KESTAR: 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.
KESTAR
Largest movements
- Cash +€14,541
up €14,541 (+1649.4%), from €882 to €15,423
mainly Other debts (+€20,227) and Deferred charges and accrued income (+€121)
- Other debts +€20,227
up €20,227 (+7159.8%), from €283 to €20,509
- Profit (loss) carried forward -€5,580
down €5,580 (-7.4%), from -€74,947 to -€80,527
- Trade debts -€227
no longer reported in 2025 (was €227)
- Gross operating margin +€324
up €324 (+6.0%), from -€5,434 to -€5,110
- Other operating charges +€82
up €82 (+21.3%), from €387 to €470
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 | €5,562 | €19,982 | +€14,420 | +259.3% |
| Current assets | 29/58 | €5,562 | €19,982 | +€14,420 | +259.3% |
| Amounts receivable within one year | 40/41 | €3,652 | €3,652 | = | 0.0% |
| Other amounts receivable | 41 | €3,652 | €3,652 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €882 | €15,423 | +€14,541 | +1649.4% |
| Deferred charges and accrued income | 490/1 | €1,029 | €908 | -€121 | -11.8% |
| Total equity and liabilities | 10/49 | €5,562 | €19,982 | +€14,420 | +259.3% |
| Equity | 10/15 | €5,053 | -€527 | -€5,580 | |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,947 | -€80,527 | -€5,580 | -7.4% |
| Amounts payable | 17/49 | €509 | €20,509 | +€20,000 | +3929.3% |
| Amounts payable within one year | 42/48 | €509 | €20,509 | +€20,000 | +3929.3% |
| Trade debts | 44 | €227 | - | -€227 | |
| Suppliers | 440/4 | €227 | - | -€227 | |
| Other amounts payable | 47/48 | €283 | €20,509 | +€20,227 | +7159.8% |
| Other operating charges | 640/8 | €387 | €470 | +€82 | +21.3% |
| Gross operating margin | 9900 | -€5,434 | -€5,110 | +€324 | +6.0% |
| Operating profit (loss) | 9901 | -€5,822 | -€5,580 | +€242 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,822 | -€5,580 | +€242 | +4.2% |
| Profit (loss) for the period | 9904 | -€5,822 | -€5,580 | +€242 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,822 | -€5,580 | +€242 | +4.2% |
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 10 October 2026 via checked.be.