Kepie: 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.
Kepie
Largest movements
- Cash +€8,532
up €8,532 (+23096.9%), from €37 to €8,569
mainly Other debts (+€25,757) and Accrued charges and deferred income (+€1,387)
- Other debts +€25,757
up €25,757 (+102.4%), from €25,143 to €50,900
- Profit (loss) carried forward -€18,611
down €18,611 (-63.7%), from -€29,226 to -€47,837
- Financial charges +€4,512
up €4,512 (+36.5%), from €12,355 to €16,867
- Other operating charges -€468
down €468 (-65.0%), from €720 to €252
- Gross operating margin +€67
up €67 (+4.3%), from -€1,559 to -€1,492
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 | €236,637 | €245,169 | +€8,532 | +3.6% |
| Fixed assets | 21/28 | €236,600 | €236,600 | = | 0.0% |
| Tangible fixed assets | 22/27 | €236,600 | €236,600 | = | 0.0% |
| Land and buildings | 22 | €236,600 | €236,600 | = | 0.0% |
| Current assets | 29/58 | €37 | €8,569 | +€8,532 | +23096.9% |
| Cash at bank and in hand | 54/58 | €37 | €8,569 | +€8,532 | +23096.9% |
| Total equity and liabilities | 10/49 | €236,637 | €245,169 | +€8,532 | +3.6% |
| Equity | 10/15 | -€9,226 | -€27,837 | -€18,611 | -201.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,226 | -€47,837 | -€18,611 | -63.7% |
| Amounts payable | 17/49 | €245,863 | €273,006 | +€27,143 | +11.0% |
| Amounts payable within one year | 42/48 | €245,143 | €270,900 | +€25,757 | +10.5% |
| Financial debts | 43 | €220,000 | €220,000 | = | 0.0% |
| Credit institutions | 430/8 | €220,000 | €220,000 | = | 0.0% |
| Other amounts payable | 47/48 | €25,143 | €50,900 | +€25,757 | +102.4% |
| Accrued charges and deferred income | 492/3 | €720 | €2,107 | +€1,387 | +192.6% |
| Other operating charges | 640/8 | €720 | €252 | -€468 | -65.0% |
| Gross operating margin | 9900 | -€1,559 | -€1,492 | +€67 | +4.3% |
| Operating profit (loss) | 9901 | -€2,279 | -€1,744 | +€535 | +23.5% |
| Financial charges | 65/66B | €12,355 | €16,867 | +€4,512 | +36.5% |
| Recurring financial charges | 65 | €12,355 | €16,867 | +€4,512 | +36.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,634 | -€18,611 | -€3,977 | -27.2% |
| Profit (loss) for the period | 9904 | -€14,634 | -€18,611 | -€3,977 | -27.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,634 | -€18,611 | -€3,977 | -27.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.