KESTELOOT ALEXANDRE: 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.
KESTELOOT ALEXANDRE
Largest movements
- Receivables within one year +€6,681
up €6,681 (+115%), from €5,804 to €12,485
of which Trade receivables: +€3,790
- Cash -€2,498
down €2,498 (-44.0%), from €5,678 to €3,180
mainly Receivables within one year (-€6,681) and Trade debts (-€1,580)
- Tangible fixed assets -€1,201
down €1,201 (-63.5%), from €1,891 to €690
of which Furniture and vehicles: -€833
- Deferred charges and accrued income -€385
down €385 (-65.9%), from €585 to €199
- Tax, wage and social debts +€2,336
up €2,336 (+60.4%), from €3,867 to €6,203
of which Remuneration and social security: +€1,840
- Trade debts -€1,580
down €1,580 (-72.8%), from €2,170 to €590
- Accrued charges and deferred income +€1,110
new in 2025: €1,110
- Reserves +€730
up €730 (+10.5%), from €6,921 to €7,651
- Gross operating margin -€8,932
down €8,932 (-76.6%), from €11,655 to €2,723
- Taxes -€760
down €760 (-48.0%), from €1,583 to €824
- Financial income +€190
up €190 (+262%), from €73 to €263
- Other operating charges -€139
down €139 (-50.3%), from €277 to €138
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.
Derived cash bridge
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 | €13,958 | €16,554 | +€2,597 | +18.6% |
| Fixed assets | 21/28 | €1,891 | €690 | -€1,201 | -63.5% |
| Tangible fixed assets | 22/27 | €1,891 | €690 | -€1,201 | -63.5% |
| Plant, machinery and equipment | 23 | €1,058 | €690 | -€368 | -34.8% |
| Furniture and vehicles | 24 | €833 | €0 | -€833 | -100% |
| Current assets | 29/58 | €12,066 | €15,864 | +€3,798 | +31.5% |
| Amounts receivable within one year | 40/41 | €5,804 | €12,485 | +€6,681 | +115% |
| Trade receivables | 40 | €2,713 | €6,504 | +€3,790 | +140% |
| Other amounts receivable | 41 | €3,090 | €5,981 | +€2,891 | +93.5% |
| Cash at bank and in hand | 54/58 | €5,678 | €3,180 | -€2,498 | -44.0% |
| Deferred charges and accrued income | 490/1 | €585 | €199 | -€385 | -65.9% |
| Total equity and liabilities | 10/49 | €13,958 | €16,554 | +€2,597 | +18.6% |
| Equity | 10/15 | €7,921 | €8,651 | +€730 | +9.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €6,921 | €7,651 | +€730 | +10.5% |
| Distributable reserves | 133 | €6,921 | €7,651 | +€730 | +10.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €6,036 | €7,903 | +€1,867 | +30.9% |
| Amounts payable within one year | 42/48 | €6,036 | €6,793 | +€757 | +12.5% |
| Trade debts | 44 | €2,170 | €590 | -€1,580 | -72.8% |
| Suppliers | 440/4 | €2,170 | €590 | -€1,580 | -72.8% |
| Taxes, remuneration and social security | 45 | €3,867 | €6,203 | +€2,336 | +60.4% |
| Taxes | 450/3 | €3,867 | €4,363 | +€497 | +12.8% |
| Remuneration and social security | 454/9 | - | €1,840 | +€1,840 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €1,110 | +€1,110 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,188 | €1,201 | +€13 | +1.1% |
| Other operating charges | 640/8 | €277 | €138 | -€139 | -50.3% |
| Gross operating margin | 9900 | €11,655 | €2,723 | -€8,932 | -76.6% |
| Operating profit (loss) | 9901 | €10,190 | €1,384 | -€8,806 | -86.4% |
| Financial income | 75/76B | €73 | €263 | +€190 | +262% |
| Recurring financial income | 75 | €73 | €263 | +€190 | +262% |
| Financial charges | 65/66B | €204 | €94 | -€111 | -54.2% |
| Recurring financial charges | 65 | €204 | €94 | -€111 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | €10,058 | €1,554 | -€8,505 | -84.6% |
| Income taxes | 67/77 | €1,583 | €824 | -€760 | -48.0% |
| Profit (loss) for the period | 9904 | €8,475 | €730 | -€7,745 | -91.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,475 | €730 | -€7,745 | -91.4% |
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 25 October 2026 via checked.be.