KETELS BART: what changed
What changed
KETELS BART
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
-€837
2024 · €33,776-€34,613
Equity
€199,912
2024 · €200,749-€837
Cash
€1,206
2024 · €3,755-€2,549
Balance sheet total
€955,590
2024 · €925,461+€30,129
Largest movements
Assets
- Tangible fixed assets +€22,166
up €22,166 (+2.5%), from €887,257 to €909,423
of which Land and buildings: +€37,806
Equity and liabilities
- Debts after one year +€27,948
up €27,948 (+4.5%), from €619,682 to €647,631
- Trade debts +€18,713
up €18,713 (+261%), from €7,163 to €25,877
- Current portion of long-term debt +€13,870
up €13,870 (+26.0%), from €53,298 to €67,169
- Other debts -€10,000
down €10,000 (-100%), from €10,000 to €0
- Accrued charges and deferred income -€9,934
down €9,934 (-100%), from €9,934 to €0
Income statement
- Gross operating margin -€42,719
down €42,719 (-32.2%), from €132,675 to €89,956
- Taxes -€6,314
down €6,314 (-95.5%), from €6,613 to €298
- Other operating charges -€4,588
down €4,588 (-45.9%), from €9,993 to €5,405
- Financial income -€1,997
down €1,997 (-59.3%), from €3,366 to €1,369
- Depreciation +€1,635
up €1,635 (+2.7%), from €61,359 to €62,993
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
€33,776
Gross operating margin
-€42,719
Depreciation
-€1,635
Other operating charges
+€4,588
Financial income
-€1,997
Financial charges
+€835
Taxes
+€6,314
Result 2025
-€837
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
+€40,424
Investment
-€84,050
Financing
+€41,077
Cash 2024
€3,755
From operations (derived)
+€40,424
Net result for the year
-€837
Depreciation
+€62,993
Receivables within one year
-€4,574
Deferred charges and accrued income
-€7,047
Trade debts
+€18,713
Tax, wage and social debts
-€8,890
Other debts
-€10,000
Accrued charges and deferred income
-€9,934
Investment (derived)
-€84,050
Investment in fixed assets (net)
-€84,050
Financing
+€41,077
Debts after one year
+€27,948
Current portion of long-term debt
+€13,870
Short-term financial debts
-€742
Cash 2025
€1,206
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €925,461 | €955,590 | +€30,129 | +3.3% |
| Fixed assets | 21/28 | €888,367 | €909,423 | +€21,056 | +2.4% |
| Tangible fixed assets | 22/27 | €887,257 | €909,423 | +€22,166 | +2.5% |
| Land and buildings | 22 | €829,293 | €867,099 | +€37,806 | +4.6% |
| Plant, machinery and equipment | 23 | €306 | €1,481 | +€1,175 | +384% |
| Furniture and vehicles | 24 | €57,657 | €40,843 | -€16,814 | -29.2% |
| Financial fixed assets | 28 | €1,110 | €0 | -€1,110 | -100% |
| Current assets | 29/58 | €37,094 | €46,166 | +€9,072 | +24.5% |
| Amounts receivable within one year | 40/41 | €32,548 | €37,123 | +€4,574 | +14.1% |
| Trade receivables | 40 | €11,689 | €7,444 | -€4,246 | -36.3% |
| Other amounts receivable | 41 | €20,859 | €29,679 | +€8,820 | +42.3% |
| Cash at bank and in hand | 54/58 | €3,755 | €1,206 | -€2,549 | -67.9% |
| Deferred charges and accrued income | 490/1 | €791 | €7,837 | +€7,047 | +891% |
| Total equity and liabilities | 10/49 | €925,461 | €955,590 | +€30,129 | +3.3% |
| Equity | 10/15 | €200,749 | €199,912 | -€837 | -0.4% |
| Contributions | 10/11 | €46,250 | €46,250 | = | 0.0% |
| Reserves | 13 | €154,423 | €154,423 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,625 | €4,625 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,625 | €4,625 | = | 0.0% |
| Distributable reserves | 133 | €149,798 | €149,798 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76 | -€761 | -€837 | |
| Amounts payable | 17/49 | €724,712 | €755,678 | +€30,966 | +4.3% |
| Amounts payable after more than one year | 17 | €619,682 | €647,631 | +€27,948 | +4.5% |
| Financial debts | 170/4 | €619,682 | €647,631 | +€27,948 | +4.5% |
| Amounts payable within one year | 42/48 | €95,095 | €108,047 | +€12,952 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €53,298 | €67,169 | +€13,870 | +26.0% |
| Financial debts | 43 | €8,833 | €8,091 | -€742 | -8.4% |
| Credit institutions | 430/8 | €8,833 | €8,091 | -€742 | -8.4% |
| Trade debts | 44 | €7,163 | €25,877 | +€18,713 | +261% |
| Suppliers | 440/4 | €7,163 | €25,877 | +€18,713 | +261% |
| Taxes, remuneration and social security | 45 | €15,801 | €6,911 | -€8,890 | -56.3% |
| Taxes | 450/3 | €15,801 | €6,911 | -€8,890 | -56.3% |
| Other amounts payable | 47/48 | €10,000 | €0 | -€10,000 | -100% |
| Accrued charges and deferred income | 492/3 | €9,934 | €0 | -€9,934 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,359 | €62,993 | +€1,635 | +2.7% |
| Other operating charges | 640/8 | €9,993 | €5,405 | -€4,588 | -45.9% |
| Gross operating margin | 9900 | €132,675 | €89,956 | -€42,719 | -32.2% |
| Operating profit (loss) | 9901 | €61,324 | €21,558 | -€39,766 | -64.8% |
| Financial income | 75/76B | €3,366 | €1,369 | -€1,997 | -59.3% |
| Recurring financial income | 75 | €3,366 | €1,369 | -€1,997 | -59.3% |
| Financial charges | 65/66B | €24,300 | €23,465 | -€835 | -3.4% |
| Recurring financial charges | 65 | €24,300 | €23,465 | -€835 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €40,389 | -€539 | -€40,927 | |
| Income taxes | 67/77 | €6,613 | €298 | -€6,314 | -95.5% |
| Profit (loss) for the period | 9904 | €33,776 | -€837 | -€34,613 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,776 | -€837 | -€34,613 |
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 6 November 2026 via checked.be.