Kestelyn Consulting: 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.
Kestelyn Consulting
Largest movements
- Cash +€20,720
up €20,720 (+44.4%), from €46,631 to €67,351
mainly Net result for the year (+€54,130) and Depreciation (+€1,961)
- Tangible fixed assets +€16,366
up €16,366 (+515%), from €3,177 to €19,543
of which Other tangible fixed assets: +€10,092
- Receivables within one year +€15,230
up €15,230 (+137%), from €11,129 to €26,358
of which Trade receivables: +€15,018
- Reserves +€53,297
up €53,297 (+157%), from €33,880 to €87,177
- Gross operating margin +€26,147
up €26,147 (+59.2%), from €44,145 to €70,292
- Taxes +€5,324
up €5,324 (+58.7%), from €9,069 to €14,393
- Depreciation +€1,801
up €1,801 (+1,126%), from €160 to €1,961
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 | €60,936 | €113,252 | +€52,317 | +85.9% |
| Fixed assets | 21/28 | €3,177 | €19,543 | +€16,366 | +515% |
| Tangible fixed assets | 22/27 | €3,177 | €19,543 | +€16,366 | +515% |
| Plant, machinery and equipment | 23 | €2,026 | €3,367 | +€1,341 | +66.2% |
| Furniture and vehicles | 24 | €1,150 | €6,084 | +€4,933 | +429% |
| Other tangible fixed assets | 26 | - | €10,092 | +€10,092 | |
| Current assets | 29/58 | €57,759 | €93,710 | +€35,950 | +62.2% |
| Amounts receivable within one year | 40/41 | €11,129 | €26,358 | +€15,230 | +137% |
| Trade receivables | 40 | €11,129 | €26,146 | +€15,018 | +135% |
| Other amounts receivable | 41 | - | €212 | +€212 | |
| Cash at bank and in hand | 54/58 | €46,631 | €67,351 | +€20,720 | +44.4% |
| Total equity and liabilities | 10/49 | €60,936 | €113,252 | +€52,317 | +85.9% |
| Equity | 10/15 | €36,880 | €90,177 | +€53,297 | +145% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €33,880 | €87,177 | +€53,297 | +157% |
| Distributable reserves | 133 | €33,880 | €87,177 | +€53,297 | +157% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €24,056 | €23,076 | -€980 | -4.1% |
| Amounts payable within one year | 42/48 | €24,056 | €23,076 | -€980 | -4.1% |
| Trade debts | 44 | €258 | €55 | -€203 | -78.6% |
| Suppliers | 440/4 | €258 | €55 | -€203 | -78.6% |
| Taxes, remuneration and social security | 45 | €22,508 | €22,188 | -€321 | -1.4% |
| Taxes | 450/3 | €22,508 | €22,188 | -€321 | -1.4% |
| Other amounts payable | 47/48 | €1,289 | €833 | -€456 | -35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160 | €1,961 | +€1,801 | +1,126% |
| Gross operating margin | 9900 | €44,145 | €70,292 | +€26,147 | +59.2% |
| Operating profit (loss) | 9901 | €43,985 | €68,332 | +€24,346 | +55.4% |
| Financial income | 75/76B | - | €249 | +€249 | |
| Recurring financial income | 75 | - | €249 | +€249 | |
| Financial charges | 65/66B | €203 | €58 | -€146 | -71.7% |
| Recurring financial charges | 65 | €203 | €58 | -€146 | -71.7% |
| Profit (loss) for the period before taxes | 9903 | €43,782 | €68,523 | +€24,741 | +56.5% |
| Income taxes | 67/77 | €9,069 | €14,393 | +€5,324 | +58.7% |
| Profit (loss) for the period | 9904 | €34,713 | €54,130 | +€19,417 | +55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,713 | €54,130 | +€19,417 | +55.9% |
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 19 October 2026 via checked.be.