AELBRECHT KEUKENS: 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.
AELBRECHT KEUKENS
Largest movements
- Cash +€148,569
up €148,569 (+104%), from €142,801 to €291,370
- Stocks and contracts +€29,455
up €29,455 (+206%), from €14,326 to €43,781
- Receivables within one year -€17,630
down €17,630 (-23.6%), from €74,696 to €57,065
of which Trade receivables: -€31,316
- Tangible fixed assets -€13,278
down €13,278 (-28.9%), from €46,003 to €32,725
of which Furniture and vehicles: -€16,429
- Deferred charges and accrued income -€9,335
down €9,335 (-72.0%), from €12,960 to €3,626
- Reserves +€112,684
up €112,684 (+6,058%), from €1,860 to €114,544
of which Distributable reserves: +€112,684
- Advances received +€78,442
up €78,442 (+76.7%), from €102,307 to €180,749
- Trade debts -€73,782
down €73,782 (-78.4%), from €94,081 to €20,299
- Profit (loss) carried forward +€26,017
up €26,017, from -€26,017 to €0
- Tax, wage and social debts -€10,949
down €10,949 (-28.6%), from €38,331 to €27,382
of which Remuneration and social security: -€19,190
- Gross operating margin +€267,064
up €267,064 (+146%), from €183,206 to €450,271
- Staff costs +€64,941
up €64,941 (+49.4%), from €131,568 to €196,509
- Taxes +€55,690
up €55,690 (+640%), from €8,702 to €64,392
- Depreciation +€15,918
up €15,918 (+207%), from €7,702 to €23,620
- Financial charges +€13,989
up €13,989 (+155%), from €9,004 to €22,993
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €291,515 | €428,566 | +€137,051 | +47.0% |
| Fixed assets | 21/28 | €46,732 | €32,725 | -€14,007 | -30.0% |
| Intangible fixed assets | 21 | €729 | €0 | -€729 | -100% |
| Tangible fixed assets | 22/27 | €46,003 | €32,725 | -€13,278 | -28.9% |
| Plant, machinery and equipment | 23 | €9,863 | €9,501 | -€362 | -3.7% |
| Furniture and vehicles | 24 | €35,733 | €19,305 | -€16,429 | -46.0% |
| Other tangible fixed assets | 26 | €407 | €3,919 | +€3,512 | +863% |
| Current assets | 29/58 | €244,783 | €395,841 | +€151,059 | +61.7% |
| Stocks and contracts in progress | 3 | €14,326 | €43,781 | +€29,455 | +206% |
| Stocks | 30/36 | €14,326 | €43,781 | +€29,455 | +206% |
| Amounts receivable within one year | 40/41 | €74,696 | €57,065 | -€17,630 | -23.6% |
| Trade receivables | 40 | €71,223 | €39,907 | -€31,316 | -44.0% |
| Other amounts receivable | 41 | €3,472 | €17,158 | +€13,686 | +394% |
| Cash at bank and in hand | 54/58 | €142,801 | €291,370 | +€148,569 | +104% |
| Deferred charges and accrued income | 490/1 | €12,960 | €3,626 | -€9,335 | -72.0% |
| Total equity and liabilities | 10/49 | €291,515 | €428,566 | +€137,051 | +47.0% |
| Equity | 10/15 | €44,443 | €183,144 | +€138,701 | +312% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €114,544 | +€112,684 | +6,058% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €114,544 | +€112,684 | +6,058% |
| Profit (loss) carried forward | 14 | -€26,017 | €0 | +€26,017 | |
| Amounts payable | 17/49 | €247,072 | €245,422 | -€1,650 | -0.7% |
| Amounts payable after more than one year | 17 | €0 | €9,945 | +€9,945 | |
| Financial debts | 170/4 | €0 | €9,945 | +€9,945 | |
| Amounts payable within one year | 42/48 | €247,072 | €235,477 | -€11,596 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €1,709 | €7,047 | +€5,337 | +312% |
| Financial debts | 43 | €134 | €0 | -€134 | -100% |
| Credit institutions | 430/8 | €134 | €0 | -€134 | -100% |
| Trade debts | 44 | €94,081 | €20,299 | -€73,782 | -78.4% |
| Suppliers | 440/4 | €94,081 | €20,299 | -€73,782 | -78.4% |
| Advances received on contracts in progress | 46 | €102,307 | €180,749 | +€78,442 | +76.7% |
| Taxes, remuneration and social security | 45 | €38,331 | €27,382 | -€10,949 | -28.6% |
| Taxes | 450/3 | €10,659 | €18,900 | +€8,241 | +77.3% |
| Remuneration and social security | 454/9 | €27,672 | €8,482 | -€19,190 | -69.3% |
| Other amounts payable | 47/48 | €10,510 | €0 | -€10,510 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €131,568 | €196,509 | +€64,941 | +49.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,702 | €23,620 | +€15,918 | +207% |
| Other operating charges | 640/8 | €6,333 | €8,325 | +€1,991 | +31.4% |
| Non-recurring operating charges | 66A | - | €637 | +€637 | |
| Gross operating margin | 9900 | €183,206 | €450,271 | +€267,064 | +146% |
| Operating profit (loss) | 9901 | €37,603 | €221,180 | +€183,578 | +488% |
| Financial income | 75/76B | €0 | €4,906 | +€4,906 | |
| Recurring financial income | 75 | €0 | €4,906 | +€4,906 | |
| Financial charges | 65/66B | €9,004 | €22,993 | +€13,989 | +155% |
| Recurring financial charges | 65 | €9,004 | €22,993 | +€13,989 | +155% |
| Profit (loss) for the period before taxes | 9903 | €28,599 | €203,093 | +€174,494 | +610% |
| Income taxes | 67/77 | €8,702 | €64,392 | +€55,690 | +640% |
| Profit (loss) for the period | 9904 | €19,897 | €138,701 | +€118,805 | +597% |
| Profit (loss) for the period to be appropriated | 9905 | €19,897 | €138,701 | +€118,805 | +597% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.