KEEPSAKE: 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.
KEEPSAKE
Largest movements
- Current investments +€30,704
up €30,704 (+7.3%), from €423,487 to €454,191
- Receivables within one year -€10,191
down €10,191 (-13.1%), from €77,589 to €67,398
of which Other amounts receivable: -€8,977
- Profit (loss) carried forward -€99,129
down €99,129 (-34.3%), from €289,129 to €190,000
- Reserves +€67,343
up €67,343 (+55.7%), from €120,818 to €188,161
- Tax, wage and social debts +€36,744
up €36,744 (+134.9%), from €27,235 to €63,979
- Other debts +€13,323
up €13,323 (+14.6%), from €91,420 to €104,743
- Financial income +€25,983
up €25,983 (+313.5%), from €8,287 to €34,270
- Taxes +€12,298
up €12,298 (+50.3%), from €24,462 to €36,760
- Gross operating margin -€6,318
down €6,318 (-6.7%), from €94,641 to €88,323
- Depreciation -€2,628
down €2,628 (-28.2%), from €9,330 to €6,702
- Financial charges -€1,740
down €1,740 (-23.3%), from €7,468 to €5,728
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 | €548,065 | €567,407 | +€19,342 | +3.5% |
| Fixed assets | 21/28 | €6,797 | €2,581 | -€4,216 | -62.0% |
| Tangible fixed assets | 22/27 | €6,797 | €2,581 | -€4,216 | -62.0% |
| Plant, machinery and equipment | 23 | €5,680 | €2,581 | -€3,099 | -54.6% |
| Furniture and vehicles | 24 | €1,117 | - | -€1,117 | |
| Current assets | 29/58 | €541,268 | €564,826 | +€23,558 | +4.4% |
| Amounts receivable within one year | 40/41 | €77,589 | €67,398 | -€10,191 | -13.1% |
| Trade receivables | 40 | €13,283 | €12,069 | -€1,214 | -9.1% |
| Other amounts receivable | 41 | €64,306 | €55,329 | -€8,977 | -14.0% |
| Current investments | 50/53 | €423,487 | €454,191 | +€30,704 | +7.3% |
| Cash at bank and in hand | 54/58 | €40,192 | €42,067 | +€1,875 | +4.7% |
| Deferred charges and accrued income | 490/1 | - | €1,170 | +€1,170 | |
| Total equity and liabilities | 10/49 | €548,065 | €567,407 | +€19,342 | +3.5% |
| Equity | 10/15 | €428,547 | €396,761 | -€31,786 | -7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €120,818 | €188,161 | +€67,343 | +55.7% |
| Distributable reserves | 133 | €120,818 | €188,161 | +€67,343 | +55.7% |
| Profit (loss) carried forward | 14 | €289,129 | €190,000 | -€99,129 | -34.3% |
| Amounts payable | 17/49 | €119,518 | €170,646 | +€51,128 | +42.8% |
| Amounts payable within one year | 42/48 | €119,518 | €170,646 | +€51,128 | +42.8% |
| Trade debts | 44 | €863 | €1,924 | +€1,061 | +122.9% |
| Suppliers | 440/4 | €863 | €1,924 | +€1,061 | +122.9% |
| Taxes, remuneration and social security | 45 | €27,235 | €63,979 | +€36,744 | +134.9% |
| Taxes | 450/3 | €27,235 | €63,979 | +€36,744 | +134.9% |
| Other amounts payable | 47/48 | €91,420 | €104,743 | +€13,323 | +14.6% |
| Non-recurring operating income | 76A | €20,345 | - | -€20,345 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,330 | €6,702 | -€2,628 | -28.2% |
| Other operating charges | 640/8 | €433 | €446 | +€13 | +3.0% |
| Gross operating margin | 9900 | €94,641 | €88,323 | -€6,318 | -6.7% |
| Operating profit (loss) | 9901 | €84,878 | €81,175 | -€3,703 | -4.4% |
| Financial income | 75/76B | €8,287 | €34,270 | +€25,983 | +313.5% |
| Recurring financial income | 75 | €8,287 | €34,270 | +€25,983 | +313.5% |
| Financial charges | 65/66B | €7,468 | €5,728 | -€1,740 | -23.3% |
| Recurring financial charges | 65 | €7,468 | €5,728 | -€1,740 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €85,697 | €109,717 | +€24,020 | +28.0% |
| Income taxes | 67/77 | €24,462 | €36,760 | +€12,298 | +50.3% |
| Profit (loss) for the period | 9904 | €61,235 | €72,957 | +€11,722 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €61,235 | €72,957 | +€11,722 | +19.1% |
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 9 October 2026 via checked.be.