KETZIN: what changed
What changed
KETZIN
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€24,621
2024 · -€5,265-€19,356
Equity
€237,120
2024 · €261,741-€24,621
Cash
€37,607
2024 · €37,513+€94
Balance sheet total
€306,685
2024 · €335,370-€28,685
Largest movements
Assets
- Tangible fixed assets -€17,189
down €17,189 (-6.0%), from €284,939 to €267,750
of which Furniture and vehicles: -€9,566
- Deferred charges and accrued income -€7,919
down €7,919 (-87.8%), from €9,022 to €1,103
- Receivables within one year -€3,670
down €3,670 (-94.2%), from €3,895 to €225
of which Trade receivables: -€3,895
Equity and liabilities
- Reserves -€19,061
down €19,061 (-9.5%), from €199,741 to €180,680
of which Distributable reserves: -€19,061
- Tax, wage and social debts -€5,635
down €5,635 (-98.9%), from €5,695 to €60
- Profit (loss) carried forward -€5,560
down €5,560, from €0 to -€5,560
Income statement
- Gross operating margin -€19,618
down €19,618, from €18,666 to -€952
- Financial charges -€297
down €297 (-6.1%), from €4,873 to €4,576
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€5,265
Gross operating margin
-€19,618
Other operating charges
-€143
Financial charges
+€297
Taxes
+€109
Result 2025
-€24,621
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€94
Investment
€0
Financing
€0
Cash 2024
€37,513
From operations (derived)
+€94
Net result for the year
-€24,621
Depreciation
+€17,189
Receivables within one year
+€3,670
Deferred charges and accrued income
+€7,919
Trade debts
+€1,141
Tax, wage and social debts
-€5,635
Other debts
+€1,268
Accrued charges and deferred income
-€839
Cash 2025
€37,607
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €335,370 | €306,685 | -€28,685 | -8.6% |
| Fixed assets | 21/28 | €284,939 | €267,750 | -€17,189 | -6.0% |
| Tangible fixed assets | 22/27 | €284,939 | €267,750 | -€17,189 | -6.0% |
| Land and buildings | 22 | €244,050 | €237,600 | -€6,450 | -2.6% |
| Furniture and vehicles | 24 | €36,484 | €26,917 | -€9,566 | -26.2% |
| Other tangible fixed assets | 26 | €4,406 | €3,233 | -€1,173 | -26.6% |
| Current assets | 29/58 | €50,431 | €38,935 | -€11,496 | -22.8% |
| Amounts receivable within one year | 40/41 | €3,895 | €225 | -€3,670 | -94.2% |
| Trade receivables | 40 | €3,895 | €0 | -€3,895 | -100% |
| Other amounts receivable | 41 | €0 | €225 | +€225 | |
| Cash at bank and in hand | 54/58 | €37,513 | €37,607 | +€94 | +0.3% |
| Deferred charges and accrued income | 490/1 | €9,022 | €1,103 | -€7,919 | -87.8% |
| Total equity and liabilities | 10/49 | €335,370 | €306,685 | -€28,685 | -8.6% |
| Equity | 10/15 | €261,741 | €237,120 | -€24,621 | -9.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €199,741 | €180,680 | -€19,061 | -9.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €96,259 | €96,259 | = | 0.0% |
| Distributable reserves | 133 | €97,282 | €78,221 | -€19,061 | -19.6% |
| Profit (loss) carried forward | 14 | €0 | -€5,560 | -€5,560 | |
| Amounts payable | 17/49 | €73,629 | €69,565 | -€4,064 | -5.5% |
| Amounts payable within one year | 42/48 | €67,231 | €64,006 | -€3,225 | -4.8% |
| Trade debts | 44 | €1,143 | €2,285 | +€1,141 | +99.9% |
| Suppliers | 440/4 | €1,143 | €2,285 | +€1,141 | +99.9% |
| Taxes, remuneration and social security | 45 | €5,695 | €60 | -€5,635 | -98.9% |
| Taxes | 450/3 | €5,695 | €60 | -€5,635 | -98.9% |
| Other amounts payable | 47/48 | €60,393 | €61,662 | +€1,268 | +2.1% |
| Accrued charges and deferred income | 492/3 | €6,398 | €5,558 | -€839 | -13.1% |
| Non-recurring operating income | 76A | €25,954 | €0 | -€25,954 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,189 | €17,189 | = | 0.0% |
| Other operating charges | 640/8 | €1,700 | €1,843 | +€143 | +8.4% |
| Gross operating margin | 9900 | €18,666 | -€952 | -€19,618 | |
| Operating profit (loss) | 9901 | -€223 | -€19,984 | -€19,762 | -8,873% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,873 | €4,576 | -€297 | -6.1% |
| Recurring financial charges | 65 | €4,873 | €4,576 | -€297 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,096 | -€24,560 | -€19,465 | -382% |
| Income taxes | 67/77 | €169 | €60 | -€109 | -64.4% |
| Profit (loss) for the period | 9904 | -€5,265 | -€24,621 | -€19,356 | -368% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,265 | -€24,621 | -€19,356 | -368% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.