KEEBLE: 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.
KEEBLE
Largest movements
- Receivables within one year -€8,110
down €8,110 (-30.9%), from €26,216 to €18,106
- Tangible fixed assets +€1,391
new in 2025: €1,391
- Deferred charges and accrued income -€605
down €605 (-96.5%), from €626 to €22
- Cash -€471
down €471 (-10.0%), from €4,692 to €4,221
mainly Trade debts (-€6,222) and Tax, wage and social debts (-€4,175)
- Trade debts -€6,222
down €6,222 (-79.5%), from €7,827 to €1,604
- Tax, wage and social debts -€4,175
down €4,175 (-48.0%), from €8,702 to €4,527
of which Taxes: -€2,276
- Other debts +€3,854
up €3,854 (+17.5%), from €22,030 to €25,884
- Short-term financial debts -€1,996
down €1,996 (-72.5%), from €2,753 to €757
- Profit (loss) carried forward +€745
up €745 (+6.3%), from -€11,777 to -€11,031
- Gross operating margin +€33,805
up €33,805, from -€7,032 to €26,773
- Staff costs +€10,851
up €10,851 (+113.2%), from €9,581 to €20,432
- Other operating charges -€1,710
down €1,710 (-81.1%), from €2,110 to €400
- Financial charges +€1,195
up €1,195 (+34.0%), from €3,510 to €4,704
- Depreciation +€348
new in 2025: €348
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 | €31,534 | €23,740 | -€7,795 | -24.7% |
| Fixed assets | 21/28 | - | €1,391 | +€1,391 | |
| Tangible fixed assets | 22/27 | - | €1,391 | +€1,391 | |
| Plant, machinery and equipment | 23 | - | €1,391 | +€1,391 | |
| Current assets | 29/58 | €31,534 | €22,349 | -€9,186 | -29.1% |
| Amounts receivable within one year | 40/41 | €26,216 | €18,106 | -€8,110 | -30.9% |
| Trade receivables | 40 | €26,216 | €18,106 | -€8,110 | -30.9% |
| Cash at bank and in hand | 54/58 | €4,692 | €4,221 | -€471 | -10.0% |
| Deferred charges and accrued income | 490/1 | €626 | €22 | -€605 | -96.5% |
| Total equity and liabilities | 10/49 | €31,534 | €23,740 | -€7,795 | -24.7% |
| Equity | 10/15 | -€9,777 | -€9,031 | +€745 | +7.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,777 | -€11,031 | +€745 | +6.3% |
| Amounts payable | 17/49 | €41,311 | €32,771 | -€8,540 | -20.7% |
| Amounts payable within one year | 42/48 | €41,311 | €32,771 | -€8,540 | -20.7% |
| Financial debts | 43 | €2,753 | €757 | -€1,996 | -72.5% |
| Credit institutions | 430/8 | €2,753 | €757 | -€1,996 | -72.5% |
| Trade debts | 44 | €7,827 | €1,604 | -€6,222 | -79.5% |
| Suppliers | 440/4 | €7,827 | €1,604 | -€6,222 | -79.5% |
| Taxes, remuneration and social security | 45 | €8,702 | €4,527 | -€4,175 | -48.0% |
| Taxes | 450/3 | €5,568 | €3,292 | -€2,276 | -40.9% |
| Remuneration and social security | 454/9 | €3,134 | €1,235 | -€1,899 | -60.6% |
| Other amounts payable | 47/48 | €22,030 | €25,884 | +€3,854 | +17.5% |
| Remuneration, social security and pensions | 62 | €9,581 | €20,432 | +€10,851 | +113.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €348 | +€348 | |
| Other operating charges | 640/8 | €2,110 | €400 | -€1,710 | -81.1% |
| Gross operating margin | 9900 | -€7,032 | €26,773 | +€33,805 | |
| Operating profit (loss) | 9901 | -€18,723 | €5,593 | +€24,316 | |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €3,510 | €4,704 | +€1,195 | +34.0% |
| Recurring financial charges | 65 | €3,510 | €4,704 | +€1,195 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | -€22,222 | €889 | +€23,111 | |
| Income taxes | 67/77 | €140 | €144 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€22,362 | €745 | +€23,107 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,362 | €745 | +€23,107 |
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.