Bouwonderneming Keulers: what changed
Bouwonderneming Keulers
Largest movements
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Receivables within one year +€114,504
up €114,504 (+443%), from €25,868 to €140,371
of which Other amounts receivable: +€115,078
- Cash +€59,124
up €59,124 (+92.1%), from €64,171 to €123,295
mainly Current investments (+€150,000) and Net result for the year (+€19,479)
- Tangible fixed assets -€3,854
down €3,854 (-51.9%), from €7,428 to €3,574
- Reserves +€17,813
up €17,813 (+10.2%), from €175,423 to €193,236
of which Distributable reserves: +€17,813
- Gross operating margin +€5,156
up €5,156 (+19.8%), from €26,071 to €31,227
- Financial income -€1,364
down €1,364 (-41.4%), from €3,299 to €1,934
- Taxes +€1,320
up €1,320 (+17.2%), from €7,659 to €8,979
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €247,467 | €267,240 | +€19,774 | +8.0% |
| Fixed assets | 21/28 | €7,428 | €3,574 | -€3,854 | -51.9% |
| Tangible fixed assets | 22/27 | €7,428 | €3,574 | -€3,854 | -51.9% |
| Furniture and vehicles | 24 | €7,428 | €3,574 | -€3,854 | -51.9% |
| Current assets | 29/58 | €240,039 | €263,667 | +€23,628 | +9.8% |
| Amounts receivable within one year | 40/41 | €25,868 | €140,371 | +€114,504 | +443% |
| Trade receivables | 40 | €575 | - | -€575 | |
| Other amounts receivable | 41 | €25,293 | €140,371 | +€115,078 | +455% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €64,171 | €123,295 | +€59,124 | +92.1% |
| Total equity and liabilities | 10/49 | €247,467 | €267,240 | +€19,774 | +8.0% |
| Equity | 10/15 | €244,313 | €262,126 | +€17,813 | +7.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €175,423 | €193,236 | +€17,813 | +10.2% |
| Tax-exempt reserves | 132 | €287 | €287 | = | 0.0% |
| Distributable reserves | 133 | €175,135 | €192,948 | +€17,813 | +10.2% |
| Profit (loss) carried forward | 14 | €50,340 | €50,340 | = | 0.0% |
| Amounts payable | 17/49 | €3,153 | €5,114 | +€1,961 | +62.2% |
| Amounts payable within one year | 42/48 | €3,153 | €5,114 | +€1,961 | +62.2% |
| Trade debts | 44 | - | €69 | +€69 | |
| Suppliers | 440/4 | - | €69 | +€69 | |
| Taxes, remuneration and social security | 45 | €480 | - | -€480 | |
| Taxes | 450/3 | €480 | - | -€480 | |
| Other amounts payable | 47/48 | €2,673 | €5,045 | +€2,372 | +88.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,069 | €3,854 | -€215 | -5.3% |
| Other operating charges | 640/8 | €759 | €752 | -€7 | -0.9% |
| Gross operating margin | 9900 | €26,071 | €31,227 | +€5,156 | +19.8% |
| Operating profit (loss) | 9901 | €21,242 | €26,620 | +€5,378 | +25.3% |
| Financial income | 75/76B | €3,299 | €1,934 | -€1,364 | -41.4% |
| Recurring financial income | 75 | €3,299 | €1,934 | -€1,364 | -41.4% |
| Financial charges | 65/66B | €106 | €97 | -€9 | -8.5% |
| Recurring financial charges | 65 | €106 | €97 | -€9 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €24,435 | €28,458 | +€4,023 | +16.5% |
| Income taxes | 67/77 | €7,659 | €8,979 | +€1,320 | +17.2% |
| Profit (loss) for the period | 9904 | €16,777 | €19,479 | +€2,702 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,777 | €19,479 | +€2,702 | +16.1% |
Next steps
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 4 November 2026 via checked.be.