Keizers Kroon: 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.
Keizers Kroon
Largest movements
- Cash -€11,325
down €11,325 (-2.0%), from €558,361 to €547,037
mainly Debts after one year (-€26,572) and Net result for the year (-€20,027)
- Tangible fixed assets -€9,161
down €9,161 (-11.1%), from €82,805 to €73,644
of which Plant, machinery and equipment: -€5,923
- Trade debts +€36,324
up €36,324 (+96.8%), from €37,525 to €73,850
- Debts after one year -€26,572
down €26,572 (-22.6%), from €117,561 to €90,989
- Reserves -€20,027
down €20,027 (-8.5%), from €234,587 to €214,560
- Staff costs +€72,458
up €72,458 (+24.1%), from €301,156 to €373,614
- Gross operating margin -€60,075
down €60,075 (-13.4%), from €449,403 to €389,328
- Taxes -€31,404
down €31,404 (-98.5%), from €31,880 to €476
- Depreciation -€5,406
down €5,406 (-26.1%), from €20,702 to €15,296
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 | €671,041 | €650,859 | -€20,182 | -3.0% |
| Fixed assets | 21/28 | €82,805 | €73,644 | -€9,161 | -11.1% |
| Tangible fixed assets | 22/27 | €82,805 | €73,644 | -€9,161 | -11.1% |
| Land and buildings | 22 | €16,432 | €14,097 | -€2,335 | -14.2% |
| Plant, machinery and equipment | 23 | €65,230 | €59,307 | -€5,923 | -9.1% |
| Furniture and vehicles | 24 | €1,143 | €239 | -€904 | -79.1% |
| Current assets | 29/58 | €588,236 | €577,215 | -€11,021 | -1.9% |
| Stocks and contracts in progress | 3 | €13,369 | €9,173 | -€4,196 | -31.4% |
| Stocks | 30/36 | €13,369 | €9,173 | -€4,196 | -31.4% |
| Amounts receivable within one year | 40/41 | €2,900 | €2,873 | -€26 | -0.9% |
| Other amounts receivable | 41 | €2,900 | €2,873 | -€26 | -0.9% |
| Cash at bank and in hand | 54/58 | €558,361 | €547,037 | -€11,325 | -2.0% |
| Deferred charges and accrued income | 490/1 | €13,606 | €18,132 | +€4,526 | +33.3% |
| Total equity and liabilities | 10/49 | €671,041 | €650,859 | -€20,182 | -3.0% |
| Equity | 10/15 | €384,587 | €364,560 | -€20,027 | -5.2% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €234,587 | €214,560 | -€20,027 | -8.5% |
| Distributable reserves | 133 | €234,587 | €214,560 | -€20,027 | -8.5% |
| Amounts payable | 17/49 | €286,454 | €286,299 | -€155 | -0.1% |
| Amounts payable after more than one year | 17 | €117,561 | €90,989 | -€26,572 | -22.6% |
| Financial debts | 170/4 | €117,561 | €90,989 | -€26,572 | -22.6% |
| Amounts payable within one year | 42/48 | €168,893 | €195,310 | +€26,417 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €25,600 | €26,572 | +€972 | +3.8% |
| Trade debts | 44 | €37,525 | €73,850 | +€36,324 | +96.8% |
| Suppliers | 440/4 | €37,525 | €73,850 | +€36,324 | +96.8% |
| Advances received on contracts in progress | 46 | €16,361 | €14,838 | -€1,523 | -9.3% |
| Taxes, remuneration and social security | 45 | €73,897 | €68,490 | -€5,406 | -7.3% |
| Taxes | 450/3 | €30,150 | €13,729 | -€16,421 | -54.5% |
| Remuneration and social security | 454/9 | €43,747 | €54,761 | +€11,015 | +25.2% |
| Other amounts payable | 47/48 | €15,511 | €11,560 | -€3,951 | -25.5% |
| Remuneration, social security and pensions | 62 | €301,156 | €373,614 | +€72,458 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,702 | €15,296 | -€5,406 | -26.1% |
| Other operating charges | 640/8 | €13,628 | €15,314 | +€1,686 | +12.4% |
| Gross operating margin | 9900 | €449,403 | €389,328 | -€60,075 | -13.4% |
| Operating profit (loss) | 9901 | €113,917 | -€14,896 | -€128,814 | |
| Financial income | 75/76B | €1,658 | €680 | -€978 | -59.0% |
| Recurring financial income | 75 | €1,658 | €680 | -€978 | -59.0% |
| Financial charges | 65/66B | €6,323 | €5,334 | -€989 | -15.6% |
| Recurring financial charges | 65 | €6,323 | €5,334 | -€989 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €109,252 | -€19,551 | -€128,803 | |
| Income taxes | 67/77 | €31,880 | €476 | -€31,404 | -98.5% |
| Profit (loss) for the period | 9904 | €77,372 | -€20,027 | -€97,399 | |
| Profit (loss) for the period to be appropriated | 9905 | €77,372 | -€20,027 | -€97,399 |
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 11 October 2026 via checked.be.