DE KEYSER DIRK: what changed
Two fiscal 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.
DE KEYSER DIRK
Largest movements
- Cash -€14,913
down €14,913 (-45.3%), from €32,942 to €18,029
mainly Short-term financial debts (-€20,500) and Trade debts (-€12,033)
- Tangible fixed assets -€12,560
down €12,560 (-52.1%), from €24,126 to €11,566
of which Furniture and vehicles: -€11,245
- Receivables within one year -€8,415
down €8,415 (-5.4%), from €155,400 to €146,985
of which Trade receivables: -€10,370
- Stocks and contracts -€4,100
down €4,100 (-26.0%), from €15,741 to €11,641
- Short-term financial debts -€20,500
no longer reported in 2025 (was €20,500)
- Trade debts -€12,033
down €12,033 (-36.9%), from €32,574 to €20,541
- Tax, wage and social debts -€7,558
down €7,558 (-94.6%), from €7,993 to €435
- Gross operating margin -€65,830
down €65,830 (-57.6%), from €114,245 to €48,415
- Other operating charges +€7,108
up €7,108 (+147.4%), from €4,821 to €11,929
- Taxes +€3,765
up €3,765 (+23.6%), from €15,979 to €19,744
- Financial charges -€2,424
down €2,424 (-36.7%), from €6,604 to €4,180
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 | €228,209 | €188,221 | -€39,988 | -17.5% |
| Fixed assets | 21/28 | €24,126 | €11,566 | -€12,560 | -52.1% |
| Tangible fixed assets | 22/27 | €24,126 | €11,566 | -€12,560 | -52.1% |
| Plant, machinery and equipment | 23 | €7,382 | €6,067 | -€1,315 | -17.8% |
| Furniture and vehicles | 24 | €16,744 | €5,499 | -€11,245 | -67.2% |
| Current assets | 29/58 | €204,083 | €176,655 | -€27,428 | -13.4% |
| Stocks and contracts in progress | 3 | €15,741 | €11,641 | -€4,100 | -26.0% |
| Stocks | 30/36 | €15,741 | €11,641 | -€4,100 | -26.0% |
| Amounts receivable within one year | 40/41 | €155,400 | €146,985 | -€8,415 | -5.4% |
| Trade receivables | 40 | €36,390 | €26,020 | -€10,370 | -28.5% |
| Other amounts receivable | 41 | €119,010 | €120,965 | +€1,955 | +1.6% |
| Cash at bank and in hand | 54/58 | €32,942 | €18,029 | -€14,913 | -45.3% |
| Total equity and liabilities | 10/49 | €228,209 | €188,221 | -€39,988 | -17.5% |
| Equity | 10/15 | €167,142 | €167,245 | +€103 | +0.1% |
| Contributions | 10/11 | €54,537 | €54,637 | +€100 | +0.2% |
| Reserves | 13 | €145,419 | €145,419 | = | 0.0% |
| Distributable reserves | 133 | €145,419 | €145,419 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,814 | -€32,811 | +€3 | 0.0% |
| Amounts payable | 17/49 | €61,067 | €20,976 | -€40,091 | -65.7% |
| Amounts payable within one year | 42/48 | €61,067 | €20,976 | -€40,091 | -65.7% |
| Financial debts | 43 | €20,500 | - | -€20,500 | |
| Credit institutions | 430/8 | €20,500 | - | -€20,500 | |
| Trade debts | 44 | €32,574 | €20,541 | -€12,033 | -36.9% |
| Suppliers | 440/4 | €32,574 | €20,541 | -€12,033 | -36.9% |
| Taxes, remuneration and social security | 45 | €7,993 | €435 | -€7,558 | -94.6% |
| Taxes | 450/3 | €7,993 | €435 | -€7,558 | -94.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,580 | €12,559 | -€1,021 | -7.5% |
| Other operating charges | 640/8 | €4,821 | €11,929 | +€7,108 | +147.4% |
| Gross operating margin | 9900 | €114,245 | €48,415 | -€65,830 | -57.6% |
| Operating profit (loss) | 9901 | €95,844 | €23,927 | -€71,917 | -75.0% |
| Financial charges | 65/66B | €6,604 | €4,180 | -€2,424 | -36.7% |
| Recurring financial charges | 65 | €6,604 | €4,180 | -€2,424 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | €89,240 | €19,747 | -€69,493 | -77.9% |
| Income taxes | 67/77 | €15,979 | €19,744 | +€3,765 | +23.6% |
| Profit (loss) for the period | 9904 | €73,261 | €3 | -€73,258 | -100.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €73,261 | €3 | -€73,258 | -100.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.