KEOZH: what changed
Two fiscal 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.
KEOZH
Largest movements
- Cash +€69,435
up €69,435 (+72.4%), from €95,965 to €165,400
mainly Net result for the year (+€82,769) and Depreciation (+€6,652)
- Receivables within one year +€18,300
up €18,300 (+26142.9%), from €70 to €18,370
- Tangible fixed assets -€3,285
down €3,285 (-31.6%), from €10,404 to €7,119
of which Furniture and vehicles: -€2,978
- Profit (loss) carried forward +€82,768
up €82,768 (+82.3%), from €100,569 to €183,337
- Tax, wage and social debts +€2,021
new in 2025: €2,021
of which Remuneration and social security: +€1,500
- Taxes +€26,174
new in 2025: €26,174
- Gross operating margin +€9,363
up €9,363 (+8.2%), from €114,485 to €123,848
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 | €106,659 | €191,109 | +€84,450 | +79.2% |
| Fixed assets | 21/28 | €10,624 | €7,339 | -€3,285 | -30.9% |
| Tangible fixed assets | 22/27 | €10,404 | €7,119 | -€3,285 | -31.6% |
| Plant, machinery and equipment | 23 | €703 | €396 | -€307 | -43.7% |
| Furniture and vehicles | 24 | €9,701 | €6,723 | -€2,978 | -30.7% |
| Financial fixed assets | 28 | €220 | €220 | = | 0.0% |
| Current assets | 29/58 | €96,035 | €183,770 | +€87,735 | +91.4% |
| Amounts receivable within one year | 40/41 | €70 | €18,370 | +€18,300 | +26142.9% |
| Trade receivables | 40 | €70 | €18,370 | +€18,300 | +26142.9% |
| Cash at bank and in hand | 54/58 | €95,965 | €165,400 | +€69,435 | +72.4% |
| Total equity and liabilities | 10/49 | €106,659 | €191,109 | +€84,450 | +79.2% |
| Equity | 10/15 | €105,569 | €188,337 | +€82,768 | +78.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,569 | €183,337 | +€82,768 | +82.3% |
| Amounts payable | 17/49 | €1,090 | €2,772 | +€1,682 | +154.3% |
| Amounts payable within one year | 42/48 | €1,090 | €2,771 | +€1,681 | +154.2% |
| Trade debts | 44 | €538 | €596 | +€58 | +10.8% |
| Suppliers | 440/4 | €538 | €596 | +€58 | +10.8% |
| Taxes, remuneration and social security | 45 | - | €2,021 | +€2,021 | |
| Taxes | 450/3 | - | €521 | +€521 | |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €552 | €154 | -€398 | -72.1% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Remuneration, social security and pensions | 62 | €8,008 | €7,995 | -€13 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,733 | €6,652 | +€919 | +16.0% |
| Other operating charges | 640/8 | €85 | €85 | = | 0.0% |
| Gross operating margin | 9900 | €114,485 | €123,848 | +€9,363 | +8.2% |
| Operating profit (loss) | 9901 | €100,659 | €109,116 | +€8,457 | +8.4% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €90 | €183 | +€93 | +103.3% |
| Recurring financial charges | 65 | €90 | €183 | +€93 | +103.3% |
| Profit (loss) for the period before taxes | 9903 | €100,569 | €108,943 | +€8,374 | +8.3% |
| Income taxes | 67/77 | - | €26,174 | +€26,174 | |
| Profit (loss) for the period | 9904 | €100,569 | €82,769 | -€17,800 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €100,569 | €82,769 | -€17,800 | -17.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.