Keen-ELEK: 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.
Keen-ELEK
Largest movements
- Receivables within one year -€3,467
down €3,467 (-77.1%), from €4,495 to €1,028
of which Trade receivables: -€4,199
- Other debts -€2,574
no longer reported in 2025 (was €2,574)
- Profit (loss) carried forward -€976
down €976 (-13.4%), from -€7,286 to -€8,262
- Trade debts +€66
new in 2025: €66
- Gross operating margin -€534
down €534, from €72 to -€462
- Other operating charges +€501
new in 2025: €501
- Financial charges -€59
down €59 (-82.5%), from €72 to €13
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €5,288 | €1,804 | -€3,484 | -65.9% |
| Fixed assets | 21/28 | €748 | €748 | = | 0.0% |
| Financial fixed assets | 28 | €748 | €748 | = | 0.0% |
| Current assets | 29/58 | €4,540 | €1,056 | -€3,484 | -76.7% |
| Amounts receivable within one year | 40/41 | €4,495 | €1,028 | -€3,467 | -77.1% |
| Trade receivables | 40 | €4,199 | - | -€4,199 | |
| Other amounts receivable | 41 | €296 | €1,028 | +€732 | +247% |
| Cash at bank and in hand | 54/58 | €45 | €28 | -€17 | -37.1% |
| Total equity and liabilities | 10/49 | €5,288 | €1,804 | -€3,484 | -65.9% |
| Equity | 10/15 | €2,714 | €1,738 | -€976 | -36.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,286 | -€8,262 | -€976 | -13.4% |
| Amounts payable | 17/49 | €2,574 | €66 | -€2,508 | -97.4% |
| Amounts payable within one year | 42/48 | €2,574 | €66 | -€2,508 | -97.4% |
| Trade debts | 44 | - | €66 | +€66 | |
| Suppliers | 440/4 | - | €66 | +€66 | |
| Other amounts payable | 47/48 | €2,574 | - | -€2,574 | |
| Other operating charges | 640/8 | - | €501 | +€501 | |
| Gross operating margin | 9900 | €72 | -€462 | -€534 | |
| Operating profit (loss) | 9901 | €72 | -€963 | -€1,035 | |
| Financial charges | 65/66B | €72 | €13 | -€59 | -82.5% |
| Recurring financial charges | 65 | €72 | €13 | -€59 | -82.5% |
| Profit (loss) for the period before taxes | 9903 | - | -€976 | -€976 | |
| Profit (loss) for the period | 9904 | - | -€976 | -€976 | |
| Profit (loss) for the period to be appropriated | 9905 | - | -€976 | -€976 |
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 25 October 2026 via checked.be.