VAN DEN KEYBUS JORIS: 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 JORIS
Largest movements
- Receivables within one year +€16,853
up €16,853 (+80.9%), from €20,827 to €37,680
of which Other amounts receivable: +€17,509
- Tangible fixed assets -€11,877
down €11,877 (-23.4%), from €50,767 to €38,890
- Cash -€9,667
down €9,667 (-47.5%), from €20,370 to €10,703
mainly Contributions, distributions and other (-€28,451) and Receivables within one year (-€16,853)
- Deferred charges and accrued income +€5,263
up €5,263 (+410%), from €1,285 to €6,548
- Stocks and contracts -€5,220
no longer reported in 2025 (was €5,220)
- Other debts +€27,029
new in 2025: €27,029
- Reserves -€20,125
down €20,125 (-43.8%), from €45,938 to €25,814
of which Distributable reserves: -€20,125
- Debts after one year -€11,931
down €11,931 (-65.9%), from €18,107 to €6,176
- Trade debts -€1,530
down €1,530 (-44.2%), from €3,466 to €1,935
- Tax, wage and social debts +€1,371
up €1,371 (+19.1%), from €7,164 to €8,536
- Depreciation +€5,413
up €5,413 (+83.7%), from €6,464 to €11,877
- Gross operating margin -€3,453
down €3,453 (-12.0%), from €28,667 to €25,215
- Taxes -€887
down €887 (-20.0%), from €4,441 to €3,554
- Other operating charges -€414
down €414 (-75.4%), from €549 to €135
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 | €98,468 | €93,820 | -€4,648 | -4.7% |
| Fixed assets | 21/28 | €50,767 | €38,890 | -€11,877 | -23.4% |
| Tangible fixed assets | 22/27 | €50,767 | €38,890 | -€11,877 | -23.4% |
| Furniture and vehicles | 24 | €50,767 | €38,890 | -€11,877 | -23.4% |
| Current assets | 29/58 | €47,701 | €54,930 | +€7,229 | +15.2% |
| Stocks and contracts in progress | 3 | €5,220 | - | -€5,220 | |
| Contracts in progress | 37 | €5,220 | - | -€5,220 | |
| Amounts receivable within one year | 40/41 | €20,827 | €37,680 | +€16,853 | +80.9% |
| Trade receivables | 40 | €3,260 | €2,604 | -€656 | -20.1% |
| Other amounts receivable | 41 | €17,567 | €35,076 | +€17,509 | +99.7% |
| Cash at bank and in hand | 54/58 | €20,370 | €10,703 | -€9,667 | -47.5% |
| Deferred charges and accrued income | 490/1 | €1,285 | €6,548 | +€5,263 | +410% |
| Total equity and liabilities | 10/49 | €98,468 | €93,820 | -€4,648 | -4.7% |
| Equity | 10/15 | €58,338 | €38,214 | -€20,125 | -34.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €45,938 | €25,814 | -€20,125 | -43.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €44,078 | €23,954 | -€20,125 | -45.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €40,130 | €55,607 | +€15,476 | +38.6% |
| Amounts payable after more than one year | 17 | €18,107 | €6,176 | -€11,931 | -65.9% |
| Financial debts | 170/4 | €18,107 | €6,176 | -€11,931 | -65.9% |
| Amounts payable within one year | 42/48 | €22,023 | €49,431 | +€27,408 | +124% |
| Current portion of amounts payable after more than one year | 42 | €11,393 | €11,931 | +€538 | +4.7% |
| Trade debts | 44 | €3,466 | €1,935 | -€1,530 | -44.2% |
| Suppliers | 440/4 | €3,466 | €1,935 | -€1,530 | -44.2% |
| Taxes, remuneration and social security | 45 | €7,164 | €8,536 | +€1,371 | +19.1% |
| Taxes | 450/3 | €7,164 | €8,536 | +€1,371 | +19.1% |
| Other amounts payable | 47/48 | - | €27,029 | +€27,029 | |
| Non-recurring operating income | 76A | €10,947 | - | -€10,947 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,464 | €11,877 | +€5,413 | +83.7% |
| Other operating charges | 640/8 | €549 | €135 | -€414 | -75.4% |
| Gross operating margin | 9900 | €28,667 | €25,215 | -€3,453 | -12.0% |
| Operating profit (loss) | 9901 | €21,654 | €13,202 | -€8,452 | -39.0% |
| Financial charges | 65/66B | €1,358 | €1,322 | -€36 | -2.7% |
| Recurring financial charges | 65 | €1,358 | €1,322 | -€36 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €20,296 | €11,880 | -€8,416 | -41.5% |
| Income taxes | 67/77 | €4,441 | €3,554 | -€887 | -20.0% |
| Profit (loss) for the period | 9904 | €15,855 | €8,327 | -€7,529 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,855 | €8,327 | -€7,529 | -47.5% |
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 14 October 2026 via checked.be.