BUREAU KEUL: 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.
BUREAU KEUL
Largest movements
- Receivables within one year +€55,650
up €55,650 (+241%), from €23,065 to €78,715
of which Trade receivables: +€57,369
- Tangible fixed assets -€30,476
down €30,476 (-6.0%), from €508,292 to €477,816
of which Land and buildings: -€26,483
- Current investments -€15,000
down €15,000 (-60.0%), from €25,000 to €10,000
- Reserves +€54,760
up €54,760 (+17.5%), from €312,954 to €367,714
of which Distributable reserves: +€67,819
- Profit (loss) carried forward -€46,873
down €46,873 (-69.1%), from €67,819 to €20,947
- Tax, wage and social debts +€10,818
up €10,818 (+57.8%), from €18,722 to €29,540
of which Taxes: +€10,071
- Provisions -€6,117
down €6,117 (-7.2%), from €84,616 to €78,498
- Gross operating margin -€67,557
down €67,557 (-41.9%), from €161,211 to €93,654
- Taxes -€15,161
down €15,161 (-62.0%), from €24,452 to €9,291
- Depreciation -€9,402
down €9,402 (-23.6%), from €39,877 to €30,476
- Staff costs +€3,231
up €3,231 (+7.0%), from €45,915 to €49,147
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €567,337 | €575,019 | +€7,682 | +1.4% |
| Fixed assets | 21/28 | €508,292 | €477,816 | -€30,476 | -6.0% |
| Tangible fixed assets | 22/27 | €508,292 | €477,816 | -€30,476 | -6.0% |
| Land and buildings | 22 | €483,757 | €457,274 | -€26,483 | -5.5% |
| Plant, machinery and equipment | 23 | €22,544 | €19,541 | -€3,003 | -13.3% |
| Furniture and vehicles | 24 | €1,991 | €1,002 | -€990 | -49.7% |
| Current assets | 29/58 | €59,045 | €97,203 | +€38,158 | +64.6% |
| Amounts receivable within one year | 40/41 | €23,065 | €78,715 | +€55,650 | +241% |
| Trade receivables | 40 | €15,864 | €73,233 | +€57,369 | +362% |
| Other amounts receivable | 41 | €7,201 | €5,482 | -€1,719 | -23.9% |
| Current investments | 50/53 | €25,000 | €10,000 | -€15,000 | -60.0% |
| Cash at bank and in hand | 54/58 | €9,225 | €6,481 | -€2,744 | -29.7% |
| Deferred charges and accrued income | 490/1 | €1,754 | €2,006 | +€252 | +14.4% |
| Total equity and liabilities | 10/49 | €567,337 | €575,019 | +€7,682 | +1.4% |
| Equity | 10/15 | €442,747 | €450,634 | +€7,887 | +1.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €312,954 | €367,714 | +€54,760 | +17.5% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €184,948 | €171,889 | -€13,059 | -7.1% |
| Distributable reserves | 133 | €121,809 | €189,628 | +€67,819 | +55.7% |
| Profit (loss) carried forward | 14 | €67,819 | €20,947 | -€46,873 | -69.1% |
| Provisions and deferred taxes | 16 | €84,616 | €78,498 | -€6,117 | -7.2% |
| Deferred taxes | 168 | €84,616 | €78,498 | -€6,117 | -7.2% |
| Amounts payable | 17/49 | €39,974 | €45,886 | +€5,912 | +14.8% |
| Amounts payable after more than one year | 17 | €2,600 | €2,600 | = | 0.0% |
| Other amounts payable | 178/9 | €2,600 | €2,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €37,257 | €41,738 | +€4,480 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €2,539 | - | -€2,539 | |
| Financial debts | 43 | €1,183 | - | -€1,183 | |
| Credit institutions | 430/8 | €1,183 | - | -€1,183 | |
| Trade debts | 44 | €12,521 | €8,977 | -€3,544 | -28.3% |
| Suppliers | 440/4 | €12,521 | €8,977 | -€3,544 | -28.3% |
| Taxes, remuneration and social security | 45 | €18,722 | €29,540 | +€10,818 | +57.8% |
| Taxes | 450/3 | €6,513 | €16,584 | +€10,071 | +155% |
| Remuneration and social security | 454/9 | €12,210 | €12,956 | +€747 | +6.1% |
| Other amounts payable | 47/48 | €2,292 | €3,220 | +€928 | +40.5% |
| Accrued charges and deferred income | 492/3 | €117 | €1,549 | +€1,432 | +1,227% |
| Remuneration, social security and pensions | 62 | €45,915 | €49,147 | +€3,231 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,877 | €30,476 | -€9,402 | -23.6% |
| Other operating charges | 640/8 | €1,083 | €850 | -€232 | -21.4% |
| Gross operating margin | 9900 | €161,211 | €93,654 | -€67,557 | -41.9% |
| Operating profit (loss) | 9901 | €74,336 | €13,181 | -€61,155 | -82.3% |
| Financial income | 75/76B | €127 | €21 | -€106 | -83.7% |
| Recurring financial income | 75 | €127 | €21 | -€106 | -83.7% |
| Financial charges | 65/66B | €1,369 | €2,141 | +€772 | +56.4% |
| Recurring financial charges | 65 | €1,369 | €2,141 | +€772 | +56.4% |
| Profit (loss) for the period before taxes | 9903 | €73,094 | €11,061 | -€62,034 | -84.9% |
| Transfer from deferred taxes | 780 | €6,117 | €6,117 | = | 0.0% |
| Income taxes | 67/77 | €24,452 | €9,291 | -€15,161 | -62.0% |
| Profit (loss) for the period | 9904 | €54,760 | €7,887 | -€46,873 | -85.6% |
| Transfer from tax-exempt reserves | 789 | €13,059 | €13,059 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,819 | €20,947 | -€46,873 | -69.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.