Kestico: what changed
Kestico
Largest movements
- Cash +€61,696
up €61,696 (+319%), from €19,338 to €81,034
mainly Receivables within one year (+€45,253) and Net result for the year (+€44,979)
- Receivables within one year -€45,253
down €45,253 (-98.5%), from €45,953 to €700
of which Trade receivables: -€30,953
- Tangible fixed assets -€26,573
down €26,573 (-34.3%), from €77,452 to €50,878
of which Furniture and vehicles: -€25,203
- Debts after one year -€11,806
down €11,806 (-79.9%), from €14,768 to €2,962
- Reserves -€6,010
down €6,010 (-11.8%), from €51,010 to €45,000
- Other debts +€4,043
up €4,043 (+9.4%), from €42,871 to €46,915
- Trade debts +€1,482
up €1,482 (+2,894%), from €51 to €1,533
- Gross operating margin +€13,980
up €13,980 (+18.8%), from €74,431 to €88,411
- Taxes +€2,621
up €2,621 (+25.8%), from €10,147 to €12,768
- Other operating charges -€910
down €910 (-51.9%), from €1,754 to €844
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 | €145,587 | €134,447 | -€11,140 | -7.7% |
| Fixed assets | 21/28 | €77,452 | €50,878 | -€26,573 | -34.3% |
| Tangible fixed assets | 22/27 | €77,452 | €50,878 | -€26,573 | -34.3% |
| Plant, machinery and equipment | 23 | €563 | €325 | -€239 | -42.3% |
| Furniture and vehicles | 24 | €69,153 | €43,950 | -€25,203 | -36.4% |
| Other tangible fixed assets | 26 | €7,735 | €6,604 | -€1,131 | -14.6% |
| Current assets | 29/58 | €68,135 | €83,568 | +€15,433 | +22.7% |
| Amounts receivable within one year | 40/41 | €45,953 | €700 | -€45,253 | -98.5% |
| Trade receivables | 40 | €30,953 | - | -€30,953 | |
| Other amounts receivable | 41 | €15,000 | €700 | -€14,300 | -95.3% |
| Cash at bank and in hand | 54/58 | €19,338 | €81,034 | +€61,696 | +319% |
| Deferred charges and accrued income | 490/1 | €2,844 | €1,835 | -€1,010 | -35.5% |
| Total equity and liabilities | 10/49 | €145,587 | €134,447 | -€11,140 | -7.7% |
| Equity | 10/15 | €69,712 | €63,681 | -€6,031 | -8.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,010 | €45,000 | -€6,010 | -11.8% |
| Distributable reserves | 133 | €51,010 | €45,000 | -€6,010 | -11.8% |
| Profit (loss) carried forward | 14 | €102 | €81 | -€21 | -20.3% |
| Amounts payable | 17/49 | €75,875 | €70,766 | -€5,110 | -6.7% |
| Amounts payable after more than one year | 17 | €14,768 | €2,962 | -€11,806 | -79.9% |
| Financial debts | 170/4 | €14,768 | €2,962 | -€11,806 | -79.9% |
| Amounts payable within one year | 42/48 | €59,081 | €65,578 | +€6,497 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €11,737 | €11,806 | +€69 | +0.6% |
| Trade debts | 44 | €51 | €1,533 | +€1,482 | +2,894% |
| Suppliers | 440/4 | €51 | €1,533 | +€1,482 | +2,894% |
| Taxes, remuneration and social security | 45 | €4,422 | €5,325 | +€903 | +20.4% |
| Taxes | 450/3 | €4,422 | €5,325 | +€903 | +20.4% |
| Other amounts payable | 47/48 | €42,871 | €46,915 | +€4,043 | +9.4% |
| Accrued charges and deferred income | 492/3 | €2,026 | €2,225 | +€199 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,940 | €26,573 | +€633 | +2.4% |
| Other operating charges | 640/8 | €1,754 | €844 | -€910 | -51.9% |
| Gross operating margin | 9900 | €74,431 | €88,411 | +€13,980 | +18.8% |
| Operating profit (loss) | 9901 | €46,737 | €60,993 | +€14,256 | +30.5% |
| Financial income | 75/76B | €234 | €118 | -€117 | -49.8% |
| Recurring financial income | 75 | €234 | €118 | -€117 | -49.8% |
| Financial charges | 65/66B | €3,195 | €3,364 | +€169 | +5.3% |
| Recurring financial charges | 65 | €3,195 | €3,364 | +€169 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €43,776 | €57,747 | +€13,971 | +31.9% |
| Income taxes | 67/77 | €10,147 | €12,768 | +€2,621 | +25.8% |
| Profit (loss) for the period | 9904 | €33,629 | €44,979 | +€11,350 | +33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,629 | €44,979 | +€11,350 | +33.8% |
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 1 November 2026 via checked.be.