KESSELER SPRL: what changed
What changed
KESSELER SPRL
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
-€213
2025 · €2,432-€2,645
Equity
€788,858
2025 · €789,071-€213
Cash
€576,817
2025 · €822,770-€245,952
Balance sheet total
€830,837
2025 · €873,912-€43,075
Largest movements
Assets
- Cash -€245,952
down €245,952 (-29.9%), from €822,770 to €576,817
mainly Current investments (-€200,000) and Other debts (-€40,153)
- Current investments +€200,000
new in 2026: €200,000
Equity and liabilities
- Other debts -€40,153
down €40,153 (-54.4%), from €73,756 to €33,603
Income statement
- Provisions +€3,000
no longer reported in 2026 (was -€3,000)
- Financial income -€1,747
down €1,747 (-43.9%), from €3,984 to €2,237
- Gross operating margin +€1,108
up €1,108 (+8.2%), from €13,498 to €14,606
- Taxes -€636
down €636 (-21.4%), from €2,969 to €2,333
- Financial charges -€473
down €473 (-81.8%), from €578 to €105
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€2,432
Gross operating margin
+€1,108
Depreciation
+€29
Provisions
-€3,000
Other operating charges
-€142
Financial income
-€1,747
Financial charges
+€473
Taxes
+€636
Result 2026
-€213
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€37,301
Investment
-€208,652
Financing
€0
Cash 2025
€822,770
From operations (derived)
-€37,301
Net result for the year
-€213
Depreciation
+€10,510
Receivables within one year
-€3,398
Deferred charges and accrued income
-€1,339
Trade debts
-€1,637
Tax, wage and social debts
-€572
Other debts
-€40,153
Accrued charges and deferred income
-€500
Investment (derived)
-€208,652
Investment in fixed assets (net)
-€8,652
Current investments
-€200,000
Cash 2026
€576,817
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €873,912 | €830,837 | -€43,075 | -4.9% |
| Fixed assets | 21/28 | €25,227 | €23,368 | -€1,859 | -7.4% |
| Tangible fixed assets | 22/27 | €25,227 | €23,368 | -€1,859 | -7.4% |
| Land and buildings | 22 | €9,916 | €18,387 | +€8,471 | +85.4% |
| Furniture and vehicles | 24 | €15,311 | €4,981 | -€10,330 | -67.5% |
| Current assets | 29/58 | €848,685 | €807,469 | -€41,216 | -4.9% |
| Amounts receivable within one year | 40/41 | €24,511 | €27,908 | +€3,398 | +13.9% |
| Trade receivables | 40 | €24,511 | €25,786 | +€1,275 | +5.2% |
| Other amounts receivable | 41 | - | €2,122 | +€2,122 | |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €822,770 | €576,817 | -€245,952 | -29.9% |
| Deferred charges and accrued income | 490/1 | €1,405 | €2,743 | +€1,339 | +95.3% |
| Total equity and liabilities | 10/49 | €873,912 | €830,837 | -€43,075 | -4.9% |
| Equity | 10/15 | €789,071 | €788,858 | -€213 | 0.0% |
| Contributions | 10/11 | €427,770 | €427,770 | = | 0.0% |
| Reserves | 13 | €361,301 | €361,301 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,901 | €24,901 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,901 | €24,901 | = | 0.0% |
| Tax-exempt reserves | 132 | €420 | €420 | = | 0.0% |
| Distributable reserves | 133 | €335,979 | €335,979 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€213 | -€213 | |
| Amounts payable | 17/49 | €84,841 | €41,979 | -€42,862 | -50.5% |
| Amounts payable within one year | 42/48 | €79,841 | €37,479 | -€42,362 | -53.1% |
| Trade debts | 44 | €4,995 | €3,358 | -€1,637 | -32.8% |
| Suppliers | 440/4 | €4,995 | €3,358 | -€1,637 | -32.8% |
| Taxes, remuneration and social security | 45 | €1,090 | €519 | -€572 | -52.4% |
| Taxes | 450/3 | €1,090 | €519 | -€572 | -52.4% |
| Other amounts payable | 47/48 | €73,756 | €33,603 | -€40,153 | -54.4% |
| Accrued charges and deferred income | 492/3 | €5,000 | €4,500 | -€500 | -10.0% |
| Non-recurring operating income | 76A | - | €5,242 | +€5,242 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,539 | €10,510 | -€29 | -0.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,000 | - | +€3,000 | |
| Other operating charges | 640/8 | €3,965 | €4,107 | +€142 | +3.6% |
| Gross operating margin | 9900 | €13,498 | €14,606 | +€1,108 | +8.2% |
| Operating profit (loss) | 9901 | €1,994 | -€12 | -€2,006 | |
| Financial income | 75/76B | €3,984 | €2,237 | -€1,747 | -43.9% |
| Recurring financial income | 75 | €3,984 | €2,237 | -€1,747 | -43.9% |
| Financial charges | 65/66B | €578 | €105 | -€473 | -81.8% |
| Recurring financial charges | 65 | €578 | €105 | -€473 | -81.8% |
| Profit (loss) for the period before taxes | 9903 | €5,401 | €2,120 | -€3,281 | -60.8% |
| Income taxes | 67/77 | €2,969 | €2,333 | -€636 | -21.4% |
| Profit (loss) for the period | 9904 | €2,432 | -€213 | -€2,645 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,432 | -€213 | -€2,645 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.