KEYSERS EDDY: 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.
KEYSERS EDDY
Largest movements
- Cash +€18,529
up €18,529 (+23.2%), from €79,811 to €98,341
mainly Depreciation (+€18,593) and Other debts (+€7,130)
- Tangible fixed assets -€16,754
down €16,754 (-38.9%), from €43,110 to €26,357
of which Furniture and vehicles: -€14,892
- Receivables within one year +€6,944
up €6,944 (+122%), from €5,701 to €12,644
of which Other amounts receivable: +€7,354
- Stocks and contracts -€2,825
down €2,825 (-14.7%), from €19,175 to €16,350
of which Contracts in progress: -€9,350
- Debts after one year -€8,699
no longer reported in 2025 (was €8,699)
- Other debts +€7,130
up €7,130 (+131%), from €5,452 to €12,582
- Accrued charges and deferred income +€5,701
up €5,701 (+213%), from €2,673 to €8,374
- Trade debts +€1,925
up €1,925 (+82.6%), from €2,330 to €4,255
- Depreciation +€4,997
up €4,997 (+36.7%), from €13,597 to €18,593
- Gross operating margin -€4,841
down €4,841 (-9.0%), from €54,048 to €49,208
- Taxes -€3,213
down €3,213 (-74.8%), from €4,296 to €1,083
- Staff costs +€1,217
up €1,217 (+4.9%), from €25,036 to €26,253
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 | €147,865 | €153,762 | +€5,897 | +4.0% |
| Fixed assets | 21/28 | €43,110 | €26,357 | -€16,754 | -38.9% |
| Tangible fixed assets | 22/27 | €43,110 | €26,357 | -€16,754 | -38.9% |
| Plant, machinery and equipment | 23 | €5,585 | €4,501 | -€1,084 | -19.4% |
| Furniture and vehicles | 24 | €35,570 | €20,677 | -€14,892 | -41.9% |
| Other tangible fixed assets | 26 | €1,956 | €1,178 | -€777 | -39.8% |
| Current assets | 29/58 | €104,755 | €127,405 | +€22,650 | +21.6% |
| Stocks and contracts in progress | 3 | €19,175 | €16,350 | -€2,825 | -14.7% |
| Stocks | 30/36 | €3,325 | €9,850 | +€6,525 | +196% |
| Contracts in progress | 37 | €15,850 | €6,500 | -€9,350 | -59.0% |
| Amounts receivable within one year | 40/41 | €5,701 | €12,644 | +€6,944 | +122% |
| Trade receivables | 40 | €3,783 | €3,373 | -€410 | -10.8% |
| Other amounts receivable | 41 | €1,918 | €9,272 | +€7,354 | +383% |
| Cash at bank and in hand | 54/58 | €79,811 | €98,341 | +€18,529 | +23.2% |
| Deferred charges and accrued income | 490/1 | €68 | €70 | +€2 | +3.1% |
| Total equity and liabilities | 10/49 | €147,865 | €153,762 | +€5,897 | +4.0% |
| Equity | 10/15 | €108,239 | €109,773 | +€1,535 | +1.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €95,839 | €97,373 | +€1,535 | +1.6% |
| Distributable reserves | 133 | €95,839 | €97,373 | +€1,535 | +1.6% |
| Amounts payable | 17/49 | €39,627 | €43,989 | +€4,362 | +11.0% |
| Amounts payable after more than one year | 17 | €8,699 | - | -€8,699 | |
| Financial debts | 170/4 | €8,699 | - | -€8,699 | |
| Amounts payable within one year | 42/48 | €28,255 | €35,615 | +€7,360 | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €9,951 | €8,699 | -€1,252 | -12.6% |
| Trade debts | 44 | €2,330 | €4,255 | +€1,925 | +82.6% |
| Suppliers | 440/4 | €2,330 | €4,255 | +€1,925 | +82.6% |
| Taxes, remuneration and social security | 45 | €10,523 | €10,078 | -€444 | -4.2% |
| Taxes | 450/3 | €3,249 | €2,786 | -€463 | -14.2% |
| Remuneration and social security | 454/9 | €7,274 | €7,292 | +€18 | +0.3% |
| Other amounts payable | 47/48 | €5,452 | €12,582 | +€7,130 | +131% |
| Accrued charges and deferred income | 492/3 | €2,673 | €8,374 | +€5,701 | +213% |
| Remuneration, social security and pensions | 62 | €25,036 | €26,253 | +€1,217 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,597 | €18,593 | +€4,997 | +36.7% |
| Other operating charges | 640/8 | €1,433 | €1,080 | -€353 | -24.6% |
| Gross operating margin | 9900 | €54,048 | €49,208 | -€4,841 | -9.0% |
| Operating profit (loss) | 9901 | €13,983 | €3,281 | -€10,701 | -76.5% |
| Financial income | 75/76B | €118 | €197 | +€79 | +67.3% |
| Recurring financial income | 75 | €118 | €197 | +€79 | +67.3% |
| Financial charges | 65/66B | €1,012 | €861 | -€151 | -15.0% |
| Recurring financial charges | 65 | €1,012 | €861 | -€151 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €13,088 | €2,617 | -€10,471 | -80.0% |
| Income taxes | 67/77 | €4,296 | €1,083 | -€3,213 | -74.8% |
| Profit (loss) for the period | 9904 | €8,792 | €1,535 | -€7,258 | -82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,792 | €1,535 | -€7,258 | -82.5% |
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 15 October 2026 via checked.be.