DE KEGEL CONSULT: what changed
DE KEGEL CONSULT
Largest movements
- Receivables within one year +€55,265
up €55,265 (+67.7%), from €81,585 to €136,850
of which Trade receivables: +€95,138
- Cash +€7,965
up €7,965 (+63,368%), from €13 to €7,978
mainly Contributions, distributions and other (+€41,607) and Net result for the year (+€22,620)
- Reserves +€56,305
up €56,305 (+32.3%), from €174,249 to €230,554
of which Distributable reserves: +€56,305
- Tax, wage and social debts +€17,836
up €17,836 (+29.1%), from €61,345 to €79,181
of which Taxes: +€10,086
- Trade debts -€15,290
down €15,290 (-68.4%), from €22,346 to €7,056
- Other debts -€8,054
down €8,054 (-64.5%), from €12,481 to €4,427
- Profit (loss) carried forward +€7,921
no longer reported in 2025 (was -€7,921)
- Gross operating margin +€35,341
up €35,341, from -€1,497 to €33,843
- Taxes +€4,172
up €4,172 (+2,019%), from €207 to €4,379
- Financial charges +€713
up €713 (+19.6%), from €3,639 to €4,352
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 | €312,556 | €374,485 | +€61,930 | +19.8% |
| Fixed assets | 21/28 | €230,958 | €229,657 | -€1,300 | -0.6% |
| Tangible fixed assets | 22/27 | €1,671 | €371 | -€1,300 | -77.8% |
| Furniture and vehicles | 24 | €1,671 | €371 | -€1,300 | -77.8% |
| Financial fixed assets | 28 | €229,287 | €229,287 | = | 0.0% |
| Current assets | 29/58 | €81,598 | €144,828 | +€63,230 | +77.5% |
| Amounts receivable within one year | 40/41 | €81,585 | €136,850 | +€55,265 | +67.7% |
| Trade receivables | 40 | €32,997 | €128,135 | +€95,138 | +288% |
| Other amounts receivable | 41 | €48,588 | €8,715 | -€39,873 | -82.1% |
| Cash at bank and in hand | 54/58 | €13 | €7,978 | +€7,965 | +63,368% |
| Total equity and liabilities | 10/49 | €312,556 | €374,485 | +€61,930 | +19.8% |
| Equity | 10/15 | €191,328 | €255,554 | +€64,227 | +33.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €174,249 | €230,554 | +€56,305 | +32.3% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €171,749 | €228,054 | +€56,305 | +32.8% |
| Profit (loss) carried forward | 14 | -€7,921 | - | +€7,921 | |
| Amounts payable | 17/49 | €121,228 | €118,931 | -€2,297 | -1.9% |
| Amounts payable after more than one year | 17 | €8,267 | €12,530 | +€4,263 | +51.6% |
| Financial debts | 170/4 | €8,267 | €12,530 | +€4,263 | +51.6% |
| Amounts payable within one year | 42/48 | €112,961 | €106,401 | -€6,560 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €16,789 | €15,737 | -€1,052 | -6.3% |
| Trade debts | 44 | €22,346 | €7,056 | -€15,290 | -68.4% |
| Suppliers | 440/4 | €22,346 | €7,056 | -€15,290 | -68.4% |
| Taxes, remuneration and social security | 45 | €61,345 | €79,181 | +€17,836 | +29.1% |
| Taxes | 450/3 | €18,845 | €28,931 | +€10,086 | +53.5% |
| Remuneration and social security | 454/9 | €42,500 | €50,250 | +€7,750 | +18.2% |
| Other amounts payable | 47/48 | €12,481 | €4,427 | -€8,054 | -64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,300 | €1,300 | = | 0.0% |
| Other operating charges | 640/8 | €1,278 | €1,193 | -€85 | -6.7% |
| Gross operating margin | 9900 | -€1,497 | €33,843 | +€35,341 | |
| Operating profit (loss) | 9901 | -€4,076 | €31,350 | +€35,426 | |
| Financial charges | 65/66B | €3,639 | €4,352 | +€713 | +19.6% |
| Recurring financial charges | 65 | €3,639 | €4,352 | +€713 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,715 | €26,999 | +€34,713 | |
| Income taxes | 67/77 | €207 | €4,379 | +€4,172 | +2,019% |
| Profit (loss) for the period | 9904 | -€7,921 | €22,620 | +€30,541 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,921 | €22,620 | +€30,541 |
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 7 November 2026 via checked.be.