Kei-Jong: 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.
Kei-Jong
Largest movements
- Cash +€39,246
up €39,246 (+61.2%), from €64,091 to €103,337
mainly Net result for the year (+€38,990) and Debts within one year (+€19,292)
- Tangible fixed assets +€29,104
up €29,104 (+169%), from €17,228 to €46,332
- Receivables within one year +€8,785
up €8,785 (+10.4%), from €84,093 to €92,878
of which Trade receivables: +€11,132
- Stocks and contracts -€3,853
down €3,853 (-100%), from €3,853 to €0
- Profit (loss) carried forward +€38,990
up €38,990 (+2,408%), from €1,619 to €40,609
- Debts within one year +€19,292
up €19,292 (+192%), from €10,047 to €29,338
of which Tax, wage and social debts: +€10,083
- Provisions +€15,000
up €15,000 (+6.8%), from €220,000 to €235,000
- Staff costs -€13,630
down €13,630 (-6.9%), from €198,018 to €184,388
- Gross operating margin -€11,017
down €11,017 (-3.9%), from €279,012 to €267,995
- Other operating charges +€4,830
up €4,830 (+172%), from €2,810 to €7,639
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 | €231,665 | €304,947 | +€73,282 | +31.6% |
| Fixed assets | 21/28 | €79,628 | €108,732 | +€29,104 | +36.6% |
| Tangible fixed assets | 22/27 | €17,228 | €46,332 | +€29,104 | +169% |
| Furniture and vehicles | 24 | €17,228 | €46,332 | +€29,104 | +169% |
| Financial fixed assets | 28 | €62,400 | €62,400 | = | 0.0% |
| Current assets | 29/58 | €152,037 | €196,215 | +€44,177 | +29.1% |
| Stocks and contracts in progress | 3 | €3,853 | €0 | -€3,853 | -100% |
| Stocks | 30/36 | €3,853 | €0 | -€3,853 | -100% |
| Amounts receivable within one year | 40/41 | €84,093 | €92,878 | +€8,785 | +10.4% |
| Trade receivables | 40 | €48,414 | €59,546 | +€11,132 | +23.0% |
| Other amounts receivable | 41 | €35,680 | €33,333 | -€2,347 | -6.6% |
| Cash at bank and in hand | 54/58 | €64,091 | €103,337 | +€39,246 | +61.2% |
| Total equity and liabilities | 10/49 | €231,665 | €304,947 | +€73,282 | +31.6% |
| Equity | 10/15 | €1,619 | €40,609 | +€38,990 | +2,408% |
| Profit (loss) carried forward | 14 | €1,619 | €40,609 | +€38,990 | +2,408% |
| Provisions and deferred taxes | 16 | €220,000 | €235,000 | +€15,000 | +6.8% |
| Provisions for liabilities and charges | 160/5 | €220,000 | €235,000 | +€15,000 | +6.8% |
| Other liabilities and charges | 164/5 | €220,000 | €235,000 | +€15,000 | +6.8% |
| Amounts payable | 17/49 | €10,047 | €29,338 | +€19,292 | +192% |
| Amounts payable within one year | 42/48 | €10,047 | €29,338 | +€19,292 | +192% |
| Trade debts | 44 | €416 | €9,360 | +€8,943 | +2,149% |
| Suppliers | 440/4 | €416 | €9,360 | +€8,943 | +2,149% |
| Advances received on contracts in progress | 46 | €0 | €438 | +€438 | |
| Taxes, remuneration and social security | 45 | €9,458 | €19,541 | +€10,083 | +107% |
| Remuneration and social security | 454/9 | €9,458 | €19,541 | +€10,083 | +107% |
| Non-recurring operating income | 76A | €312 | €150 | -€162 | -51.9% |
| Remuneration, social security and pensions | 62 | €198,018 | €184,388 | -€13,630 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,259 | €18,044 | +€1,785 | +11.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,810 | €7,639 | +€4,830 | +172% |
| Non-recurring operating charges | 66A | €350 | €3,884 | +€3,534 | +1,010% |
| Gross operating margin | 9900 | €279,012 | €267,995 | -€11,017 | -3.9% |
| Operating profit (loss) | 9901 | €1,575 | €39,040 | +€37,464 | +2,378% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €41 | €50 | +€9 | +21.6% |
| Recurring financial charges | 65 | €41 | €50 | +€9 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €1,534 | €38,990 | +€37,456 | +2,441% |
| Profit (loss) for the period | 9904 | €1,534 | €38,990 | +€37,456 | +2,441% |
| Profit (loss) for the period to be appropriated | 9905 | €1,534 | €38,990 | +€37,456 | +2,441% |
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 20 October 2026 via checked.be.