KeZa Beheer: 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.
KeZa Beheer
Largest movements
- Receivables within one year +€12,868
up €12,868 (+35.0%), from €36,765 to €49,633
- Cash +€1,333
up €1,333 (+16.9%), from €7,908 to €9,242
mainly Net result for the year (+€7,171) and Tax, wage and social debts (+€6,454)
- Tangible fixed assets -€876
down €876 (-26.7%), from €3,281 to €2,405
- Reserves +€7,171
up €7,171 (+20.5%), from €34,983 to €42,154
- Tax, wage and social debts +€6,454
up €6,454 (+32.5%), from €19,850 to €26,304
of which Remuneration and social security: +€10,600
- Gross operating margin -€2,881
down €2,881 (-21.5%), from €13,408 to €10,527
- Taxes -€449
down €449 (-18.7%), from €2,407 to €1,958
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 | €58,434 | €72,065 | +€13,631 | +23.3% |
| Fixed assets | 21/28 | €3,281 | €2,405 | -€876 | -26.7% |
| Tangible fixed assets | 22/27 | €3,281 | €2,405 | -€876 | -26.7% |
| Other tangible fixed assets | 26 | €3,281 | €2,405 | -€876 | -26.7% |
| Current assets | 29/58 | €55,154 | €69,661 | +€14,507 | +26.3% |
| Amounts receivable after more than one year | 29 | €10,480 | €10,786 | +€306 | +2.9% |
| Other amounts receivable | 291 | €10,480 | €10,786 | +€306 | +2.9% |
| Amounts receivable within one year | 40/41 | €36,765 | €49,633 | +€12,868 | +35.0% |
| Trade receivables | 40 | €36,765 | €49,633 | +€12,868 | +35.0% |
| Cash at bank and in hand | 54/58 | €7,908 | €9,242 | +€1,333 | +16.9% |
| Total equity and liabilities | 10/49 | €58,434 | €72,065 | +€13,631 | +23.3% |
| Equity | 10/15 | €37,983 | €45,154 | +€7,171 | +18.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €34,983 | €42,154 | +€7,171 | +20.5% |
| Distributable reserves | 133 | €34,983 | €42,154 | +€7,171 | +20.5% |
| Amounts payable | 17/49 | €20,451 | €26,912 | +€6,460 | +31.6% |
| Amounts payable within one year | 42/48 | €19,850 | €26,304 | +€6,454 | +32.5% |
| Taxes, remuneration and social security | 45 | €19,850 | €26,304 | +€6,454 | +32.5% |
| Taxes | 450/3 | €17,200 | €13,054 | -€4,146 | -24.1% |
| Remuneration and social security | 454/9 | €2,650 | €13,250 | +€10,600 | +400% |
| Accrued charges and deferred income | 492/3 | €601 | €608 | +€7 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €876 | €876 | = | 0.0% |
| Other operating charges | 640/8 | €569 | €675 | +€106 | +18.7% |
| Gross operating margin | 9900 | €13,408 | €10,527 | -€2,881 | -21.5% |
| Operating profit (loss) | 9901 | €11,963 | €8,975 | -€2,987 | -25.0% |
| Financial income | 75/76B | €349 | €367 | +€18 | +5.1% |
| Recurring financial income | 75 | €349 | €367 | +€18 | +5.1% |
| Financial charges | 65/66B | €118 | €214 | +€96 | +81.3% |
| Recurring financial charges | 65 | €118 | €214 | +€96 | +81.3% |
| Profit (loss) for the period before taxes | 9903 | €12,194 | €9,129 | -€3,065 | -25.1% |
| Income taxes | 67/77 | €2,407 | €1,958 | -€449 | -18.7% |
| Profit (loss) for the period | 9904 | €9,787 | €7,171 | -€2,616 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,787 | €7,171 | -€2,616 | -26.7% |
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 22 October 2026 via checked.be.