KEEP GOING: what changed
What changed
KEEP GOING
NACE 96.230, Day spas, saunas and steam baths
filed annual accounts (NBB)
Net result for the year
€280,469
2024 · €10,501+€269,968
Equity
€642,858
2024 · €362,389+€280,469
Cash
€387,959
2024 · -+€387,959
Balance sheet total
€745,799
2024 · €771,615-€25,816
Largest movements
Assets
- Tangible fixed assets -€692,488
down €692,488 (-99.9%), from €692,988 to €500
of which Land and buildings: -€669,127
- Cash +€387,959
new in 2025: €387,959
mainly Investment in fixed assets (net) (+€691,854) and Net result for the year (+€280,469)
- Receivables within one year +€284,113
up €284,113 (+2,829%), from €10,044 to €294,157
of which Other amounts receivable: +€253,097
Equity and liabilities
- Debts after one year -€246,481
no longer reported in 2025 (was €246,481)
- Reserves +€244,714
up €244,714 (+280%), from €87,259 to €331,973
of which Distributable reserves: +€270,000
- Current portion of long-term debt -€50,133
no longer reported in 2025 (was €50,133)
- Other debts -€45,328
down €45,328 (-69.2%), from €65,457 to €20,129
- Profit (loss) carried forward +€35,755
up €35,755, from -€34,737 to €1,018
Income statement
- Gross operating margin +€304,073
up €304,073 (+250%), from €121,545 to €425,618
- Taxes +€136,019
up €136,019 (+6,446%), from €2,110 to €138,129
- Depreciation -€70,091
down €70,091 (-99.1%), from €70,725 to €634
- Staff costs -€28,126
down €28,126 (-99.8%), from €28,170 to €44
- Other operating charges +€6,798
up €6,798 (+94.0%), from €7,232 to €14,030
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€10,501
Gross operating margin
+€304,073
Staff costs
+€28,126
Depreciation
+€70,091
Other operating charges
-€6,798
Financial income
+€2,878
Financial charges
-€498
Taxes
-€136,019
Deferred taxes and other
+€8,115
Result 2025
€280,469
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€3,120
Investment
+€691,854
Financing
-€300,775
Cash 2024
€0
From operations (derived)
-€3,120
Net result for the year
+€280,469
Depreciation
+€634
Receivables within one year
-€284,113
Deferred charges and accrued income
+€5,400
Provisions
-€12,267
Trade debts
+€22,900
Tax, wage and social debts
+€30,176
Smaller working-capital items
-€991
Other debts
-€45,328
Investment (derived)
+€691,854
Investment in fixed assets (net)
+€691,854
Financing
-€300,775
Debts after one year
-€246,481
Current portion of long-term debt
-€50,133
Short-term financial debts
-€4,161
Cash 2025
€387,959
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €771,615 | €745,799 | -€25,816 | -3.3% |
| Fixed assets | 21/28 | €692,988 | €500 | -€692,488 | -99.9% |
| Tangible fixed assets | 22/27 | €692,988 | €500 | -€692,488 | -99.9% |
| Land and buildings | 22 | €669,127 | - | -€669,127 | |
| Plant, machinery and equipment | 23 | €15,246 | - | -€15,246 | |
| Furniture and vehicles | 24 | €8,615 | €500 | -€8,115 | -94.2% |
| Current assets | 29/58 | €78,627 | €745,299 | +€666,672 | +848% |
| Amounts receivable within one year | 40/41 | €10,044 | €294,157 | +€284,113 | +2,829% |
| Trade receivables | 40 | €9,872 | €40,888 | +€31,016 | +314% |
| Other amounts receivable | 41 | €172 | €253,269 | +€253,097 | +147,149% |
| Current investments | 50/53 | €61,973 | €61,973 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €387,959 | +€387,959 | |
| Deferred charges and accrued income | 490/1 | €6,610 | €1,210 | -€5,400 | -81.7% |
| Total equity and liabilities | 10/49 | €771,615 | €745,799 | -€25,816 | -3.3% |
| Equity | 10/15 | €362,389 | €642,858 | +€280,469 | +77.4% |
| Contributions | 10/11 | €309,867 | €309,867 | = | 0.0% |
| Capital | 10 | €309,867 | €309,867 | = | 0.0% |
| Issued capital | 100 | €309,867 | €309,867 | = | 0.0% |
| Reserves | 13 | €87,259 | €331,973 | +€244,714 | +280% |
| Non-distributable reserves | 130/1 | €61,973 | €61,973 | = | 0.0% |
| Own shares acquired | 1312 | €61,973 | €61,973 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,286 | - | -€25,286 | |
| Distributable reserves | 133 | - | €270,000 | +€270,000 | |
| Profit (loss) carried forward | 14 | -€34,737 | €1,018 | +€35,755 | |
| Provisions and deferred taxes | 16 | €12,267 | - | -€12,267 | |
| Deferred taxes | 168 | €12,267 | - | -€12,267 | |
| Amounts payable | 17/49 | €396,959 | €102,941 | -€294,018 | -74.1% |
| Amounts payable after more than one year | 17 | €246,481 | - | -€246,481 | |
| Financial debts | 170/4 | €246,481 | - | -€246,481 | |
| Amounts payable within one year | 42/48 | €142,981 | €95,850 | -€47,131 | -33.0% |
| Current portion of amounts payable after more than one year | 42 | €50,133 | - | -€50,133 | |
| Financial debts | 43 | €4,161 | - | -€4,161 | |
| Credit institutions | 430/8 | €4,161 | - | -€4,161 | |
| Trade debts | 44 | €19,756 | €42,656 | +€22,900 | +116% |
| Suppliers | 440/4 | €19,756 | €42,656 | +€22,900 | +116% |
| Advances received on contracts in progress | 46 | €585 | - | -€585 | |
| Taxes, remuneration and social security | 45 | €2,889 | €33,065 | +€30,176 | +1,045% |
| Taxes | 450/3 | €2,889 | €33,065 | +€30,176 | +1,045% |
| Other amounts payable | 47/48 | €65,457 | €20,129 | -€45,328 | -69.2% |
| Accrued charges and deferred income | 492/3 | €7,497 | €7,091 | -€406 | -5.4% |
| Non-recurring operating income | 76A | - | €1,253 | +€1,253 | |
| Remuneration, social security and pensions | 62 | €28,170 | €44 | -€28,126 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,725 | €634 | -€70,091 | -99.1% |
| Other operating charges | 640/8 | €7,232 | €14,030 | +€6,798 | +94.0% |
| Gross operating margin | 9900 | €121,545 | €425,618 | +€304,073 | +250% |
| Operating profit (loss) | 9901 | €15,418 | €410,910 | +€395,492 | +2,565% |
| Financial income | 75/76B | €206 | €3,084 | +€2,878 | +1,397% |
| Recurring financial income | 75 | €206 | €3,084 | +€2,878 | +1,397% |
| Financial charges | 65/66B | €7,165 | €7,663 | +€498 | +7.0% |
| Recurring financial charges | 65 | €7,165 | €7,663 | +€498 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €8,459 | €406,331 | +€397,872 | +4,704% |
| Transfer from deferred taxes | 780 | €4,152 | €12,267 | +€8,115 | +195% |
| Income taxes | 67/77 | €2,110 | €138,129 | +€136,019 | +6,446% |
| Profit (loss) for the period | 9904 | €10,501 | €280,469 | +€269,968 | +2,571% |
| Transfer from tax-exempt reserves | 789 | €8,429 | €25,286 | +€16,857 | +200% |
| Profit (loss) for the period to be appropriated | 9905 | €18,930 | €305,755 | +€286,825 | +1,515% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.