DE KETELDOKTER: 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 KETELDOKTER
Largest movements
- Receivables within one year +€44,872
up €44,872 (+19.3%), from €232,628 to €277,500
of which Other amounts receivable: +€30,252
- Reserves +€43,398
up €43,398 (+45.6%), from €95,073 to €138,471
of which Distributable reserves: +€43,398
- Tax, wage and social debts -€14,809
down €14,809 (-38.1%), from €38,833 to €24,024
of which Taxes: -€15,805
- Trade debts +€11,054
up €11,054 (+353%), from €3,128 to €14,182
- Other debts +€6,776
new in 2025: €6,776
- Staff costs -€20,877
down €20,877 (-53.3%), from €39,151 to €18,274
- Gross operating margin -€6,837
down €6,837 (-7.9%), from €86,243 to €79,406
- Financial income -€5,468
down €5,468 (-44.9%), from €12,175 to €6,707
- Depreciation -€4,101
down €4,101 (-86.8%), from €4,723 to €622
- Taxes +€2,573
up €2,573 (+14.4%), from €17,892 to €20,466
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 | €274,661 | €321,081 | +€46,420 | +16.9% |
| Fixed assets | 21/28 | €18,569 | €17,947 | -€622 | -3.4% |
| Tangible fixed assets | 22/27 | €17,299 | €16,677 | -€622 | -3.6% |
| Plant, machinery and equipment | 23 | €216 | €209 | -€7 | -3.1% |
| Furniture and vehicles | 24 | €16,637 | €16,040 | -€597 | -3.6% |
| Other tangible fixed assets | 26 | €447 | €428 | -€19 | -4.2% |
| Financial fixed assets | 28 | €1,270 | €1,270 | = | 0.0% |
| Current assets | 29/58 | €256,092 | €303,134 | +€47,042 | +18.4% |
| Amounts receivable within one year | 40/41 | €232,628 | €277,500 | +€44,872 | +19.3% |
| Trade receivables | 40 | €13,504 | €28,124 | +€14,620 | +108% |
| Other amounts receivable | 41 | €219,124 | €249,376 | +€30,252 | +13.8% |
| Cash at bank and in hand | 54/58 | €23,464 | €25,634 | +€2,170 | +9.2% |
| Total equity and liabilities | 10/49 | €274,661 | €321,081 | +€46,420 | +16.9% |
| Equity | 10/15 | €232,701 | €276,099 | +€43,398 | +18.6% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €95,073 | €138,471 | +€43,398 | +45.6% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €92,594 | €135,992 | +€43,398 | +46.9% |
| Profit (loss) carried forward | 14 | €112,839 | €112,839 | = | 0.0% |
| Amounts payable | 17/49 | €41,961 | €44,982 | +€3,022 | +7.2% |
| Amounts payable within one year | 42/48 | €41,961 | €44,982 | +€3,022 | +7.2% |
| Trade debts | 44 | €3,128 | €14,182 | +€11,054 | +353% |
| Suppliers | 440/4 | €3,128 | €14,182 | +€11,054 | +353% |
| Taxes, remuneration and social security | 45 | €38,833 | €24,024 | -€14,809 | -38.1% |
| Taxes | 450/3 | €37,535 | €21,730 | -€15,805 | -42.1% |
| Remuneration and social security | 454/9 | €1,298 | €2,294 | +€996 | +76.7% |
| Other amounts payable | 47/48 | - | €6,776 | +€6,776 | |
| Non-recurring operating income | 76A | €543 | €1,427 | +€885 | +163% |
| Remuneration, social security and pensions | 62 | €39,151 | €18,274 | -€20,877 | -53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,723 | €622 | -€4,101 | -86.8% |
| Other operating charges | 640/8 | €884 | €683 | -€201 | -22.7% |
| Gross operating margin | 9900 | €86,243 | €79,406 | -€6,837 | -7.9% |
| Operating profit (loss) | 9901 | €41,486 | €59,826 | +€18,341 | +44.2% |
| Financial income | 75/76B | €12,175 | €6,707 | -€5,468 | -44.9% |
| Recurring financial income | 75 | €12,175 | €6,707 | -€5,468 | -44.9% |
| Financial charges | 65/66B | €770 | €2,669 | +€1,899 | +247% |
| Recurring financial charges | 65 | €770 | €2,669 | +€1,899 | +247% |
| Profit (loss) for the period before taxes | 9903 | €52,890 | €63,864 | +€10,974 | +20.7% |
| Income taxes | 67/77 | €17,892 | €20,466 | +€2,573 | +14.4% |
| Profit (loss) for the period | 9904 | €34,998 | €43,398 | +€8,400 | +24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,998 | €43,398 | +€8,400 | +24.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.