KETWIEZEL: 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.
KETWIEZEL
Largest movements
- Current investments +€131,610
up €131,610 (+63.1%), from €208,656 to €340,266
- Receivables within one year -€26,688
down €26,688 (-18.1%), from €147,752 to €121,064
- Deferred charges and accrued income +€7,681
up €7,681 (+142%), from €5,417 to €13,098
- Reserves +€125,496
up €125,496 (+35.8%), from €350,109 to €475,606
of which Distributable reserves: +€87,376
- Tax, wage and social debts -€13,305
down €13,305 (-51.8%), from €25,695 to €12,390
- Financial income +€54,423
up €54,423 (+5,016%), from €1,085 to €55,508
- Gross operating margin -€20,497
down €20,497 (-14.0%), from €146,409 to €125,912
- Taxes -€3,146
down €3,146 (-5.8%), from €54,498 to €51,352
- Other operating charges -€2,063
down €2,063 (-81.5%), from €2,532 to €468
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 | €437,804 | €549,995 | +€112,191 | +25.6% |
| Fixed assets | 21/28 | €43,006 | €41,481 | -€1,525 | -3.5% |
| Tangible fixed assets | 22/27 | €42,856 | €41,331 | -€1,525 | -3.6% |
| Plant, machinery and equipment | 23 | €34,190 | €34,522 | +€332 | +1.0% |
| Furniture and vehicles | 24 | €5,893 | €5,893 | = | 0.0% |
| Other tangible fixed assets | 26 | €2,773 | €915 | -€1,858 | -67.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €394,798 | €508,515 | +€113,717 | +28.8% |
| Amounts receivable within one year | 40/41 | €147,752 | €121,064 | -€26,688 | -18.1% |
| Other amounts receivable | 41 | €147,752 | €121,064 | -€26,688 | -18.1% |
| Current investments | 50/53 | €208,656 | €340,266 | +€131,610 | +63.1% |
| Cash at bank and in hand | 54/58 | €32,973 | €34,087 | +€1,114 | +3.4% |
| Deferred charges and accrued income | 490/1 | €5,417 | €13,098 | +€7,681 | +142% |
| Total equity and liabilities | 10/49 | €437,804 | €549,995 | +€112,191 | +25.6% |
| Equity | 10/15 | €412,109 | €537,606 | +€125,496 | +30.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €350,109 | €475,606 | +€125,496 | +35.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,012 | €59,132 | +€38,120 | +181% |
| Distributable reserves | 133 | €322,897 | €410,273 | +€87,376 | +27.1% |
| Amounts payable | 17/49 | €25,695 | €12,390 | -€13,305 | -51.8% |
| Amounts payable within one year | 42/48 | €25,695 | €12,390 | -€13,305 | -51.8% |
| Taxes, remuneration and social security | 45 | €25,695 | €12,390 | -€13,305 | -51.8% |
| Taxes | 450/3 | €25,695 | €12,390 | -€13,305 | -51.8% |
| Remuneration, social security and pensions | 62 | €503 | €600 | +€96 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,411 | €3,254 | -€156 | -4.6% |
| Other operating charges | 640/8 | €2,532 | €468 | -€2,063 | -81.5% |
| Gross operating margin | 9900 | €146,409 | €125,912 | -€20,497 | -14.0% |
| Operating profit (loss) | 9901 | €139,964 | €121,589 | -€18,374 | -13.1% |
| Financial income | 75/76B | €1,085 | €55,508 | +€54,423 | +5,016% |
| Recurring financial income | 75 | €1,085 | €55,508 | +€54,423 | +5,016% |
| Financial charges | 65/66B | €204 | €250 | +€45 | +22.1% |
| Recurring financial charges | 65 | €204 | €250 | +€45 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €140,844 | €176,848 | +€36,004 | +25.6% |
| Transfer to deferred taxes | 680 | - | €50,520 | +€50,520 | |
| Income taxes | 67/77 | €54,498 | €51,352 | -€3,146 | -5.8% |
| Profit (loss) for the period | 9904 | €86,347 | €74,976 | -€11,370 | -13.2% |
| Transfer from tax-exempt reserves | 789 | - | €12,400 | +€12,400 | |
| Profit (loss) for the period to be appropriated | 9905 | €86,347 | €87,376 | +€1,030 | +1.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.