KEER - CONSULT: 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.
KEER - CONSULT
Largest movements
- Tangible fixed assets -€17,521
down €17,521 (-35.3%), from €49,686 to €32,165
of which Furniture and vehicles: -€10,502
- Receivables within one year -€13,027
down €13,027 (-29.2%), from €44,590 to €31,563
of which Other amounts receivable: -€11,974
- Reserves -€17,958
down €17,958 (-5.2%), from €342,784 to €324,826
of which Distributable reserves: -€17,958
- Current portion of long-term debt -€9,898
down €9,898 (-85.3%), from €11,597 to €1,700
- Gross operating margin -€14,781
down €14,781 (-73.8%), from €20,018 to €5,237
- Financial charges -€685
down €685 (-47.4%), from €1,444 to €759
- Staff costs +€560
up €560 (+19.6%), from €2,852 to €3,411
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 | €431,227 | €402,979 | -€28,248 | -6.6% |
| Fixed assets | 21/28 | €384,882 | €367,361 | -€17,521 | -4.6% |
| Tangible fixed assets | 22/27 | €49,686 | €32,165 | -€17,521 | -35.3% |
| Land and buildings | 22 | €31,276 | €25,021 | -€6,255 | -20.0% |
| Plant, machinery and equipment | 23 | €1,782 | €1,018 | -€764 | -42.9% |
| Furniture and vehicles | 24 | €16,628 | €6,126 | -€10,502 | -63.2% |
| Financial fixed assets | 28 | €335,195 | €335,195 | = | 0.0% |
| Current assets | 29/58 | €46,345 | €35,619 | -€10,727 | -23.1% |
| Amounts receivable within one year | 40/41 | €44,590 | €31,563 | -€13,027 | -29.2% |
| Trade receivables | 40 | €7,928 | €6,876 | -€1,052 | -13.3% |
| Other amounts receivable | 41 | €36,662 | €24,687 | -€11,974 | -32.7% |
| Cash at bank and in hand | 54/58 | €748 | €2,986 | +€2,238 | +299% |
| Deferred charges and accrued income | 490/1 | €1,008 | €1,069 | +€62 | +6.1% |
| Total equity and liabilities | 10/49 | €431,227 | €402,979 | -€28,248 | -6.6% |
| Equity | 10/15 | €391,124 | €373,165 | -€17,958 | -4.6% |
| Contributions | 10/11 | €48,339 | €48,339 | = | 0.0% |
| Reserves | 13 | €342,784 | €324,826 | -€17,958 | -5.2% |
| Non-distributable reserves | 130/1 | €4,834 | €4,834 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,834 | €4,834 | = | 0.0% |
| Distributable reserves | 133 | €337,950 | €319,992 | -€17,958 | -5.3% |
| Amounts payable | 17/49 | €40,103 | €29,814 | -€10,289 | -25.7% |
| Amounts payable within one year | 42/48 | €40,103 | €29,814 | -€10,289 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €11,597 | €1,700 | -€9,898 | -85.3% |
| Trade debts | 44 | €11,872 | €12,241 | +€369 | +3.1% |
| Suppliers | 440/4 | €11,872 | €12,241 | +€369 | +3.1% |
| Taxes, remuneration and social security | 45 | €7,367 | €6,606 | -€761 | -10.3% |
| Taxes | 450/3 | €5,717 | €4,936 | -€781 | -13.7% |
| Remuneration and social security | 454/9 | €1,650 | €1,670 | +€20 | +1.2% |
| Other amounts payable | 47/48 | €9,267 | €9,267 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €2,852 | €3,411 | +€560 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,521 | €17,521 | = | 0.0% |
| Other operating charges | 640/8 | €1,318 | €1,354 | +€37 | +2.8% |
| Gross operating margin | 9900 | €20,018 | €5,237 | -€14,781 | -73.8% |
| Operating profit (loss) | 9901 | -€1,673 | -€17,050 | -€15,377 | -919% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Non-recurring financial income | 76B | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,444 | €759 | -€685 | -47.4% |
| Recurring financial charges | 65 | €1,444 | €759 | -€685 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,117 | -€17,808 | -€14,691 | -471% |
| Income taxes | 67/77 | €162 | €150 | -€12 | -7.6% |
| Profit (loss) for the period | 9904 | -€3,279 | -€17,958 | -€14,679 | -448% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,279 | -€17,958 | -€14,679 | -448% |
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 17 October 2026 via checked.be.