Keulen IT Transformation: 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.
Keulen IT Transformation
Largest movements
- Cash +€42,855
up €42,855 (+66.0%), from €64,924 to €107,779
mainly Other debts (+€116,312) and Net result for the year (+€59,143)
- Current investments +€13,354
up €13,354 (+194%), from €6,900 to €20,254
- Receivables within one year +€6,629
up €6,629 (+42.3%), from €15,671 to €22,300
of which Trade receivables: +€8,431
- Tangible fixed assets +€6,219
up €6,219 (+55.1%), from €11,295 to €17,514
- Other debts +€116,312
new in 2025: €116,312
- Profit (loss) carried forward -€57,169
no longer reported in 2025 (was €57,169)
- Tax, wage and social debts +€16,654
up €16,654 (+1,181%), from €1,410 to €18,064
- Trade debts -€6,026
down €6,026 (-91.6%), from €6,577 to €551
- Staff costs -€1,920
no longer reported in 2025 (was €1,920)
- Financial charges -€1,076
down €1,076 (-35.8%), from €3,008 to €1,932
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 | €99,981 | €168,393 | +€68,412 | +68.4% |
| Fixed assets | 21/28 | €11,295 | €17,514 | +€6,219 | +55.1% |
| Tangible fixed assets | 22/27 | €11,295 | €17,514 | +€6,219 | +55.1% |
| Furniture and vehicles | 24 | €11,295 | €17,514 | +€6,219 | +55.1% |
| Current assets | 29/58 | €88,687 | €150,880 | +€62,193 | +70.1% |
| Amounts receivable within one year | 40/41 | €15,671 | €22,300 | +€6,629 | +42.3% |
| Trade receivables | 40 | €7,287 | €15,718 | +€8,431 | +116% |
| Other amounts receivable | 41 | €8,383 | €6,581 | -€1,802 | -21.5% |
| Current investments | 50/53 | €6,900 | €20,254 | +€13,354 | +194% |
| Cash at bank and in hand | 54/58 | €64,924 | €107,779 | +€42,855 | +66.0% |
| Deferred charges and accrued income | 490/1 | €1,192 | €548 | -€644 | -54.1% |
| Total equity and liabilities | 10/49 | €99,981 | €168,393 | +€68,412 | +68.4% |
| Equity | 10/15 | €90,636 | €33,466 | -€57,169 | -63.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €30,966 | €30,966 | = | 0.0% |
| Distributable reserves | 133 | €30,966 | €30,966 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,169 | - | -€57,169 | |
| Amounts payable | 17/49 | €9,346 | €134,927 | +€125,581 | +1,344% |
| Amounts payable within one year | 42/48 | €9,346 | €134,927 | +€125,581 | +1,344% |
| Current portion of amounts payable after more than one year | 42 | €1,359 | - | -€1,359 | |
| Trade debts | 44 | €6,577 | €551 | -€6,026 | -91.6% |
| Suppliers | 440/4 | €6,577 | €551 | -€6,026 | -91.6% |
| Taxes, remuneration and social security | 45 | €1,410 | €18,064 | +€16,654 | +1,181% |
| Taxes | 450/3 | €1,410 | €18,064 | +€16,654 | +1,181% |
| Other amounts payable | 47/48 | - | €116,312 | +€116,312 | |
| Remuneration, social security and pensions | 62 | €1,920 | - | -€1,920 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,332 | €3,698 | +€366 | +11.0% |
| Other operating charges | 640/8 | €356 | €624 | +€268 | +75.2% |
| Gross operating margin | 9900 | €80,812 | €80,779 | -€33 | 0.0% |
| Operating profit (loss) | 9901 | €75,204 | €76,457 | +€1,252 | +1.7% |
| Financial income | 75/76B | €431 | €407 | -€24 | -5.6% |
| Recurring financial income | 75 | €431 | €407 | -€24 | -5.6% |
| Financial charges | 65/66B | €3,008 | €1,932 | -€1,076 | -35.8% |
| Recurring financial charges | 65 | €3,008 | €1,932 | -€1,076 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | €72,627 | €74,932 | +€2,304 | +3.2% |
| Income taxes | 67/77 | €15,458 | €15,789 | +€331 | +2.1% |
| Profit (loss) for the period | 9904 | €57,169 | €59,143 | +€1,973 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €57,169 | €59,143 | +€1,973 | +3.5% |
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.