KEE: 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.
KEE
Largest movements
- Tangible fixed assets -€11,436
down €11,436 (-14.8%), from €77,354 to €65,918
of which Land and buildings: -€8,333
- Receivables within one year +€9,350
up €9,350 (+75.4%), from €12,394 to €21,744
of which Trade receivables: +€7,477
- Intangible fixed assets -€8,500
down €8,500 (-33.3%), from €25,500 to €17,000
- Cash -€2,182
down €2,182 (-21.1%), from €10,321 to €8,139
mainly Receivables within one year (-€9,350) and Net result for the year (-€7,951)
- Profit (loss) carried forward -€7,951
down €7,951 (-36.6%), from -€21,707 to -€29,659
- Debts after one year -€4,906
down €4,906 (-8.1%), from €60,547 to €55,641
- Tax, wage and social debts -€3,819
down €3,819 (-57.4%), from €6,652 to €2,833
of which Remuneration and social security: -€6,652
- Trade debts +€3,552
up €3,552 (+32.4%), from €10,980 to €14,532
- Turnover +€20,098
up €20,098 (+26.3%), from €76,292 to €96,390
- Purchases and services +€13,882
up €13,882 (+20.5%), from €67,576 to €81,459
- Taxes -€10,928
down €10,928 (-97.0%), from €11,267 to €339
- Gross operating margin +€6,216
up €6,216 (+71.3%), from €8,715 to €14,931
- Financial income +€5,080
up €5,080 (+467.1%), from €1,088 to €6,168
of which Non-recurring financial income: +€5,417
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 | €125,569 | €112,801 | -€12,768 | -10.2% |
| Fixed assets | 21/28 | €102,854 | €82,918 | -€19,936 | -19.4% |
| Intangible fixed assets | 21 | €25,500 | €17,000 | -€8,500 | -33.3% |
| Tangible fixed assets | 22/27 | €77,354 | €65,918 | -€11,436 | -14.8% |
| Land and buildings | 22 | €49,988 | €41,654 | -€8,333 | -16.7% |
| Plant, machinery and equipment | 23 | €15,809 | €16,048 | +€239 | +1.5% |
| Furniture and vehicles | 24 | €11,558 | €8,216 | -€3,342 | -28.9% |
| Current assets | 29/58 | €22,715 | €29,883 | +€7,168 | +31.6% |
| Amounts receivable within one year | 40/41 | €12,394 | €21,744 | +€9,350 | +75.4% |
| Trade receivables | 40 | €12,394 | €19,871 | +€7,477 | +60.3% |
| Other amounts receivable | 41 | - | €1,873 | +€1,873 | |
| Cash at bank and in hand | 54/58 | €10,321 | €8,139 | -€2,182 | -21.1% |
| Total equity and liabilities | 10/49 | €125,569 | €112,801 | -€12,768 | -10.2% |
| Equity | 10/15 | €41,244 | €33,292 | -€7,951 | -19.3% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €42,500 | €42,500 | = | 0.0% |
| Distributable reserves | 133 | €42,500 | €42,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,707 | -€29,659 | -€7,951 | -36.6% |
| Amounts payable | 17/49 | €84,325 | €79,509 | -€4,817 | -5.7% |
| Amounts payable after more than one year | 17 | €60,547 | €55,641 | -€4,906 | -8.1% |
| Financial debts | 170/4 | €60,547 | €55,641 | -€4,906 | -8.1% |
| Amounts payable within one year | 42/48 | €22,800 | €23,868 | +€1,067 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €4,811 | €4,905 | +€94 | +2.0% |
| Trade debts | 44 | €10,980 | €14,532 | +€3,552 | +32.4% |
| Suppliers | 440/4 | €10,980 | €14,532 | +€3,552 | +32.4% |
| Taxes, remuneration and social security | 45 | €6,652 | €2,833 | -€3,819 | -57.4% |
| Taxes | 450/3 | - | €2,833 | +€2,833 | |
| Remuneration and social security | 454/9 | €6,652 | - | -€6,652 | |
| Other amounts payable | 47/48 | €357 | €1,598 | +€1,241 | +347.5% |
| Accrued charges and deferred income | 492/3 | €979 | - | -€979 | |
| Turnover | 70 | €76,292 | €96,390 | +€20,098 | +26.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €67,576 | €81,459 | +€13,882 | +20.5% |
| Remuneration, social security and pensions | 62 | - | €1,658 | +€1,658 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,295 | €23,056 | +€760 | +3.4% |
| Other operating charges | 640/8 | €3,955 | €2,727 | -€1,228 | -31.0% |
| Gross operating margin | 9900 | €8,715 | €14,931 | +€6,216 | +71.3% |
| Operating profit (loss) | 9901 | -€17,535 | -€12,511 | +€5,024 | +28.7% |
| Financial income | 75/76B | €1,088 | €6,168 | +€5,080 | +467.1% |
| Recurring financial income | 75 | €340 | €3 | -€337 | -99.1% |
| Non-recurring financial income | 76B | €748 | €6,165 | +€5,417 | +724.4% |
| Financial charges | 65/66B | €1,463 | €1,269 | -€194 | -13.3% |
| Recurring financial charges | 65 | €1,463 | €1,269 | -€194 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | -€17,910 | -€7,612 | +€10,298 | +57.5% |
| Income taxes | 67/77 | €11,267 | €339 | -€10,928 | -97.0% |
| Profit (loss) for the period | 9904 | -€29,178 | -€7,951 | +€21,226 | +72.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,178 | -€7,951 | +€21,226 | +72.7% |
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 30 September 2026 via checked.be.