KEBA: what changed
KEBA
Largest movements
- Cash -€107,492
down €107,492 (-36.0%), from €298,540 to €191,048
mainly Investment in fixed assets (net) (-€126,599) and Contributions, distributions and other (-€46,000)
- Tangible fixed assets +€77,159
up €77,159 (+34.8%), from €221,730 to €298,889
of which Plant, machinery and equipment: +€99,232
- Debts after one year -€29,957
down €29,957 (-27.6%), from €108,399 to €78,442
- Reserves +€13,931
up €13,931 (+3.9%), from €361,211 to €375,142
- Trade debts -€7,471
down €7,471 (-93.7%), from €7,973 to €502
- Depreciation +€26,535
up €26,535 (+116%), from €22,905 to €49,440
- Gross operating margin +€14,889
up €14,889 (+12.8%), from €116,519 to €131,408
- Taxes -€5,168
down €5,168 (-20.3%), from €25,500 to €20,332
- Financial income +€3,213
new in 2025: €3,213
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €549,655 | €523,907 | -€25,748 | -4.7% |
| Fixed assets | 21/28 | €221,730 | €298,889 | +€77,159 | +34.8% |
| Tangible fixed assets | 22/27 | €221,730 | €298,889 | +€77,159 | +34.8% |
| Plant, machinery and equipment | 23 | €51,531 | €150,763 | +€99,232 | +193% |
| Furniture and vehicles | 24 | €170,199 | €148,126 | -€22,073 | -13.0% |
| Current assets | 29/58 | €327,925 | €225,018 | -€102,907 | -31.4% |
| Amounts receivable within one year | 40/41 | €21,788 | €26,596 | +€4,808 | +22.1% |
| Trade receivables | 40 | €21,788 | €26,596 | +€4,808 | +22.1% |
| Cash at bank and in hand | 54/58 | €298,540 | €191,048 | -€107,492 | -36.0% |
| Deferred charges and accrued income | 490/1 | €7,597 | €7,374 | -€223 | -2.9% |
| Total equity and liabilities | 10/49 | €549,655 | €523,907 | -€25,748 | -4.7% |
| Equity | 10/15 | €379,811 | €393,742 | +€13,931 | +3.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €361,211 | €375,142 | +€13,931 | +3.9% |
| Distributable reserves | 133 | €361,211 | €375,142 | +€13,931 | +3.9% |
| Amounts payable | 17/49 | €169,844 | €130,165 | -€39,679 | -23.4% |
| Amounts payable after more than one year | 17 | €108,399 | €78,442 | -€29,957 | -27.6% |
| Financial debts | 170/4 | €108,399 | €78,442 | -€29,957 | -27.6% |
| Amounts payable within one year | 42/48 | €61,445 | €51,723 | -€9,722 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €27,511 | €29,114 | +€1,603 | +5.8% |
| Trade debts | 44 | €7,973 | €502 | -€7,471 | -93.7% |
| Suppliers | 440/4 | €7,973 | €502 | -€7,471 | -93.7% |
| Taxes, remuneration and social security | 45 | €19,132 | €20,220 | +€1,088 | +5.7% |
| Taxes | 450/3 | €19,132 | €20,220 | +€1,088 | +5.7% |
| Other amounts payable | 47/48 | €6,829 | €1,887 | -€4,942 | -72.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,905 | €49,440 | +€26,535 | +116% |
| Other operating charges | 640/8 | €1,175 | €841 | -€334 | -28.4% |
| Gross operating margin | 9900 | €116,519 | €131,408 | +€14,889 | +12.8% |
| Operating profit (loss) | 9901 | €92,439 | €81,127 | -€11,312 | -12.2% |
| Financial income | 75/76B | - | €3,213 | +€3,213 | |
| Recurring financial income | 75 | - | €3,213 | +€3,213 | |
| Financial charges | 65/66B | €3,565 | €4,077 | +€512 | +14.4% |
| Recurring financial charges | 65 | €3,565 | €4,077 | +€512 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €88,874 | €80,263 | -€8,611 | -9.7% |
| Income taxes | 67/77 | €25,500 | €20,332 | -€5,168 | -20.3% |
| Profit (loss) for the period | 9904 | €63,374 | €59,931 | -€3,443 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €63,374 | €59,931 | -€3,443 | -5.4% |
Next steps
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 2 November 2026 via checked.be.