KEURVEE: 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.
KEURVEE
Largest movements
- Cash +€324,216
up €324,216 (+19,519%), from €1,661 to €325,877
- Tangible fixed assets -€259,159
no longer reported in 2025 (was €259,159)
of which Land and buildings: -€238,147
- Receivables within one year +€46,414
up €46,414 (+197%), from €23,586 to €70,000
of which Other amounts receivable: +€50,340
- Reserves +€230,000
up €230,000 (+154%), from €149,295 to €379,295
of which Distributable reserves: +€230,000
- Debts after one year -€110,200
no longer reported in 2025 (was €110,200)
- Current portion of long-term debt -€34,279
no longer reported in 2025 (was €34,279)
- Tax, wage and social debts +€22,688
up €22,688 (+7,272%), from €312 to €23,000
- Gross operating margin +€323,928
up €323,928 (+1,431%), from €22,640 to €346,568
- Taxes +€94,406
up €94,406 (+1,099%), from €8,594 to €103,000
- Depreciation -€15,132
no longer reported in 2025 (was €15,132)
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €284,406 | €395,877 | +€111,471 | +39.2% |
| Fixed assets | 21/28 | €259,159 | - | -€259,159 | |
| Tangible fixed assets | 22/27 | €259,159 | - | -€259,159 | |
| Land and buildings | 22 | €238,147 | - | -€238,147 | |
| Plant, machinery and equipment | 23 | €21,012 | - | -€21,012 | |
| Current assets | 29/58 | €25,247 | €395,877 | +€370,630 | +1,468% |
| Amounts receivable within one year | 40/41 | €23,586 | €70,000 | +€46,414 | +197% |
| Trade receivables | 40 | €3,926 | - | -€3,926 | |
| Other amounts receivable | 41 | €19,660 | €70,000 | +€50,340 | +256% |
| Cash at bank and in hand | 54/58 | €1,661 | €325,877 | +€324,216 | +19,519% |
| Total equity and liabilities | 10/49 | €284,406 | €395,877 | +€111,471 | +39.2% |
| Equity | 10/15 | €139,302 | €371,199 | +€231,897 | +166% |
| Contributions | 10/11 | €878 | €878 | = | 0.0% |
| Reserves | 13 | €149,295 | €379,295 | +€230,000 | +154% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €146,816 | €376,816 | +€230,000 | +157% |
| Profit (loss) carried forward | 14 | -€10,871 | -€8,974 | +€1,897 | +17.5% |
| Amounts payable | 17/49 | €145,104 | €24,678 | -€120,426 | -83.0% |
| Amounts payable after more than one year | 17 | €110,200 | - | -€110,200 | |
| Financial debts | 170/4 | €110,200 | - | -€110,200 | |
| Amounts payable within one year | 42/48 | €34,904 | €24,678 | -€10,226 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | €34,279 | - | -€34,279 | |
| Trade debts | 44 | €313 | €954 | +€641 | +205% |
| Suppliers | 440/4 | €313 | €954 | +€641 | +205% |
| Taxes, remuneration and social security | 45 | €312 | €23,000 | +€22,688 | +7,272% |
| Taxes | 450/3 | €312 | €23,000 | +€22,688 | +7,272% |
| Other amounts payable | 47/48 | - | €724 | +€724 | |
| Remuneration, social security and pensions | 62 | €726 | €66 | -€660 | -90.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,132 | - | -€15,132 | |
| Other operating charges | 640/8 | €4,579 | €7,573 | +€2,994 | +65.4% |
| Gross operating margin | 9900 | €22,640 | €346,568 | +€323,928 | +1,431% |
| Operating profit (loss) | 9901 | €2,203 | €338,929 | +€336,726 | +15,285% |
| Financial income | 75/76B | - | €936 | +€936 | |
| Recurring financial income | 75 | - | €936 | +€936 | |
| Financial charges | 65/66B | €4,480 | €4,968 | +€488 | +10.9% |
| Recurring financial charges | 65 | €4,480 | €4,968 | +€488 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,277 | €334,897 | +€337,174 | |
| Income taxes | 67/77 | €8,594 | €103,000 | +€94,406 | +1,099% |
| Profit (loss) for the period | 9904 | -€10,871 | €231,897 | +€242,768 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,871 | €231,897 | +€242,768 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.