AN - KEE: 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.
AN - KEE
Largest movements
- Receivables within one year -€20,554
down €20,554 (-16.8%), from €122,389 to €101,834
- Cash -€18,164
down €18,164 (-34.7%), from €52,284 to €34,120
mainly Trade debts (-€21,952) and Net result for the year (-€16,899)
- Stocks and contracts +€10,128
up €10,128 (+6.3%), from €161,668 to €171,796
- Trade debts -€21,952
down €21,952 (-53.7%), from €40,889 to €18,937
- Profit (loss) carried forward -€16,899
down €16,899 (-6.9%), from €243,563 to €226,664
- Other debts +€14,999
up €14,999 (+30.8%), from €48,661 to €63,660
- Tax, wage and social debts -€6,979
down €6,979 (-52.4%), from €13,308 to €6,329
of which Remuneration and social security: -€8,161
- Purchases and services +€93,444
up €93,444 (+4.5%), from €2.1m to €2.2m
- Turnover +€53,845
up €53,845 (+2.5%), from €2.2m to €2.2m
- Gross operating margin -€39,599
down €39,599 (-46.6%), from €84,972 to €45,373
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.
Cash bridge derived
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 | €366,887 | €336,040 | -€30,847 | -8.4% |
| Fixed assets | 21/28 | €27,005 | €24,325 | -€2,680 | -9.9% |
| Tangible fixed assets | 22/27 | €26,983 | €24,303 | -€2,680 | -9.9% |
| Furniture and vehicles | 24 | €26,983 | €24,303 | -€2,680 | -9.9% |
| Financial fixed assets | 28 | €22 | €22 | = | 0.0% |
| Current assets | 29/58 | €339,882 | €311,715 | -€28,167 | -8.3% |
| Stocks and contracts in progress | 3 | €161,668 | €171,796 | +€10,128 | +6.3% |
| Stocks | 30/36 | €161,668 | €171,796 | +€10,128 | +6.3% |
| Amounts receivable within one year | 40/41 | €122,389 | €101,834 | -€20,554 | -16.8% |
| Trade receivables | 40 | €122,389 | €101,834 | -€20,554 | -16.8% |
| Cash at bank and in hand | 54/58 | €52,284 | €34,120 | -€18,164 | -34.7% |
| Deferred charges and accrued income | 490/1 | €3,542 | €3,965 | +€423 | +12.0% |
| Total equity and liabilities | 10/49 | €366,887 | €336,040 | -€30,847 | -8.4% |
| Equity | 10/15 | €264,014 | €247,115 | -€16,899 | -6.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €243,563 | €226,664 | -€16,899 | -6.9% |
| Amounts payable | 17/49 | €102,873 | €88,925 | -€13,947 | -13.6% |
| Amounts payable within one year | 42/48 | €102,858 | €88,925 | -€13,932 | -13.5% |
| Trade debts | 44 | €40,889 | €18,937 | -€21,952 | -53.7% |
| Suppliers | 440/4 | €40,889 | €18,937 | -€21,952 | -53.7% |
| Taxes, remuneration and social security | 45 | €13,308 | €6,329 | -€6,979 | -52.4% |
| Taxes | 450/3 | €5,147 | €6,329 | +€1,182 | +23.0% |
| Remuneration and social security | 454/9 | €8,161 | - | -€8,161 | |
| Other amounts payable | 47/48 | €48,661 | €63,660 | +€14,999 | +30.8% |
| Accrued charges and deferred income | 492/3 | €15 | - | -€15 | |
| Turnover | 70 | €2,184,309 | €2,238,154 | +€53,845 | +2.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,099,336 | €2,192,780 | +€93,444 | +4.5% |
| Remuneration, social security and pensions | 62 | €42,760 | €39,393 | -€3,367 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,967 | €10,868 | +€1,901 | +21.2% |
| Other operating charges | 640/8 | €10,252 | €10,324 | +€73 | +0.7% |
| Gross operating margin | 9900 | €84,972 | €45,373 | -€39,599 | -46.6% |
| Operating profit (loss) | 9901 | €22,993 | -€15,212 | -€38,206 | |
| Financial income | 75/76B | €4,970 | €4,563 | -€408 | -8.2% |
| Recurring financial income | 75 | €4,970 | €4,563 | -€408 | -8.2% |
| Financial charges | 65/66B | €9,374 | €1,457 | -€7,918 | -84.5% |
| Recurring financial charges | 65 | €999 | €1,457 | +€458 | +45.8% |
| Non-recurring financial charges | 66B | €8,375 | - | -€8,375 | |
| Profit (loss) for the period before taxes | 9903 | €18,589 | -€12,106 | -€30,696 | |
| Income taxes | 67/77 | €5,212 | €4,793 | -€420 | -8.1% |
| Profit (loss) for the period | 9904 | €13,377 | -€16,899 | -€30,276 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,377 | -€16,899 | -€30,276 |
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 9 October 2026 via checked.be.