KEOS: 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.
KEOS
Largest movements
- Current investments -€41,000
no longer reported in 2025 (was €41,000)
- Cash +€9,872
up €9,872 (+20.4%), from €48,368 to €58,240
mainly Other debts (+€77,403) and Current investments (+€41,000)
- Receivables within one year +€3,898
up €3,898 (+8.9%), from €43,576 to €47,474
of which Trade receivables: +€2,720
- Tangible fixed assets +€3,035
up €3,035 (+20.7%), from €14,693 to €17,728
of which Furniture and vehicles: +€4,424
- Reserves -€104,896
down €104,896 (-73.6%), from €142,569 to €37,674
- Other debts +€77,403
new in 2025: €77,403
- Gross operating margin -€7,496
down €7,496 (-12.0%), from €62,503 to €55,007
- Taxes -€1,050
down €1,050 (-9.0%), from €11,601 to €10,551
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.
Cash bridge derived
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 | €156,078 | €131,916 | -€24,162 | -15.5% |
| Fixed assets | 21/28 | €21,093 | €24,128 | +€3,035 | +14.4% |
| Tangible fixed assets | 22/27 | €14,693 | €17,728 | +€3,035 | +20.7% |
| Plant, machinery and equipment | 23 | €7,415 | €4,735 | -€2,680 | -36.1% |
| Furniture and vehicles | 24 | - | €4,424 | +€4,424 | |
| Other tangible fixed assets | 26 | €7,278 | €8,569 | +€1,291 | +17.7% |
| Financial fixed assets | 28 | €6,400 | €6,400 | = | 0.0% |
| Current assets | 29/58 | €134,984 | €107,788 | -€27,197 | -20.1% |
| Amounts receivable within one year | 40/41 | €43,576 | €47,474 | +€3,898 | +8.9% |
| Trade receivables | 40 | €43,177 | €45,897 | +€2,720 | +6.3% |
| Other amounts receivable | 41 | €399 | €1,578 | +€1,178 | +294.9% |
| Current investments | 50/53 | €41,000 | - | -€41,000 | |
| Cash at bank and in hand | 54/58 | €48,368 | €58,240 | +€9,872 | +20.4% |
| Deferred charges and accrued income | 490/1 | €2,040 | €2,074 | +€33 | +1.6% |
| Total equity and liabilities | 10/49 | €156,078 | €131,916 | -€24,162 | -15.5% |
| Equity | 10/15 | €145,069 | €40,174 | -€104,896 | -72.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €142,569 | €37,674 | -€104,896 | -73.6% |
| Distributable reserves | 133 | €142,569 | €37,674 | -€104,896 | -73.6% |
| Amounts payable | 17/49 | €11,008 | €91,742 | +€80,734 | +733.4% |
| Amounts payable within one year | 42/48 | €11,008 | €91,742 | +€80,734 | +733.4% |
| Trade debts | 44 | €2,572 | €3,972 | +€1,400 | +54.4% |
| Suppliers | 440/4 | €2,572 | €3,972 | +€1,400 | +54.4% |
| Advances received on contracts in progress | 46 | - | €838 | +€838 | |
| Taxes, remuneration and social security | 45 | €8,436 | €9,529 | +€1,093 | +13.0% |
| Taxes | 450/3 | €8,436 | €9,529 | +€1,093 | +13.0% |
| Other amounts payable | 47/48 | - | €77,403 | +€77,403 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,296 | €3,747 | +€451 | +13.7% |
| Other operating charges | 640/8 | €655 | €120 | -€535 | -81.7% |
| Gross operating margin | 9900 | €62,503 | €55,007 | -€7,496 | -12.0% |
| Operating profit (loss) | 9901 | €58,551 | €51,140 | -€7,411 | -12.7% |
| Financial income | 75/76B | - | €432 | +€432 | |
| Recurring financial income | 75 | - | €432 | +€432 | |
| Financial charges | 65/66B | €5,944 | €5,917 | -€27 | -0.5% |
| Recurring financial charges | 65 | €5,944 | €5,536 | -€408 | -6.9% |
| Non-recurring financial charges | 66B | - | €381 | +€381 | |
| Profit (loss) for the period before taxes | 9903 | €52,607 | €45,655 | -€6,952 | -13.2% |
| Income taxes | 67/77 | €11,601 | €10,551 | -€1,050 | -9.0% |
| Profit (loss) for the period | 9904 | €41,007 | €35,104 | -€5,903 | -14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,007 | €35,104 | -€5,903 | -14.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.