KEOLIA BENELUX: what changed
KEOLIA BENELUX
Largest movements
- Receivables within one year +€57,848
up €57,848 (+34.7%), from €166,691 to €224,539
of which Trade receivables: +€58,213
- Stocks and contracts -€15,455
down €15,455 (-50.7%), from €30,455 to €15,000
- Cash -€6,359
down €6,359 (-6.7%), from €95,468 to €89,109
mainly Receivables within one year (-€57,848) and Trade debts (-€7,706)
- Tangible fixed assets -€5,146
no longer reported in 2025 (was €5,146)
- Other debts +€31,869
up €31,869 (+115%), from €27,652 to €59,522
- Tax, wage and social debts +€9,538
up €9,538 (+85.3%), from €11,179 to €20,717
of which Taxes: +€9,800
- Trade debts -€7,706
down €7,706 (-8.1%), from €95,536 to €87,830
- Gross operating margin -€22,880
down €22,880 (-37.7%), from €60,654 to €37,773
- Write-downs -€18,100
down €18,100, from €10,550 to -€7,550
- Taxes +€3,475
no longer reported in 2025 (was -€3,475)
- Staff costs -€1,657
down €1,657 (-4.5%), from €37,205 to €35,548
- Financial income +€811
up €811 (+1,147%), from €71 to €881
of which Financial income: +€879
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 | €297,760 | €328,648 | +€30,888 | +10.4% |
| Fixed assets | 21/28 | €5,146 | - | -€5,146 | |
| Tangible fixed assets | 22/27 | €5,146 | - | -€5,146 | |
| Furniture and vehicles | 24 | €5,146 | - | -€5,146 | |
| Current assets | 29/58 | €292,614 | €328,648 | +€36,034 | +12.3% |
| Stocks and contracts in progress | 3 | €30,455 | €15,000 | -€15,455 | -50.7% |
| Stocks | 30/36 | €30,455 | €15,000 | -€15,455 | -50.7% |
| Amounts receivable within one year | 40/41 | €166,691 | €224,539 | +€57,848 | +34.7% |
| Trade receivables | 40 | €75,286 | €133,499 | +€58,213 | +77.3% |
| Other amounts receivable | 41 | €91,405 | €91,040 | -€365 | -0.4% |
| Cash at bank and in hand | 54/58 | €95,468 | €89,109 | -€6,359 | -6.7% |
| Total equity and liabilities | 10/49 | €297,760 | €328,648 | +€30,888 | +10.4% |
| Equity | 10/15 | €163,393 | €160,579 | -€2,813 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,793 | €141,979 | -€2,813 | -1.9% |
| Amounts payable | 17/49 | €134,367 | €168,069 | +€33,702 | +25.1% |
| Amounts payable within one year | 42/48 | €134,367 | €168,069 | +€33,702 | +25.1% |
| Trade debts | 44 | €95,536 | €87,830 | -€7,706 | -8.1% |
| Suppliers | 440/4 | €95,536 | €87,830 | -€7,706 | -8.1% |
| Taxes, remuneration and social security | 45 | €11,179 | €20,717 | +€9,538 | +85.3% |
| Taxes | 450/3 | €8,427 | €18,227 | +€9,800 | +116% |
| Remuneration and social security | 454/9 | €2,752 | €2,490 | -€262 | -9.5% |
| Other amounts payable | 47/48 | €27,652 | €59,522 | +€31,869 | +115% |
| Remuneration, social security and pensions | 62 | €37,205 | €35,548 | -€1,657 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,146 | €5,146 | -€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,550 | -€7,550 | -€18,100 | |
| Other operating charges | 640/8 | €2,327 | €2,739 | +€412 | +17.7% |
| Gross operating margin | 9900 | €60,654 | €37,773 | -€22,880 | -37.7% |
| Operating profit (loss) | 9901 | €5,426 | €1,891 | -€3,535 | -65.1% |
| Financial income | 75/76B | €71 | €881 | +€811 | +1,147% |
| Recurring financial income | 75 | €3 | €881 | +€879 | +32,545% |
| Non-recurring financial income | 76B | €68 | - | -€68 | |
| Financial charges | 65/66B | €1,644 | €2,353 | +€710 | +43.2% |
| Recurring financial charges | 65 | €1,644 | €1,571 | -€73 | -4.4% |
| Non-recurring financial charges | 66B | - | €783 | +€783 | |
| Profit (loss) for the period before taxes | 9903 | €3,853 | €419 | -€3,434 | -89.1% |
| Income taxes | 67/77 | -€3,475 | - | +€3,475 | |
| Profit (loss) for the period | 9904 | €7,328 | €419 | -€6,909 | -94.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,328 | €419 | -€6,909 | -94.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.