KEIZER VASTGOED: 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.
KEIZER VASTGOED
Largest movements
- Financial fixed assets +€1.4m
up €1.4m (+4.0%), from €35.7m to €37.2m
- Other debts +€1.7m
new in 2025: €1.7m
- Profit (loss) carried forward -€459,554
down €459,554 (-87.1%), from €527,746 to €68,192
- Financial income +€81,186
up €81,186 (+5.3%), from €1.5m to €1.6m
- Gross operating margin -€46,798
down €46,798 (-21.1%), from €221,646 to €174,848
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,594,676 | €38,855,808 | +€1.3m | +3.4% |
| Fixed assets | 21/28 | €35,747,679 | €37,169,181 | +€1.4m | +4.0% |
| Financial fixed assets | 28 | €35,747,679 | €37,169,181 | +€1.4m | +4.0% |
| Current assets | 29/58 | €1,846,996 | €1,686,626 | -€160,370 | -8.7% |
| Stocks and contracts in progress | 3 | €1,817,557 | €1,659,034 | -€158,523 | -8.7% |
| Stocks | 30/36 | €1,817,557 | €1,659,034 | -€158,523 | -8.7% |
| Amounts receivable within one year | 40/41 | €29,439 | €27,592 | -€1,847 | -6.3% |
| Trade receivables | 40 | €29,130 | €27,592 | -€1,538 | -5.3% |
| Other amounts receivable | 41 | €309 | - | -€309 | |
| Total equity and liabilities | 10/49 | €37,594,676 | €38,855,808 | +€1.3m | +3.4% |
| Equity | 10/15 | €37,062,465 | €36,668,197 | -€394,268 | -1.1% |
| Contributions | 10/11 | €36,000,883 | €36,000,883 | = | 0.0% |
| Capital | 10 | €36,000,883 | €36,000,883 | = | 0.0% |
| Issued capital | 100 | €36,000,883 | €36,000,883 | = | 0.0% |
| Reserves | 13 | €533,836 | €599,122 | +€65,287 | +12.2% |
| Non-distributable reserves | 130/1 | €533,836 | €599,122 | +€65,287 | +12.2% |
| Legal reserve | 130 | €533,836 | €599,122 | +€65,287 | +12.2% |
| Profit (loss) carried forward | 14 | €527,746 | €68,192 | -€459,554 | -87.1% |
| Amounts payable | 17/49 | €532,211 | €2,187,611 | +€1.7m | +311% |
| Amounts payable within one year | 42/48 | €532,211 | €2,187,611 | +€1.7m | +311% |
| Trade debts | 44 | €3,264 | €3,204 | -€60 | -1.8% |
| Suppliers | 440/4 | €3,264 | €3,204 | -€60 | -1.8% |
| Advances received on contracts in progress | 46 | €52,957 | €9,089 | -€43,869 | -82.8% |
| Taxes, remuneration and social security | 45 | €475,990 | €475,318 | -€672 | -0.1% |
| Taxes | 450/3 | €475,990 | €475,318 | -€672 | -0.1% |
| Other amounts payable | 47/48 | - | €1,700,000 | +€1.7m | |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | €221,646 | €174,848 | -€46,798 | -21.1% |
| Operating profit (loss) | 9901 | €220,553 | €173,722 | -€46,831 | -21.2% |
| Financial income | 75/76B | €1,526,619 | €1,607,804 | +€81,186 | +5.3% |
| Recurring financial income | 75 | €1,526,619 | €1,607,804 | +€81,186 | +5.3% |
| Financial charges | 65/66B | €420 | €476 | +€56 | +13.4% |
| Recurring financial charges | 65 | €420 | €476 | +€56 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €1,746,751 | €1,781,050 | +€34,299 | +2.0% |
| Income taxes | 67/77 | €475,990 | €475,318 | -€672 | -0.1% |
| Profit (loss) for the period | 9904 | €1,270,761 | €1,305,732 | +€34,971 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,270,761 | €1,305,732 | +€34,971 | +2.8% |
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.