KEIRSBILCK: 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.
KEIRSBILCK
Largest movements
- Tangible fixed assets -€20,455
down €20,455 (-4.6%), from €448,754 to €428,299
of which Furniture and vehicles: -€10,673
- Other debts -€23,029
down €23,029 (-7.0%), from €327,178 to €304,149
- Depreciation +€10,440
up €10,440 (+104.2%), from €10,015 to €20,455
- Other operating charges +€6,754
up €6,754 (+419.0%), from €1,612 to €8,366
- Financial charges -€4,730
down €4,730 (-27.3%), from €17,296 to €12,566
- Gross operating margin -€3,921
down €3,921 (-7.3%), from €53,705 to €49,784
- Taxes -€3,783
down €3,783 (-46.6%), from €8,126 to €4,343
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 | €646,604 | €624,688 | -€21,916 | -3.4% |
| Fixed assets | 21/28 | €632,889 | €612,434 | -€20,455 | -3.2% |
| Tangible fixed assets | 22/27 | €448,754 | €428,299 | -€20,455 | -4.6% |
| Land and buildings | 22 | €363,602 | €353,820 | -€9,781 | -2.7% |
| Furniture and vehicles | 24 | €85,152 | €74,479 | -€10,673 | -12.5% |
| Financial fixed assets | 28 | €184,135 | €184,135 | = | 0.0% |
| Current assets | 29/58 | €13,715 | €12,254 | -€1,461 | -10.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €7,020 | €7,608 | +€588 | +8.4% |
| Trade receivables | 40 | - | €88 | +€88 | |
| Other amounts receivable | 41 | €7,020 | €7,520 | +€500 | +7.1% |
| Cash at bank and in hand | 54/58 | €4,235 | €2,156 | -€2,078 | -49.1% |
| Deferred charges and accrued income | 490/1 | €2,461 | €2,490 | +€29 | +1.2% |
| Total equity and liabilities | 10/49 | €646,604 | €624,688 | -€21,916 | -3.4% |
| Equity | 10/15 | €204,680 | €208,734 | +€4,055 | +2.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €53,075 | €57,130 | +€4,055 | +7.6% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €46,878 | €50,932 | +€4,055 | +8.6% |
| Profit (loss) carried forward | 14 | €89,631 | €89,631 | = | 0.0% |
| Amounts payable | 17/49 | €441,924 | €415,954 | -€25,970 | -5.9% |
| Amounts payable after more than one year | 17 | €71,175 | €66,997 | -€4,179 | -5.9% |
| Financial debts | 170/4 | €71,175 | €66,997 | -€4,179 | -5.9% |
| Amounts payable within one year | 42/48 | €361,062 | €337,963 | -€23,099 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €4,448 | €4,524 | +€76 | +1.7% |
| Trade debts | 44 | €27,596 | €28,073 | +€477 | +1.7% |
| Suppliers | 440/4 | €27,596 | €28,073 | +€477 | +1.7% |
| Taxes, remuneration and social security | 45 | €1,840 | €1,218 | -€622 | -33.8% |
| Taxes | 450/3 | €1,840 | €1,218 | -€622 | -33.8% |
| Other amounts payable | 47/48 | €327,178 | €304,149 | -€23,029 | -7.0% |
| Accrued charges and deferred income | 492/3 | €9,687 | €10,994 | +€1,307 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,015 | €20,455 | +€10,440 | +104.2% |
| Other operating charges | 640/8 | €1,612 | €8,366 | +€6,754 | +419.0% |
| Gross operating margin | 9900 | €53,705 | €49,784 | -€3,921 | -7.3% |
| Operating profit (loss) | 9901 | €42,078 | €20,963 | -€21,115 | -50.2% |
| Financial charges | 65/66B | €17,296 | €12,566 | -€4,730 | -27.3% |
| Recurring financial charges | 65 | €17,296 | €12,566 | -€4,730 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €24,782 | €8,398 | -€16,385 | -66.1% |
| Income taxes | 67/77 | €8,126 | €4,343 | -€3,783 | -46.6% |
| Profit (loss) for the period | 9904 | €16,656 | €4,055 | -€12,602 | -75.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,656 | €4,055 | -€12,602 | -75.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.