KEEN PROD: 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 PROD
Largest movements
- Cash -€18,694
down €18,694 (-47.7%), from €39,218 to €20,524
mainly Net result for the year (-€10,516) and Other debts (-€8,998)
- Receivables within one year +€1,579
up €1,579 (+76.9%), from €2,053 to €3,632
of which Trade receivables: +€2,864
- Tangible fixed assets -€846
down €846 (-20.7%), from €4,088 to €3,242
of which Plant, machinery and equipment: -€1,701
- Profit (loss) carried forward -€10,516
down €10,516 (-39.0%), from €26,975 to €16,459
- Other debts -€8,998
no longer reported in 2025 (was €8,998)
- Trade debts +€2,329
up €2,329 (+10,969%), from €21 to €2,350
- Tax, wage and social debts -€1,102
down €1,102 (-67.6%), from €1,630 to €528
of which Remuneration and social security: -€1,500
- Gross operating margin -€5,733
down €5,733 (-405%), from -€1,414 to -€7,147
- Depreciation -€721
down €721 (-18.5%), from €3,889 to €3,169
- Financial charges +€265
up €265, from -€47 to €217
- Other operating charges -€181
down €181 (-68.7%), from €263 to €82
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 | €45,685 | €27,398 | -€18,287 | -40.0% |
| Fixed assets | 21/28 | €4,088 | €3,242 | -€846 | -20.7% |
| Tangible fixed assets | 22/27 | €4,088 | €3,242 | -€846 | -20.7% |
| Plant, machinery and equipment | 23 | €3,183 | €1,482 | -€1,701 | -53.4% |
| Furniture and vehicles | 24 | €904 | €1,759 | +€855 | +94.5% |
| Current assets | 29/58 | €41,597 | €24,156 | -€17,441 | -41.9% |
| Amounts receivable within one year | 40/41 | €2,053 | €3,632 | +€1,579 | +76.9% |
| Trade receivables | 40 | €162 | €3,026 | +€2,864 | +1,768% |
| Other amounts receivable | 41 | €1,891 | €606 | -€1,285 | -68.0% |
| Cash at bank and in hand | 54/58 | €39,218 | €20,524 | -€18,694 | -47.7% |
| Deferred charges and accrued income | 490/1 | €326 | - | -€326 | |
| Total equity and liabilities | 10/49 | €45,685 | €27,398 | -€18,287 | -40.0% |
| Equity | 10/15 | €35,035 | €24,519 | -€10,516 | -30.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €26,975 | €16,459 | -€10,516 | -39.0% |
| Amounts payable | 17/49 | €10,649 | €2,878 | -€7,771 | -73.0% |
| Amounts payable within one year | 42/48 | €10,649 | €2,878 | -€7,771 | -73.0% |
| Trade debts | 44 | €21 | €2,350 | +€2,329 | +10,969% |
| Suppliers | 440/4 | €21 | €2,350 | +€2,329 | +10,969% |
| Taxes, remuneration and social security | 45 | €1,630 | €528 | -€1,102 | -67.6% |
| Taxes | 450/3 | €130 | €528 | +€398 | +306% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €8,998 | - | -€8,998 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,889 | €3,169 | -€721 | -18.5% |
| Other operating charges | 640/8 | €263 | €82 | -€181 | -68.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€1,414 | -€7,147 | -€5,733 | -405% |
| Operating profit (loss) | 9901 | -€5,566 | -€10,398 | -€4,832 | -86.8% |
| Financial income | 75/76B | €35 | €104 | +€69 | +198% |
| Recurring financial income | 75 | €35 | €104 | +€69 | +198% |
| Financial charges | 65/66B | -€47 | €217 | +€265 | |
| Recurring financial charges | 65 | -€47 | €217 | +€265 | |
| Profit (loss) for the period before taxes | 9903 | -€5,484 | -€10,511 | -€5,027 | -91.7% |
| Income taxes | 67/77 | €0 | €5 | +€5 | |
| Profit (loss) for the period | 9904 | -€5,484 | -€10,516 | -€5,032 | -91.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,484 | -€10,516 | -€5,032 | -91.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.