Keno Trans: what changed
Keno Trans
Largest movements
- Tangible fixed assets -€22,576
down €22,576 (-37.8%), from €59,713 to €37,137
- Receivables within one year +€8,062
up €8,062 (+26.3%), from €30,623 to €38,685
- Deferred charges and accrued income -€7,658
no longer reported in 2025 (was €7,658)
- Cash +€3,322
up €3,322 (+14.5%), from €22,917 to €26,239
mainly Depreciation (+€50,415) and Net result for the year (+€31,291)
- Other debts -€54,135
down €54,135 (-37.4%), from €144,581 to €90,446
- Profit (loss) carried forward +€31,291
up €31,291 (+166%), from €18,879 to €50,170
- Staff costs -€90,528
down €90,528 (-11.4%), from €797,351 to €706,823
- Gross operating margin -€38,021
down €38,021 (-4.4%), from €859,768 to €821,746
- Depreciation +€26,758
up €26,758 (+113%), from €23,656 to €50,415
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €213,070 | €194,219 | -€18,850 | -8.8% |
| Fixed assets | 21/28 | €151,872 | €129,296 | -€22,576 | -14.9% |
| Tangible fixed assets | 22/27 | €59,713 | €37,137 | -€22,576 | -37.8% |
| Furniture and vehicles | 24 | €59,713 | €37,137 | -€22,576 | -37.8% |
| Financial fixed assets | 28 | €92,159 | €92,159 | = | 0.0% |
| Current assets | 29/58 | €61,198 | €64,924 | +€3,726 | +6.1% |
| Amounts receivable within one year | 40/41 | €30,623 | €38,685 | +€8,062 | +26.3% |
| Trade receivables | 40 | €30,623 | €38,685 | +€8,062 | +26.3% |
| Cash at bank and in hand | 54/58 | €22,917 | €26,239 | +€3,322 | +14.5% |
| Deferred charges and accrued income | 490/1 | €7,658 | - | -€7,658 | |
| Total equity and liabilities | 10/49 | €213,070 | €194,219 | -€18,850 | -8.8% |
| Equity | 10/15 | €33,139 | €64,430 | +€31,291 | +94.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,879 | €50,170 | +€31,291 | +166% |
| Amounts payable | 17/49 | €179,931 | €129,790 | -€50,141 | -27.9% |
| Amounts payable within one year | 42/48 | €179,931 | €129,790 | -€50,141 | -27.9% |
| Trade debts | 44 | €5,589 | €7,669 | +€2,081 | +37.2% |
| Suppliers | 440/4 | €5,589 | €7,669 | +€2,081 | +37.2% |
| Taxes, remuneration and social security | 45 | €29,761 | €31,674 | +€1,913 | +6.4% |
| Taxes | 450/3 | €29,761 | €31,674 | +€1,913 | +6.4% |
| Other amounts payable | 47/48 | €144,581 | €90,446 | -€54,135 | -37.4% |
| Remuneration, social security and pensions | 62 | €797,351 | €706,823 | -€90,528 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,656 | €50,415 | +€26,758 | +113% |
| Other operating charges | 640/8 | €11,068 | €14,832 | +€3,764 | +34.0% |
| Gross operating margin | 9900 | €859,768 | €821,746 | -€38,021 | -4.4% |
| Operating profit (loss) | 9901 | €27,692 | €49,677 | +€21,984 | +79.4% |
| Financial charges | 65/66B | €10,340 | €5,946 | -€4,394 | -42.5% |
| Recurring financial charges | 65 | €10,340 | €5,946 | -€4,394 | -42.5% |
| Profit (loss) for the period before taxes | 9903 | €17,352 | €43,731 | +€26,379 | +152% |
| Income taxes | 67/77 | €4,388 | €12,440 | +€8,052 | +183% |
| Profit (loss) for the period | 9904 | €12,964 | €31,291 | +€18,327 | +141% |
| Profit (loss) for the period to be appropriated | 9905 | €12,964 | €31,291 | +€18,327 | +141% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.