Kepler Industries: 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.
Kepler Industries
Largest movements
- Financial fixed assets +€2.8m
up €2.8m (+1391.1%), from €197,686 to €2.9m
- Receivables after one year -€1.0m
down €1.0m (-97.4%), from €1.1m to €27,319
- Receivables within one year -€230,544
down €230,544 (-64.3%), from €358,581 to €128,037
of which Trade receivables: -€149,200
- Contributions +€2.0m
up €2.0m (+229.2%), from €872,686 to €2.9m
- Profit (loss) carried forward -€878,754
down €878,754 (-376.8%), from -€233,196 to -€1.1m
- Debts after one year +€486,306
up €486,306 (+46.8%), from €1.0m to €1.5m
- Other debts -€83,440
no longer reported in 2025 (was €83,440)
- Trade debts -€54,170
down €54,170 (-48.5%), from €111,785 to €57,614
- Financial charges +€803,014
up €803,014 (+959.7%), from €83,670 to €886,683
of which Non-recurring financial charges: +€834,755
- Gross operating margin +€126,602
up €126,602, from -€101,451 to €25,151
- Financial income +€16,399
new in 2025: €16,399
of which Non-recurring financial income: +€16,399
- Other operating charges -€13,156
down €13,156 (-98.4%), from €13,368 to €212
- Depreciation -€1,299
down €1,299 (-3.7%), from €34,708 to €33,409
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 | €1,904,482 | €3,343,350 | +€1.4m | +75.6% |
| Formation expenses | 20 | €21,426 | €15,031 | -€6,395 | -29.8% |
| Fixed assets | 21/28 | €442,116 | €3,165,757 | +€2.7m | +616.0% |
| Intangible fixed assets | 21 | €244,430 | €217,537 | -€26,892 | -11.0% |
| Tangible fixed assets | 22/27 | - | €533 | +€533 | |
| Plant, machinery and equipment | 23 | - | €533 | +€533 | |
| Financial fixed assets | 28 | €197,686 | €2,947,686 | +€2.8m | +1391.1% |
| Current assets | 29/58 | €1,440,941 | €162,563 | -€1.3m | -88.7% |
| Amounts receivable after more than one year | 29 | €1,064,530 | €27,319 | -€1.0m | -97.4% |
| Trade receivables | 290 | €1,064,530 | €27,319 | -€1.0m | -97.4% |
| Amounts receivable within one year | 40/41 | €358,581 | €128,037 | -€230,544 | -64.3% |
| Trade receivables | 40 | €259,569 | €110,369 | -€149,200 | -57.5% |
| Other amounts receivable | 41 | €99,012 | €17,669 | -€81,343 | -82.2% |
| Cash at bank and in hand | 54/58 | €17,830 | €1,380 | -€16,450 | -92.3% |
| Deferred charges and accrued income | 490/1 | - | €5,827 | +€5,827 | |
| Total equity and liabilities | 10/49 | €1,904,482 | €3,343,350 | +€1.4m | +75.6% |
| Equity | 10/15 | €639,490 | €1,760,736 | +€1.1m | +175.3% |
| Contributions | 10/11 | €872,686 | €2,872,686 | +€2.0m | +229.2% |
| Profit (loss) carried forward | 14 | -€233,196 | -€1,111,950 | -€878,754 | -376.8% |
| Amounts payable | 17/49 | €1,264,993 | €1,582,614 | +€317,622 | +25.1% |
| Amounts payable after more than one year | 17 | €1,038,694 | €1,525,000 | +€486,306 | +46.8% |
| Financial debts | 170/4 | €1,038,694 | €1,525,000 | +€486,306 | +46.8% |
| Amounts payable within one year | 42/48 | €226,298 | €57,614 | -€168,684 | -74.5% |
| Trade debts | 44 | €111,785 | €57,614 | -€54,170 | -48.5% |
| Suppliers | 440/4 | €111,785 | €57,614 | -€54,170 | -48.5% |
| Taxes, remuneration and social security | 45 | €31,073 | - | -€31,073 | |
| Taxes | 450/3 | €31,073 | - | -€31,073 | |
| Other amounts payable | 47/48 | €83,440 | - | -€83,440 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,708 | €33,409 | -€1,299 | -3.7% |
| Other operating charges | 640/8 | €13,368 | €212 | -€13,156 | -98.4% |
| Gross operating margin | 9900 | -€101,451 | €25,151 | +€126,602 | |
| Operating profit (loss) | 9901 | -€149,527 | -€8,470 | +€141,057 | +94.3% |
| Financial income | 75/76B | - | €16,399 | +€16,399 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €16,399 | +€16,399 | |
| Financial charges | 65/66B | €83,670 | €886,683 | +€803,014 | +959.7% |
| Recurring financial charges | 65 | €83,670 | €51,928 | -€31,742 | -37.9% |
| Non-recurring financial charges | 66B | - | €834,755 | +€834,755 | |
| Profit (loss) for the period before taxes | 9903 | -€233,196 | -€878,754 | -€645,557 | -276.8% |
| Profit (loss) for the period | 9904 | -€233,196 | -€878,754 | -€645,557 | -276.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€233,196 | -€878,754 | -€645,557 | -276.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.