DE KEPPER: 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.
What changed
DE KEPPER
NACE 47.551, Retail sale of household furniture
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€104,652
2024 · €114,664-€10,011
Equity
€1.3m
2024 · €1.2m+€104,652
Cash
€48,745
2024 · €19,253+€29,492
Balance sheet total
€4.1m
2024 · €4.2m-€107,811
Largest movements
Assets
- Tangible fixed assets -€124,999
down €124,999 (-3.8%), from €3.2m to €3.1m
of which Land and buildings: -€102,483
- Receivables within one year -€62,636
down €62,636 (-25.0%), from €250,557 to €187,921
of which Trade receivables: -€41,809
Equity and liabilities
- Other debts -€181,144
down €181,144 (-97.5%), from €185,744 to €4,600
- Reserves +€104,652
up €104,652 (+88.3%), from €118,460 to €223,113
of which Distributable reserves: +€116,418
- Debts after one year -€86,226
down €86,226 (-3.4%), from €2.5m to €2.4m
of which Financial debts: -€162,233
- Advances received +€66,489
new in 2025: €66,489
Income statement
- Gross operating margin -€29,944
down €29,944 (-8.0%), from €372,595 to €342,651
- Financial income +€22,453
up €22,453 (+404%), from €5,563 to €28,016
- Financial charges +€7,171
up €7,171 (+12.6%), from €57,124 to €64,295
- Other operating charges -€5,516
down €5,516 (-10.3%), from €53,470 to €47,954
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.
Result 2024
€114,664
Gross operating margin
-€29,944
Depreciation
-€1,076
Other operating charges
+€5,516
Financial income
+€22,453
Financial charges
-€7,171
Taxes
+€211
Result 2025
€104,652
raises the resultlowers the result
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.
From operations
+€155,431
Investment
-€31,662
Financing
-€94,278
Cash 2024
€19,253
From operations (derived)
+€155,431
Net result for the year
+€104,652
Depreciation
+€156,660
Receivables after one year
-€38,662
Receivables within one year
+€62,636
Deferred charges and accrued income
-€11,670
Provisions
-€3,918
Trade debts
-€5,735
Tax, wage and social debts
+€138
Advances received
+€66,489
Other debts
-€181,144
Accrued charges and deferred income
+€5,983
Investment (derived)
-€31,662
Investment in fixed assets (net)
-€31,662
Financing
-€94,278
Debts after one year
-€86,226
Current portion of long-term debt
-€8,052
Cash 2025
€48,745
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,244,951 | €4,137,140 | -€107,811 | -2.5% |
| Fixed assets | 21/28 | €3,255,160 | €3,130,161 | -€124,999 | -3.8% |
| Tangible fixed assets | 22/27 | €3,247,357 | €3,122,358 | -€124,999 | -3.8% |
| Land and buildings | 22 | €3,105,623 | €3,003,140 | -€102,483 | -3.3% |
| Plant, machinery and equipment | 23 | €3,991 | €2,926 | -€1,065 | -26.7% |
| Furniture and vehicles | 24 | €73,120 | €51,670 | -€21,451 | -29.3% |
| Other tangible fixed assets | 26 | €64,623 | €64,623 | = | 0.0% |
| Financial fixed assets | 28 | €7,803 | €7,803 | = | 0.0% |
| Current assets | 29/58 | €989,791 | €1,006,979 | +€17,188 | +1.7% |
| Amounts receivable after more than one year | 29 | €708,491 | €747,153 | +€38,662 | +5.5% |
| Other amounts receivable | 291 | €708,491 | €747,153 | +€38,662 | +5.5% |
| Amounts receivable within one year | 40/41 | €250,557 | €187,921 | -€62,636 | -25.0% |
| Trade receivables | 40 | €146,433 | €104,624 | -€41,809 | -28.6% |
| Other amounts receivable | 41 | €104,124 | €83,297 | -€20,828 | -20.0% |
| Cash at bank and in hand | 54/58 | €19,253 | €48,745 | +€29,492 | +153% |
| Deferred charges and accrued income | 490/1 | €11,490 | €23,161 | +€11,670 | +102% |
| Total equity and liabilities | 10/49 | €4,244,951 | €4,137,140 | -€107,811 | -2.5% |
| Equity | 10/15 | €1,242,407 | €1,347,059 | +€104,652 | +8.4% |
| Contributions | 10/11 | €1,123,947 | €1,123,947 | = | 0.0% |
| Capital | 10 | €1,123,947 | €1,123,947 | = | 0.0% |
| Issued capital | 100 | €1,123,947 | €1,123,947 | = | 0.0% |
| Reserves | 13 | €118,460 | €223,113 | +€104,652 | +88.3% |
| Non-distributable reserves | 130/1 | €18,716 | €18,716 | = | 0.0% |
| Legal reserve | 130 | €18,716 | €18,716 | = | 0.0% |
| Tax-exempt reserves | 132 | €76,830 | €65,065 | -€11,765 | -15.3% |
| Distributable reserves | 133 | €22,914 | €139,331 | +€116,418 | +508% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €23,505 | €19,588 | -€3,918 | -16.7% |
| Deferred taxes | 168 | €23,505 | €19,588 | -€3,918 | -16.7% |
| Amounts payable | 17/49 | €2,979,038 | €2,770,493 | -€208,545 | -7.0% |
| Amounts payable after more than one year | 17 | €2,507,411 | €2,421,185 | -€86,226 | -3.4% |
| Financial debts | 170/4 | €1,672,318 | €1,510,086 | -€162,233 | -9.7% |
| Other amounts payable | 178/9 | €835,093 | €911,100 | +€76,007 | +9.1% |
| Amounts payable within one year | 42/48 | €471,627 | €343,324 | -€128,303 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €196,638 | €188,586 | -€8,052 | -4.1% |
| Trade debts | 44 | €71,847 | €66,113 | -€5,735 | -8.0% |
| Suppliers | 440/4 | €71,847 | €66,113 | -€5,735 | -8.0% |
| Advances received on contracts in progress | 46 | - | €66,489 | +€66,489 | |
| Taxes, remuneration and social security | 45 | €17,398 | €17,536 | +€138 | +0.8% |
| Taxes | 450/3 | €17,398 | €17,536 | +€138 | +0.8% |
| Other amounts payable | 47/48 | €185,744 | €4,600 | -€181,144 | -97.5% |
| Accrued charges and deferred income | 492/3 | - | €5,983 | +€5,983 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,584 | €156,660 | +€1,076 | +0.7% |
| Other operating charges | 640/8 | €53,470 | €47,954 | -€5,516 | -10.3% |
| Gross operating margin | 9900 | €372,595 | €342,651 | -€29,944 | -8.0% |
| Operating profit (loss) | 9901 | €163,541 | €138,037 | -€25,504 | -15.6% |
| Financial income | 75/76B | €5,563 | €28,016 | +€22,453 | +404% |
| Recurring financial income | 75 | €5,563 | €28,016 | +€22,453 | +404% |
| Financial charges | 65/66B | €57,124 | €64,295 | +€7,171 | +12.6% |
| Recurring financial charges | 65 | €57,124 | €64,295 | +€7,171 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €111,980 | €101,758 | -€10,223 | -9.1% |
| Transfer from deferred taxes | 780 | €3,918 | €3,918 | = | 0.0% |
| Income taxes | 67/77 | €1,234 | €1,023 | -€211 | -17.1% |
| Profit (loss) for the period | 9904 | €114,664 | €104,652 | -€10,011 | -8.7% |
| Transfer from tax-exempt reserves | 789 | €11,765 | €11,765 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €126,429 | €116,418 | -€10,011 | -7.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.