KETTE: 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.
KETTE
Largest movements
- Receivables within one year +€69,562
up €69,562 (+191%), from €36,447 to €106,010
of which Trade receivables: +€69,565
- Tangible fixed assets +€10,099
up €10,099 (+24.4%), from €41,467 to €51,566
of which Furniture and vehicles: +€8,890
- Financial fixed assets +€6,000
up €6,000 (+214%), from €2,810 to €8,810
- Cash -€5,039
no longer reported in 2025 (was €5,039)
mainly Receivables within one year (-€69,562) and Investment in fixed assets (net) (-€29,055)
- Deferred charges and accrued income -€3,669
down €3,669 (-16.3%), from €22,453 to €18,784
- Short-term financial debts +€28,492
new in 2025: €28,492
- Other debts +€19,694
up €19,694 (+496%), from €3,973 to €23,667
- Profit (loss) carried forward +€14,922
up €14,922 (+86.8%), from €17,194 to €32,117
- Tax, wage and social debts +€4,364
up €4,364 (+14.0%), from €31,204 to €35,568
of which Remuneration and social security: +€11,289
- Debts after one year +€4,228
up €4,228 (+23.3%), from €18,152 to €22,381
- Gross operating margin +€41,294
up €41,294 (+67.7%), from €60,961 to €102,255
- Staff costs +€13,735
up €13,735 (+31.5%), from €43,566 to €57,301
- Depreciation +€4,211
up €4,211 (+48.2%), from €8,745 to €12,956
- Taxes +€3,983
up €3,983 (+224%), from €1,775 to €5,758
- Other operating charges +€3,620
up €3,620 (+886%), from €408 to €4,029
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 | €108,216 | €185,169 | +€76,953 | +71.1% |
| Fixed assets | 21/28 | €44,277 | €60,376 | +€16,099 | +36.4% |
| Tangible fixed assets | 22/27 | €41,467 | €51,566 | +€10,099 | +24.4% |
| Plant, machinery and equipment | 23 | €29,263 | €25,200 | -€4,063 | -13.9% |
| Furniture and vehicles | 24 | €12,204 | €21,094 | +€8,890 | +72.8% |
| Other tangible fixed assets | 26 | - | €5,272 | +€5,272 | |
| Financial fixed assets | 28 | €2,810 | €8,810 | +€6,000 | +214% |
| Current assets | 29/58 | €63,939 | €124,793 | +€60,854 | +95.2% |
| Amounts receivable within one year | 40/41 | €36,447 | €106,010 | +€69,562 | +191% |
| Trade receivables | 40 | €36,379 | €105,944 | +€69,565 | +191% |
| Other amounts receivable | 41 | €68 | €65 | -€2 | -3.4% |
| Cash at bank and in hand | 54/58 | €5,039 | - | -€5,039 | |
| Deferred charges and accrued income | 490/1 | €22,453 | €18,784 | -€3,669 | -16.3% |
| Total equity and liabilities | 10/49 | €108,216 | €185,169 | +€76,953 | +71.1% |
| Equity | 10/15 | €30,349 | €45,272 | +€14,922 | +49.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €755 | €755 | = | 0.0% |
| Non-distributable reserves | 130/1 | €755 | €755 | = | 0.0% |
| Reserves not available under the articles | 1311 | €755 | €755 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,194 | €32,117 | +€14,922 | +86.8% |
| Amounts payable | 17/49 | €77,867 | €139,898 | +€62,031 | +79.7% |
| Amounts payable after more than one year | 17 | €18,152 | €22,381 | +€4,228 | +23.3% |
| Financial debts | 170/4 | €18,152 | €22,381 | +€4,228 | +23.3% |
| Amounts payable within one year | 42/48 | €57,178 | €114,839 | +€57,661 | +101% |
| Current portion of amounts payable after more than one year | 42 | €8,782 | €12,752 | +€3,970 | +45.2% |
| Financial debts | 43 | - | €28,492 | +€28,492 | |
| Credit institutions | 430/8 | - | €28,492 | +€28,492 | |
| Trade debts | 44 | €13,219 | €14,360 | +€1,141 | +8.6% |
| Suppliers | 440/4 | €13,219 | €14,360 | +€1,141 | +8.6% |
| Taxes, remuneration and social security | 45 | €31,204 | €35,568 | +€4,364 | +14.0% |
| Taxes | 450/3 | €25,648 | €18,724 | -€6,925 | -27.0% |
| Remuneration and social security | 454/9 | €5,556 | €16,845 | +€11,289 | +203% |
| Other amounts payable | 47/48 | €3,973 | €23,667 | +€19,694 | +496% |
| Accrued charges and deferred income | 492/3 | €2,537 | €2,678 | +€142 | +5.6% |
| Remuneration, social security and pensions | 62 | €43,566 | €57,301 | +€13,735 | +31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,745 | €12,956 | +€4,211 | +48.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,520 | +€1,520 | |
| Other operating charges | 640/8 | €408 | €4,029 | +€3,620 | +886% |
| Gross operating margin | 9900 | €60,961 | €102,255 | +€41,294 | +67.7% |
| Operating profit (loss) | 9901 | €8,242 | €26,449 | +€18,207 | +221% |
| Financial income | 75/76B | €13 | €11 | -€2 | -16.8% |
| Recurring financial income | 75 | €13 | €11 | -€2 | -16.8% |
| Financial charges | 65/66B | €2,947 | €5,779 | +€2,832 | +96.1% |
| Recurring financial charges | 65 | €2,947 | €5,779 | +€2,832 | +96.1% |
| Profit (loss) for the period before taxes | 9903 | €5,308 | €20,681 | +€15,373 | +290% |
| Income taxes | 67/77 | €1,775 | €5,758 | +€3,983 | +224% |
| Profit (loss) for the period | 9904 | €3,532 | €14,922 | +€11,390 | +322% |
| Profit (loss) for the period to be appropriated | 9905 | €3,532 | €14,922 | +€11,390 | +322% |
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 15 October 2026 via checked.be.