KETELSLEGERS: 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.
KETELSLEGERS
Largest movements
- Tangible fixed assets -€15,152
down €15,152 (-6.2%), from €245,055 to €229,904
- Receivables within one year +€4,488
up €4,488 (+6.4%), from €70,357 to €74,845
of which Other amounts receivable: +€4,488
- Reserves -€6,285
down €6,285 (-4.0%), from €156,179 to €149,894
of which Tax-exempt reserves: -€6,285
- Gross operating margin -€4,543
down €4,543 (-73.1%), from €6,218 to €1,675
- Financial income +€3,388
new in 2025: €3,388
- Depreciation -€659
down €659 (-4.2%), from €15,810 to €15,152
- Other operating charges +€525
new in 2025: €525
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 | €315,425 | €304,768 | -€10,657 | -3.4% |
| Fixed assets | 21/28 | €245,055 | €229,904 | -€15,152 | -6.2% |
| Tangible fixed assets | 22/27 | €245,055 | €229,904 | -€15,152 | -6.2% |
| Land and buildings | 22 | €245,055 | €229,904 | -€15,152 | -6.2% |
| Current assets | 29/58 | €70,370 | €74,864 | +€4,494 | +6.4% |
| Amounts receivable within one year | 40/41 | €70,357 | €74,845 | +€4,488 | +6.4% |
| Trade receivables | 40 | €10,088 | €10,088 | = | 0.0% |
| Other amounts receivable | 41 | €60,269 | €64,757 | +€4,488 | +7.4% |
| Cash at bank and in hand | 54/58 | €13 | €19 | +€7 | +51.7% |
| Total equity and liabilities | 10/49 | €315,425 | €304,768 | -€10,657 | -3.4% |
| Equity | 10/15 | €192,873 | €184,310 | -€8,562 | -4.4% |
| Contributions | 10/11 | €35,945 | €35,945 | = | 0.0% |
| Reserves | 13 | €156,179 | €149,894 | -€6,285 | -4.0% |
| Non-distributable reserves | 130/1 | €5,494 | €5,494 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,494 | €5,494 | = | 0.0% |
| Tax-exempt reserves | 132 | €108,946 | €102,661 | -€6,285 | -5.8% |
| Distributable reserves | 133 | €41,739 | €41,739 | = | 0.0% |
| Profit (loss) carried forward | 14 | €749 | -€1,528 | -€2,277 | |
| Provisions and deferred taxes | 16 | €36,315 | €34,220 | -€2,095 | -5.8% |
| Deferred taxes | 168 | €36,315 | €34,220 | -€2,095 | -5.8% |
| Amounts payable | 17/49 | €86,237 | €86,237 | = | 0.0% |
| Amounts payable within one year | 42/48 | €86,237 | €86,237 | = | 0.0% |
| Other amounts payable | 47/48 | €86,237 | €86,237 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,810 | €15,152 | -€659 | -4.2% |
| Other operating charges | 640/8 | - | €525 | +€525 | |
| Gross operating margin | 9900 | €6,218 | €1,675 | -€4,543 | -73.1% |
| Operating profit (loss) | 9901 | -€9,592 | -€14,002 | -€4,410 | -46.0% |
| Financial income | 75/76B | - | €3,388 | +€3,388 | |
| Recurring financial income | 75 | - | €3,388 | +€3,388 | |
| Financial charges | 65/66B | €40 | €44 | +€4 | +9.9% |
| Recurring financial charges | 65 | €40 | €44 | +€4 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,631 | -€10,657 | -€1,026 | -10.7% |
| Transfer from deferred taxes | 780 | €2,095 | €2,095 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€7,536 | -€8,562 | -€1,026 | -13.6% |
| Transfer from tax-exempt reserves | 789 | €6,285 | €6,285 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,251 | -€2,277 | -€1,026 | -82.0% |
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 21 October 2026 via checked.be.