Keros 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.
Keros Consulting
Largest movements
- Cash -€39,631
down €39,631 (-14.3%), from €277,325 to €237,694
mainly Contributions, distributions and other (-€90,250) and Tax, wage and social debts (-€28,590)
- Receivables after one year -€25,237
no longer reported in 2025 (was €25,237)
- Receivables within one year +€10,250
up €10,250 (+23.6%), from €43,356 to €53,607
of which Trade receivables: +€5,512
- Tangible fixed assets -€8,225
down €8,225 (-22.5%), from €36,624 to €28,399
- Reserves -€33,838
down €33,838 (-10.1%), from €334,281 to €300,443
of which Distributable reserves: -€33,838
- Tax, wage and social debts -€28,590
down €28,590 (-73.2%), from €39,048 to €10,458
of which Taxes: -€29,384
- Gross operating margin -€20,556
down €20,556 (-17.8%), from €115,224 to €94,667
- Taxes -€6,032
down €6,032 (-17.8%), from €33,888 to €27,856
- Financial income +€1,682
up €1,682 (+20,464%), from €8 to €1,690
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 | €385,712 | €323,707 | -€62,005 | -16.1% |
| Fixed assets | 21/28 | €36,874 | €28,649 | -€8,225 | -22.3% |
| Tangible fixed assets | 22/27 | €36,624 | €28,399 | -€8,225 | -22.5% |
| Land and buildings | 22 | €14,344 | €13,467 | -€877 | -6.1% |
| Plant, machinery and equipment | 23 | €14,323 | €10,917 | -€3,406 | -23.8% |
| Furniture and vehicles | 24 | €7,957 | €4,016 | -€3,941 | -49.5% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €348,838 | €295,058 | -€53,780 | -15.4% |
| Amounts receivable after more than one year | 29 | €25,237 | - | -€25,237 | |
| Trade receivables | 290 | €25,237 | - | -€25,237 | |
| Amounts receivable within one year | 40/41 | €43,356 | €53,607 | +€10,250 | +23.6% |
| Trade receivables | 40 | €16,893 | €22,405 | +€5,512 | +32.6% |
| Other amounts receivable | 41 | €26,463 | €31,201 | +€4,738 | +17.9% |
| Cash at bank and in hand | 54/58 | €277,325 | €237,694 | -€39,631 | -14.3% |
| Deferred charges and accrued income | 490/1 | €2,919 | €3,757 | +€838 | +28.7% |
| Total equity and liabilities | 10/49 | €385,712 | €323,707 | -€62,005 | -16.1% |
| Equity | 10/15 | €340,481 | €306,643 | -€33,838 | -9.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €334,281 | €300,443 | -€33,838 | -10.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €332,421 | €298,583 | -€33,838 | -10.2% |
| Amounts payable | 17/49 | €45,231 | €17,064 | -€28,167 | -62.3% |
| Amounts payable within one year | 42/48 | €45,231 | €17,064 | -€28,167 | -62.3% |
| Trade debts | 44 | €6,183 | €6,606 | +€423 | +6.8% |
| Suppliers | 440/4 | €6,183 | €6,606 | +€423 | +6.8% |
| Taxes, remuneration and social security | 45 | €39,048 | €10,458 | -€28,590 | -73.2% |
| Taxes | 450/3 | €39,048 | €9,664 | -€29,384 | -75.3% |
| Remuneration and social security | 454/9 | - | €794 | +€794 | |
| Non-recurring operating income | 76A | €1,549 | - | -€1,549 | |
| Remuneration, social security and pensions | 62 | €226 | - | -€226 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,180 | €9,315 | +€135 | +1.5% |
| Other operating charges | 640/8 | €1,325 | €1,325 | = | 0.0% |
| Gross operating margin | 9900 | €115,224 | €94,667 | -€20,556 | -17.8% |
| Operating profit (loss) | 9901 | €104,492 | €84,027 | -€20,465 | -19.6% |
| Financial income | 75/76B | €8 | €1,690 | +€1,682 | +20,464% |
| Recurring financial income | 75 | €8 | €1,690 | +€1,682 | +20,464% |
| Financial charges | 65/66B | €1,563 | €1,450 | -€113 | -7.2% |
| Recurring financial charges | 65 | €1,563 | €1,450 | -€113 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €102,937 | €84,268 | -€18,670 | -18.1% |
| Income taxes | 67/77 | €33,888 | €27,856 | -€6,032 | -17.8% |
| Profit (loss) for the period | 9904 | €69,050 | €56,412 | -€12,638 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €69,050 | €56,412 | -€12,638 | -18.3% |
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 23 October 2026 via checked.be.