KEESERBERG: what changed
Two fiscal 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
KEESERBERG
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€98,763
2024 · €194,768-€96,006
Equity
€7.5m
2024 · €7.4m+€98,763
Cash
€135,813
2024 · €39,575+€96,239
Balance sheet total
€12.5m
2024 · €13.1m-€639,398
Largest movements
Assets
- Current investments -€400,000
down €400,000 (-80.0%), from €500,000 to €100,000
- Tangible fixed assets -€307,803
down €307,803 (-4.8%), from €6.5m to €6.1m
of which Other tangible fixed assets: -€307,803
- Receivables within one year -€151,805
down €151,805 (-85.6%), from €177,251 to €25,447
of which Other amounts receivable: -€150,000
- Receivables after one year +€150,000
up €150,000 (+19.4%), from €773,395 to €923,395
Equity and liabilities
- Debts after one year -€390,396
down €390,396 (-8.8%), from €4.4m to €4.0m
- Other debts -€195,881
down €195,881 (-95.6%), from €204,912 to €9,031
Income statement
- Services and other goods -€71,994
down €71,994 (-48.4%), from €148,780 to €76,786
- Taxes -€27,697
down €27,697 (-37.4%), from €74,037 to €46,340
of which Taxes: -€28,597
- Other operating income +€18,400
up €18,400 (+14.8%), from €124,632 to €143,032
- Financial income -€9,463
down €9,463 (-18.1%), from €52,382 to €42,919
- Goods and materials +€7,251
up €7,251 (+15.4%), from €46,970 to €54,221
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
€194,768
Turnover
-€1,958
Other operating income
+€18,400
Goods and materials
-€7,251
Services and other goods
+€71,994
Depreciation
-€796
Provisions
-€700
Other operating charges
-€1,172
Other operating items
-€200,000
Financial income
-€9,463
Financial charges
+€7,244
Taxes
+€27,697
Result 2025
€98,763
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.
From operations
+€186,635
Investment
+€400,000
Financing
-€490,396
Cash 2024
€39,575
From operations (derived)
+€186,635
Net result for the year
+€98,763
Depreciation
+€307,803
Receivables after one year
-€150,000
Receivables within one year
+€151,805
Deferred charges and accrued income
+€26,029
Provisions
+€32,000
Trade debts
-€14,521
Tax, wage and social debts
+€6,038
Other debts
-€195,881
Accrued charges and deferred income
-€75,401
Investment (derived)
+€400,000
Current investments
+€400,000
Financing
-€490,396
Debts after one year
-€390,396
Current portion of long-term debt
-€100,000
Cash 2025
€135,813
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,097,413 | €12,458,015 | -€639,398 | -4.9% |
| Fixed assets | 21/28 | €11,563,174 | €11,255,370 | -€307,803 | -2.7% |
| Tangible fixed assets | 22/27 | €6,454,773 | €6,146,969 | -€307,803 | -4.8% |
| Furniture and vehicles | 24 | €14,155 | €14,155 | = | 0.0% |
| Other tangible fixed assets | 26 | €6,440,618 | €6,132,814 | -€307,803 | -4.8% |
| Financial fixed assets | 28 | €5,108,401 | €5,108,401 | = | 0.0% |
| Affiliated companies | 280/1 | €5,108,401 | €5,108,401 | = | 0.0% |
| Participating interests | 280 | €5,108,401 | €5,108,401 | = | 0.0% |
| Current assets | 29/58 | €1,534,239 | €1,202,645 | -€331,595 | -21.6% |
| Amounts receivable after more than one year | 29 | €773,395 | €923,395 | +€150,000 | +19.4% |
| Other amounts receivable | 291 | €773,395 | €923,395 | +€150,000 | +19.4% |
| Amounts receivable within one year | 40/41 | €177,251 | €25,447 | -€151,805 | -85.6% |
| Trade receivables | 40 | €27,251 | €25,447 | -€1,805 | -6.6% |
| Other amounts receivable | 41 | €150,000 | - | -€150,000 | |
| Current investments | 50/53 | €500,000 | €100,000 | -€400,000 | -80.0% |
| Other investments | 51/53 | €500,000 | €100,000 | -€400,000 | -80.0% |
| Cash at bank and in hand | 54/58 | €39,575 | €135,813 | +€96,239 | +243.2% |
| Deferred charges and accrued income | 490/1 | €44,018 | €17,989 | -€26,029 | -59.1% |
| Total equity and liabilities | 10/49 | €13,097,413 | €12,458,015 | -€639,398 | -4.9% |
| Equity | 10/15 | €7,407,103 | €7,505,865 | +€98,763 | +1.3% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Capital | 10 | €2,000,000 | €2,000,000 | = | 0.0% |
| Issued capital | 100 | €2,000,000 | €2,000,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,956,083 | €1,956,083 | = | 0.0% |
| Reserves | 13 | €3,451,020 | €3,549,783 | +€98,763 | +2.9% |
| Non-distributable reserves | 130/1 | €200,000 | €200,000 | = | 0.0% |
| Legal reserve | 130 | €200,000 | €200,000 | = | 0.0% |
| Distributable reserves | 133 | €3,251,020 | €3,349,783 | +€98,763 | +3.0% |
| Provisions and deferred taxes | 16 | €400,050 | €432,050 | +€32,000 | +8.0% |
| Provisions for liabilities and charges | 160/5 | €400,050 | €432,050 | +€32,000 | +8.0% |
| Major repairs and maintenance | 162 | €400,050 | €432,050 | +€32,000 | +8.0% |
| Amounts payable | 17/49 | €5,290,260 | €4,520,099 | -€770,161 | -14.6% |
| Amounts payable after more than one year | 17 | €4,431,632 | €4,041,236 | -€390,396 | -8.8% |
| Financial debts | 170/4 | €4,431,632 | €4,041,236 | -€390,396 | -8.8% |
| Subordinated loans | 170 | €98,252 | €98,252 | = | 0.0% |
| Credit institutions | 173 | €2,466,275 | €2,140,879 | -€325,396 | -13.2% |
| Other loans | 174 | €1,867,105 | €1,802,105 | -€65,000 | -3.5% |
| Amounts payable within one year | 42/48 | €782,124 | €477,760 | -€304,364 | -38.9% |
| Current portion of amounts payable after more than one year | 42 | €525,396 | €425,396 | -€100,000 | -19.0% |
| Trade debts | 44 | €36,121 | €21,600 | -€14,521 | -40.2% |
| Suppliers | 440/4 | €36,121 | €21,600 | -€14,521 | -40.2% |
| Taxes, remuneration and social security | 45 | €15,695 | €21,733 | +€6,038 | +38.5% |
| Taxes | 450/3 | €15,695 | €21,733 | +€6,038 | +38.5% |
| Other amounts payable | 47/48 | €204,912 | €9,031 | -€195,881 | -95.6% |
| Accrued charges and deferred income | 492/3 | €76,503 | €1,102 | -€75,401 | -98.6% |
| Operating income | 70/76A | €911,196 | €727,638 | -€183,558 | -20.1% |
| Turnover | 70 | €586,564 | €584,606 | -€1,958 | -0.3% |
| Other operating income | 74 | €124,632 | €143,032 | +€18,400 | +14.8% |
| Non-recurring operating income | 76A | €200,000 | - | -€200,000 | |
| Operating charges | 60/66A | €581,434 | €519,358 | -€62,076 | -10.7% |
| Goods for resale, raw materials and consumables | 60 | €46,970 | €54,221 | +€7,251 | +15.4% |
| Purchases | 600/8 | €46,970 | €54,221 | +€7,251 | +15.4% |
| Services and other goods | 61 | €148,780 | €76,786 | -€71,994 | -48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €307,008 | €307,803 | +€796 | +0.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €31,300 | €32,000 | +€700 | +2.2% |
| Other operating charges | 640/8 | €47,375 | €48,547 | +€1,172 | +2.5% |
| Operating profit (loss) | 9901 | €329,762 | €208,280 | -€121,482 | -36.8% |
| Financial income | 75/76B | €52,382 | €42,919 | -€9,463 | -18.1% |
| Recurring financial income | 75 | €52,382 | €42,919 | -€9,463 | -18.1% |
| Income from financial fixed assets | 750 | €1,056 | €107 | -€949 | -89.9% |
| Income from current assets | 751 | €51,326 | €42,812 | -€8,515 | -16.6% |
| Other financial income | 752/9 | €0 | €0 | +€0 | +220.0% |
| Financial charges | 65/66B | €113,339 | €106,096 | -€7,244 | -6.4% |
| Recurring financial charges | 65 | €113,339 | €106,096 | -€7,244 | -6.4% |
| Debt charges | 650 | €113,338 | €106,095 | -€7,244 | -6.4% |
| Other financial charges | 652/9 | €1 | €1 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €268,805 | €145,103 | -€123,702 | -46.0% |
| Income taxes | 67/77 | €74,037 | €46,340 | -€27,697 | -37.4% |
| Taxes | 670/3 | €74,937 | €46,340 | -€28,597 | -38.2% |
| Tax adjustments and reversals of tax provisions | 77 | €900 | - | -€900 | |
| Profit (loss) for the period | 9904 | €194,768 | €98,763 | -€96,006 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €194,768 | €98,763 | -€96,006 | -49.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.