KEEP-IT: 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.
KEEP-IT
Largest movements
- Receivables within one year +€67,288
up €67,288 (+39.8%), from €168,885 to €236,174
of which Trade receivables: +€59,980
- Tangible fixed assets +€31,734
up €31,734 (+3.1%), from €1.0m to €1.1m
of which Furniture and vehicles: +€27,900
- Cash -€28,978
down €28,978 (-14.1%), from €205,669 to €176,691
mainly Contributions, distributions and other (-€440,000) and Investment in fixed assets (net) (-€109,122)
- Other debts +€206,000
up €206,000 (+1,085%), from €18,979 to €224,979
- Reserves -€100,000
down €100,000 (-22.6%), from €441,860 to €341,860
of which Distributable reserves: -€100,000
- Debts after one year -€43,456
down €43,456 (-6.0%), from €719,965 to €676,509
- Tax, wage and social debts +€19,640
up €19,640 (+21.8%), from €90,040 to €109,680
of which Remuneration and social security: +€14,377
- Trade debts -€16,254
down €16,254 (-13.7%), from €118,291 to €102,037
- Gross operating margin +€258,659
up €258,659 (+51.6%), from €501,641 to €760,300
- Taxes +€55,124
up €55,124 (+94.6%), from €58,248 to €113,372
- Staff costs +€34,890
up €34,890 (+21.5%), from €162,367 to €197,257
- Depreciation -€10,831
down €10,831 (-12.3%), from €88,218 to €77,387
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 | €1,512,417 | €1,597,933 | +€85,516 | +5.7% |
| Fixed assets | 21/28 | €1,030,259 | €1,061,993 | +€31,734 | +3.1% |
| Tangible fixed assets | 22/27 | €1,027,832 | €1,059,566 | +€31,734 | +3.1% |
| Land and buildings | 22 | €966,021 | €977,439 | +€11,418 | +1.2% |
| Plant, machinery and equipment | 23 | €21,029 | €17,805 | -€3,223 | -15.3% |
| Furniture and vehicles | 24 | €17,983 | €45,884 | +€27,900 | +155% |
| Other tangible fixed assets | 26 | €22,798 | €18,438 | -€4,360 | -19.1% |
| Financial fixed assets | 28 | €2,427 | €2,427 | = | 0.0% |
| Current assets | 29/58 | €482,158 | €535,940 | +€53,782 | +11.2% |
| Stocks and contracts in progress | 3 | €101,079 | €103,912 | +€2,833 | +2.8% |
| Stocks | 30/36 | €101,079 | €103,912 | +€2,833 | +2.8% |
| Amounts receivable within one year | 40/41 | €168,885 | €236,174 | +€67,288 | +39.8% |
| Trade receivables | 40 | €144,053 | €204,033 | +€59,980 | +41.6% |
| Other amounts receivable | 41 | €24,832 | €32,140 | +€7,308 | +29.4% |
| Current investments | 50/53 | - | €15,000 | +€15,000 | |
| Cash at bank and in hand | 54/58 | €205,669 | €176,691 | -€28,978 | -14.1% |
| Deferred charges and accrued income | 490/1 | €6,524 | €4,163 | -€2,361 | -36.2% |
| Total equity and liabilities | 10/49 | €1,512,417 | €1,597,933 | +€85,516 | +5.7% |
| Equity | 10/15 | €462,893 | €365,488 | -€97,405 | -21.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €441,860 | €341,860 | -€100,000 | -22.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €440,000 | €340,000 | -€100,000 | -22.7% |
| Profit (loss) carried forward | 14 | €2,433 | €5,028 | +€2,595 | +107% |
| Amounts payable | 17/49 | €1,049,524 | €1,232,445 | +€182,921 | +17.4% |
| Amounts payable after more than one year | 17 | €719,965 | €676,509 | -€43,456 | -6.0% |
| Financial debts | 170/4 | €719,965 | €676,509 | -€43,456 | -6.0% |
| Amounts payable within one year | 42/48 | €309,172 | €520,444 | +€211,273 | +68.3% |
| Current portion of amounts payable after more than one year | 42 | €77,640 | €83,748 | +€6,108 | +7.9% |
| Financial debts | 43 | €4,221 | - | -€4,221 | |
| Credit institutions | 430/8 | €4,221 | - | -€4,221 | |
| Trade debts | 44 | €118,291 | €102,037 | -€16,254 | -13.7% |
| Suppliers | 440/4 | €118,291 | €102,037 | -€16,254 | -13.7% |
| Taxes, remuneration and social security | 45 | €90,040 | €109,680 | +€19,640 | +21.8% |
| Taxes | 450/3 | €69,439 | €74,701 | +€5,263 | +7.6% |
| Remuneration and social security | 454/9 | €20,601 | €34,978 | +€14,377 | +69.8% |
| Other amounts payable | 47/48 | €18,979 | €224,979 | +€206,000 | +1,085% |
| Accrued charges and deferred income | 492/3 | €20,387 | €35,491 | +€15,104 | +74.1% |
| Remuneration, social security and pensions | 62 | €162,367 | €197,257 | +€34,890 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,218 | €77,387 | -€10,831 | -12.3% |
| Other operating charges | 640/8 | €4,941 | €6,322 | +€1,382 | +28.0% |
| Gross operating margin | 9900 | €501,641 | €760,300 | +€258,659 | +51.6% |
| Operating profit (loss) | 9901 | €246,115 | €479,333 | +€233,218 | +94.8% |
| Financial income | 75/76B | €142 | €34 | -€109 | -76.4% |
| Recurring financial income | 75 | €142 | €34 | -€109 | -76.4% |
| Financial charges | 65/66B | €18,426 | €23,400 | +€4,973 | +27.0% |
| Recurring financial charges | 65 | €18,426 | €23,400 | +€4,973 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €227,831 | €455,967 | +€228,136 | +100% |
| Income taxes | 67/77 | €58,248 | €113,372 | +€55,124 | +94.6% |
| Profit (loss) for the period | 9904 | €169,583 | €342,595 | +€173,012 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €169,583 | €342,595 | +€173,012 | +102% |
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 31 October 2026 via checked.be.