Keisershoes: 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.
Keisershoes
Largest movements
- Receivables within one year -€22,205
down €22,205 (-97.6%), from €22,757 to €551
of which Trade receivables: -€18,239
- Stocks and contracts +€13,827
up €13,827 (+6.3%), from €220,623 to €234,450
- Tangible fixed assets +€13,315
up €13,315 (+1,564%), from €851 to €14,166
of which Furniture and vehicles: +€13,603
- Cash +€3,230
up €3,230 (+274%), from €1,181 to €4,411
mainly Net result for the year (+€32,682) and Receivables within one year (+€22,205)
- Profit (loss) carried forward +€21,682
up €21,682 (+51.7%), from €41,969 to €63,651
- Other debts -€19,667
down €19,667 (-46.4%), from €42,379 to €22,712
- Debts after one year +€10,000
up €10,000 (+17.2%), from €58,308 to €68,308
of which Financial debts: +€68,308
- Short-term financial debts -€8,151
down €8,151 (-19.8%), from €41,261 to €33,111
- Tax, wage and social debts +€3,769
up €3,769 (+20.5%), from €18,379 to €22,148
of which Taxes: +€3,263
- Staff costs -€8,695
down €8,695 (-35.6%), from €24,396 to €15,701
- Gross operating margin +€4,390
up €4,390 (+7.6%), from €58,063 to €62,452
- Depreciation +€1,644
up €1,644 (+323%), from €509 to €2,153
- Financial income +€739
up €739 (+327%), from €226 to €965
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 | €245,412 | €254,038 | +€8,626 | +3.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €851 | €14,166 | +€13,315 | +1,564% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €851 | €14,166 | +€13,315 | +1,564% |
| Plant, machinery and equipment | 23 | €179 | €0 | -€179 | -100% |
| Furniture and vehicles | 24 | - | €13,603 | +€13,603 | |
| Other tangible fixed assets | 26 | €672 | €563 | -€109 | -16.2% |
| Current assets | 29/58 | €244,561 | €239,871 | -€4,689 | -1.9% |
| Stocks and contracts in progress | 3 | €220,623 | €234,450 | +€13,827 | +6.3% |
| Stocks | 30/36 | €220,623 | €234,450 | +€13,827 | +6.3% |
| Amounts receivable within one year | 40/41 | €22,757 | €551 | -€22,205 | -97.6% |
| Trade receivables | 40 | €18,239 | - | -€18,239 | |
| Other amounts receivable | 41 | €4,518 | €551 | -€3,967 | -87.8% |
| Cash at bank and in hand | 54/58 | €1,181 | €4,411 | +€3,230 | +274% |
| Deferred charges and accrued income | 490/1 | - | €459 | +€459 | |
| Total equity and liabilities | 10/49 | €245,412 | €254,038 | +€8,626 | +3.5% |
| Equity | 10/15 | €42,469 | €64,151 | +€21,682 | +51.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,969 | €63,651 | +€21,682 | +51.7% |
| Amounts payable | 17/49 | €202,943 | €189,887 | -€13,056 | -6.4% |
| Amounts payable after more than one year | 17 | €58,308 | €68,308 | +€10,000 | +17.2% |
| Financial debts | 170/4 | - | €68,308 | +€68,308 | |
| Other amounts payable | 178/9 | €58,308 | - | -€58,308 | |
| Amounts payable within one year | 42/48 | €143,235 | €121,579 | -€21,656 | -15.1% |
| Financial debts | 43 | €41,261 | €33,111 | -€8,151 | -19.8% |
| Credit institutions | 430/8 | €41,261 | €33,111 | -€8,151 | -19.8% |
| Trade debts | 44 | €41,216 | €43,608 | +€2,392 | +5.8% |
| Suppliers | 440/4 | €41,216 | €43,608 | +€2,392 | +5.8% |
| Taxes, remuneration and social security | 45 | €18,379 | €22,148 | +€3,769 | +20.5% |
| Taxes | 450/3 | €9,908 | €13,171 | +€3,263 | +32.9% |
| Remuneration and social security | 454/9 | €8,471 | €8,977 | +€506 | +6.0% |
| Other amounts payable | 47/48 | €42,379 | €22,712 | -€19,667 | -46.4% |
| Accrued charges and deferred income | 492/3 | €1,400 | - | -€1,400 | |
| Remuneration, social security and pensions | 62 | €24,396 | €15,701 | -€8,695 | -35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €509 | €2,153 | +€1,644 | +323% |
| Other operating charges | 640/8 | €1,039 | €1,621 | +€582 | +56.0% |
| Gross operating margin | 9900 | €58,063 | €62,452 | +€4,390 | +7.6% |
| Operating profit (loss) | 9901 | €32,119 | €42,978 | +€10,859 | +33.8% |
| Financial income | 75/76B | €226 | €965 | +€739 | +327% |
| Recurring financial income | 75 | €226 | €965 | +€739 | +327% |
| Financial charges | 65/66B | €4,786 | €5,120 | +€334 | +7.0% |
| Recurring financial charges | 65 | €4,786 | €5,120 | +€334 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €27,559 | €38,823 | +€11,264 | +40.9% |
| Income taxes | 67/77 | €6,008 | €6,141 | +€133 | +2.2% |
| Profit (loss) for the period | 9904 | €21,551 | €32,682 | +€11,131 | +51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,551 | €32,682 | +€11,131 | +51.6% |
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 16 October 2026 via checked.be.