KeTco: 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.
KeTco
Largest movements
- Cash -€16,407
down €16,407 (-64.5%), from €25,453 to €9,046
mainly Debts after one year (-€98,000) and Tax, wage and social debts (-€4,097)
- Receivables within one year -€11,717
down €11,717 (-91.6%), from €12,797 to €1,080
of which Trade receivables: -€12,100
- Tangible fixed assets -€9,617
down €9,617 (-34.5%), from €27,894 to €18,276
of which Furniture and vehicles: -€8,332
- Deferred charges and accrued income +€3,716
up €3,716 (+6370.0%), from €58 to €3,774
- Debts after one year -€98,000
down €98,000 (-67.6%), from €145,000 to €47,000
- Reserves +€65,538
up €65,538 (+44.3%), from €147,851 to €213,389
- Tax, wage and social debts -€4,097
down €4,097 (-45.2%), from €9,072 to €4,975
- Financial income -€4,324
down €4,324 (-15.0%), from €28,884 to €24,560
- Gross operating margin -€957
down €957 (-1.4%), from €66,310 to €65,352
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 | €306,202 | €272,176 | -€34,025 | -11.1% |
| Fixed assets | 21/28 | €267,894 | €258,276 | -€9,617 | -3.6% |
| Tangible fixed assets | 22/27 | €27,894 | €18,276 | -€9,617 | -34.5% |
| Furniture and vehicles | 24 | €16,736 | €8,403 | -€8,332 | -49.8% |
| Other tangible fixed assets | 26 | €11,158 | €9,873 | -€1,285 | -11.5% |
| Financial fixed assets | 28 | €240,000 | €240,000 | = | 0.0% |
| Current assets | 29/58 | €38,308 | €13,900 | -€24,408 | -63.7% |
| Amounts receivable within one year | 40/41 | €12,797 | €1,080 | -€11,717 | -91.6% |
| Trade receivables | 40 | €12,100 | €0 | -€12,100 | -100.0% |
| Other amounts receivable | 41 | €697 | €1,080 | +€383 | +55.0% |
| Cash at bank and in hand | 54/58 | €25,453 | €9,046 | -€16,407 | -64.5% |
| Deferred charges and accrued income | 490/1 | €58 | €3,774 | +€3,716 | +6370.0% |
| Total equity and liabilities | 10/49 | €306,202 | €272,176 | -€34,025 | -11.1% |
| Equity | 10/15 | €148,851 | €214,389 | +€65,538 | +44.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €147,851 | €213,389 | +€65,538 | +44.3% |
| Distributable reserves | 133 | €147,851 | €213,389 | +€65,538 | +44.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €157,351 | €57,788 | -€99,563 | -63.3% |
| Amounts payable after more than one year | 17 | €145,000 | €47,000 | -€98,000 | -67.6% |
| Financial debts | 170/4 | €145,000 | €47,000 | -€98,000 | -67.6% |
| Amounts payable within one year | 42/48 | €12,351 | €10,788 | -€1,563 | -12.7% |
| Trade debts | 44 | €2,029 | €4,493 | +€2,464 | +121.4% |
| Suppliers | 440/4 | €2,029 | €4,493 | +€2,464 | +121.4% |
| Taxes, remuneration and social security | 45 | €9,072 | €4,975 | -€4,097 | -45.2% |
| Taxes | 450/3 | €9,072 | €4,975 | -€4,097 | -45.2% |
| Other amounts payable | 47/48 | €1,250 | €1,320 | +€70 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,549 | €9,617 | +€68 | +0.7% |
| Other operating charges | 640/8 | €180 | €330 | +€150 | +83.1% |
| Gross operating margin | 9900 | €66,310 | €65,352 | -€957 | -1.4% |
| Operating profit (loss) | 9901 | €56,581 | €55,405 | -€1,175 | -2.1% |
| Financial income | 75/76B | €28,884 | €24,560 | -€4,324 | -15.0% |
| Recurring financial income | 75 | €28,884 | €24,560 | -€4,324 | -15.0% |
| Financial charges | 65/66B | €96 | €111 | +€16 | +16.4% |
| Recurring financial charges | 65 | €96 | €111 | +€16 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €85,369 | €79,854 | -€5,515 | -6.5% |
| Income taxes | 67/77 | €14,618 | €14,316 | -€301 | -2.1% |
| Profit (loss) for the period | 9904 | €70,751 | €65,538 | -€5,213 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €70,751 | €65,538 | -€5,213 | -7.4% |
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 11 October 2026 via checked.be.