KESHARA: 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.
KESHARA
Largest movements
- Cash +€1,252
up €1,252 (+40.6%), from €3,086 to €4,338
mainly Trade debts (+€2,162) and Net result for the year (+€358)
- Stocks and contracts +€500
up €500 (+1.9%), from €26,500 to €27,000
- Trade debts +€2,162
up €2,162 (+10.9%), from €19,860 to €22,022
- Tax, wage and social debts -€672
no longer reported in 2025 (was €672)
- Financial charges +€905
up €905 (+111.7%), from €810 to €1,716
- Taxes -€672
no longer reported in 2025 (was €672)
- Gross operating margin -€561
down €561 (-14.1%), from €3,980 to €3,420
- Other operating charges -€311
down €311 (-18.8%), from €1,656 to €1,345
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 | €38,728 | €40,577 | +€1,849 | +4.8% |
| Fixed assets | 21/28 | €7,980 | €7,980 | = | 0.0% |
| Financial fixed assets | 28 | €7,980 | €7,980 | = | 0.0% |
| Current assets | 29/58 | €30,748 | €32,597 | +€1,849 | +6.0% |
| Stocks and contracts in progress | 3 | €26,500 | €27,000 | +€500 | +1.9% |
| Stocks | 30/36 | €26,500 | €27,000 | +€500 | +1.9% |
| Amounts receivable within one year | 40/41 | €1,162 | €1,259 | +€97 | +8.3% |
| Other amounts receivable | 41 | €1,162 | €1,259 | +€97 | +8.3% |
| Cash at bank and in hand | 54/58 | €3,086 | €4,338 | +€1,252 | +40.6% |
| Total equity and liabilities | 10/49 | €38,728 | €40,577 | +€1,849 | +4.8% |
| Equity | 10/15 | €17,692 | €18,051 | +€358 | +2.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,243 | €1,243 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,243 | €1,243 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,243 | €1,243 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,249 | €10,608 | +€358 | +3.5% |
| Amounts payable | 17/49 | €21,036 | €22,526 | +€1,490 | +7.1% |
| Amounts payable within one year | 42/48 | €21,036 | €22,526 | +€1,490 | +7.1% |
| Trade debts | 44 | €19,860 | €22,022 | +€2,162 | +10.9% |
| Suppliers | 440/4 | €19,860 | €22,022 | +€2,162 | +10.9% |
| Taxes, remuneration and social security | 45 | €672 | - | -€672 | |
| Taxes | 450/3 | €672 | - | -€672 | |
| Other amounts payable | 47/48 | €504 | €504 | = | 0.0% |
| Other operating charges | 640/8 | €1,656 | €1,345 | -€311 | -18.8% |
| Gross operating margin | 9900 | €3,980 | €3,420 | -€561 | -14.1% |
| Operating profit (loss) | 9901 | €2,324 | €2,074 | -€250 | -10.7% |
| Financial charges | 65/66B | €810 | €1,716 | +€905 | +111.7% |
| Recurring financial charges | 65 | €810 | €1,716 | +€905 | +111.7% |
| Profit (loss) for the period before taxes | 9903 | €1,513 | €358 | -€1,155 | -76.3% |
| Income taxes | 67/77 | €672 | - | -€672 | |
| Profit (loss) for the period | 9904 | €842 | €358 | -€483 | -57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €842 | €358 | -€483 | -57.4% |
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 9 October 2026 via checked.be.