Keysers Constructions: 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.
Keysers Constructions
Largest movements
- Tangible fixed assets -€28,512
down €28,512 (-21.4%), from €133,280 to €104,768
of which Land and buildings: -€19,800
- Cash +€6,340
up €6,340 (+41.2%), from €15,373 to €21,713
mainly Depreciation (+€29,834) and Net result for the year (+€5,719)
- Receivables within one year -€3,809
down €3,809 (-62.9%), from €6,055 to €2,246
- Debts after one year -€22,419
down €22,419 (-36.1%), from €62,052 to €39,633
- Other debts -€8,659
down €8,659 (-5.0%), from €171,651 to €162,992
- Profit (loss) carried forward +€5,719
up €5,719 (+4.3%), from -€132,891 to -€127,172
- Depreciation +€560
up €560 (+1.9%), from €29,274 to €29,834
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 | €154,707 | €129,522 | -€25,186 | -16.3% |
| Fixed assets | 21/28 | €133,280 | €104,768 | -€28,512 | -21.4% |
| Tangible fixed assets | 22/27 | €133,280 | €104,768 | -€28,512 | -21.4% |
| Land and buildings | 22 | €108,800 | €89,000 | -€19,800 | -18.2% |
| Plant, machinery and equipment | 23 | €24,480 | €15,768 | -€8,712 | -35.6% |
| Current assets | 29/58 | €21,428 | €24,754 | +€3,326 | +15.5% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €6,055 | €2,246 | -€3,809 | -62.9% |
| Trade receivables | 40 | €6,055 | €2,246 | -€3,809 | -62.9% |
| Cash at bank and in hand | 54/58 | €15,373 | €21,713 | +€6,340 | +41.2% |
| Deferred charges and accrued income | 490/1 | - | €795 | +€795 | |
| Total equity and liabilities | 10/49 | €154,707 | €129,522 | -€25,186 | -16.3% |
| Equity | 10/15 | -€104,466 | -€98,746 | +€5,719 | +5.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €8,425 | €8,425 | = | 0.0% |
| Distributable reserves | 133 | €8,425 | €8,425 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,891 | -€127,172 | +€5,719 | +4.3% |
| Amounts payable | 17/49 | €259,173 | €228,268 | -€30,905 | -11.9% |
| Amounts payable after more than one year | 17 | €62,052 | €39,633 | -€22,419 | -36.1% |
| Financial debts | 170/4 | €62,052 | €39,633 | -€22,419 | -36.1% |
| Amounts payable within one year | 42/48 | €197,121 | €187,635 | -€9,486 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €22,782 | €22,670 | -€112 | -0.5% |
| Trade debts | 44 | €1,188 | €490 | -€698 | -58.7% |
| Suppliers | 440/4 | €1,188 | €490 | -€698 | -58.7% |
| Taxes, remuneration and social security | 45 | €1,501 | €1,483 | -€18 | -1.2% |
| Taxes | 450/3 | €1,501 | €1,483 | -€18 | -1.2% |
| Other amounts payable | 47/48 | €171,651 | €162,992 | -€8,659 | -5.0% |
| Accrued charges and deferred income | 492/3 | €0 | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,274 | €29,834 | +€560 | +1.9% |
| Other operating charges | 640/8 | €3,659 | €3,763 | +€104 | +2.8% |
| Gross operating margin | 9900 | €41,525 | €41,525 | +€0 | 0.0% |
| Operating profit (loss) | 9901 | €8,592 | €7,928 | -€663 | -7.7% |
| Financial income | 75/76B | €174 | €19 | -€156 | -89.4% |
| Recurring financial income | 75 | €174 | €19 | -€156 | -89.4% |
| Financial charges | 65/66B | €1,874 | €2,228 | +€353 | +18.9% |
| Recurring financial charges | 65 | €1,874 | €2,228 | +€353 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €6,891 | €5,719 | -€1,172 | -17.0% |
| Profit (loss) for the period | 9904 | €6,891 | €5,719 | -€1,172 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,891 | €5,719 | -€1,172 | -17.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.