DE KEUKENBOULEVARD: 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 KEUKENBOULEVARD
Largest movements
- Cash +€103,607
up €103,607 (+57.0%), from €181,876 to €285,483
mainly Net result for the year (+€190,810) and Other debts (+€178,054)
- Receivables within one year +€48,729
up €48,729 (+35.4%), from €137,752 to €186,481
of which Other amounts receivable: +€101,337
- Tangible fixed assets -€32,764
down €32,764 (-22.8%), from €143,551 to €110,786
of which Furniture and vehicles: -€32,199
- Stocks and contracts +€31,740
up €31,740 (+6.8%), from €467,647 to €499,387
- Other debts +€178,054
up €178,054 (+373%), from €47,789 to €225,844
- Trade debts -€54,825
down €54,825 (-29.3%), from €187,155 to €132,330
- Advances received +€37,809
up €37,809 (+10.1%), from €374,366 to €412,174
- Profit (loss) carried forward +€25,810
up €25,810, from -€24,671 to €1,139
- Debts after one year -€19,953
down €19,953 (-27.9%), from €71,389 to €51,436
- Gross operating margin +€156,846
up €156,846 (+72.5%), from €216,290 to €373,136
- Staff costs +€13,957
up €13,957 (+10.3%), from €135,706 to €149,663
- Write-downs -€13,516
down €13,516, from €9,198 to -€4,318
- Financial income +€11,439
up €11,439 (+43.0%), from €26,616 to €38,055
- Taxes +€7,278
up €7,278 (+45.8%), from €15,880 to €23,158
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 | €941,050 | €1,097,370 | +€156,319 | +16.6% |
| Fixed assets | 21/28 | €146,927 | €113,241 | -€33,686 | -22.9% |
| Intangible fixed assets | 21 | €3,377 | €2,455 | -€922 | -27.3% |
| Tangible fixed assets | 22/27 | €143,551 | €110,786 | -€32,764 | -22.8% |
| Plant, machinery and equipment | 23 | €2,199 | €3,221 | +€1,022 | +46.5% |
| Furniture and vehicles | 24 | €125,487 | €93,288 | -€32,199 | -25.7% |
| Other tangible fixed assets | 26 | €15,864 | €14,277 | -€1,587 | -10.0% |
| Current assets | 29/58 | €794,123 | €984,129 | +€190,005 | +23.9% |
| Stocks and contracts in progress | 3 | €467,647 | €499,387 | +€31,740 | +6.8% |
| Stocks | 30/36 | €467,647 | €499,387 | +€31,740 | +6.8% |
| Amounts receivable within one year | 40/41 | €137,752 | €186,481 | +€48,729 | +35.4% |
| Trade receivables | 40 | €134,580 | €81,972 | -€52,608 | -39.1% |
| Other amounts receivable | 41 | €3,172 | €104,509 | +€101,337 | +3,195% |
| Cash at bank and in hand | 54/58 | €181,876 | €285,483 | +€103,607 | +57.0% |
| Deferred charges and accrued income | 490/1 | €6,848 | €12,778 | +€5,930 | +86.6% |
| Total equity and liabilities | 10/49 | €941,050 | €1,097,370 | +€156,319 | +16.6% |
| Equity | 10/15 | €195,329 | €221,139 | +€25,810 | +13.2% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,671 | €1,139 | +€25,810 | |
| Amounts payable | 17/49 | €745,721 | €876,231 | +€130,510 | +17.5% |
| Amounts payable after more than one year | 17 | €71,389 | €51,436 | -€19,953 | -27.9% |
| Financial debts | 170/4 | €71,389 | €51,436 | -€19,953 | -27.9% |
| Amounts payable within one year | 42/48 | €670,311 | €821,167 | +€150,856 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €23,312 | €19,953 | -€3,360 | -14.4% |
| Trade debts | 44 | €187,155 | €132,330 | -€54,825 | -29.3% |
| Suppliers | 440/4 | €187,155 | €132,330 | -€54,825 | -29.3% |
| Advances received on contracts in progress | 46 | €374,366 | €412,174 | +€37,809 | +10.1% |
| Taxes, remuneration and social security | 45 | €37,689 | €30,866 | -€6,823 | -18.1% |
| Taxes | 450/3 | €22,622 | €22,017 | -€605 | -2.7% |
| Remuneration and social security | 454/9 | €15,066 | €8,849 | -€6,217 | -41.3% |
| Other amounts payable | 47/48 | €47,789 | €225,844 | +€178,054 | +373% |
| Accrued charges and deferred income | 492/3 | €4,021 | €3,628 | -€394 | -9.8% |
| Non-recurring operating income | 76A | €6,367 | €0 | -€6,367 | -100% |
| Remuneration, social security and pensions | 62 | €135,706 | €149,663 | +€13,957 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,010 | €42,725 | +€6,716 | +18.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,198 | -€4,318 | -€13,516 | |
| Other operating charges | 640/8 | €3,176 | €4,225 | +€1,049 | +33.0% |
| Gross operating margin | 9900 | €216,290 | €373,136 | +€156,846 | +72.5% |
| Operating profit (loss) | 9901 | €32,200 | €180,841 | +€148,641 | +462% |
| Financial income | 75/76B | €26,616 | €38,055 | +€11,439 | +43.0% |
| Recurring financial income | 75 | €26,616 | €38,055 | +€11,439 | +43.0% |
| Financial charges | 65/66B | €4,330 | €4,929 | +€599 | +13.8% |
| Recurring financial charges | 65 | €4,330 | €4,929 | +€599 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €54,486 | €213,968 | +€159,481 | +293% |
| Income taxes | 67/77 | €15,880 | €23,158 | +€7,278 | +45.8% |
| Profit (loss) for the period | 9904 | €38,606 | €190,810 | +€152,204 | +394% |
| Profit (loss) for the period to be appropriated | 9905 | €38,606 | €190,810 | +€152,204 | +394% |
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 28 October 2026 via checked.be.