Kestor: 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.
Kestor
Largest movements
- Tangible fixed assets -€4,204
down €4,204 (-2.1%), from €200,642 to €196,438
of which Land and buildings: -€3,440
- Cash -€2,371
down €2,371 (-94.3%), from €2,513 to €142
mainly Net result for the year (-€4,212) and Other debts (-€3,637)
- Profit (loss) carried forward -€4,212
down €4,212 (-3.2%), from -€129,727 to -€133,939
- Other debts -€3,637
down €3,637 (-1.5%), from €246,116 to €242,479
- Gross operating margin -€3,532
down €3,532 (-43.2%), from €8,167 to €4,635
- Other operating charges +€254
up €254 (+6.9%), from €3,677 to €3,931
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 | €205,725 | €198,469 | -€7,256 | -3.5% |
| Fixed assets | 21/28 | €200,642 | €196,438 | -€4,204 | -2.1% |
| Tangible fixed assets | 22/27 | €200,642 | €196,438 | -€4,204 | -2.1% |
| Land and buildings | 22 | €199,115 | €195,675 | -€3,440 | -1.7% |
| Furniture and vehicles | 24 | €1,527 | €764 | -€764 | -50.0% |
| Current assets | 29/58 | €5,083 | €2,031 | -€3,052 | -60.0% |
| Amounts receivable within one year | 40/41 | €1,041 | €605 | -€435 | -41.8% |
| Trade receivables | 40 | €1,041 | €605 | -€435 | -41.8% |
| Cash at bank and in hand | 54/58 | €2,513 | €142 | -€2,371 | -94.3% |
| Deferred charges and accrued income | 490/1 | €1,529 | €1,284 | -€246 | -16.1% |
| Total equity and liabilities | 10/49 | €205,725 | €198,469 | -€7,256 | -3.5% |
| Equity | 10/15 | -€42,806 | -€47,018 | -€4,212 | -9.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €24,947 | €24,947 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€129,727 | -€133,939 | -€4,212 | -3.2% |
| Amounts payable | 17/49 | €248,531 | €245,487 | -€3,044 | -1.2% |
| Amounts payable within one year | 42/48 | €248,531 | €245,487 | -€3,044 | -1.2% |
| Trade debts | 44 | €2,249 | €2,833 | +€584 | +26.0% |
| Suppliers | 440/4 | €2,249 | €2,833 | +€584 | +26.0% |
| Taxes, remuneration and social security | 45 | €167 | €175 | +€9 | +5.2% |
| Taxes | 450/3 | €167 | €175 | +€9 | +5.2% |
| Other amounts payable | 47/48 | €246,116 | €242,479 | -€3,637 | -1.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,204 | €4,204 | = | 0.0% |
| Other operating charges | 640/8 | €3,677 | €3,931 | +€254 | +6.9% |
| Gross operating margin | 9900 | €8,167 | €4,635 | -€3,532 | -43.2% |
| Operating profit (loss) | 9901 | €286 | -€3,500 | -€3,786 | |
| Financial charges | 65/66B | €502 | €537 | +€34 | +6.9% |
| Recurring financial charges | 65 | €502 | €537 | +€34 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | -€216 | -€4,037 | -€3,821 | -1770.2% |
| Income taxes | 67/77 | €167 | €175 | +€9 | +5.2% |
| Profit (loss) for the period | 9904 | -€383 | -€4,212 | -€3,830 | -1001.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€383 | -€4,212 | -€3,830 | -1001.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.