LSF KEB MANAGEMENT: 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.
LSF KEB MANAGEMENT
Largest movements
- Receivables within one year -€69,127
down €69,127 (-44.3%), from €155,895 to €86,768
of which Trade receivables: -€68,963
- Cash +€34,462
up €34,462 (+1,481%), from €2,327 to €36,789
mainly Receivables within one year (+€69,127) and Net result for the year (+€10,455)
- Trade debts -€49,524
down €49,524 (-37.9%), from €130,774 to €81,250
- Profit (loss) carried forward +€10,455
up €10,455 (+125%), from €8,343 to €18,798
- Tax, wage and social debts +€4,404
up €4,404 (+818%), from €538 to €4,942
- Turnover +€620,365
up €620,365 (+835%), from €74,319 to €694,684
- Services and other goods +€607,750
up €607,750 (+845%), from €71,893 to €679,642
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 | €158,545 | €123,880 | -€34,665 | -21.9% |
| Fixed assets | 21/28 | €323 | €323 | = | 0.0% |
| Financial fixed assets | 28 | €323 | €323 | = | 0.0% |
| Affiliated companies | 280/1 | €323 | €323 | = | 0.0% |
| Participating interests | 280 | €323 | €323 | = | 0.0% |
| Current assets | 29/58 | €158,222 | €123,557 | -€34,665 | -21.9% |
| Amounts receivable within one year | 40/41 | €155,895 | €86,768 | -€69,127 | -44.3% |
| Trade receivables | 40 | €155,731 | €86,768 | -€68,963 | -44.3% |
| Other amounts receivable | 41 | €164 | - | -€164 | |
| Cash at bank and in hand | 54/58 | €2,327 | €36,789 | +€34,462 | +1,481% |
| Total equity and liabilities | 10/49 | €158,545 | €123,880 | -€34,665 | -21.9% |
| Equity | 10/15 | €27,234 | €37,688 | +€10,455 | +38.4% |
| Contributions | 10/11 | €18,891 | €18,891 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,343 | €18,798 | +€10,455 | +125% |
| Amounts payable | 17/49 | €131,312 | €86,192 | -€45,120 | -34.4% |
| Amounts payable within one year | 42/48 | €131,312 | €86,192 | -€45,120 | -34.4% |
| Trade debts | 44 | €130,774 | €81,250 | -€49,524 | -37.9% |
| Suppliers | 440/4 | €130,774 | €81,250 | -€49,524 | -37.9% |
| Taxes, remuneration and social security | 45 | €538 | €4,942 | +€4,404 | +818% |
| Taxes | 450/3 | €538 | €4,942 | +€4,404 | +818% |
| Operating income | 70/76A | €74,319 | €694,684 | +€620,365 | +835% |
| Turnover | 70 | €74,319 | €694,684 | +€620,365 | +835% |
| Operating charges | 60/66A | €72,330 | €680,042 | +€607,712 | +840% |
| Services and other goods | 61 | €71,893 | €679,642 | +€607,750 | +845% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €50 | - | -€50 | |
| Operating profit (loss) | 9901 | €1,989 | €14,642 | +€12,653 | +636% |
| Financial income | 75/76B | €177 | €74 | -€103 | -58.1% |
| Recurring financial income | 75 | €177 | €74 | -€103 | -58.1% |
| Income from current assets | 751 | €177 | €74 | -€103 | -58.1% |
| Financial charges | 65/66B | €1 | €348 | +€347 | +24,956% |
| Recurring financial charges | 65 | €1 | €348 | +€347 | +24,956% |
| Other financial charges | 652/9 | €1 | €348 | +€347 | +24,956% |
| Profit (loss) for the period before taxes | 9903 | €2,165 | €14,368 | +€12,204 | +564% |
| Income taxes | 67/77 | €586 | €3,913 | +€3,328 | +568% |
| Taxes | 670/3 | €586 | €3,913 | +€3,328 | +568% |
| Profit (loss) for the period | 9904 | €1,579 | €10,455 | +€8,876 | +562% |
| Profit (loss) for the period to be appropriated | 9905 | €1,579 | €10,455 | +€8,876 | +562% |
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 20 October 2026 via checked.be.