KETER BELGIUM: 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.
KETER BELGIUM
Largest movements
- Receivables within one year -€817,505
down €817,505 (-28.5%), from €2.9m to €2.1m
of which Other amounts receivable: -€792,443
- Other debts -€700,000
no longer reported in 2025 (was €700,000)
- Tax, wage and social debts -€205,389
down €205,389 (-83.5%), from €245,881 to €40,492
of which Taxes: -€141,363
- Profit (loss) carried forward +€122,426
up €122,426 (+69.3%), from €176,696 to €299,122
- Trade debts -€34,542
no longer reported in 2025 (was €34,542)
- Gross operating margin -€63,828
down €63,828 (-14.9%), from €427,977 to €364,149
- Taxes -€19,339
down €19,339 (-32.8%), from €58,885 to €39,546
- Other operating charges -€18,790
down €18,790 (-94.0%), from €19,998 to €1,208
- Financial income -€14,493
down €14,493 (-11.4%), from €127,524 to €113,031
- Write-downs +€9,292
new in 2025: €9,292
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,870,353 | €2,052,848 | -€817,505 | -28.5% |
| Current assets | 29/58 | €2,870,353 | €2,052,848 | -€817,505 | -28.5% |
| Amounts receivable within one year | 40/41 | €2,870,353 | €2,052,848 | -€817,505 | -28.5% |
| Trade receivables | 40 | €161,267 | €136,205 | -€25,062 | -15.5% |
| Other amounts receivable | 41 | €2,709,086 | €1,916,643 | -€792,443 | -29.3% |
| Total equity and liabilities | 10/49 | €2,870,353 | €2,052,848 | -€817,505 | -28.5% |
| Equity | 10/15 | €1,889,930 | €2,012,356 | +€122,426 | +6.5% |
| Contributions | 10/11 | €1,461,999 | €1,461,999 | = | 0.0% |
| Capital | 10 | €1,461,999 | €1,461,999 | = | 0.0% |
| Issued capital | 100 | €1,461,999 | €1,461,999 | = | 0.0% |
| Reserves | 13 | €251,235 | €251,235 | = | 0.0% |
| Non-distributable reserves | 130/1 | €147,014 | €147,014 | = | 0.0% |
| Legal reserve | 130 | €147,014 | €147,014 | = | 0.0% |
| Distributable reserves | 133 | €104,221 | €104,221 | = | 0.0% |
| Profit (loss) carried forward | 14 | €176,696 | €299,122 | +€122,426 | +69.3% |
| Amounts payable | 17/49 | €980,423 | €40,492 | -€939,931 | -95.9% |
| Amounts payable within one year | 42/48 | €980,423 | €40,492 | -€939,931 | -95.9% |
| Trade debts | 44 | €34,542 | - | -€34,542 | |
| Suppliers | 440/4 | €34,542 | - | -€34,542 | |
| Taxes, remuneration and social security | 45 | €245,881 | €40,492 | -€205,389 | -83.5% |
| Taxes | 450/3 | €181,855 | €40,492 | -€141,363 | -77.7% |
| Remuneration and social security | 454/9 | €64,026 | - | -€64,026 | |
| Other amounts payable | 47/48 | €700,000 | - | -€700,000 | |
| Remuneration, social security and pensions | 62 | €298,118 | €302,834 | +€4,716 | +1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,292 | +€9,292 | |
| Other operating charges | 640/8 | €19,998 | €1,208 | -€18,790 | -94.0% |
| Gross operating margin | 9900 | €427,977 | €364,149 | -€63,828 | -14.9% |
| Operating profit (loss) | 9901 | €109,861 | €50,815 | -€59,046 | -53.7% |
| Financial income | 75/76B | €127,524 | €113,031 | -€14,493 | -11.4% |
| Recurring financial income | 75 | €127,524 | €113,031 | -€14,493 | -11.4% |
| Financial charges | 65/66B | €1,804 | €1,874 | +€70 | +3.9% |
| Recurring financial charges | 65 | €1,804 | €1,874 | +€70 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €235,581 | €161,972 | -€73,609 | -31.2% |
| Income taxes | 67/77 | €58,885 | €39,546 | -€19,339 | -32.8% |
| Profit (loss) for the period | 9904 | €176,696 | €122,426 | -€54,270 | -30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €176,696 | €122,426 | -€54,270 | -30.7% |
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 26 October 2026 via checked.be.