KETTA SERVICE: 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.
KETTA SERVICE
Largest movements
- Tangible fixed assets +€278,737
up €278,737 (+31.1%), from €896,110 to €1.2m
of which Plant, machinery and equipment: +€348,265
- Receivables within one year +€141,953
up €141,953 (+178%), from €79,895 to €221,848
of which Trade receivables: +€139,109
- Cash +€33,077
up €33,077 (+171%), from €19,345 to €52,422
mainly Debts after one year (+€228,556) and Depreciation (+€157,118)
- Receivables after one year +€32,600
up €32,600 (+31.0%), from €105,054 to €137,653
- Debts after one year +€228,556
up €228,556 (+97.0%), from €235,652 to €464,208
- Trade debts +€126,405
up €126,405 (+45.4%), from €278,426 to €404,831
- Reserves +€111,386
up €111,386 (+92.4%), from €120,520 to €231,905
of which Distributable reserves: +€111,386
- Current portion of long-term debt +€62,952
up €62,952 (+70.9%), from €88,848 to €151,800
- Short-term financial debts -€51,434
down €51,434 (-88.9%), from €57,869 to €6,434
- Gross operating margin +€133,078
up €133,078 (+29.3%), from €454,959 to €588,038
- Taxes +€22,315
up €22,315 (+46.8%), from €47,730 to €70,045
- Staff costs +€17,426
up €17,426 (+10.6%), from €163,919 to €181,345
- Other operating charges +€15,051
up €15,051 (+109%), from €13,862 to €28,913
- Depreciation +€10,171
up €10,171 (+6.9%), from €146,948 to €157,118
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 | €1,334,747 | €1,815,841 | +€481,094 | +36.0% |
| Fixed assets | 21/28 | €914,145 | €1,192,917 | +€278,772 | +30.5% |
| Intangible fixed assets | 21 | €1,930 | €1,965 | +€36 | +1.8% |
| Tangible fixed assets | 22/27 | €896,110 | €1,174,847 | +€278,737 | +31.1% |
| Land and buildings | 22 | €813,990 | €712,926 | -€101,064 | -12.4% |
| Plant, machinery and equipment | 23 | €80,443 | €428,708 | +€348,265 | +433% |
| Furniture and vehicles | 24 | €1,676 | €2,882 | +€1,206 | +72.0% |
| Leasing and similar rights | 25 | - | €30,330 | +€30,330 | |
| Financial fixed assets | 28 | €16,105 | €16,105 | = | 0.0% |
| Current assets | 29/58 | €420,602 | €622,924 | +€202,322 | +48.1% |
| Amounts receivable after more than one year | 29 | €105,054 | €137,653 | +€32,600 | +31.0% |
| Other amounts receivable | 291 | €105,054 | €137,653 | +€32,600 | +31.0% |
| Stocks and contracts in progress | 3 | €211,214 | €193,768 | -€17,446 | -8.3% |
| Stocks | 30/36 | €211,214 | €193,768 | -€17,446 | -8.3% |
| Amounts receivable within one year | 40/41 | €79,895 | €221,848 | +€141,953 | +178% |
| Trade receivables | 40 | €78,403 | €217,512 | +€139,109 | +177% |
| Other amounts receivable | 41 | €1,492 | €4,336 | +€2,844 | +191% |
| Cash at bank and in hand | 54/58 | €19,345 | €52,422 | +€33,077 | +171% |
| Deferred charges and accrued income | 490/1 | €5,095 | €17,233 | +€12,138 | +238% |
| Total equity and liabilities | 10/49 | €1,334,747 | €1,815,841 | +€481,094 | +36.0% |
| Equity | 10/15 | €182,020 | €293,405 | +€111,386 | +61.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €120,520 | €231,905 | +€111,386 | +92.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €114,370 | €225,755 | +€111,386 | +97.4% |
| Amounts payable | 17/49 | €1,152,728 | €1,522,436 | +€369,708 | +32.1% |
| Amounts payable after more than one year | 17 | €235,652 | €464,208 | +€228,556 | +97.0% |
| Financial debts | 170/4 | €235,652 | €464,208 | +€228,556 | +97.0% |
| Amounts payable within one year | 42/48 | €917,075 | €1,058,228 | +€141,153 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €88,848 | €151,800 | +€62,952 | +70.9% |
| Financial debts | 43 | €57,869 | €6,434 | -€51,434 | -88.9% |
| Credit institutions | 430/8 | €57,869 | €6,434 | -€51,434 | -88.9% |
| Trade debts | 44 | €278,426 | €404,831 | +€126,405 | +45.4% |
| Suppliers | 440/4 | €278,426 | €404,831 | +€126,405 | +45.4% |
| Taxes, remuneration and social security | 45 | €94,781 | €112,731 | +€17,950 | +18.9% |
| Taxes | 450/3 | €62,337 | €82,803 | +€20,467 | +32.8% |
| Remuneration and social security | 454/9 | €32,444 | €29,927 | -€2,517 | -7.8% |
| Other amounts payable | 47/48 | €397,152 | €382,432 | -€14,719 | -3.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €8,000 | €0 | -€8,000 | -100% |
| Remuneration, social security and pensions | 62 | €163,919 | €181,345 | +€17,426 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,948 | €157,118 | +€10,171 | +6.9% |
| Other operating charges | 640/8 | €13,862 | €28,913 | +€15,051 | +109% |
| Gross operating margin | 9900 | €454,959 | €588,038 | +€133,078 | +29.3% |
| Operating profit (loss) | 9901 | €130,231 | €220,661 | +€90,430 | +69.4% |
| Financial income | 75/76B | €6,154 | €7,614 | +€1,459 | +23.7% |
| Recurring financial income | 75 | €6,154 | €7,614 | +€1,459 | +23.7% |
| Financial charges | 65/66B | €45,193 | €46,844 | +€1,651 | +3.7% |
| Recurring financial charges | 65 | €45,193 | €46,844 | +€1,651 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €91,193 | €181,431 | +€90,238 | +99.0% |
| Income taxes | 67/77 | €47,730 | €70,045 | +€22,315 | +46.8% |
| Profit (loss) for the period | 9904 | €43,462 | €111,386 | +€67,923 | +156% |
| Profit (loss) for the period to be appropriated | 9905 | €43,462 | €111,386 | +€67,923 | +156% |
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.