DE OUDE KETEL: 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 OUDE KETEL
Largest movements
- Cash -€12,015
down €12,015 (-25.2%), from €47,584 to €35,569
mainly Tax, wage and social debts (-€13,229) and Trade debts (-€10,598)
- Deferred charges and accrued income -€8,086
down €8,086 (-80.4%), from €10,057 to €1,971
- Receivables within one year -€3,047
down €3,047 (-52.6%), from €5,797 to €2,750
of which Trade receivables: -€3,068
- Tangible fixed assets -€1,439
down €1,439 (-18.4%), from €7,838 to €6,399
- Tax, wage and social debts -€13,229
down €13,229 (-69.4%), from €19,061 to €5,832
of which Taxes: -€11,332
- Trade debts -€10,598
down €10,598 (-65.2%), from €16,260 to €5,662
- Other debts -€1,186
down €1,186 (-59.0%), from €2,009 to €823
- Staff costs -€33,882
down €33,882 (-36.0%), from €94,197 to €60,315
- Gross operating margin -€30,569
down €30,569 (-31.7%), from €96,459 to €65,890
- Financial income -€2,117
down €2,117 (-92.5%), from €2,288 to €171
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 | €80,007 | €55,484 | -€24,523 | -30.7% |
| Fixed assets | 21/28 | €11,138 | €9,699 | -€1,439 | -12.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €7,838 | €6,399 | -€1,439 | -18.4% |
| Plant, machinery and equipment | 23 | €2,392 | €1,900 | -€493 | -20.6% |
| Furniture and vehicles | 24 | €1,496 | €1,107 | -€390 | -26.1% |
| Other tangible fixed assets | 26 | €3,950 | €3,393 | -€557 | -14.1% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €68,869 | €45,785 | -€23,084 | -33.5% |
| Stocks and contracts in progress | 3 | €5,430 | €5,495 | +€64 | +1.2% |
| Stocks | 30/36 | €5,430 | €5,495 | +€64 | +1.2% |
| Amounts receivable within one year | 40/41 | €5,797 | €2,750 | -€3,047 | -52.6% |
| Trade receivables | 40 | €5,797 | €2,729 | -€3,068 | -52.9% |
| Other amounts receivable | 41 | - | €20 | +€20 | |
| Cash at bank and in hand | 54/58 | €47,584 | €35,569 | -€12,015 | -25.2% |
| Deferred charges and accrued income | 490/1 | €10,057 | €1,971 | -€8,086 | -80.4% |
| Total equity and liabilities | 10/49 | €80,007 | €55,484 | -€24,523 | -30.7% |
| Equity | 10/15 | €42,677 | €43,166 | +€490 | +1.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,477 | €36,966 | +€490 | +1.3% |
| Distributable reserves | 133 | €36,477 | €36,966 | +€490 | +1.3% |
| Amounts payable | 17/49 | €37,330 | €12,317 | -€25,013 | -67.0% |
| Amounts payable within one year | 42/48 | €37,330 | €12,317 | -€25,013 | -67.0% |
| Trade debts | 44 | €16,260 | €5,662 | -€10,598 | -65.2% |
| Suppliers | 440/4 | €16,260 | €5,662 | -€10,598 | -65.2% |
| Taxes, remuneration and social security | 45 | €19,061 | €5,832 | -€13,229 | -69.4% |
| Taxes | 450/3 | €13,227 | €1,895 | -€11,332 | -85.7% |
| Remuneration and social security | 454/9 | €5,835 | €3,937 | -€1,898 | -32.5% |
| Other amounts payable | 47/48 | €2,009 | €823 | -€1,186 | -59.0% |
| Remuneration, social security and pensions | 62 | €94,197 | €60,315 | -€33,882 | -36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,653 | €1,439 | -€214 | -12.9% |
| Other operating charges | 640/8 | €1,790 | €2,291 | +€501 | +28.0% |
| Gross operating margin | 9900 | €96,459 | €65,890 | -€30,569 | -31.7% |
| Operating profit (loss) | 9901 | -€1,181 | €1,844 | +€3,025 | |
| Financial income | 75/76B | €2,288 | €171 | -€2,117 | -92.5% |
| Recurring financial income | 75 | €2,288 | €171 | -€2,117 | -92.5% |
| Financial charges | 65/66B | €538 | €773 | +€234 | +43.5% |
| Recurring financial charges | 65 | €538 | €773 | +€234 | +43.5% |
| Profit (loss) for the period before taxes | 9903 | €569 | €1,243 | +€674 | +118% |
| Income taxes | 67/77 | €473 | €753 | +€280 | +59.2% |
| Profit (loss) for the period | 9904 | €96 | €490 | +€394 | +410% |
| Profit (loss) for the period to be appropriated | 9905 | €96 | €490 | +€394 | +410% |
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 30 October 2026 via checked.be.