Keizerpoort RE Development: 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.
Keizerpoort RE Development
Largest movements
- Stocks and contracts -€1.5m
down €1.5m (-37.3%), from €4.1m to €2.6m
- Receivables within one year -€1.2m
down €1.2m (-53.5%), from €2.3m to €1.1m
of which Trade receivables: -€2.2m
- Other debts -€2.2m
no longer reported in 2025 (was €2.2m)
- Trade debts -€589,758
down €589,758 (-13.5%), from €4.4m to €3.8m
- Accrued charges and deferred income -€233,989
down €233,989 (-78.3%), from €298,692 to €64,703
- Tax, wage and social debts +€216,847
new in 2025: €216,847
- Turnover -€4.3m
no longer reported in 2025 (was €4.3m)
- Purchases and services -€2.6m
no longer reported in 2025 (was €2.6m)
- Gross operating margin +€369,191
up €369,191, from -€310,326 to €58,865
- Financial charges -€182,983
down €182,983 (-87.3%), from €209,675 to €26,692
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 | €6,468,530 | €3,657,251 | -€2.8m | -43.5% |
| Current assets | 29/58 | €6,468,530 | €3,657,251 | -€2.8m | -43.5% |
| Stocks and contracts in progress | 3 | €4,115,902 | €2,581,778 | -€1.5m | -37.3% |
| Contracts in progress | 37 | €4,115,902 | €2,581,778 | -€1.5m | -37.3% |
| Amounts receivable within one year | 40/41 | €2,294,044 | €1,067,270 | -€1.2m | -53.5% |
| Trade receivables | 40 | €2,292,044 | €63,555 | -€2.2m | -97.2% |
| Other amounts receivable | 41 | €2,000 | €1,003,715 | +€1.0m | +50,086% |
| Cash at bank and in hand | 54/58 | €57,633 | €7,252 | -€50,382 | -87.4% |
| Deferred charges and accrued income | 490/1 | €952 | €952 | = | 0.0% |
| Total equity and liabilities | 10/49 | €6,468,530 | €3,657,251 | -€2.8m | -43.5% |
| Equity | 10/15 | -€388,301 | -€388,026 | +€275 | +0.1% |
| Contributions | 10/11 | €1,010,000 | €1,010,000 | = | 0.0% |
| Capital | 10 | €1,010,000 | €1,010,000 | = | 0.0% |
| Issued capital | 100 | €1,010,000 | €1,010,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,398,301 | -€1,398,026 | +€275 | 0.0% |
| Amounts payable | 17/49 | €6,856,831 | €4,045,278 | -€2.8m | -41.0% |
| Amounts payable within one year | 42/48 | €6,558,139 | €3,980,575 | -€2.6m | -39.3% |
| Trade debts | 44 | €4,353,485 | €3,763,728 | -€589,758 | -13.5% |
| Suppliers | 440/4 | €4,353,485 | €3,763,728 | -€589,758 | -13.5% |
| Taxes, remuneration and social security | 45 | - | €216,847 | +€216,847 | |
| Taxes | 450/3 | - | €216,847 | +€216,847 | |
| Other amounts payable | 47/48 | €2,204,654 | - | -€2.2m | |
| Accrued charges and deferred income | 492/3 | €298,692 | €64,703 | -€233,989 | -78.3% |
| Turnover | 70 | €4,324,601 | - | -€4.3m | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,573,481 | - | -€2.6m | |
| Other operating charges | 640/8 | €1,279 | €34,585 | +€33,306 | +2,605% |
| Gross operating margin | 9900 | -€310,326 | €58,865 | +€369,191 | |
| Operating profit (loss) | 9901 | -€311,604 | €24,280 | +€335,885 | |
| Financial income | 75/76B | €4,850 | €1,235 | -€3,615 | -74.5% |
| Recurring financial income | 75 | €4,850 | €1,235 | -€3,615 | -74.5% |
| Financial charges | 65/66B | €209,675 | €26,692 | -€182,983 | -87.3% |
| Recurring financial charges | 65 | €209,675 | €26,692 | -€182,983 | -87.3% |
| Profit (loss) for the period before taxes | 9903 | -€516,429 | -€1,176 | +€515,253 | +99.8% |
| Income taxes | 67/77 | €1,455 | -€1,451 | -€2,906 | |
| Profit (loss) for the period | 9904 | -€517,884 | €275 | +€518,159 | |
| Profit (loss) for the period to be appropriated | 9905 | -€517,884 | €275 | +€518,159 |
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.