KEIZERSHOEK: 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.
KEIZERSHOEK
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Reserves +€18,456
up €18,456 (+15.3%), from €120,320 to €138,776
of which Distributable reserves: +€18,456
- Profit (loss) carried forward -€18,051
down €18,051 (-100%), from €18,051 to €0
- Gross operating margin -€1,628
down €1,628 (-56.3%), from €2,890 to €1,262
- Other operating charges -€482
down €482 (-40.4%), from €1,195 to €713
- Taxes -€345
down €345 (-71.0%), from €486 to €141
- Financial charges +€72
up €72 (+44.4%), from €162 to €235
- Financial income -€47
down €47 (-17.0%), from €278 to €231
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 | €217,352 | €218,175 | +€823 | +0.4% |
| Fixed assets | 21/28 | €13,978 | €13,978 | = | 0.0% |
| Tangible fixed assets | 22/27 | €13,978 | €13,978 | = | 0.0% |
| Land and buildings | 22 | €13,978 | €13,978 | = | 0.0% |
| Current assets | 29/58 | €203,374 | €204,197 | +€823 | +0.4% |
| Amounts receivable within one year | 40/41 | €98,627 | €98,821 | +€194 | +0.2% |
| Trade receivables | 40 | - | €194 | +€194 | |
| Other amounts receivable | 41 | €98,627 | €98,627 | = | 0.0% |
| Current investments | 50/53 | €43,017 | €43,178 | +€161 | +0.4% |
| Cash at bank and in hand | 54/58 | €61,380 | €61,807 | +€427 | +0.7% |
| Deferred charges and accrued income | 490/1 | €349 | €391 | +€42 | +11.9% |
| Total equity and liabilities | 10/49 | €217,352 | €218,175 | +€823 | +0.4% |
| Equity | 10/15 | €200,871 | €201,276 | +€405 | +0.2% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €120,320 | €138,776 | +€18,456 | +15.3% |
| Non-distributable reserves | 130/1 | €45,117 | €45,117 | = | 0.0% |
| Legal reserve | 130 | €45,117 | €45,117 | = | 0.0% |
| Distributable reserves | 133 | €75,204 | €93,660 | +€18,456 | +24.5% |
| Profit (loss) carried forward | 14 | €18,051 | €0 | -€18,051 | -100% |
| Amounts payable | 17/49 | €16,481 | €16,899 | +€418 | +2.5% |
| Amounts payable within one year | 42/48 | €16,481 | €16,899 | +€418 | +2.5% |
| Trade debts | 44 | €272 | €619 | +€347 | +127% |
| Suppliers | 440/4 | €272 | €619 | +€347 | +127% |
| Taxes, remuneration and social security | 45 | €403 | €474 | +€72 | +17.8% |
| Taxes | 450/3 | €403 | €474 | +€72 | +17.8% |
| Other amounts payable | 47/48 | €15,806 | €15,806 | = | 0.0% |
| Other operating charges | 640/8 | €1,195 | €713 | -€482 | -40.4% |
| Gross operating margin | 9900 | €2,890 | €1,262 | -€1,628 | -56.3% |
| Operating profit (loss) | 9901 | €1,695 | €549 | -€1,146 | -67.6% |
| Financial income | 75/76B | €278 | €231 | -€47 | -17.0% |
| Recurring financial income | 75 | €278 | €231 | -€47 | -17.0% |
| Financial charges | 65/66B | €162 | €235 | +€72 | +44.4% |
| Recurring financial charges | 65 | €162 | €235 | +€72 | +44.4% |
| Profit (loss) for the period before taxes | 9903 | €1,811 | €546 | -€1,265 | -69.9% |
| Income taxes | 67/77 | €486 | €141 | -€345 | -71.0% |
| Profit (loss) for the period | 9904 | €1,325 | €405 | -€920 | -69.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,325 | €405 | -€920 | -69.4% |
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 22 October 2026 via checked.be.