KET: 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.
KET
Largest movements
- Tangible fixed assets -€19,227
down €19,227 (-27.5%), from €69,964 to €50,737
of which Furniture and vehicles: -€13,361
- Cash -€1,508
down €1,508 (-19.1%), from €7,905 to €6,397
mainly Current portion of long-term debt (-€23,955) and Net result for the year (-€11,247)
- Current portion of long-term debt -€23,955
down €23,955 (-51.1%), from €46,843 to €22,888
- Profit (loss) carried forward -€11,247
down €11,247, from €594 to -€10,653
- Trade debts +€7,558
up €7,558 (+101%), from €7,520 to €15,078
- Tax, wage and social debts +€6,136
up €6,136 (+57.5%), from €10,673 to €16,809
of which Remuneration and social security: +€5,575
- Gross operating margin +€18,043
up €18,043 (+19.8%), from €91,090 to €109,133
- Staff costs +€8,584
up €8,584 (+9.6%), from €89,223 to €97,807
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 | €85,630 | €64,122 | -€21,508 | -25.1% |
| Fixed assets | 21/28 | €73,946 | €54,719 | -€19,227 | -26.0% |
| Tangible fixed assets | 22/27 | €69,964 | €50,737 | -€19,227 | -27.5% |
| Furniture and vehicles | 24 | €45,034 | €31,673 | -€13,361 | -29.7% |
| Other tangible fixed assets | 26 | €24,930 | €19,064 | -€5,866 | -23.5% |
| Financial fixed assets | 28 | €3,982 | €3,982 | = | 0.0% |
| Current assets | 29/58 | €11,684 | €9,403 | -€2,281 | -19.5% |
| Stocks and contracts in progress | 3 | €3,779 | €3,006 | -€773 | -20.5% |
| Stocks | 30/36 | €3,779 | €3,006 | -€773 | -20.5% |
| Cash at bank and in hand | 54/58 | €7,905 | €6,397 | -€1,508 | -19.1% |
| Total equity and liabilities | 10/49 | €85,630 | €64,122 | -€21,508 | -25.1% |
| Equity | 10/15 | €20,594 | €9,347 | -€11,247 | -54.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €594 | -€10,653 | -€11,247 | |
| Amounts payable | 17/49 | €65,036 | €54,775 | -€10,261 | -15.8% |
| Amounts payable within one year | 42/48 | €65,036 | €54,775 | -€10,261 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €46,843 | €22,888 | -€23,955 | -51.1% |
| Trade debts | 44 | €7,520 | €15,078 | +€7,558 | +101% |
| Suppliers | 440/4 | €7,520 | €15,078 | +€7,558 | +101% |
| Taxes, remuneration and social security | 45 | €10,673 | €16,809 | +€6,136 | +57.5% |
| Taxes | 450/3 | €6,362 | €6,923 | +€561 | +8.8% |
| Remuneration and social security | 454/9 | €4,311 | €9,886 | +€5,575 | +129% |
| Remuneration, social security and pensions | 62 | €89,223 | €97,807 | +€8,584 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,204 | €19,227 | -€977 | -4.8% |
| Other operating charges | 640/8 | €1,011 | €911 | -€100 | -9.9% |
| Gross operating margin | 9900 | €91,090 | €109,133 | +€18,043 | +19.8% |
| Operating profit (loss) | 9901 | -€19,348 | -€8,812 | +€10,536 | +54.5% |
| Financial income | 75/76B | - | €36 | +€36 | |
| Recurring financial income | 75 | - | €36 | +€36 | |
| Financial charges | 65/66B | €3,250 | €2,471 | -€779 | -24.0% |
| Recurring financial charges | 65 | €3,250 | €2,471 | -€779 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | -€22,598 | -€11,247 | +€11,351 | +50.2% |
| Profit (loss) for the period | 9904 | -€22,598 | -€11,247 | +€11,351 | +50.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,598 | -€11,247 | +€11,351 | +50.2% |
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.