Kejo Burcht: 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.
Kejo Burcht
Largest movements
- Cash +€20,133
up €20,133 (+20.0%), from €100,447 to €120,580
mainly Net result for the year (+€8,091) and Depreciation (+€5,628)
- Tangible fixed assets -€5,628
down €5,628 (-5.7%), from €98,184 to €92,556
of which Land and buildings: -€5,364
- Reserves +€8,080
up €8,080 (+4.0%), from €200,579 to €208,659
- Tax, wage and social debts +€4,270
new in 2025: €4,270
- Financial income -€1,739
down €1,739 (-64.2%), from €2,708 to €969
- Gross operating margin -€658
down €658 (-3.3%), from €19,760 to €19,102
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 | €200,684 | €213,695 | +€13,011 | +6.5% |
| Fixed assets | 21/28 | €98,184 | €92,556 | -€5,628 | -5.7% |
| Tangible fixed assets | 22/27 | €98,184 | €92,556 | -€5,628 | -5.7% |
| Land and buildings | 22 | €95,767 | €90,403 | -€5,364 | -5.6% |
| Plant, machinery and equipment | 23 | €2,417 | €2,153 | -€264 | -10.9% |
| Current assets | 29/58 | €102,500 | €121,139 | +€18,639 | +18.2% |
| Amounts receivable within one year | 40/41 | €440 | - | -€440 | |
| Other amounts receivable | 41 | €440 | - | -€440 | |
| Cash at bank and in hand | 54/58 | €100,447 | €120,580 | +€20,133 | +20.0% |
| Deferred charges and accrued income | 490/1 | €1,613 | €559 | -€1,054 | -65.3% |
| Total equity and liabilities | 10/49 | €200,684 | €213,695 | +€13,011 | +6.5% |
| Equity | 10/15 | €200,684 | €208,775 | +€8,091 | +4.0% |
| Reserves | 13 | €200,579 | €208,659 | +€8,080 | +4.0% |
| Distributable reserves | 133 | €200,579 | €208,659 | +€8,080 | +4.0% |
| Profit (loss) carried forward | 14 | €105 | €116 | +€11 | +10.5% |
| Amounts payable | 17/49 | - | €4,920 | +€4,920 | |
| Amounts payable within one year | 42/48 | - | €4,270 | +€4,270 | |
| Taxes, remuneration and social security | 45 | - | €4,270 | +€4,270 | |
| Taxes | 450/3 | - | €4,270 | +€4,270 | |
| Accrued charges and deferred income | 492/3 | - | €650 | +€650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,587 | €5,628 | +€41 | +0.7% |
| Other operating charges | 640/8 | €1,338 | €1,349 | +€11 | +0.8% |
| Gross operating margin | 9900 | €19,760 | €19,102 | -€658 | -3.3% |
| Operating profit (loss) | 9901 | €12,835 | €12,125 | -€710 | -5.5% |
| Financial income | 75/76B | €2,708 | €969 | -€1,739 | -64.2% |
| Recurring financial income | 75 | €2,708 | €969 | -€1,739 | -64.2% |
| Financial charges | 65/66B | €111 | €123 | +€12 | +10.8% |
| Recurring financial charges | 65 | €111 | €123 | +€12 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €15,432 | €12,971 | -€2,461 | -15.9% |
| Income taxes | 67/77 | €4,908 | €4,880 | -€28 | -0.6% |
| Profit (loss) for the period | 9904 | €10,524 | €8,091 | -€2,433 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,524 | €8,091 | -€2,433 | -23.1% |
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 14 October 2026 via checked.be.