KESTENS.COM: 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.
KESTENS.COM
Largest movements
- Receivables within one year +€33,073
up €33,073 (+51.4%), from €64,379 to €97,452
of which Other amounts receivable: +€29,724
- Cash -€20,084
down €20,084 (-71.9%), from €27,944 to €7,860
mainly Receivables within one year (-€33,073) and Debts after one year (-€14,939)
- Tangible fixed assets -€13,800
down €13,800 (-16.6%), from €83,113 to €69,313
of which Furniture and vehicles: -€15,364
- Debts after one year -€14,939
down €14,939 (-31.3%), from €47,795 to €32,856
- Reserves +€12,311
up €12,311 (+7.5%), from €163,110 to €175,421
of which Distributable reserves: +€12,311
- Gross operating margin -€11,314
down €11,314 (-22.2%), from €50,973 to €39,659
- Taxes -€6,888
down €6,888 (-53.7%), from €12,831 to €5,943
- Depreciation +€1,708
up €1,708 (+8.7%), from €19,725 to €21,433
- Financial income +€946
up €946 (+33.1%), from €2,858 to €3,804
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 | €247,301 | €247,039 | -€262 | -0.1% |
| Fixed assets | 21/28 | €149,780 | €135,980 | -€13,800 | -9.2% |
| Tangible fixed assets | 22/27 | €83,113 | €69,313 | -€13,800 | -16.6% |
| Plant, machinery and equipment | 23 | - | €1,564 | +€1,564 | |
| Furniture and vehicles | 24 | €83,113 | €67,749 | -€15,364 | -18.5% |
| Financial fixed assets | 28 | €66,667 | €66,667 | = | 0.0% |
| Current assets | 29/58 | €97,521 | €111,059 | +€13,538 | +13.9% |
| Amounts receivable within one year | 40/41 | €64,379 | €97,452 | +€33,073 | +51.4% |
| Trade receivables | 40 | €12,548 | €15,897 | +€3,349 | +26.7% |
| Other amounts receivable | 41 | €51,831 | €81,555 | +€29,724 | +57.3% |
| Cash at bank and in hand | 54/58 | €27,944 | €7,860 | -€20,084 | -71.9% |
| Deferred charges and accrued income | 490/1 | €5,198 | €5,747 | +€549 | +10.6% |
| Total equity and liabilities | 10/49 | €247,301 | €247,039 | -€262 | -0.1% |
| Equity | 10/15 | €169,310 | €181,621 | +€12,311 | +7.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €163,110 | €175,421 | +€12,311 | +7.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €142,500 | €154,811 | +€12,311 | +8.6% |
| Amounts payable | 17/49 | €77,991 | €65,418 | -€12,573 | -16.1% |
| Amounts payable after more than one year | 17 | €47,795 | €32,856 | -€14,939 | -31.3% |
| Financial debts | 170/4 | €47,795 | €32,856 | -€14,939 | -31.3% |
| Amounts payable within one year | 42/48 | €28,615 | €32,562 | +€3,947 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €14,424 | €14,939 | +€515 | +3.6% |
| Financial debts | 43 | €2,543 | €2,706 | +€163 | +6.4% |
| Credit institutions | 430/8 | €2,543 | €2,706 | +€163 | +6.4% |
| Trade debts | 44 | €1,924 | €3,576 | +€1,652 | +85.9% |
| Suppliers | 440/4 | €1,924 | €3,576 | +€1,652 | +85.9% |
| Taxes, remuneration and social security | 45 | €9,724 | €11,341 | +€1,617 | +16.6% |
| Taxes | 450/3 | €9,724 | €11,341 | +€1,617 | +16.6% |
| Accrued charges and deferred income | 492/3 | €1,581 | - | -€1,581 | |
| Non-recurring operating income | 76A | €15,500 | - | -€15,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,725 | €21,433 | +€1,708 | +8.7% |
| Other operating charges | 640/8 | €1,193 | €1,168 | -€25 | -2.1% |
| Gross operating margin | 9900 | €50,973 | €39,659 | -€11,314 | -22.2% |
| Operating profit (loss) | 9901 | €30,055 | €17,058 | -€12,997 | -43.2% |
| Financial income | 75/76B | €2,858 | €3,804 | +€946 | +33.1% |
| Recurring financial income | 75 | €2,858 | €3,804 | +€946 | +33.1% |
| Financial charges | 65/66B | €2,828 | €2,608 | -€220 | -7.8% |
| Recurring financial charges | 65 | €2,828 | €2,608 | -€220 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €30,085 | €18,254 | -€11,831 | -39.3% |
| Income taxes | 67/77 | €12,831 | €5,943 | -€6,888 | -53.7% |
| Profit (loss) for the period | 9904 | €17,254 | €12,311 | -€4,943 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,254 | €12,311 | -€4,943 | -28.6% |
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 27 October 2026 via checked.be.