KELYNA: 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.
KELYNA
Largest movements
- Tangible fixed assets -€9,766
down €9,766 (-7.9%), from €123,475 to €113,709
of which Leasing and similar rights: -€8,046
- Deferred charges and accrued income -€3,478
down €3,478 (-54.6%), from €6,368 to €2,890
- Other debts -€13,503
down €13,503 (-12.5%), from €107,633 to €94,130
- Profit (loss) carried forward +€12,275
up €12,275 (+26.1%), from -€46,991 to -€34,716
- Debts after one year -€9,697
down €9,697 (-16.1%), from €60,328 to €50,631
- Gross operating margin +€5,570
up €5,570 (+23.5%), from €23,713 to €29,282
- Other operating charges +€524
up €524 (+16.8%), from €3,118 to €3,642
- Depreciation +€372
up €372 (+3.5%), from €10,615 to €10,987
- Staff costs -€343
down €343 (-43.0%), from €797 to €454
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 | €146,929 | €134,648 | -€12,281 | -8.4% |
| Fixed assets | 21/28 | €123,475 | €113,709 | -€9,766 | -7.9% |
| Tangible fixed assets | 22/27 | €123,475 | €113,709 | -€9,766 | -7.9% |
| Plant, machinery and equipment | 23 | - | €929 | +€929 | |
| Furniture and vehicles | 24 | €368 | €224 | -€144 | -39.2% |
| Leasing and similar rights | 25 | €96,556 | €88,510 | -€8,046 | -8.3% |
| Other tangible fixed assets | 26 | €26,550 | €24,046 | -€2,504 | -9.4% |
| Current assets | 29/58 | €23,455 | €20,939 | -€2,515 | -10.7% |
| Stocks and contracts in progress | 3 | €8,361 | €7,733 | -€628 | -7.5% |
| Stocks | 30/36 | €8,361 | €7,733 | -€628 | -7.5% |
| Amounts receivable within one year | 40/41 | €341 | €1,535 | +€1,195 | +350.6% |
| Trade receivables | 40 | - | €945 | +€945 | |
| Other amounts receivable | 41 | €341 | €590 | +€250 | +73.3% |
| Cash at bank and in hand | 54/58 | €8,385 | €8,781 | +€396 | +4.7% |
| Deferred charges and accrued income | 490/1 | €6,368 | €2,890 | -€3,478 | -54.6% |
| Total equity and liabilities | 10/49 | €146,929 | €134,648 | -€12,281 | -8.4% |
| Equity | 10/15 | -€36,909 | -€24,634 | +€12,275 | +33.3% |
| Contributions | 10/11 | €9,500 | €9,500 | = | 0.0% |
| Reserves | 13 | €582 | €582 | = | 0.0% |
| Distributable reserves | 133 | €582 | €582 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,991 | -€34,716 | +€12,275 | +26.1% |
| Amounts payable | 17/49 | €183,838 | €159,282 | -€24,556 | -13.4% |
| Amounts payable after more than one year | 17 | €60,328 | €50,631 | -€9,697 | -16.1% |
| Financial debts | 170/4 | €60,328 | €50,631 | -€9,697 | -16.1% |
| Amounts payable within one year | 42/48 | €123,510 | €108,650 | -€14,859 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €9,558 | €9,697 | +€138 | +1.4% |
| Trade debts | 44 | €3,189 | €2,260 | -€929 | -29.1% |
| Suppliers | 440/4 | €3,189 | €2,260 | -€929 | -29.1% |
| Taxes, remuneration and social security | 45 | €3,129 | €2,563 | -€566 | -18.1% |
| Taxes | 450/3 | €3,129 | €2,563 | -€566 | -18.1% |
| Other amounts payable | 47/48 | €107,633 | €94,130 | -€13,503 | -12.5% |
| Non-recurring operating income | 76A | - | €9,000 | +€9,000 | |
| Remuneration, social security and pensions | 62 | €797 | €454 | -€343 | -43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,615 | €10,987 | +€372 | +3.5% |
| Other operating charges | 640/8 | €3,118 | €3,642 | +€524 | +16.8% |
| Gross operating margin | 9900 | €23,713 | €29,282 | +€5,570 | +23.5% |
| Operating profit (loss) | 9901 | €9,183 | €14,200 | +€5,017 | +54.6% |
| Financial income | 75/76B | €26 | €10 | -€16 | -61.8% |
| Recurring financial income | 75 | €26 | €10 | -€16 | -61.8% |
| Financial charges | 65/66B | €1,830 | €1,548 | -€282 | -15.4% |
| Recurring financial charges | 65 | €1,830 | €1,548 | -€282 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €7,379 | €12,661 | +€5,282 | +71.6% |
| Income taxes | 67/77 | €399 | €386 | -€13 | -3.1% |
| Profit (loss) for the period | 9904 | €6,980 | €12,275 | +€5,295 | +75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,980 | €12,275 | +€5,295 | +75.9% |
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 11 October 2026 via checked.be.