KETRA: 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.
KETRA
Largest movements
- Cash -€25,181
down €25,181 (-21.8%), from €115,313 to €90,132
mainly Contributions, distributions and other (-€36,281) and Trade debts (-€4,452)
- Tangible fixed assets -€3,368
down €3,368 (-22.9%), from €14,681 to €11,313
- Receivables within one year +€1,521
up €1,521 (+25.4%), from €5,995 to €7,517
of which Other amounts receivable: +€2,388
- Reserves -€36,148
down €36,148 (-29.3%), from €123,212 to €87,064
- Other debts +€16,250
up €16,250 (+2,159%), from €753 to €17,002
- Trade debts -€4,452
down €4,452 (-63.3%), from €7,038 to €2,586
- Tax, wage and social debts -€3,084
down €3,084 (-95.4%), from €3,234 to €149
- Gross operating margin -€21,337
down €21,337 (-64.5%), from €33,098 to €11,761
- Taxes -€6,235
down €6,235 (-73.5%), from €8,479 to €2,244
- Depreciation +€541
up €541 (+9.8%), from €5,513 to €6,054
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 | €140,936 | €113,597 | -€27,340 | -19.4% |
| Fixed assets | 21/28 | €14,681 | €11,313 | -€3,368 | -22.9% |
| Tangible fixed assets | 22/27 | €14,681 | €11,313 | -€3,368 | -22.9% |
| Plant, machinery and equipment | 23 | €3,826 | €2,827 | -€999 | -26.1% |
| Furniture and vehicles | 24 | €6,930 | €5,347 | -€1,583 | -22.8% |
| Other tangible fixed assets | 26 | €3,925 | €3,140 | -€785 | -20.0% |
| Current assets | 29/58 | €126,255 | €102,283 | -€23,972 | -19.0% |
| Amounts receivable within one year | 40/41 | €5,995 | €7,517 | +€1,521 | +25.4% |
| Trade receivables | 40 | €2,247 | €1,380 | -€866 | -38.6% |
| Other amounts receivable | 41 | €3,749 | €6,136 | +€2,388 | +63.7% |
| Cash at bank and in hand | 54/58 | €115,313 | €90,132 | -€25,181 | -21.8% |
| Deferred charges and accrued income | 490/1 | €4,947 | €4,635 | -€312 | -6.3% |
| Total equity and liabilities | 10/49 | €140,936 | €113,597 | -€27,340 | -19.4% |
| Equity | 10/15 | €129,912 | €93,764 | -€36,148 | -27.8% |
| Contributions | 10/11 | €6,700 | €6,700 | = | 0.0% |
| Reserves | 13 | €123,212 | €87,064 | -€36,148 | -29.3% |
| Distributable reserves | 133 | €123,212 | €87,064 | -€36,148 | -29.3% |
| Amounts payable | 17/49 | €11,024 | €19,832 | +€8,808 | +79.9% |
| Amounts payable within one year | 42/48 | €11,024 | €19,738 | +€8,713 | +79.0% |
| Trade debts | 44 | €7,038 | €2,586 | -€4,452 | -63.3% |
| Suppliers | 440/4 | €7,038 | €2,586 | -€4,452 | -63.3% |
| Taxes, remuneration and social security | 45 | €3,234 | €149 | -€3,084 | -95.4% |
| Taxes | 450/3 | €3,234 | €149 | -€3,084 | -95.4% |
| Other amounts payable | 47/48 | €753 | €17,002 | +€16,250 | +2,159% |
| Accrued charges and deferred income | 492/3 | - | €95 | +€95 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,513 | €6,054 | +€541 | +9.8% |
| Other operating charges | 640/8 | €1,766 | €1,733 | -€33 | -1.9% |
| Gross operating margin | 9900 | €33,098 | €11,761 | -€21,337 | -64.5% |
| Operating profit (loss) | 9901 | €25,819 | €3,974 | -€21,845 | -84.6% |
| Financial income | 75/76B | €294 | €133 | -€161 | -54.6% |
| Recurring financial income | 75 | €294 | €133 | -€161 | -54.6% |
| Financial charges | 65/66B | €1,442 | €1,731 | +€289 | +20.0% |
| Recurring financial charges | 65 | €1,442 | €1,731 | +€289 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €24,671 | €2,377 | -€22,294 | -90.4% |
| Income taxes | 67/77 | €8,479 | €2,244 | -€6,235 | -73.5% |
| Profit (loss) for the period | 9904 | €16,192 | €133 | -€16,059 | -99.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,192 | €133 | -€16,059 | -99.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.