Keerekewere: 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.
What changed
Keerekewere
NACE 69.102, Activities of notaries
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€192,686
2024 · €139,332-€332,018
Equity
€1.2m
2024 · €1.4m-€217,686
Cash
€95,821
2024 · €120,629-€24,807
Balance sheet total
€3.8m
2024 · €4.0m-€176,106
Largest movements
Assets
- Deferred charges and accrued income -€103,265
down €103,265 (-62.6%), from €165,000 to €61,735
- Tangible fixed assets -€62,473
down €62,473 (-3.0%), from €2.1m to €2.0m
of which Land and buildings: -€60,173
Equity and liabilities
- Other debts +€464,544
up €464,544 (+89.6%), from €518,520 to €983,064
- Short-term financial debts -€350,000
down €350,000 (-100%), from €350,000 to €0
- Profit (loss) carried forward -€192,686
down €192,686, from €0 to -€192,686
- Debts after one year -€63,087
down €63,087 (-3.9%), from €1.6m to €1.6m
Income statement
- Gross operating margin -€273,158
down €273,158 (-100.0%), from €273,270 to €112
- Financial charges +€69,452
up €69,452 (+306%), from €22,667 to €92,120
- Taxes -€13,878
down €13,878 (-96.1%), from €14,442 to €564
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.
Result 2024
€139,332
Gross operating margin
-€273,158
Depreciation
-€653
Other operating charges
-€2,358
Financial income
-€275
Financial charges
-€69,452
Taxes
+€13,878
Result 2025
-€192,686
raises the resultlowers the result
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.
From operations
+€440,506
Investment
-€36,489
Financing
-€428,824
Cash 2024
€120,629
From operations (derived)
+€440,506
Net result for the year
-€192,686
Depreciation
+€92,961
Receivables within one year
-€8,439
Deferred charges and accrued income
+€103,265
Smaller working-capital items
-€1,159
Tax, wage and social debts
-€17,980
Other debts
+€464,544
Investment (derived)
-€36,489
Investment in fixed assets (net)
-€36,489
Financing
-€428,824
Debts after one year
-€63,087
Current portion of long-term debt
+€9,263
Short-term financial debts
-€350,000
Contributions, distributions and other
-€25,000
Cash 2025
€95,821
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,018,686 | €3,842,580 | -€176,106 | -4.4% |
| Fixed assets | 21/28 | €3,706,925 | €3,650,452 | -€56,473 | -1.5% |
| Tangible fixed assets | 22/27 | €2,066,925 | €2,004,452 | -€62,473 | -3.0% |
| Land and buildings | 22 | €1,972,835 | €1,912,662 | -€60,173 | -3.1% |
| Plant, machinery and equipment | 23 | €13,438 | €8,851 | -€4,586 | -34.1% |
| Furniture and vehicles | 24 | €80,653 | €82,939 | +€2,286 | +2.8% |
| Financial fixed assets | 28 | €1,640,000 | €1,646,000 | +€6,000 | +0.4% |
| Current assets | 29/58 | €311,761 | €192,128 | -€119,633 | -38.4% |
| Amounts receivable within one year | 40/41 | €26,133 | €34,572 | +€8,439 | +32.3% |
| Trade receivables | 40 | €1,820 | €0 | -€1,820 | -100% |
| Other amounts receivable | 41 | €24,313 | €34,572 | +€10,259 | +42.2% |
| Cash at bank and in hand | 54/58 | €120,629 | €95,821 | -€24,807 | -20.6% |
| Deferred charges and accrued income | 490/1 | €165,000 | €61,735 | -€103,265 | -62.6% |
| Total equity and liabilities | 10/49 | €4,018,686 | €3,842,580 | -€176,106 | -4.4% |
| Equity | 10/15 | €1,407,371 | €1,189,685 | -€217,686 | -15.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,394,971 | €1,369,971 | -€25,000 | -1.8% |
| Distributable reserves | 133 | €1,394,971 | €1,369,971 | -€25,000 | -1.8% |
| Profit (loss) carried forward | 14 | €0 | -€192,686 | -€192,686 | |
| Amounts payable | 17/49 | €2,611,315 | €2,652,896 | +€41,580 | +1.6% |
| Amounts payable after more than one year | 17 | €1,615,612 | €1,552,525 | -€63,087 | -3.9% |
| Financial debts | 170/4 | €1,615,612 | €1,552,525 | -€63,087 | -3.9% |
| Amounts payable within one year | 42/48 | €995,419 | €1,100,371 | +€104,952 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €68,641 | €77,904 | +€9,263 | +13.5% |
| Financial debts | 43 | €350,000 | €0 | -€350,000 | -100% |
| Credit institutions | 430/8 | €350,000 | €0 | -€350,000 | -100% |
| Trade debts | 44 | €10,032 | €9,158 | -€875 | -8.7% |
| Suppliers | 440/4 | €10,032 | €9,158 | -€875 | -8.7% |
| Taxes, remuneration and social security | 45 | €48,225 | €30,245 | -€17,980 | -37.3% |
| Taxes | 450/3 | €37,725 | €23,045 | -€14,680 | -38.9% |
| Remuneration and social security | 454/9 | €10,500 | €7,200 | -€3,300 | -31.4% |
| Other amounts payable | 47/48 | €518,520 | €983,064 | +€464,544 | +89.6% |
| Accrued charges and deferred income | 492/3 | €284 | €0 | -€284 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,309 | €92,961 | +€653 | +0.7% |
| Other operating charges | 640/8 | €5,280 | €7,639 | +€2,358 | +44.7% |
| Gross operating margin | 9900 | €273,270 | €112 | -€273,158 | -100.0% |
| Operating profit (loss) | 9901 | €175,681 | -€100,488 | -€276,169 | |
| Financial income | 75/76B | €760 | €485 | -€275 | -36.2% |
| Recurring financial income | 75 | €760 | €485 | -€275 | -36.2% |
| Financial charges | 65/66B | €22,667 | €92,120 | +€69,452 | +306% |
| Recurring financial charges | 65 | €22,667 | €92,120 | +€69,452 | +306% |
| Profit (loss) for the period before taxes | 9903 | €153,774 | -€192,123 | -€345,897 | |
| Income taxes | 67/77 | €14,442 | €564 | -€13,878 | -96.1% |
| Profit (loss) for the period | 9904 | €139,332 | -€192,686 | -€332,018 | |
| Profit (loss) for the period to be appropriated | 9905 | €139,332 | -€192,686 | -€332,018 |
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 1 November 2026 via checked.be.