KEYVER: 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.
KEYVER
Largest movements
- Tangible fixed assets -€40,882
down €40,882 (-10.1%), from €405,340 to €364,458
of which Land and buildings: -€35,436
- Receivables within one year +€8,486
up €8,486 (+9.6%), from €88,138 to €96,624
of which Trade receivables: +€6,004
- Debts after one year -€50,590
down €50,590 (-34.3%), from €147,666 to €97,076
- Profit (loss) carried forward +€23,418
up €23,418 (+99.2%), from €23,605 to €47,023
- Current portion of long-term debt -€11,786
down €11,786 (-16.4%), from €72,023 to €60,237
- Tax, wage and social debts +€6,662
up €6,662 (+13.8%), from €48,126 to €54,788
of which Taxes: +€6,364
- Taxes -€4,051
down €4,051 (-26.2%), from €15,471 to €11,419
- Gross operating margin -€3,511
down €3,511 (-2.4%), from €148,456 to €144,945
- Financial charges -€2,685
down €2,685 (-18.7%), from €14,355 to €11,670
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 | €568,167 | €536,273 | -€31,894 | -5.6% |
| Fixed assets | 21/28 | €406,390 | €365,508 | -€40,882 | -10.1% |
| Tangible fixed assets | 22/27 | €405,340 | €364,458 | -€40,882 | -10.1% |
| Land and buildings | 22 | €388,842 | €353,406 | -€35,436 | -9.1% |
| Plant, machinery and equipment | 23 | €515 | - | -€515 | |
| Furniture and vehicles | 24 | €15,983 | €11,052 | -€4,931 | -30.9% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €161,777 | €170,765 | +€8,988 | +5.6% |
| Stocks and contracts in progress | 3 | €67,777 | €66,087 | -€1,691 | -2.5% |
| Stocks | 30/36 | €67,777 | €66,087 | -€1,691 | -2.5% |
| Amounts receivable within one year | 40/41 | €88,138 | €96,624 | +€8,486 | +9.6% |
| Trade receivables | 40 | €19,915 | €25,919 | +€6,004 | +30.1% |
| Other amounts receivable | 41 | €68,223 | €70,705 | +€2,482 | +3.6% |
| Cash at bank and in hand | 54/58 | €5,862 | €8,054 | +€2,193 | +37.4% |
| Total equity and liabilities | 10/49 | €568,167 | €536,273 | -€31,894 | -5.6% |
| Equity | 10/15 | €185,605 | €209,023 | +€23,418 | +12.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Capital | 10 | €25,000 | €25,000 | = | 0.0% |
| Issued capital | 100 | €25,000 | €25,000 | = | 0.0% |
| Revaluation surpluses | 12 | €137,000 | €137,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,605 | €47,023 | +€23,418 | +99.2% |
| Provisions and deferred taxes | 16 | - | €1,218 | +€1,218 | |
| Provisions for liabilities and charges | 160/5 | - | €1,218 | +€1,218 | |
| Other liabilities and charges | 164/5 | - | €1,218 | +€1,218 | |
| Amounts payable | 17/49 | €382,562 | €326,032 | -€56,530 | -14.8% |
| Amounts payable after more than one year | 17 | €147,666 | €97,076 | -€50,590 | -34.3% |
| Financial debts | 170/4 | €147,666 | €97,076 | -€50,590 | -34.3% |
| Amounts payable within one year | 42/48 | €234,896 | €228,956 | -€5,940 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €72,023 | €60,237 | -€11,786 | -16.4% |
| Trade debts | 44 | €112,684 | €113,931 | +€1,247 | +1.1% |
| Suppliers | 440/4 | €112,684 | €113,931 | +€1,247 | +1.1% |
| Taxes, remuneration and social security | 45 | €48,126 | €54,788 | +€6,662 | +13.8% |
| Taxes | 450/3 | €39,406 | €45,770 | +€6,364 | +16.1% |
| Remuneration and social security | 454/9 | €8,720 | €9,018 | +€298 | +3.4% |
| Other amounts payable | 47/48 | €2,063 | - | -€2,063 | |
| Remuneration, social security and pensions | 62 | €51,386 | €52,024 | +€638 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,167 | €40,882 | -€285 | -0.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €1,218 | +€1,218 | |
| Other operating charges | 640/8 | €4,679 | €5,093 | +€414 | +8.8% |
| Gross operating margin | 9900 | €148,456 | €144,945 | -€3,511 | -2.4% |
| Operating profit (loss) | 9901 | €51,224 | €45,728 | -€5,496 | -10.7% |
| Financial income | 75/76B | €36 | €779 | +€744 | +2,084% |
| Recurring financial income | 75 | €36 | €779 | +€744 | +2,084% |
| Financial charges | 65/66B | €14,355 | €11,670 | -€2,685 | -18.7% |
| Recurring financial charges | 65 | €14,355 | €11,670 | -€2,685 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €36,905 | €34,837 | -€2,068 | -5.6% |
| Income taxes | 67/77 | €15,471 | €11,419 | -€4,051 | -26.2% |
| Profit (loss) for the period | 9904 | €21,435 | €23,418 | +€1,983 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,435 | €23,418 | +€1,983 | +9.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.