KETEL SERVICE: what changed
What changed
KETEL SERVICE
NACE 43.221, Plumbing work
filed annual accounts (NBB)
Net result for the year
€24,012
2024 · -€311+€24,323
Equity
€137,843
2024 · €105,840+€32,003
Cash
€82,320
2024 · €67,181+€15,139
Balance sheet total
€155,242
2024 · €141,834+€13,408
Largest movements
Assets
- Cash +€15,139
up €15,139 (+22.5%), from €67,181 to €82,320
mainly Net result for the year (+€24,012) and Contributions, distributions and other (+€7,991)
- Receivables within one year -€2,498
down €2,498 (-4.2%), from €58,801 to €56,303
of which Trade receivables: -€6,060
Equity and liabilities
- Profit (loss) carried forward +€32,003
up €32,003 (+43.7%), from €73,315 to €105,318
- Other debts -€20,820
down €20,820 (-100.0%), from €20,827 to €7
- Trade debts -€4,555
down €4,555 (-52.0%), from €8,760 to €4,206
- Tax, wage and social debts +€4,361
up €4,361 (+68.1%), from €6,406 to €10,767
of which Remuneration and social security: +€5,561
Income statement
- Gross operating margin +€37,754
up €37,754 (+65.7%), from €57,437 to €95,191
- Staff costs +€20,103
up €20,103 (+40.5%), from €49,619 to €69,722
- Taxes -€6,842
down €6,842, from €5,871 to -€971
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€311
Gross operating margin
+€37,754
Staff costs
-€20,103
Depreciation
-€211
Other operating charges
-€34
Financial income
-€54
Financial charges
+€128
Taxes
+€6,842
Result 2025
€24,012
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€7,738
Investment
-€591
Financing
+€7,991
Cash 2024
€67,181
From operations (derived)
+€7,738
Net result for the year
+€24,012
Depreciation
+€1,635
Stocks and contracts
-€1,408
Receivables within one year
+€2,498
Deferred charges and accrued income
-€403
Trade debts
-€4,555
Tax, wage and social debts
+€4,361
Advances received
+€1,319
Other debts
-€20,820
Accrued charges and deferred income
+€1,100
Investment (derived)
-€591
Investment in fixed assets (net)
-€591
Financing
+€7,991
Contributions, distributions and other
+€7,991
Cash 2025
€82,320
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,834 | €155,242 | +€13,408 | +9.5% |
| Fixed assets | 21/28 | €5,350 | €4,305 | -€1,044 | -19.5% |
| Tangible fixed assets | 22/27 | €5,350 | €4,305 | -€1,044 | -19.5% |
| Furniture and vehicles | 24 | €5,350 | €4,305 | -€1,044 | -19.5% |
| Current assets | 29/58 | €136,484 | €150,936 | +€14,452 | +10.6% |
| Stocks and contracts in progress | 3 | €10,052 | €11,460 | +€1,408 | +14.0% |
| Stocks | 30/36 | €10,052 | €11,460 | +€1,408 | +14.0% |
| Amounts receivable within one year | 40/41 | €58,801 | €56,303 | -€2,498 | -4.2% |
| Trade receivables | 40 | €53,528 | €47,468 | -€6,060 | -11.3% |
| Other amounts receivable | 41 | €5,272 | €8,834 | +€3,562 | +67.6% |
| Cash at bank and in hand | 54/58 | €67,181 | €82,320 | +€15,139 | +22.5% |
| Deferred charges and accrued income | 490/1 | €450 | €853 | +€403 | +89.4% |
| Total equity and liabilities | 10/49 | €141,834 | €155,242 | +€13,408 | +9.5% |
| Equity | 10/15 | €105,840 | €137,843 | +€32,003 | +30.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,925 | €13,925 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €12,065 | €12,065 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,315 | €105,318 | +€32,003 | +43.7% |
| Amounts payable | 17/49 | €35,994 | €17,398 | -€18,595 | -51.7% |
| Amounts payable within one year | 42/48 | €35,994 | €16,298 | -€19,695 | -54.7% |
| Trade debts | 44 | €8,760 | €4,206 | -€4,555 | -52.0% |
| Suppliers | 440/4 | €8,760 | €4,206 | -€4,555 | -52.0% |
| Advances received on contracts in progress | 46 | - | €1,319 | +€1,319 | |
| Taxes, remuneration and social security | 45 | €6,406 | €10,767 | +€4,361 | +68.1% |
| Taxes | 450/3 | €1,200 | - | -€1,200 | |
| Remuneration and social security | 454/9 | €5,206 | €10,767 | +€5,561 | +107% |
| Other amounts payable | 47/48 | €20,827 | €7 | -€20,820 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €1,100 | +€1,100 | |
| Remuneration, social security and pensions | 62 | €49,619 | €69,722 | +€20,103 | +40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,424 | €1,635 | +€211 | +14.8% |
| Other operating charges | 640/8 | €827 | €860 | +€34 | +4.1% |
| Gross operating margin | 9900 | €57,437 | €95,191 | +€37,754 | +65.7% |
| Operating profit (loss) | 9901 | €5,567 | €22,974 | +€17,407 | +313% |
| Financial income | 75/76B | €121 | €67 | -€54 | -44.8% |
| Recurring financial income | 75 | €121 | €67 | -€54 | -44.8% |
| Financial charges | 65/66B | €128 | €0 | -€128 | -100.0% |
| Recurring financial charges | 65 | €128 | €0 | -€128 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €5,559 | €23,041 | +€17,481 | +314% |
| Income taxes | 67/77 | €5,871 | -€971 | -€6,842 | |
| Profit (loss) for the period | 9904 | -€311 | €24,012 | +€24,323 | |
| Profit (loss) for the period to be appropriated | 9905 | -€311 | €24,012 | +€24,323 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.