KEISKANT: 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.
KEISKANT
Largest movements
- Tangible fixed assets -€1,964
down €1,964 (-50.5%), from €3,888 to €1,924
- Cash -€1,508
down €1,508 (-33.6%), from €4,489 to €2,981
mainly Net result for the year (-€3,055) and Trade debts (-€417)
- Profit (loss) carried forward -€3,055
down €3,055 (-19.5%), from -€15,653 to -€18,709
- Trade debts -€417
down €417 (-25.6%), from €1,627 to €1,210
- Gross operating margin -€3,041
down €3,041, from €2,718 to -€323
- Staff costs -€320
down €320 (-100.0%), from €320 to €0
- Financial income -€273
down €273 (-100.0%), from €273 to €0
- Financial charges -€138
down €138 (-49.6%), from €278 to €140
- Other operating charges -€37
down €37 (-5.5%), from €665 to €628
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 | €10,578 | €7,107 | -€3,472 | -32.8% |
| Fixed assets | 21/28 | €3,888 | €1,924 | -€1,964 | -50.5% |
| Tangible fixed assets | 22/27 | €3,888 | €1,924 | -€1,964 | -50.5% |
| Plant, machinery and equipment | 23 | €3,888 | €1,924 | -€1,964 | -50.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €6,691 | €5,183 | -€1,508 | -22.5% |
| Amounts receivable within one year | 40/41 | €2,202 | €2,202 | = | 0.0% |
| Trade receivables | 40 | €1,630 | €1,630 | = | 0.0% |
| Other amounts receivable | 41 | €572 | €572 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,489 | €2,981 | -€1,508 | -33.6% |
| Total equity and liabilities | 10/49 | €10,578 | €7,107 | -€3,472 | -32.8% |
| Equity | 10/15 | €4,347 | €1,291 | -€3,055 | -70.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,653 | -€18,709 | -€3,055 | -19.5% |
| Amounts payable | 17/49 | €6,232 | €5,815 | -€417 | -6.7% |
| Amounts payable within one year | 42/48 | €6,232 | €5,815 | -€417 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,627 | €1,210 | -€417 | -25.6% |
| Suppliers | 440/4 | €1,627 | €1,210 | -€417 | -25.6% |
| Taxes, remuneration and social security | 45 | €0 | €0 | -€0 | -100.0% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | €0 | -€0 | -100.0% |
| Other amounts payable | 47/48 | €4,605 | €4,605 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €320 | €0 | -€320 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,964 | €1,964 | = | 0.0% |
| Other operating charges | 640/8 | €665 | €628 | -€37 | -5.5% |
| Non-recurring operating charges | 66A | €2,509 | €0 | -€2,509 | -100.0% |
| Gross operating margin | 9900 | €2,718 | -€323 | -€3,041 | |
| Operating profit (loss) | 9901 | -€2,740 | -€2,915 | -€175 | -6.4% |
| Financial income | 75/76B | €273 | €0 | -€273 | -100.0% |
| Recurring financial income | 75 | €273 | €0 | -€273 | -100.0% |
| Financial charges | 65/66B | €278 | €140 | -€138 | -49.6% |
| Recurring financial charges | 65 | €278 | €140 | -€138 | -49.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,745 | -€3,055 | -€310 | -11.3% |
| Profit (loss) for the period | 9904 | -€2,745 | -€3,055 | -€310 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,745 | -€3,055 | -€310 | -11.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.