Keskin: 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.
Keskin
Largest movements
- Intangible fixed assets -€24,247
no longer reported in 2025 (was €24,247)
- Tangible fixed assets +€12,252
up €12,252 (+546%), from €2,245 to €14,496
of which Other tangible fixed assets: +€7,830
- Stocks and contracts -€4,845
down €4,845 (-52.0%), from €9,313 to €4,468
- Receivables within one year +€4,018
up €4,018 (+116%), from €3,468 to €7,486
of which Trade receivables: +€3,939
- Cash +€2,468
up €2,468 (+35.3%), from €6,982 to €9,449
mainly Other debts (+€16,539) and Trade debts (+€14,131)
- Profit (loss) carried forward -€26,891
down €26,891, from €12,799 to -€14,092
- Other debts +€16,539
up €16,539 (+2,884%), from €574 to €17,113
- Trade debts +€14,131
up €14,131 (+143%), from €9,912 to €24,043
- Tax, wage and social debts -€13,633
down €13,633 (-66.5%), from €20,488 to €6,855
of which Remuneration and social security: -€7,958
- Gross operating margin -€47,485
down €47,485, from €24,001 to -€23,484
- Staff costs -€38,295
down €38,295, from €30,704 to -€7,590
- Depreciation -€2,587
down €2,587 (-55.3%), from €4,677 to €2,090
- Other operating charges +€2,049
up €2,049 (+59.9%), from €3,423 to €5,472
- Financial charges +€1,455
up €1,455 (+168%), from €865 to €2,320
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 | €51,772 | €41,919 | -€9,853 | -19.0% |
| Fixed assets | 21/28 | €31,801 | €19,806 | -€11,995 | -37.7% |
| Intangible fixed assets | 21 | €24,247 | - | -€24,247 | |
| Tangible fixed assets | 22/27 | €2,245 | €14,496 | +€12,252 | +546% |
| Plant, machinery and equipment | 23 | €385 | €3,103 | +€2,718 | +705% |
| Furniture and vehicles | 24 | €1,859 | €3,564 | +€1,705 | +91.7% |
| Other tangible fixed assets | 26 | - | €7,830 | +€7,830 | |
| Financial fixed assets | 28 | €5,310 | €5,310 | = | 0.0% |
| Current assets | 29/58 | €19,971 | €22,113 | +€2,142 | +10.7% |
| Stocks and contracts in progress | 3 | €9,313 | €4,468 | -€4,845 | -52.0% |
| Stocks | 30/36 | €9,313 | €4,468 | -€4,845 | -52.0% |
| Amounts receivable within one year | 40/41 | €3,468 | €7,486 | +€4,018 | +116% |
| Trade receivables | 40 | €598 | €4,537 | +€3,939 | +659% |
| Other amounts receivable | 41 | €2,870 | €2,949 | +€79 | +2.8% |
| Cash at bank and in hand | 54/58 | €6,982 | €9,449 | +€2,468 | +35.3% |
| Deferred charges and accrued income | 490/1 | €209 | €710 | +€501 | +240% |
| Total equity and liabilities | 10/49 | €51,772 | €41,919 | -€9,853 | -19.0% |
| Equity | 10/15 | €20,799 | -€6,092 | -€26,891 | |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,799 | -€14,092 | -€26,891 | |
| Amounts payable | 17/49 | €30,973 | €48,011 | +€17,038 | +55.0% |
| Amounts payable within one year | 42/48 | €30,973 | €48,011 | +€17,038 | +55.0% |
| Trade debts | 44 | €9,912 | €24,043 | +€14,131 | +143% |
| Suppliers | 440/4 | €9,912 | €24,043 | +€14,131 | +143% |
| Taxes, remuneration and social security | 45 | €20,488 | €6,855 | -€13,633 | -66.5% |
| Taxes | 450/3 | €7,295 | €1,620 | -€5,674 | -77.8% |
| Remuneration and social security | 454/9 | €13,193 | €5,235 | -€7,958 | -60.3% |
| Other amounts payable | 47/48 | €574 | €17,113 | +€16,539 | +2,884% |
| Remuneration, social security and pensions | 62 | €30,704 | -€7,590 | -€38,295 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,677 | €2,090 | -€2,587 | -55.3% |
| Other operating charges | 640/8 | €3,423 | €5,472 | +€2,049 | +59.9% |
| Non-recurring operating charges | 66A | - | €638 | +€638 | |
| Gross operating margin | 9900 | €24,001 | -€23,484 | -€47,485 | |
| Operating profit (loss) | 9901 | -€14,804 | -€24,094 | -€9,290 | -62.8% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €865 | €2,320 | +€1,455 | +168% |
| Recurring financial charges | 65 | €865 | €2,320 | +€1,455 | +168% |
| Profit (loss) for the period before taxes | 9903 | -€15,668 | -€26,413 | -€10,745 | -68.6% |
| Income taxes | 67/77 | - | €477 | +€477 | |
| Profit (loss) for the period | 9904 | -€15,668 | -€26,891 | -€11,223 | -71.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,668 | -€26,891 | -€11,223 | -71.6% |
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.