DE KEYSERSHOEVE: 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.
DE KEYSERSHOEVE
Largest movements
- Cash -€15,576
down €15,576 (-12.7%), from €122,759 to €107,184
mainly Net result for the year (-€24,346) and Investment in fixed assets (net) (-€6,990)
- Tangible fixed assets -€5,510
down €5,510 (-16.4%), from €33,640 to €28,130
of which Plant, machinery and equipment: -€5,824
- Stocks and contracts -€3,359
down €3,359 (-24.1%), from €13,928 to €10,569
- Receivables within one year +€2,368
up €2,368 (+306%), from €773 to €3,140
of which Other amounts receivable: +€1,248
- Profit (loss) carried forward -€24,346
down €24,346 (-22.1%), from -€110,348 to -€134,694
- Accrued charges and deferred income +€3,067
up €3,067 (+40.8%), from €7,510 to €10,577
- Gross operating margin -€48,557
down €48,557 (-10.9%), from €446,638 to €398,081
- Staff costs -€26,107
down €26,107 (-6.0%), from €433,858 to €407,751
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 | €175,492 | €152,636 | -€22,856 | -13.0% |
| Fixed assets | 21/28 | €33,640 | €28,130 | -€5,510 | -16.4% |
| Tangible fixed assets | 22/27 | €33,640 | €28,130 | -€5,510 | -16.4% |
| Plant, machinery and equipment | 23 | €27,698 | €21,874 | -€5,824 | -21.0% |
| Furniture and vehicles | 24 | €5,820 | €6,256 | +€437 | +7.5% |
| Leasing and similar rights | 25 | €123 | €0 | -€123 | -100% |
| Current assets | 29/58 | €141,851 | €124,505 | -€17,346 | -12.2% |
| Stocks and contracts in progress | 3 | €13,928 | €10,569 | -€3,359 | -24.1% |
| Stocks | 30/36 | €13,928 | €10,569 | -€3,359 | -24.1% |
| Amounts receivable within one year | 40/41 | €773 | €3,140 | +€2,368 | +306% |
| Trade receivables | 40 | €0 | €1,120 | +€1,120 | |
| Other amounts receivable | 41 | €773 | €2,021 | +€1,248 | +162% |
| Cash at bank and in hand | 54/58 | €122,759 | €107,184 | -€15,576 | -12.7% |
| Deferred charges and accrued income | 490/1 | €4,392 | €3,613 | -€779 | -17.7% |
| Total equity and liabilities | 10/49 | €175,492 | €152,636 | -€22,856 | -13.0% |
| Equity | 10/15 | €26,770 | €2,424 | -€24,346 | -90.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €118,526 | €118,526 | = | 0.0% |
| Distributable reserves | 133 | €118,526 | €118,526 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,348 | -€134,694 | -€24,346 | -22.1% |
| Amounts payable | 17/49 | €148,722 | €150,212 | +€1,490 | +1.0% |
| Amounts payable within one year | 42/48 | €141,212 | €139,635 | -€1,577 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €7,463 | €6,947 | -€515 | -6.9% |
| Trade debts | 44 | €39,617 | €38,349 | -€1,268 | -3.2% |
| Suppliers | 440/4 | €39,617 | €38,349 | -€1,268 | -3.2% |
| Taxes, remuneration and social security | 45 | €93,775 | €93,982 | +€207 | +0.2% |
| Taxes | 450/3 | €30,588 | €31,614 | +€1,027 | +3.4% |
| Remuneration and social security | 454/9 | €63,188 | €62,368 | -€820 | -1.3% |
| Other amounts payable | 47/48 | €357 | €357 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €7,510 | €10,577 | +€3,067 | +40.8% |
| Remuneration, social security and pensions | 62 | €433,858 | €407,751 | -€26,107 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,427 | €12,501 | -€1,926 | -13.4% |
| Other operating charges | 640/8 | €1,585 | €1,635 | +€50 | +3.1% |
| Gross operating margin | 9900 | €446,638 | €398,081 | -€48,557 | -10.9% |
| Operating profit (loss) | 9901 | -€3,232 | -€23,806 | -€20,574 | -636% |
| Financial income | 75/76B | €120 | €353 | +€234 | +195% |
| Recurring financial income | 75 | €120 | €353 | +€234 | +195% |
| Financial charges | 65/66B | €856 | €894 | +€38 | +4.4% |
| Recurring financial charges | 65 | €856 | €723 | -€133 | -15.6% |
| Non-recurring financial charges | 66B | - | €171 | +€171 | |
| Profit (loss) for the period before taxes | 9903 | -€3,969 | -€24,346 | -€20,378 | -513% |
| Profit (loss) for the period | 9904 | -€3,969 | -€24,346 | -€20,378 | -513% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,969 | -€24,346 | -€20,378 | -513% |
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 23 October 2026 via checked.be.