Kestimo: what changed
Two fiscal 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.
Kestimo
Largest movements
- Cash -€61,986
down €61,986 (-56.9%), from €108,915 to €46,929
mainly Other debts (-€40,000) and Current investments (-€20,000)
- Current investments +€20,000
up €20,000 (+4.4%), from €450,000 to €470,000
- Other debts -€40,000
no longer reported in 2024 (was €40,000)
- Gross operating margin -€64,429
down €64,429, from €59,030 to -€5,399
- Taxes -€12,438
down €12,438 (-72.9%), from €17,064 to €4,626
- Financial income +€6,478
up €6,478 (+82.8%), from €7,826 to €14,304
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,225,148 | €1,183,162 | -€41,986 | -3.4% |
| Current assets | 29/58 | €1,225,148 | €1,183,162 | -€41,986 | -3.4% |
| Stocks and contracts in progress | 3 | €664,945 | €664,945 | = | 0.0% |
| Stocks | 30/36 | €664,945 | €664,945 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,288 | €1,288 | = | 0.0% |
| Other amounts receivable | 41 | €1,288 | €1,288 | = | 0.0% |
| Current investments | 50/53 | €450,000 | €470,000 | +€20,000 | +4.4% |
| Cash at bank and in hand | 54/58 | €108,915 | €46,929 | -€61,986 | -56.9% |
| Total equity and liabilities | 10/49 | €1,225,148 | €1,183,162 | -€41,986 | -3.4% |
| Equity | 10/15 | €1,180,729 | €1,181,983 | +€1,254 | +0.1% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €171,637 | €171,637 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €71,637 | €71,637 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,092 | €10,346 | +€1,254 | +13.8% |
| Amounts payable | 17/49 | €44,419 | €1,179 | -€43,240 | -97.3% |
| Amounts payable within one year | 42/48 | €44,169 | €1,179 | -€42,990 | -97.3% |
| Trade debts | 44 | €4,169 | €1,179 | -€2,990 | -71.7% |
| Suppliers | 440/4 | €4,169 | €1,179 | -€2,990 | -71.7% |
| Other amounts payable | 47/48 | €40,000 | - | -€40,000 | |
| Accrued charges and deferred income | 492/3 | €250 | - | -€250 | |
| Other operating charges | 640/8 | €2,130 | €2,370 | +€240 | +11.3% |
| Gross operating margin | 9900 | €59,030 | -€5,399 | -€64,429 | |
| Operating profit (loss) | 9901 | €56,900 | -€7,769 | -€64,669 | |
| Financial income | 75/76B | €7,826 | €14,304 | +€6,478 | +82.8% |
| Recurring financial income | 75 | €7,826 | €14,304 | +€6,478 | +82.8% |
| Financial charges | 65/66B | €530 | €655 | +€125 | +23.6% |
| Recurring financial charges | 65 | €530 | €655 | +€125 | +23.6% |
| Profit (loss) for the period before taxes | 9903 | €64,196 | €5,880 | -€58,316 | -90.8% |
| Income taxes | 67/77 | €17,064 | €4,626 | -€12,438 | -72.9% |
| Profit (loss) for the period | 9904 | €47,132 | €1,254 | -€45,878 | -97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,132 | €1,254 | -€45,878 | -97.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.