KETRONIC: what changed
Two fiscal 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.
KETRONIC
Largest movements
- Tangible fixed assets +€47,443
up €47,443 (+2835.8%), from €1,673 to €49,116
of which Furniture and vehicles: +€47,677
- Current investments -€25,000
down €25,000 (-16.7%), from €150,000 to €125,000
- Cash +€6,297
up €6,297 (+6.5%), from €96,491 to €102,788
mainly Net result for the year (+€29,434) and Current investments (+€25,000)
- Receivables within one year +€5,010
up €5,010 (+27.4%), from €18,253 to €23,263
of which Trade receivables: +€2,572
- Reserves +€27,768
up €27,768 (+22.6%), from €122,842 to €150,610
- Other debts +€4,656
up €4,656 (+4.0%), from €115,160 to €119,816
- Accrued charges and deferred income +€3,179
up €3,179 (+63.9%), from €4,978 to €8,157
- Gross operating margin +€19,691
up €19,691 (+53.9%), from €36,506 to €56,197
- Depreciation +€5,699
up €5,699 (+513.2%), from €1,110 to €6,809
- Financial charges +€3,167
up €3,167 (+61.7%), from €5,132 to €8,299
- Financial income -€1,701
down €1,701 (-38.7%), from €4,398 to €2,697
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.
Cash bridge derived
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 | €270,825 | €303,219 | +€32,394 | +12.0% |
| Fixed assets | 21/28 | €1,673 | €49,116 | +€47,443 | +2835.8% |
| Tangible fixed assets | 22/27 | €1,673 | €49,116 | +€47,443 | +2835.8% |
| Furniture and vehicles | 24 | €493 | €48,170 | +€47,677 | +9674.9% |
| Other tangible fixed assets | 26 | €1,180 | €946 | -€234 | -19.8% |
| Current assets | 29/58 | €269,153 | €254,103 | -€15,049 | -5.6% |
| Amounts receivable within one year | 40/41 | €18,253 | €23,263 | +€5,010 | +27.4% |
| Trade receivables | 40 | €16,737 | €19,309 | +€2,572 | +15.4% |
| Other amounts receivable | 41 | €1,516 | €3,954 | +€2,438 | +160.8% |
| Current investments | 50/53 | €150,000 | €125,000 | -€25,000 | -16.7% |
| Cash at bank and in hand | 54/58 | €96,491 | €102,788 | +€6,297 | +6.5% |
| Deferred charges and accrued income | 490/1 | €4,409 | €3,053 | -€1,356 | -30.8% |
| Total equity and liabilities | 10/49 | €270,825 | €303,219 | +€32,394 | +12.0% |
| Equity | 10/15 | €141,442 | €169,210 | +€27,768 | +19.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €122,842 | €150,610 | +€27,768 | +22.6% |
| Distributable reserves | 133 | €122,842 | €150,610 | +€27,768 | +22.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €129,384 | €134,009 | +€4,625 | +3.6% |
| Amounts payable within one year | 42/48 | €124,406 | €125,852 | +€1,446 | +1.2% |
| Trade debts | 44 | €2,403 | €739 | -€1,664 | -69.3% |
| Suppliers | 440/4 | €2,403 | €739 | -€1,664 | -69.3% |
| Taxes, remuneration and social security | 45 | €6,843 | €5,297 | -€1,546 | -22.6% |
| Taxes | 450/3 | €6,843 | €5,297 | -€1,546 | -22.6% |
| Other amounts payable | 47/48 | €115,160 | €119,816 | +€4,656 | +4.0% |
| Accrued charges and deferred income | 492/3 | €4,978 | €8,157 | +€3,179 | +63.9% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,110 | €6,809 | +€5,699 | +513.2% |
| Other operating charges | 640/8 | €933 | €379 | -€554 | -59.3% |
| Gross operating margin | 9900 | €36,506 | €56,197 | +€19,691 | +53.9% |
| Operating profit (loss) | 9901 | €34,463 | €49,008 | +€14,546 | +42.2% |
| Financial income | 75/76B | €4,398 | €2,697 | -€1,701 | -38.7% |
| Recurring financial income | 75 | €4,398 | €2,697 | -€1,701 | -38.7% |
| Financial charges | 65/66B | €5,132 | €8,299 | +€3,167 | +61.7% |
| Recurring financial charges | 65 | €5,132 | €8,299 | +€3,167 | +61.7% |
| Profit (loss) for the period before taxes | 9903 | €33,728 | €43,406 | +€9,678 | +28.7% |
| Income taxes | 67/77 | €13,629 | €13,971 | +€343 | +2.5% |
| Profit (loss) for the period | 9904 | €20,100 | €29,434 | +€9,335 | +46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,100 | €29,434 | +€9,335 | +46.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.