VAN DEN KEYBUS CARL: 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.
VAN DEN KEYBUS CARL
Largest movements
- Tangible fixed assets -€23,521
down €23,521 (-87.0%), from €27,047 to €3,526
of which Furniture and vehicles: -€22,442
- Cash +€5,984
up €5,984 (+7.7%), from €78,174 to €84,158
mainly Net result for the year (+€30,853) and Depreciation (+€23,521)
- Profit (loss) carried forward +€29,950
up €29,950, from -€29,950 to €0
- Reserves -€19,472
down €19,472 (-18.9%), from €103,059 to €83,587
of which Distributable reserves: -€19,472
- Trade debts -€11,865
down €11,865 (-79.1%), from €14,997 to €3,132
- Current portion of long-term debt -€9,757
down €9,757 (-58.0%), from €16,828 to €7,071
- Debts after one year -€5,654
no longer reported in 2025 (was €5,654)
- Gross operating margin +€42,610
up €42,610 (+247%), from €17,241 to €59,851
- Taxes +€2,905
up €2,905 (+2,059%), from €141 to €3,047
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 | €124,185 | €106,549 | -€17,636 | -14.2% |
| Fixed assets | 21/28 | €28,267 | €4,746 | -€23,521 | -83.2% |
| Tangible fixed assets | 22/27 | €27,047 | €3,526 | -€23,521 | -87.0% |
| Plant, machinery and equipment | 23 | €3,057 | €1,978 | -€1,079 | -35.3% |
| Furniture and vehicles | 24 | €23,990 | €1,547 | -€22,442 | -93.5% |
| Financial fixed assets | 28 | €1,220 | €1,220 | = | 0.0% |
| Current assets | 29/58 | €95,918 | €101,804 | +€5,885 | +6.1% |
| Amounts receivable within one year | 40/41 | €17,745 | €17,646 | -€99 | -0.6% |
| Trade receivables | 40 | €14,100 | €12,253 | -€1,846 | -13.1% |
| Other amounts receivable | 41 | €3,645 | €5,393 | +€1,747 | +47.9% |
| Cash at bank and in hand | 54/58 | €78,174 | €84,158 | +€5,984 | +7.7% |
| Total equity and liabilities | 10/49 | €124,185 | €106,549 | -€17,636 | -14.2% |
| Equity | 10/15 | €85,764 | €96,241 | +€10,478 | +12.2% |
| Contributions | 10/11 | €12,654 | €12,654 | = | 0.0% |
| Reserves | 13 | €103,059 | €83,587 | -€19,472 | -18.9% |
| Tax-exempt reserves | 132 | €33,500 | €33,500 | = | 0.0% |
| Distributable reserves | 133 | €69,559 | €50,087 | -€19,472 | -28.0% |
| Profit (loss) carried forward | 14 | -€29,950 | €0 | +€29,950 | |
| Amounts payable | 17/49 | €38,421 | €10,308 | -€28,114 | -73.2% |
| Amounts payable after more than one year | 17 | €5,654 | - | -€5,654 | |
| Financial debts | 170/4 | €5,654 | - | -€5,654 | |
| Amounts payable within one year | 42/48 | €32,768 | €10,308 | -€22,460 | -68.5% |
| Current portion of amounts payable after more than one year | 42 | €16,828 | €7,071 | -€9,757 | -58.0% |
| Trade debts | 44 | €14,997 | €3,132 | -€11,865 | -79.1% |
| Suppliers | 440/4 | €14,997 | €3,132 | -€11,865 | -79.1% |
| Taxes, remuneration and social security | 45 | €180 | €105 | -€75 | -41.5% |
| Taxes | 450/3 | €180 | €105 | -€75 | -41.5% |
| Other amounts payable | 47/48 | €763 | - | -€763 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,073 | €23,521 | -€552 | -2.3% |
| Other operating charges | 640/8 | €2,488 | €2,293 | -€195 | -7.8% |
| Gross operating margin | 9900 | €17,241 | €59,851 | +€42,610 | +247% |
| Operating profit (loss) | 9901 | -€9,319 | €34,037 | +€43,357 | |
| Financial income | 75/76B | €224 | €470 | +€246 | +110% |
| Recurring financial income | 75 | €224 | €470 | +€246 | +110% |
| Financial charges | 65/66B | €802 | €607 | -€195 | -24.3% |
| Recurring financial charges | 65 | €802 | €607 | -€195 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,898 | €33,900 | +€43,797 | |
| Income taxes | 67/77 | €141 | €3,047 | +€2,905 | +2,059% |
| Profit (loss) for the period | 9904 | -€10,039 | €30,853 | +€40,892 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,039 | €30,853 | +€40,892 |
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 22 October 2026 via checked.be.