KEEP TRANSPORTS: 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 TRANSPORTS
Largest movements
- Receivables within one year +€87,404
up €87,404 (+54.7%), from €159,745 to €247,148
of which Trade receivables: +€87,361
- Stocks and contracts +€40,400
up €40,400 (+555%), from €7,280 to €47,680
- Tangible fixed assets +€31,338
up €31,338 (+32.6%), from €96,141 to €127,479
of which Furniture and vehicles: +€35,689
- Deferred charges and accrued income +€5,855
up €5,855 (+133%), from €4,409 to €10,264
- Trade debts +€74,255
up €74,255 (+121%), from €61,492 to €135,747
- Other debts +€32,286
up €32,286 (+340%), from €9,504 to €41,790
- Debts after one year +€21,416
up €21,416 (+24.2%), from €88,316 to €109,732
- Current portion of long-term debt +€18,070
up €18,070 (+36.5%), from €49,547 to €67,617
- Profit (loss) carried forward +€14,199
up €14,199 (+49.7%), from €28,548 to €42,748
- Gross operating margin +€56,942
up €56,942 (+30.5%), from €186,786 to €243,728
- Staff costs +€39,093
up €39,093 (+37.6%), from €103,891 to €142,984
- Depreciation +€17,631
up €17,631 (+55.6%), from €31,731 to €49,362
- Other operating charges +€12,415
up €12,415 (+175%), from €7,082 to €19,497
- Taxes -€9,534
no longer reported in 2025 (was €9,534)
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 | €275,470 | €442,528 | +€167,058 | +60.6% |
| Fixed assets | 21/28 | €102,091 | €132,429 | +€30,338 | +29.7% |
| Tangible fixed assets | 22/27 | €96,141 | €127,479 | +€31,338 | +32.6% |
| Plant, machinery and equipment | 23 | €21,719 | €17,368 | -€4,351 | -20.0% |
| Furniture and vehicles | 24 | €74,422 | €110,112 | +€35,689 | +48.0% |
| Financial fixed assets | 28 | €5,950 | €4,950 | -€1,000 | -16.8% |
| Current assets | 29/58 | €173,379 | €310,099 | +€136,720 | +78.9% |
| Stocks and contracts in progress | 3 | €7,280 | €47,680 | +€40,400 | +555% |
| Stocks | 30/36 | €7,280 | €47,680 | +€40,400 | +555% |
| Amounts receivable within one year | 40/41 | €159,745 | €247,148 | +€87,404 | +54.7% |
| Trade receivables | 40 | €159,435 | €246,795 | +€87,361 | +54.8% |
| Other amounts receivable | 41 | €310 | €353 | +€43 | +13.8% |
| Cash at bank and in hand | 54/58 | €1,945 | €5,007 | +€3,061 | +157% |
| Deferred charges and accrued income | 490/1 | €4,409 | €10,264 | +€5,855 | +133% |
| Total equity and liabilities | 10/49 | €275,470 | €442,528 | +€167,058 | +60.6% |
| Equity | 10/15 | €29,548 | €43,748 | +€14,199 | +48.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,548 | €42,748 | +€14,199 | +49.7% |
| Amounts payable | 17/49 | €245,922 | €398,780 | +€152,858 | +62.2% |
| Amounts payable after more than one year | 17 | €88,316 | €109,732 | +€21,416 | +24.2% |
| Financial debts | 170/4 | €88,316 | €109,732 | +€21,416 | +24.2% |
| Amounts payable within one year | 42/48 | €157,606 | €289,048 | +€131,442 | +83.4% |
| Current portion of amounts payable after more than one year | 42 | €49,547 | €67,617 | +€18,070 | +36.5% |
| Trade debts | 44 | €61,492 | €135,747 | +€74,255 | +121% |
| Suppliers | 440/4 | €61,492 | €135,747 | +€74,255 | +121% |
| Taxes, remuneration and social security | 45 | €37,063 | €43,895 | +€6,832 | +18.4% |
| Taxes | 450/3 | €22,432 | €19,240 | -€3,192 | -14.2% |
| Remuneration and social security | 454/9 | €14,631 | €24,655 | +€10,024 | +68.5% |
| Other amounts payable | 47/48 | €9,504 | €41,790 | +€32,286 | +340% |
| Remuneration, social security and pensions | 62 | €103,891 | €142,984 | +€39,093 | +37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,731 | €49,362 | +€17,631 | +55.6% |
| Other operating charges | 640/8 | €7,082 | €19,497 | +€12,415 | +175% |
| Non-recurring operating charges | 66A | €4,486 | - | -€4,486 | |
| Gross operating margin | 9900 | €186,786 | €243,728 | +€56,942 | +30.5% |
| Operating profit (loss) | 9901 | €39,597 | €31,885 | -€7,712 | -19.5% |
| Financial income | 75/76B | €270 | €217 | -€53 | -19.6% |
| Recurring financial income | 75 | €270 | €217 | -€53 | -19.6% |
| Non-recurring financial income | 76B | €270 | €217 | -€53 | -19.6% |
| Financial charges | 65/66B | €18,541 | €17,896 | -€645 | -3.5% |
| Recurring financial charges | 65 | €18,541 | €17,896 | -€645 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €21,326 | €14,206 | -€7,120 | -33.4% |
| Income taxes | 67/77 | €9,534 | - | -€9,534 | |
| Profit (loss) for the period | 9904 | €11,792 | €14,206 | +€2,414 | +20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,792 | €14,206 | +€2,414 | +20.5% |
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 14 October 2026 via checked.be.