TOITURES DE KEYSER-S: 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.
TOITURES DE KEYSER-S
Largest movements
- Cash +€6,081
up €6,081 (+59.8%), from €10,169 to €16,250
mainly Depreciation (+€6,790) and Net result for the year (+€6,292)
- Tangible fixed assets -€5,587
down €5,587 (-38.4%), from €14,544 to €8,957
of which Furniture and vehicles: -€4,009
- Receivables within one year -€3,022
down €3,022 (-48.4%), from €6,250 to €3,228
of which Trade receivables: -€2,120
- Deferred charges and accrued income +€742
new in 2025: €742
- Formation expenses -€465
down €465 (-58.5%), from €795 to €330
- Reserves +€6,292
up €6,292 (+96.7%), from €6,509 to €12,801
- Trade debts -€6,178
down €6,178 (-82.0%), from €7,537 to €1,359
- Current portion of long-term debt -€1,885
down €1,885 (-75.4%), from €2,500 to €616
- Tax, wage and social debts +€1,316
up €1,316 (+45.2%), from €2,913 to €4,229
- Other debts -€1,092
no longer reported in 2025 (was €1,092)
- Gross operating margin -€4,834
down €4,834 (-22.7%), from €21,339 to €16,505
- Financial charges -€2,285
down €2,285 (-87.5%), from €2,610 to €325
of which Financial charges: -€1,180
- Depreciation -€1,284
down €1,284 (-15.9%), from €8,073 to €6,790
- Taxes -€738
down €738 (-24.1%), from €3,067 to €2,329
- Other operating charges -€290
down €290 (-26.8%), from €1,081 to €791
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 | €31,758 | €29,507 | -€2,251 | -7.1% |
| Formation expenses | 20 | €795 | €330 | -€465 | -58.5% |
| Fixed assets | 21/28 | €14,544 | €8,957 | -€5,587 | -38.4% |
| Tangible fixed assets | 22/27 | €14,544 | €8,957 | -€5,587 | -38.4% |
| Plant, machinery and equipment | 23 | €7,223 | €5,645 | -€1,578 | -21.8% |
| Furniture and vehicles | 24 | €7,321 | €3,312 | -€4,009 | -54.8% |
| Current assets | 29/58 | €16,419 | €20,220 | +€3,801 | +23.1% |
| Amounts receivable within one year | 40/41 | €6,250 | €3,228 | -€3,022 | -48.4% |
| Trade receivables | 40 | €2,120 | - | -€2,120 | |
| Other amounts receivable | 41 | €4,130 | €3,228 | -€902 | -21.8% |
| Cash at bank and in hand | 54/58 | €10,169 | €16,250 | +€6,081 | +59.8% |
| Deferred charges and accrued income | 490/1 | - | €742 | +€742 | |
| Total equity and liabilities | 10/49 | €31,758 | €29,507 | -€2,251 | -7.1% |
| Equity | 10/15 | €17,011 | €23,303 | +€6,292 | +37.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,509 | €12,801 | +€6,292 | +96.7% |
| Distributable reserves | 133 | €6,509 | €12,801 | +€6,292 | +96.7% |
| Profit (loss) carried forward | 14 | €5,502 | €5,502 | = | 0.0% |
| Amounts payable | 17/49 | €14,747 | €6,204 | -€8,543 | -57.9% |
| Amounts payable after more than one year | 17 | €704 | - | -€704 | |
| Financial debts | 170/4 | €704 | - | -€704 | |
| Amounts payable within one year | 42/48 | €14,043 | €6,204 | -€7,839 | -55.8% |
| Current portion of amounts payable after more than one year | 42 | €2,500 | €616 | -€1,885 | -75.4% |
| Trade debts | 44 | €7,537 | €1,359 | -€6,178 | -82.0% |
| Suppliers | 440/4 | €7,537 | €1,359 | -€6,178 | -82.0% |
| Taxes, remuneration and social security | 45 | €2,913 | €4,229 | +€1,316 | +45.2% |
| Taxes | 450/3 | €2,913 | €4,229 | +€1,316 | +45.2% |
| Other amounts payable | 47/48 | €1,092 | - | -€1,092 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,073 | €6,790 | -€1,284 | -15.9% |
| Other operating charges | 640/8 | €1,081 | €791 | -€290 | -26.8% |
| Gross operating margin | 9900 | €21,339 | €16,505 | -€4,834 | -22.7% |
| Operating profit (loss) | 9901 | €12,186 | €8,925 | -€3,261 | -26.8% |
| Financial income | 75/76B | €0 | €22 | +€22 | +5,400% |
| Recurring financial income | 75 | €0 | €22 | +€22 | +5,400% |
| Financial charges | 65/66B | €2,610 | €325 | -€2,285 | -87.5% |
| Recurring financial charges | 65 | €1,505 | €325 | -€1,180 | -78.4% |
| Non-recurring financial charges | 66B | €1,105 | - | -€1,105 | |
| Profit (loss) for the period before taxes | 9903 | €9,576 | €8,621 | -€955 | -10.0% |
| Income taxes | 67/77 | €3,067 | €2,329 | -€738 | -24.1% |
| Profit (loss) for the period | 9904 | €6,509 | €6,292 | -€217 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,509 | €6,292 | -€217 | -3.3% |
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 30 October 2026 via checked.be.