-65.6%), from €176,259 to €60,593
of which Trade receivables: -€112,951
- Tangible fixed assets +€30,492
up €30,492 (+86.1%), from €35,414 to €65,906
of which Furniture and vehicles: +€30,209
- Cash +€29,286
up €29,286 (+96.2%), from €30,446 to €59,732
mainly Receivables within one year (+€115,666) and Net result for the year (+€54,251)
- Intangible fixed assets -€9,037
down €9,037 (-5.8%), from €156,926 to €147,889
- Deferred charges and accrued income +€7,745
up €7,745 (+1990.8%), from €389 to €8,134
- Debts after one year -€101,019
down €101,019 (-53.8%), from €187,610 to €86,590
- Profit (loss) carried forward +€54,251
up €54,251 (+267.9%), from €20,247 to €74,498
- Trade debts -€28,997
down €28,997 (-23.8%), from €121,587 to €92,590
- Current portion of long-term debt +€13,493
up €13,493 (+30.8%), from €43,828 to €57,322
- Tax, wage and social debts +€11,753
up €11,753 (+58.3%), from €20,162 to €31,915
of which Taxes: +€9,987
- Gross operating margin +€118,725
up €118,725 (+163.6%), from €72,550 to €191,276
- Staff costs +€33,325
up €33,325 (+74.4%), from €44,774 to €78,099
- Depreciation +€18,879
up €18,879 (+96.5%), from €19,556 to €38,435
- Taxes +€13,593
up €13,593 (+1929.8%), from €704 to €14,297
- Financial charges +€3,289
up €3,289 (+123.1%), from €2,671 to €5,960
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 | €399,434 | €349,414 | -€50,020 | -12.5% |
| Fixed assets | 21/28 | €192,340 | €220,955 | +€28,615 | +14.9% |
| Intangible fixed assets | 21 | €156,926 | €147,889 | -€9,037 | -5.8% |
| Tangible fixed assets | 22/27 | €35,414 | €65,906 | +€30,492 | +86.1% |
| Plant, machinery and equipment | 23 | - | €282 | +€282 | |
| Furniture and vehicles | 24 | €35,414 | €65,624 | +€30,209 | +85.3% |
| Financial fixed assets | 28 | - | €7,160 | +€7,160 | |
| Current assets | 29/58 | €207,094 | €128,459 | -€78,635 | -38.0% |
| Amounts receivable within one year | 40/41 | €176,259 | €60,593 | -€115,666 | -65.6% |
| Trade receivables | 40 | €173,545 | €60,593 | -€112,951 | -65.1% |
| Other amounts receivable | 41 | €2,714 | €0 | -€2,714 | -100.0% |
| Cash at bank and in hand | 54/58 | €30,446 | €59,732 | +€29,286 | +96.2% |
| Deferred charges and accrued income | 490/1 | €389 | €8,134 | +€7,745 | +1990.8% |
| Total equity and liabilities | 10/49 | €399,434 | €349,414 | -€50,020 | -12.5% |
| Equity | 10/15 | €25,247 | €79,498 | +€54,251 | +214.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,247 | €74,498 | +€54,251 | +267.9% |
| Amounts payable | 17/49 | €374,187 | €269,917 | -€104,271 | -27.9% |
| Amounts payable after more than one year | 17 | €187,610 | €86,590 | -€101,019 | -53.8% |
| Financial debts | 170/4 | €187,610 | €86,590 | -€101,019 | -53.8% |
| Amounts payable within one year | 42/48 | €185,578 | €181,826 | -€3,752 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €43,828 | €57,322 | +€13,493 | +30.8% |
| Trade debts | 44 | €121,587 | €92,590 | -€28,997 | -23.8% |
| Suppliers | 440/4 | €121,587 | €92,590 | -€28,997 | -23.8% |
| Taxes, remuneration and social security | 45 | €20,162 | €31,915 | +€11,753 | +58.3% |
| Taxes | 450/3 | €15,118 | €25,105 | +€9,987 | +66.1% |
| Remuneration and social security | 454/9 | €5,044 | €6,810 | +€1,766 | +35.0% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,500 | +€500 | +50.0% |
| Remuneration, social security and pensions | 62 | €44,774 | €78,099 | +€33,325 | +74.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,556 | €38,435 | +€18,879 | +96.5% |
| Other operating charges | 640/8 | €614 | €702 | +€88 | +14.4% |
| Gross operating margin | 9900 | €72,550 | €191,276 | +€118,725 | +163.6% |
| Operating profit (loss) | 9901 | €7,607 | €74,040 | +€66,433 | +873.4% |
| Financial income | 75/76B | €63 | €469 | +€406 | +649.4% |
| Recurring financial income | 75 | €63 | €469 | +€406 | +649.4% |
| Financial charges | 65/66B | €2,671 | €5,960 | +€3,289 | +123.1% |
| Recurring financial charges | 65 | €2,671 | €5,960 | +€3,289 | +123.1% |
| Profit (loss) for the period before taxes | 9903 | €4,998 | €68,548 | +€63,551 | +1271.6% |
| Income taxes | 67/77 | €704 | €14,297 | +€13,593 | +1929.8% |
| Profit (loss) for the period | 9904 | €4,293 | €54,251 | +€49,957 | +1163.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,293 | €54,251 | +€49,957 | +1163.6% |
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 10 October 2026 via checked.be.