Het Keyserrijk: 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.
Het Keyserrijk
Largest movements
- Receivables within one year +€220,450
up €220,450 (+315%), from €70,000 to €290,450
of which Other amounts receivable: +€220,000
- Cash +€34,183
up €34,183 (+114%), from €30,009 to €64,192
mainly Net result for the year (+€327,579) and Debts after one year (+€10,920)
- Tangible fixed assets +€13,105
up €13,105 (+85.6%), from €15,313 to €28,418
of which Other tangible fixed assets: +€11,860
- Reserves +€243,764
up €243,764 (+291%), from €83,814 to €327,579
- Debts after one year +€10,920
up €10,920 (+78.9%), from €13,834 to €24,755
- Tax, wage and social debts +€8,562
up €8,562 (+28.1%), from €30,515 to €39,077
- Financial income +€246,424
up €246,424 (+201,953%), from €122 to €246,546
- Gross operating margin -€19,088
down €19,088 (-14.8%), from €129,265 to €110,177
- Taxes -€17,856
down €17,856 (-41.3%), from €43,185 to €25,328
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 | €129,852 | €395,186 | +€265,334 | +204% |
| Fixed assets | 21/28 | €25,410 | €38,491 | +€13,081 | +51.5% |
| Tangible fixed assets | 22/27 | €15,313 | €28,418 | +€13,105 | +85.6% |
| Plant, machinery and equipment | 23 | €1,902 | €2,830 | +€929 | +48.9% |
| Furniture and vehicles | 24 | €4,148 | €4,463 | +€316 | +7.6% |
| Other tangible fixed assets | 26 | €9,263 | €21,124 | +€11,860 | +128% |
| Financial fixed assets | 28 | €10,097 | €10,073 | -€24 | -0.2% |
| Current assets | 29/58 | €104,442 | €356,695 | +€252,253 | +242% |
| Amounts receivable after more than one year | 29 | - | €1,473 | +€1,473 | |
| Other amounts receivable | 291 | - | €1,473 | +€1,473 | |
| Amounts receivable within one year | 40/41 | €70,000 | €290,450 | +€220,450 | +315% |
| Trade receivables | 40 | €70,000 | €70,450 | +€450 | +0.6% |
| Other amounts receivable | 41 | - | €220,000 | +€220,000 | |
| Cash at bank and in hand | 54/58 | €30,009 | €64,192 | +€34,183 | +114% |
| Deferred charges and accrued income | 490/1 | €4,433 | €581 | -€3,852 | -86.9% |
| Total equity and liabilities | 10/49 | €129,852 | €395,186 | +€265,334 | +204% |
| Equity | 10/15 | €85,314 | €329,079 | +€243,764 | +286% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €83,814 | €327,579 | +€243,764 | +291% |
| Distributable reserves | 133 | €83,814 | €327,579 | +€243,764 | +291% |
| Amounts payable | 17/49 | €44,537 | €66,108 | +€21,570 | +48.4% |
| Amounts payable after more than one year | 17 | €13,834 | €24,755 | +€10,920 | +78.9% |
| Other amounts payable | 178/9 | €13,834 | €24,755 | +€10,920 | +78.9% |
| Amounts payable within one year | 42/48 | €30,703 | €41,342 | +€10,639 | +34.7% |
| Trade debts | 44 | €188 | €2,264 | +€2,077 | +1,105% |
| Suppliers | 440/4 | €188 | €2,264 | +€2,077 | +1,105% |
| Taxes, remuneration and social security | 45 | €30,515 | €39,077 | +€8,562 | +28.1% |
| Taxes | 450/3 | €30,515 | €39,077 | +€8,562 | +28.1% |
| Accrued charges and deferred income | 492/3 | - | €11 | +€11 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,693 | €2,353 | +€660 | +39.0% |
| Other operating charges | 640/8 | €126 | €255 | +€129 | +102% |
| Gross operating margin | 9900 | €129,265 | €110,177 | -€19,088 | -14.8% |
| Operating profit (loss) | 9901 | €127,447 | €107,569 | -€19,877 | -15.6% |
| Financial income | 75/76B | €122 | €246,546 | +€246,424 | +201,953% |
| Recurring financial income | 75 | €122 | €246,546 | +€246,424 | +201,953% |
| Financial charges | 65/66B | €570 | €1,208 | +€638 | +112% |
| Recurring financial charges | 65 | €570 | €1,208 | +€638 | +112% |
| Profit (loss) for the period before taxes | 9903 | €126,999 | €352,907 | +€225,908 | +178% |
| Income taxes | 67/77 | €43,185 | €25,328 | -€17,856 | -41.3% |
| Profit (loss) for the period | 9904 | €83,814 | €327,579 | +€243,764 | +291% |
| Profit (loss) for the period to be appropriated | 9905 | €83,814 | €327,579 | +€243,764 | +291% |
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 21 October 2026 via checked.be.