KEO CONSULTING: 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.
KEO CONSULTING
Largest movements
- Tangible fixed assets -€38,955
down €38,955 (-8.5%), from €457,881 to €418,926
of which Land and buildings: -€27,505
- Cash -€7,078
down €7,078 (-70.0%), from €10,105 to €3,027
mainly Debts after one year (-€46,777) and Tax, wage and social debts (-€35,244)
- Debts after one year -€46,777
down €46,777 (-14.1%), from €331,593 to €284,816
- Reserves +€42,550
up €42,550 (+42.7%), from €99,610 to €142,160
- Tax, wage and social debts -€35,244
down €35,244 (-72.9%), from €48,364 to €13,120
- Gross operating margin -€9,855
down €9,855 (-7.2%), from €136,437 to €126,582
- Financial charges -€3,940
down €3,940 (-23.4%), from €16,856 to €12,916
- Taxes -€2,825
down €2,825 (-13.1%), from €21,518 to €18,693
- Other operating charges -€1,849
down €1,849 (-26.3%), from €7,025 to €5,176
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 | €677,915 | €635,189 | -€42,726 | -6.3% |
| Fixed assets | 21/28 | €457,881 | €418,926 | -€38,955 | -8.5% |
| Tangible fixed assets | 22/27 | €457,881 | €418,926 | -€38,955 | -8.5% |
| Land and buildings | 22 | €425,836 | €398,331 | -€27,505 | -6.5% |
| Furniture and vehicles | 24 | €32,045 | €20,595 | -€11,450 | -35.7% |
| Current assets | 29/58 | €220,034 | €216,263 | -€3,771 | -1.7% |
| Amounts receivable after more than one year | 29 | €165,000 | €165,000 | = | 0.0% |
| Other amounts receivable | 291 | €165,000 | €165,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €42,658 | €46,638 | +€3,980 | +9.3% |
| Trade receivables | 40 | €38,748 | €35,299 | -€3,449 | -8.9% |
| Other amounts receivable | 41 | €3,910 | €11,339 | +€7,429 | +190% |
| Cash at bank and in hand | 54/58 | €10,105 | €3,027 | -€7,078 | -70.0% |
| Deferred charges and accrued income | 490/1 | €2,271 | €1,598 | -€673 | -29.6% |
| Total equity and liabilities | 10/49 | €677,915 | €635,189 | -€42,726 | -6.3% |
| Equity | 10/15 | €242,627 | €285,212 | +€42,585 | +17.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €99,610 | €142,160 | +€42,550 | +42.7% |
| Distributable reserves | 133 | €99,610 | €142,160 | +€42,550 | +42.7% |
| Profit (loss) carried forward | 14 | €130,617 | €130,652 | +€35 | 0.0% |
| Amounts payable | 17/49 | €435,288 | €349,977 | -€85,311 | -19.6% |
| Amounts payable after more than one year | 17 | €331,593 | €284,816 | -€46,777 | -14.1% |
| Financial debts | 170/4 | €331,593 | €284,816 | -€46,777 | -14.1% |
| Amounts payable within one year | 42/48 | €101,177 | €61,048 | -€40,129 | -39.7% |
| Current portion of amounts payable after more than one year | 42 | €49,274 | €47,447 | -€1,827 | -3.7% |
| Financial debts | 43 | - | €4 | +€4 | |
| Credit institutions | 430/8 | - | €4 | +€4 | |
| Trade debts | 44 | €2,739 | €477 | -€2,262 | -82.6% |
| Suppliers | 440/4 | €2,739 | €477 | -€2,262 | -82.6% |
| Taxes, remuneration and social security | 45 | €48,364 | €13,120 | -€35,244 | -72.9% |
| Taxes | 450/3 | €48,364 | €13,120 | -€35,244 | -72.9% |
| Other amounts payable | 47/48 | €800 | - | -€800 | |
| Accrued charges and deferred income | 492/3 | €2,518 | €4,113 | +€1,595 | +63.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,306 | €47,212 | +€906 | +2.0% |
| Other operating charges | 640/8 | €7,025 | €5,176 | -€1,849 | -26.3% |
| Gross operating margin | 9900 | €136,437 | €126,582 | -€9,855 | -7.2% |
| Operating profit (loss) | 9901 | €83,106 | €74,194 | -€8,912 | -10.7% |
| Financial charges | 65/66B | €16,856 | €12,916 | -€3,940 | -23.4% |
| Recurring financial charges | 65 | €16,856 | €12,916 | -€3,940 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €66,250 | €61,278 | -€4,972 | -7.5% |
| Income taxes | 67/77 | €21,518 | €18,693 | -€2,825 | -13.1% |
| Profit (loss) for the period | 9904 | €44,732 | €42,585 | -€2,147 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €44,732 | €42,585 | -€2,147 | -4.8% |
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 19 October 2026 via checked.be.