K.E.E.V.: 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.
K.E.E.V.
Largest movements
- Receivables within one year +€34,673
up €34,673 (+94.2%), from €36,805 to €71,478
of which Other amounts receivable: +€40,856
- Cash +€7,955
up €7,955 (+154.2%), from €5,157 to €13,112
mainly Net result for the year (+€40,356) and Tax, wage and social debts (+€3,561)
- Reserves +€40,356
up €40,356 (+220.6%), from €18,296 to €58,652
- Tax, wage and social debts +€3,561
up €3,561 (+24.1%), from €14,802 to €18,363
of which Taxes: +€3,761
- Other debts -€1,718
no longer reported in 2025 (was €1,718)
- Gross operating margin -€6,278
down €6,278 (-10.2%), from €61,285 to €55,007
- Taxes +€4,826
up €4,826 (+65.0%), from €7,421 to €12,246
- Financial income +€1,550
up €1,550 (+1663.1%), from €93 to €1,644
- Other operating charges +€1,072
up €1,072 (+180.6%), from €593 to €1,665
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 | €48,963 | €92,414 | +€43,451 | +88.7% |
| Fixed assets | 21/28 | €4,207 | €5,011 | +€804 | +19.1% |
| Tangible fixed assets | 22/27 | €4,207 | €5,011 | +€804 | +19.1% |
| Plant, machinery and equipment | 23 | €783 | €469 | -€314 | -40.1% |
| Furniture and vehicles | 24 | €3,424 | €4,542 | +€1,118 | +32.7% |
| Current assets | 29/58 | €44,756 | €87,403 | +€42,648 | +95.3% |
| Amounts receivable within one year | 40/41 | €36,805 | €71,478 | +€34,673 | +94.2% |
| Trade receivables | 40 | €20,691 | €14,508 | -€6,183 | -29.9% |
| Other amounts receivable | 41 | €16,114 | €56,970 | +€40,856 | +253.5% |
| Cash at bank and in hand | 54/58 | €5,157 | €13,112 | +€7,955 | +154.2% |
| Deferred charges and accrued income | 490/1 | €2,793 | €2,812 | +€19 | +0.7% |
| Total equity and liabilities | 10/49 | €48,963 | €92,414 | +€43,451 | +88.7% |
| Equity | 10/15 | €30,796 | €71,152 | +€40,356 | +131.0% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €18,296 | €58,652 | +€40,356 | +220.6% |
| Distributable reserves | 133 | €18,296 | €58,652 | +€40,356 | +220.6% |
| Amounts payable | 17/49 | €18,167 | €21,262 | +€3,095 | +17.0% |
| Amounts payable within one year | 42/48 | €18,167 | €20,744 | +€2,577 | +14.2% |
| Trade debts | 44 | €1,647 | €2,381 | +€734 | +44.6% |
| Suppliers | 440/4 | €1,647 | €2,381 | +€734 | +44.6% |
| Taxes, remuneration and social security | 45 | €14,802 | €18,363 | +€3,561 | +24.1% |
| Taxes | 450/3 | €13,652 | €17,413 | +€3,761 | +27.5% |
| Remuneration and social security | 454/9 | €1,150 | €950 | -€200 | -17.4% |
| Other amounts payable | 47/48 | €1,718 | - | -€1,718 | |
| Accrued charges and deferred income | 492/3 | - | €518 | +€518 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193 | €766 | +€573 | +297.2% |
| Other operating charges | 640/8 | €593 | €1,665 | +€1,072 | +180.6% |
| Gross operating margin | 9900 | €61,285 | €55,007 | -€6,278 | -10.2% |
| Operating profit (loss) | 9901 | €60,498 | €52,576 | -€7,923 | -13.1% |
| Financial income | 75/76B | €93 | €1,644 | +€1,550 | +1663.1% |
| Recurring financial income | 75 | €93 | €1,644 | +€1,550 | +1663.1% |
| Financial charges | 65/66B | €2,188 | €1,617 | -€571 | -26.1% |
| Recurring financial charges | 65 | €2,188 | €1,617 | -€571 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €58,403 | €52,603 | -€5,801 | -9.9% |
| Income taxes | 67/77 | €7,421 | €12,246 | +€4,826 | +65.0% |
| Profit (loss) for the period | 9904 | €50,983 | €40,356 | -€10,626 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €50,983 | €40,356 | -€10,626 | -20.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.