DE KEIRK: 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.
DE KEIRK
Largest movements
- Tangible fixed assets -€37,505
down €37,505 (-13.4%), from €280,044 to €242,539
of which Land and buildings: -€20,015
- Cash -€21,924
down €21,924 (-61.5%), from €35,635 to €13,711
mainly Net result for the year (-€47,513) and Advances received (-€10,500)
- Deferred charges and accrued income +€6,723
up €6,723 (+203%), from €3,319 to €10,042
- Receivables within one year -€5,423
down €5,423 (-15.9%), from €34,169 to €28,746
of which Other amounts receivable: -€3,933
- Profit (loss) carried forward -€47,513
down €47,513 (-45.9%), from -€103,499 to -€151,012
- Advances received -€10,500
no longer reported in 2025 (was €10,500)
- Other debts +€6,700
up €6,700 (+291%), from €2,300 to €9,000
- Tax, wage and social debts -€5,352
down €5,352 (-26.1%), from €20,468 to €15,116
of which Taxes: -€5,850
- Trade debts -€4,865
down €4,865 (-51.0%), from €9,543 to €4,678
- Turnover -€148,829
down €148,829 (-35.3%), from €421,236 to €272,407
- Gross operating margin -€98,390
down €98,390 (-54.4%), from €180,766 to €82,376
- Purchases and services -€50,439
down €50,439 (-21.0%), from €240,470 to €190,031
- Staff costs -€44,362
down €44,362 (-35.0%), from €126,908 to €82,546
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 | €366,312 | €304,782 | -€61,530 | -16.8% |
| Fixed assets | 21/28 | €280,044 | €242,539 | -€37,505 | -13.4% |
| Tangible fixed assets | 22/27 | €280,044 | €242,539 | -€37,505 | -13.4% |
| Land and buildings | 22 | €203,309 | €183,294 | -€20,015 | -9.8% |
| Plant, machinery and equipment | 23 | €67,341 | €52,735 | -€14,606 | -21.7% |
| Furniture and vehicles | 24 | €9,394 | €6,510 | -€2,884 | -30.7% |
| Current assets | 29/58 | €86,268 | €62,243 | -€24,025 | -27.8% |
| Stocks and contracts in progress | 3 | €13,145 | €9,744 | -€3,401 | -25.9% |
| Stocks | 30/36 | €13,145 | €9,744 | -€3,401 | -25.9% |
| Amounts receivable within one year | 40/41 | €34,169 | €28,746 | -€5,423 | -15.9% |
| Trade receivables | 40 | €26,340 | €24,850 | -€1,490 | -5.7% |
| Other amounts receivable | 41 | €7,829 | €3,896 | -€3,933 | -50.2% |
| Cash at bank and in hand | 54/58 | €35,635 | €13,711 | -€21,924 | -61.5% |
| Deferred charges and accrued income | 490/1 | €3,319 | €10,042 | +€6,723 | +203% |
| Total equity and liabilities | 10/49 | €366,312 | €304,782 | -€61,530 | -16.8% |
| Equity | 10/15 | €223,501 | €175,988 | -€47,513 | -21.3% |
| Contributions | 10/11 | €327,000 | €327,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€103,499 | -€151,012 | -€47,513 | -45.9% |
| Amounts payable | 17/49 | €142,811 | €128,794 | -€14,017 | -9.8% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €42,811 | €28,794 | -€14,017 | -32.7% |
| Trade debts | 44 | €9,543 | €4,678 | -€4,865 | -51.0% |
| Suppliers | 440/4 | €9,543 | €4,678 | -€4,865 | -51.0% |
| Advances received on contracts in progress | 46 | €10,500 | - | -€10,500 | |
| Taxes, remuneration and social security | 45 | €20,468 | €15,116 | -€5,352 | -26.1% |
| Taxes | 450/3 | €14,036 | €8,186 | -€5,850 | -41.7% |
| Remuneration and social security | 454/9 | €6,432 | €6,930 | +€498 | +7.7% |
| Other amounts payable | 47/48 | €2,300 | €9,000 | +€6,700 | +291% |
| Turnover | 70 | €421,236 | €272,407 | -€148,829 | -35.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €240,470 | €190,031 | -€50,439 | -21.0% |
| Remuneration, social security and pensions | 62 | €126,908 | €82,546 | -€44,362 | -35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,221 | €38,406 | +€185 | +0.5% |
| Other operating charges | 640/8 | €6,211 | €5,940 | -€271 | -4.4% |
| Gross operating margin | 9900 | €180,766 | €82,376 | -€98,390 | -54.4% |
| Operating profit (loss) | 9901 | €9,426 | -€44,516 | -€53,942 | |
| Financial income | 75/76B | €14 | - | -€14 | |
| Recurring financial income | 75 | €14 | - | -€14 | |
| Financial charges | 65/66B | €3,599 | €2,997 | -€602 | -16.7% |
| Recurring financial charges | 65 | €3,599 | €2,947 | -€652 | -18.1% |
| Non-recurring financial charges | 66B | - | €50 | +€50 | |
| Profit (loss) for the period before taxes | 9903 | €5,841 | -€47,513 | -€53,354 | |
| Profit (loss) for the period | 9904 | €5,841 | -€47,513 | -€53,354 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,841 | -€47,513 | -€53,354 |
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 19 October 2026 via checked.be.