KETER INVEST: 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 INVEST
Largest movements
- Receivables after one year +€107,000
up €107,000 (+18.6%), from €574,000 to €681,000
- Cash -€106,700
down €106,700 (-48.3%), from €220,772 to €114,072
mainly Receivables after one year (-€107,000) and Receivables within one year (-€20,030)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€18,505
up €18,505 (+250%), from €7,396 to €25,901
- Taxes +€3,323
new in 2025: €3,323
- Financial charges +€1,474
up €1,474 (+341%), from €432 to €1,906
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 | €3,339,168 | €3,346,310 | +€7,142 | +0.2% |
| Fixed assets | 21/28 | €2,277,581 | €2,264,393 | -€13,188 | -0.6% |
| Tangible fixed assets | 22/27 | €307,767 | €294,579 | -€13,188 | -4.3% |
| Land and buildings | 22 | €307,082 | €294,341 | -€12,741 | -4.1% |
| Plant, machinery and equipment | 23 | €685 | €238 | -€447 | -65.3% |
| Financial fixed assets | 28 | €1,969,814 | €1,969,814 | = | 0.0% |
| Current assets | 29/58 | €1,061,587 | €1,081,917 | +€20,330 | +1.9% |
| Amounts receivable after more than one year | 29 | €574,000 | €681,000 | +€107,000 | +18.6% |
| Other amounts receivable | 291 | €574,000 | €681,000 | +€107,000 | +18.6% |
| Amounts receivable within one year | 40/41 | €266,815 | €286,845 | +€20,030 | +7.5% |
| Other amounts receivable | 41 | €266,815 | €286,845 | +€20,030 | +7.5% |
| Cash at bank and in hand | 54/58 | €220,772 | €114,072 | -€106,700 | -48.3% |
| Total equity and liabilities | 10/49 | €3,339,168 | €3,346,310 | +€7,142 | +0.2% |
| Equity | 10/15 | €3,280,141 | €3,287,483 | +€7,342 | +0.2% |
| Contributions | 10/11 | €1,647,744 | €1,647,744 | = | 0.0% |
| Capital | 10 | €890,958 | €890,958 | = | 0.0% |
| Issued capital | 100 | €894,936 | €894,936 | = | 0.0% |
| Uncalled capital | 101 | €3,978 | €3,978 | = | 0.0% |
| Contributions outside capital | 11 | €756,786 | €756,786 | = | 0.0% |
| Share premium | 1100/10 | €756,786 | €756,786 | = | 0.0% |
| Reserves | 13 | €1,632,397 | €1,639,739 | +€7,342 | +0.4% |
| Non-distributable reserves | 130/1 | €89,494 | €89,494 | = | 0.0% |
| Legal reserve | 130 | €89,494 | €89,494 | = | 0.0% |
| Tax-exempt reserves | 132 | €114,406 | €107,790 | -€6,616 | -5.8% |
| Distributable reserves | 133 | €1,428,498 | €1,442,455 | +€13,958 | +1.0% |
| Provisions and deferred taxes | 16 | €58,910 | €55,504 | -€3,407 | -5.8% |
| Deferred taxes | 168 | €58,910 | €55,504 | -€3,407 | -5.8% |
| Amounts payable | 17/49 | €116 | €3,323 | +€3,207 | +2,768% |
| Amounts payable within one year | 42/48 | €116 | €3,323 | +€3,207 | +2,768% |
| Trade debts | 44 | €116 | - | -€116 | |
| Suppliers | 440/4 | €116 | - | -€116 | |
| Taxes, remuneration and social security | 45 | - | €3,323 | +€3,323 | |
| Taxes | 450/3 | - | €3,323 | +€3,323 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,210 | €13,188 | -€22 | -0.2% |
| Other operating charges | 640/8 | €3,425 | €3,550 | +€124 | +3.6% |
| Gross operating margin | 9900 | €7,396 | €25,901 | +€18,505 | +250% |
| Operating profit (loss) | 9901 | -€9,239 | €9,164 | +€18,403 | |
| Financial charges | 65/66B | €432 | €1,906 | +€1,474 | +341% |
| Recurring financial charges | 65 | €432 | €1,906 | +€1,474 | +341% |
| Profit (loss) for the period before taxes | 9903 | -€9,671 | €7,258 | +€16,929 | |
| Transfer from deferred taxes | 780 | €3,407 | €3,407 | = | 0.0% |
| Income taxes | 67/77 | - | €3,323 | +€3,323 | |
| Profit (loss) for the period | 9904 | -€6,265 | €7,342 | +€13,607 | |
| Transfer from tax-exempt reserves | 789 | €6,616 | €6,616 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €351 | €13,958 | +€13,607 | +3,873% |
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 25 October 2026 via checked.be.