Keluda: 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.
Keluda
Largest movements
- Cash +€260,577
up €260,577, from €0 to €260,577
mainly Debts after one year (+€1.5m) and Current portion of long-term debt (+€143,814)
- Receivables within one year +€85,988
up €85,988 (+27.6%), from €311,412 to €397,400
of which Trade receivables: +€49,204
- Debts after one year +€1.5m
up €1.5m (+28.8%), from €5.0m to €6.5m
of which Financial debts: +€1.5m
- Short-term financial debts -€912,304
down €912,304 (-100.0%), from €912,304 to €0
- Profit (loss) carried forward -€233,712
down €233,712 (-3.1%), from -€7.4m to -€7.7m
- Other debts -€226,234
down €226,234 (-100.0%), from €226,234 to €0
- Current portion of long-term debt +€143,814
up €143,814, from €0 to €143,814
- Financial charges -€3.8m
down €3.8m (-94.2%), from €4.0m to €236,127
of which Non-recurring financial charges: -€3.9m
- Financial income -€1.7m
down €1.7m (-99.7%), from €1.7m to €5,020
of which Non-recurring financial income: -€1.7m
- Write-downs -€243,162
down €243,162 (-98.7%), from €246,344 to €3,182
- Other operating charges -€204,224
down €204,224 (-98.9%), from €206,448 to €2,224
- Gross operating margin -€167,400
down €167,400 (-85.8%), from €195,202 to €27,801
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,773,991 | €7,125,493 | +€351,502 | +5.2% |
| Fixed assets | 21/28 | €6,425,299 | €6,425,299 | = | 0.0% |
| Financial fixed assets | 28 | €6,425,299 | €6,425,299 | = | 0.0% |
| Current assets | 29/58 | €348,692 | €700,193 | +€351,502 | +100.8% |
| Amounts receivable within one year | 40/41 | €311,412 | €397,400 | +€85,988 | +27.6% |
| Trade receivables | 40 | €295,710 | €344,914 | +€49,204 | +16.6% |
| Other amounts receivable | 41 | €15,702 | €52,487 | +€36,784 | +234.3% |
| Cash at bank and in hand | 54/58 | €0 | €260,577 | +€260,577 | |
| Deferred charges and accrued income | 490/1 | €37,279 | €42,216 | +€4,937 | +13.2% |
| Total equity and liabilities | 10/49 | €6,773,991 | €7,125,493 | +€351,502 | +5.2% |
| Equity | 10/15 | €451,789 | €218,077 | -€233,712 | -51.7% |
| Contributions | 10/11 | €6,000,001 | €6,000,001 | = | 0.0% |
| Reserves | 13 | €1,876,000 | €1,876,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,655 | €2,655 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,655 | €2,655 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,774,432 | €1,774,432 | = | 0.0% |
| Distributable reserves | 133 | €98,913 | €98,913 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,424,212 | -€7,657,924 | -€233,712 | -3.1% |
| Provisions and deferred taxes | 16 | - | €25,000 | +€25,000 | |
| Provisions for liabilities and charges | 160/5 | - | €25,000 | +€25,000 | |
| Other liabilities and charges | 164/5 | - | €25,000 | +€25,000 | |
| Amounts payable | 17/49 | €6,322,202 | €6,882,415 | +€560,214 | +8.9% |
| Amounts payable after more than one year | 17 | €5,039,943 | €6,490,069 | +€1.5m | +28.8% |
| Financial debts | 170/4 | €4,746,301 | €6,199,488 | +€1.5m | +30.6% |
| Trade debts | 175 | €34,646 | €31,585 | -€3,061 | -8.8% |
| Other amounts payable | 178/9 | €258,997 | €258,997 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,215,133 | €197,227 | -€1.0m | -83.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | €143,814 | +€143,814 | |
| Financial debts | 43 | €912,304 | €0 | -€912,304 | -100.0% |
| Credit institutions | 430/8 | €912,304 | €0 | -€912,304 | -100.0% |
| Trade debts | 44 | €72,189 | €53,413 | -€18,777 | -26.0% |
| Suppliers | 440/4 | €72,189 | €53,413 | -€18,777 | -26.0% |
| Taxes, remuneration and social security | 45 | €4,405 | €0 | -€4,405 | -100.0% |
| Taxes | 450/3 | €4,405 | €0 | -€4,405 | -100.0% |
| Other amounts payable | 47/48 | €226,234 | €0 | -€226,234 | -100.0% |
| Accrued charges and deferred income | 492/3 | €67,126 | €195,119 | +€127,993 | +190.7% |
| Turnover | 70 | €428,846 | €328,129 | -€100,718 | -23.5% |
| Non-recurring operating income | 76A | €64,006 | €35,000 | -€29,006 | -45.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €395,380 | €344,570 | -€50,810 | -12.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €246,344 | €3,182 | -€243,162 | -98.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €25,000 | +€25,000 | |
| Other operating charges | 640/8 | €206,448 | €2,224 | -€204,224 | -98.9% |
| Gross operating margin | 9900 | €195,202 | €27,801 | -€167,400 | -85.8% |
| Operating profit (loss) | 9901 | -€257,590 | -€2,605 | +€254,985 | +99.0% |
| Financial income | 75/76B | €1,725,822 | €5,020 | -€1.7m | -99.7% |
| Recurring financial income | 75 | €15,396 | €5,020 | -€10,376 | -67.4% |
| Non-recurring financial income | 76B | €1,710,426 | €0 | -€1.7m | -100.0% |
| Financial charges | 65/66B | €4,046,597 | €236,127 | -€3.8m | -94.2% |
| Recurring financial charges | 65 | €122,676 | €236,127 | +€113,451 | +92.5% |
| Non-recurring financial charges | 66B | €3,923,921 | €0 | -€3.9m | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,578,365 | -€233,712 | +€2.3m | +90.9% |
| Income taxes | 67/77 | -€95 | €0 | +€95 | |
| Profit (loss) for the period | 9904 | -€2,578,269 | -€233,712 | +€2.3m | +90.9% |
| Transfer to tax-exempt reserves | 689 | €1,774,432 | €0 | -€1.8m | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,352,702 | -€233,712 | +€4.1m | +94.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.