De Keper: what changed
Two fiscal 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 Keper
Largest movements
- Cash +€18,354
up €18,354 (+24.4%), from €75,306 to €93,660
mainly Net result for the year (+€87,317) and Depreciation (+€43,307)
- Debts after one year +€18,014
up €18,014 (+136.1%), from €13,239 to €31,252
- Tax, wage and social debts -€13,282
down €13,282 (-52.5%), from €25,282 to €12,000
- Other debts +€10,465
up €10,465 (+6.3%), from €166,147 to €176,611
- Reserves +€7,317
up €7,317, from €0 to €7,317
- Advances received +€5,220
up €5,220 (+65.5%), from €7,967 to €13,187
- Gross operating margin +€51,637
up €51,637 (+45.9%), from €112,491 to €164,128
- Taxes +€12,746
up €12,746 (+84.2%), from €15,142 to €27,888
- Financial charges -€3,123
down €3,123 (-39.9%), from €7,821 to €4,698
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.
Cash bridge derived
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 | €249,674 | €267,571 | +€17,897 | +7.2% |
| Fixed assets | 21/28 | €90,507 | €92,842 | +€2,336 | +2.6% |
| Tangible fixed assets | 22/27 | €90,507 | €92,842 | +€2,336 | +2.6% |
| Plant, machinery and equipment | 23 | €11,750 | €7,618 | -€4,132 | -35.2% |
| Furniture and vehicles | 24 | €78,757 | €85,225 | +€6,468 | +8.2% |
| Current assets | 29/58 | €159,168 | €174,728 | +€15,561 | +9.8% |
| Amounts receivable within one year | 40/41 | €80,218 | €78,822 | -€1,395 | -1.7% |
| Trade receivables | 40 | €3,354 | €3,042 | -€312 | -9.3% |
| Other amounts receivable | 41 | €76,864 | €75,780 | -€1,084 | -1.4% |
| Cash at bank and in hand | 54/58 | €75,306 | €93,660 | +€18,354 | +24.4% |
| Deferred charges and accrued income | 490/1 | €3,644 | €2,246 | -€1,398 | -38.4% |
| Total equity and liabilities | 10/49 | €249,674 | €267,571 | +€17,897 | +7.2% |
| Equity | 10/15 | €5,000 | €12,317 | +€7,317 | +146.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €0 | €7,317 | +€7,317 | |
| Distributable reserves | 133 | €0 | €7,317 | +€7,317 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €244,674 | €255,254 | +€10,580 | +4.3% |
| Amounts payable after more than one year | 17 | €13,239 | €31,252 | +€18,014 | +136.1% |
| Financial debts | 170/4 | €13,239 | €31,252 | +€18,014 | +136.1% |
| Amounts payable within one year | 42/48 | €226,193 | €223,648 | -€2,545 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €16,064 | €15,610 | -€455 | -2.8% |
| Trade debts | 44 | €10,733 | €6,240 | -€4,493 | -41.9% |
| Suppliers | 440/4 | €10,733 | €6,240 | -€4,493 | -41.9% |
| Advances received on contracts in progress | 46 | €7,967 | €13,187 | +€5,220 | +65.5% |
| Taxes, remuneration and social security | 45 | €25,282 | €12,000 | -€13,282 | -52.5% |
| Taxes | 450/3 | €25,282 | €12,000 | -€13,282 | -52.5% |
| Other amounts payable | 47/48 | €166,147 | €176,611 | +€10,465 | +6.3% |
| Accrued charges and deferred income | 492/3 | €5,243 | €354 | -€4,889 | -93.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,404 | €43,307 | -€97 | -0.2% |
| Other operating charges | 640/8 | €1,048 | €971 | -€78 | -7.4% |
| Gross operating margin | 9900 | €112,491 | €164,128 | +€51,637 | +45.9% |
| Operating profit (loss) | 9901 | €68,038 | €119,850 | +€51,812 | +76.2% |
| Financial income | 75/76B | €29 | €52 | +€23 | +79.5% |
| Recurring financial income | 75 | €29 | €52 | +€23 | +79.5% |
| Financial charges | 65/66B | €7,821 | €4,698 | -€3,123 | -39.9% |
| Recurring financial charges | 65 | €7,821 | €4,698 | -€3,123 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | €60,246 | €115,204 | +€54,958 | +91.2% |
| Income taxes | 67/77 | €15,142 | €27,888 | +€12,746 | +84.2% |
| Profit (loss) for the period | 9904 | €45,105 | €87,317 | +€42,212 | +93.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,105 | €87,317 | +€42,212 | +93.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.