D&W KEUKENSTUDIO: 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.
D&W KEUKENSTUDIO
Largest movements
- Cash +€11,300
up €11,300 (+21.4%), from €52,913 to €64,213
mainly Net result for the year (+€23,894) and Depreciation (+€10,484)
- Tangible fixed assets +€3,847
up €3,847 (+22.7%), from €16,981 to €20,829
of which Furniture and vehicles: +€6,194
- Receivables within one year -€2,980
down €2,980 (-54.0%), from €5,524 to €2,543
of which Trade receivables: -€2,122
- Reserves +€14,500
up €14,500 (+21.9%), from €66,297 to €80,797
of which Distributable reserves: +€14,500
- Current portion of long-term debt -€3,013
no longer reported in 2025 (was €3,013)
- Tax, wage and social debts +€1,112
up €1,112 (+281%), from €395 to €1,507
- Gross operating margin +€2,351
up €2,351 (+5.3%), from €44,784 to €47,135
- Depreciation -€1,733
down €1,733 (-14.2%), from €12,217 to €10,484
- Taxes +€1,112
up €1,112 (+10.7%), from €10,395 to €11,507
- Other operating charges +€608
up €608 (+182%), from €334 to €942
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 | €76,618 | €88,811 | +€12,193 | +15.9% |
| Fixed assets | 21/28 | €17,731 | €21,579 | +€3,847 | +21.7% |
| Tangible fixed assets | 22/27 | €16,981 | €20,829 | +€3,847 | +22.7% |
| Plant, machinery and equipment | 23 | €10,687 | €8,340 | -€2,347 | -22.0% |
| Furniture and vehicles | 24 | €6,295 | €12,489 | +€6,194 | +98.4% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €58,887 | €67,233 | +€8,345 | +14.2% |
| Amounts receivable within one year | 40/41 | €5,524 | €2,543 | -€2,980 | -54.0% |
| Trade receivables | 40 | €4,125 | €2,003 | -€2,122 | -51.4% |
| Other amounts receivable | 41 | €1,399 | €540 | -€858 | -61.4% |
| Cash at bank and in hand | 54/58 | €52,913 | €64,213 | +€11,300 | +21.4% |
| Deferred charges and accrued income | 490/1 | €450 | €476 | +€26 | +5.8% |
| Total equity and liabilities | 10/49 | €76,618 | €88,811 | +€12,193 | +15.9% |
| Equity | 10/15 | €70,485 | €84,546 | +€14,061 | +19.9% |
| Contributions | 10/11 | €3,592 | €3,592 | = | 0.0% |
| Reserves | 13 | €66,297 | €80,797 | +€14,500 | +21.9% |
| Tax-exempt reserves | 132 | €297 | €297 | = | 0.0% |
| Distributable reserves | 133 | €66,000 | €80,500 | +€14,500 | +22.0% |
| Profit (loss) carried forward | 14 | €596 | €157 | -€439 | -73.6% |
| Amounts payable | 17/49 | €6,133 | €4,265 | -€1,868 | -30.5% |
| Amounts payable within one year | 42/48 | €6,133 | €4,265 | -€1,868 | -30.5% |
| Current portion of amounts payable after more than one year | 42 | €3,013 | - | -€3,013 | |
| Trade debts | 44 | €1,367 | €1,117 | -€250 | -18.3% |
| Suppliers | 440/4 | €1,367 | €1,117 | -€250 | -18.3% |
| Taxes, remuneration and social security | 45 | €395 | €1,507 | +€1,112 | +281% |
| Taxes | 450/3 | €395 | €1,507 | +€1,112 | +281% |
| Other amounts payable | 47/48 | €1,358 | €1,641 | +€283 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,217 | €10,484 | -€1,733 | -14.2% |
| Other operating charges | 640/8 | €334 | €942 | +€608 | +182% |
| Gross operating margin | 9900 | €44,784 | €47,135 | +€2,351 | +5.3% |
| Operating profit (loss) | 9901 | €32,233 | €35,710 | +€3,477 | +10.8% |
| Financial income | 75/76B | €54 | €5 | -€49 | -90.7% |
| Recurring financial income | 75 | €54 | €5 | -€49 | -90.7% |
| Financial charges | 65/66B | €349 | €314 | -€35 | -10.1% |
| Recurring financial charges | 65 | €349 | €314 | -€35 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €31,938 | €35,401 | +€3,463 | +10.8% |
| Income taxes | 67/77 | €10,395 | €11,507 | +€1,112 | +10.7% |
| Profit (loss) for the period | 9904 | €21,543 | €23,894 | +€2,351 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,543 | €23,894 | +€2,351 | +10.9% |
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 1 November 2026 via checked.be.