KEIZERTRADING: 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.
KEIZERTRADING
Largest movements
- Receivables within one year -€39,308
down €39,308 (-47.8%), from €82,243 to €42,935
- Cash -€13,997
down €13,997 (-93.9%), from €14,908 to €911
mainly Debts after one year (-€34,699) and Other debts (-€33,445)
- Debts after one year -€34,699
down €34,699 (-20.8%), from €166,918 to €132,219
- Other debts -€33,445
down €33,445 (-36.7%), from €91,073 to €57,628
- Profit (loss) carried forward +€10,005
up €10,005 (+5.5%), from -€181,180 to -€171,175
- Trade debts +€3,908
up €3,908 (+78.7%), from €4,967 to €8,875
- Gross operating margin -€2,618
down €2,618 (-13.8%), from €18,926 to €16,308
- Turnover -€2,401
down €2,401 (-10.6%), from €22,641 to €20,240
- Other operating charges -€736
down €736 (-16.7%), from €4,420 to €3,684
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 | €264,095 | €208,242 | -€55,853 | -21.1% |
| Fixed assets | 21/28 | €166,349 | €163,779 | -€2,570 | -1.5% |
| Tangible fixed assets | 22/27 | €165,928 | €163,358 | -€2,570 | -1.5% |
| Land and buildings | 22 | €163,207 | €162,479 | -€728 | -0.4% |
| Plant, machinery and equipment | 23 | €846 | €504 | -€342 | -40.4% |
| Furniture and vehicles | 24 | €1,875 | €375 | -€1,500 | -80.0% |
| Financial fixed assets | 28 | €421 | €421 | = | 0.0% |
| Current assets | 29/58 | €97,746 | €44,463 | -€53,283 | -54.5% |
| Amounts receivable within one year | 40/41 | €82,243 | €42,935 | -€39,308 | -47.8% |
| Trade receivables | 40 | €82,243 | €42,935 | -€39,308 | -47.8% |
| Cash at bank and in hand | 54/58 | €14,908 | €911 | -€13,997 | -93.9% |
| Deferred charges and accrued income | 490/1 | €595 | €617 | +€22 | +3.7% |
| Total equity and liabilities | 10/49 | €264,095 | €208,242 | -€55,853 | -21.1% |
| Equity | 10/15 | -€1,686 | €8,319 | +€10,005 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €17,494 | €17,494 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,702 | €1,702 | = | 0.0% |
| Legal reserve | 130 | €1,702 | €1,702 | = | 0.0% |
| Distributable reserves | 133 | €15,792 | €15,792 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€181,180 | -€171,175 | +€10,005 | +5.5% |
| Amounts payable | 17/49 | €265,781 | €199,923 | -€65,858 | -24.8% |
| Amounts payable after more than one year | 17 | €166,918 | €132,219 | -€34,699 | -20.8% |
| Other amounts payable | 178/9 | €166,918 | €132,219 | -€34,699 | -20.8% |
| Amounts payable within one year | 42/48 | €98,863 | €67,704 | -€31,159 | -31.5% |
| Trade debts | 44 | €4,967 | €8,875 | +€3,908 | +78.7% |
| Suppliers | 440/4 | €4,967 | €8,875 | +€3,908 | +78.7% |
| Taxes, remuneration and social security | 45 | €2,823 | €1,201 | -€1,622 | -57.5% |
| Taxes | 450/3 | €2,823 | €1,201 | -€1,622 | -57.5% |
| Other amounts payable | 47/48 | €91,073 | €57,628 | -€33,445 | -36.7% |
| Turnover | 70 | €22,641 | €20,240 | -€2,401 | -10.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,715 | €3,932 | +€217 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,643 | €2,571 | -€72 | -2.7% |
| Other operating charges | 640/8 | €4,420 | €3,684 | -€736 | -16.7% |
| Gross operating margin | 9900 | €18,926 | €16,308 | -€2,618 | -13.8% |
| Operating profit (loss) | 9901 | €11,863 | €10,053 | -€1,810 | -15.3% |
| Financial charges | 65/66B | €47 | €48 | +€1 | +2.1% |
| Recurring financial charges | 65 | €47 | €48 | +€1 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €11,816 | €10,005 | -€1,811 | -15.3% |
| Profit (loss) for the period | 9904 | €11,816 | €10,005 | -€1,811 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,816 | €10,005 | -€1,811 | -15.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.