Kelber Jan: 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.
Kelber Jan
Largest movements
- Tangible fixed assets +€37,706
new in 2025: €37,706
of which Furniture and vehicles: +€35,910
- Cash +€17,911
up €17,911 (+39.6%), from €45,196 to €63,107
mainly Debts after one year (+€29,163) and Net result for the year (+€19,072)
- Debts after one year +€29,163
new in 2025: €29,163
- Reserves +€19,072
up €19,072 (+38.6%), from €49,359 to €68,431
- Current portion of long-term debt +€8,447
new in 2025: €8,447
- Gross operating margin -€7,400
down €7,400 (-17.1%), from €43,153 to €35,753
- Financial charges +€1,564
up €1,564 (+1,921%), from €81 to €1,646
- Taxes -€1,181
down €1,181 (-14.1%), from €8,399 to €7,218
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 | €55,430 | €111,123 | +€55,693 | +100% |
| Fixed assets | 21/28 | - | €37,706 | +€37,706 | |
| Tangible fixed assets | 22/27 | - | €37,706 | +€37,706 | |
| Furniture and vehicles | 24 | - | €35,910 | +€35,910 | |
| Other tangible fixed assets | 26 | - | €1,795 | +€1,795 | |
| Current assets | 29/58 | €55,430 | €73,418 | +€17,987 | +32.4% |
| Amounts receivable within one year | 40/41 | €9,283 | €10,310 | +€1,027 | +11.1% |
| Trade receivables | 40 | €9,024 | €6,450 | -€2,574 | -28.5% |
| Other amounts receivable | 41 | €259 | €3,860 | +€3,602 | +1,392% |
| Cash at bank and in hand | 54/58 | €45,196 | €63,107 | +€17,911 | +39.6% |
| Deferred charges and accrued income | 490/1 | €951 | €0 | -€951 | -100% |
| Total equity and liabilities | 10/49 | €55,430 | €111,123 | +€55,693 | +100% |
| Equity | 10/15 | €51,359 | €70,431 | +€19,072 | +37.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €49,359 | €68,431 | +€19,072 | +38.6% |
| Distributable reserves | 133 | €49,359 | €68,431 | +€19,072 | +38.6% |
| Amounts payable | 17/49 | €4,071 | €40,692 | +€36,620 | +899% |
| Amounts payable after more than one year | 17 | - | €29,163 | +€29,163 | |
| Financial debts | 170/4 | - | €29,163 | +€29,163 | |
| Amounts payable within one year | 42/48 | €3,921 | €10,559 | +€6,638 | +169% |
| Current portion of amounts payable after more than one year | 42 | - | €8,447 | +€8,447 | |
| Trade debts | 44 | €1,139 | €222 | -€917 | -80.5% |
| Suppliers | 440/4 | €1,139 | €222 | -€917 | -80.5% |
| Taxes, remuneration and social security | 45 | €2,782 | €1,890 | -€893 | -32.1% |
| Taxes | 450/3 | €899 | €0 | -€899 | -100% |
| Remuneration and social security | 454/9 | €1,883 | €1,890 | +€7 | +0.4% |
| Accrued charges and deferred income | 492/3 | €150 | €970 | +€820 | +547% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,704 | €7,751 | +€47 | +0.6% |
| Other operating charges | 640/8 | €182 | €66 | -€116 | -63.9% |
| Gross operating margin | 9900 | €43,153 | €35,753 | -€7,400 | -17.1% |
| Operating profit (loss) | 9901 | €35,267 | €27,936 | -€7,331 | -20.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €81 | €1,646 | +€1,564 | +1,921% |
| Recurring financial charges | 65 | €81 | €1,646 | +€1,564 | +1,921% |
| Profit (loss) for the period before taxes | 9903 | €35,186 | €26,291 | -€8,895 | -25.3% |
| Income taxes | 67/77 | €8,399 | €7,218 | -€1,181 | -14.1% |
| Profit (loss) for the period | 9904 | €26,786 | €19,072 | -€7,714 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,786 | €19,072 | -€7,714 | -28.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.