DECEUNINCK KEES: 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.
DECEUNINCK KEES
Largest movements
- Receivables within one year +€18,853
up €18,853 (+16.7%), from €112,955 to €131,808
of which Other amounts receivable: +€18,853
- Reserves +€72,081
up €72,081 (+18.8%), from €382,944 to €455,025
- Debts after one year -€46,820
down €46,820 (-14.7%), from €319,444 to €272,624
- Accrued charges and deferred income +€22,999
new in 2025: €22,999
- Other debts -€20,531
down €20,531 (-4.3%), from €476,474 to €455,943
- Financial charges +€32,694
up €32,694 (+627.6%), from €5,209 to €37,903
- Gross operating margin -€17,085
down €17,085 (-20.3%), from €84,174 to €67,090
- Taxes -€11,945
down €11,945 (-56.5%), from €21,137 to €9,192
- Financial income +€11,077
up €11,077 (+13.3%), from €82,996 to €94,073
- Depreciation +€1,169
up €1,169 (+3.1%), from €38,129 to €39,298
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 | €1,260,613 | €1,286,280 | +€25,667 | +2.0% |
| Fixed assets | 21/28 | €1,034,421 | €1,030,787 | -€3,635 | -0.4% |
| Tangible fixed assets | 22/27 | €1,009,421 | €1,005,787 | -€3,635 | -0.4% |
| Land and buildings | 22 | €981,345 | €974,207 | -€7,138 | -0.7% |
| Plant, machinery and equipment | 23 | €451 | €5,073 | +€4,623 | +1025.6% |
| Furniture and vehicles | 24 | €17,074 | €16,207 | -€868 | -5.1% |
| Other tangible fixed assets | 26 | €10,551 | €10,300 | -€251 | -2.4% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €226,191 | €255,494 | +€29,302 | +13.0% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Trade receivables | 290 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €112,955 | €131,808 | +€18,853 | +16.7% |
| Trade receivables | 40 | €13,500 | €13,500 | = | 0.0% |
| Other amounts receivable | 41 | €99,455 | €118,308 | +€18,853 | +19.0% |
| Cash at bank and in hand | 54/58 | €11,942 | €15,515 | +€3,573 | +29.9% |
| Deferred charges and accrued income | 490/1 | €1,295 | €8,171 | +€6,876 | +531.2% |
| Total equity and liabilities | 10/49 | €1,260,613 | €1,286,280 | +€25,667 | +2.0% |
| Equity | 10/15 | €401,544 | €473,625 | +€72,081 | +18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €382,944 | €455,025 | +€72,081 | +18.8% |
| Distributable reserves | 133 | €382,944 | €455,025 | +€72,081 | +18.8% |
| Amounts payable | 17/49 | €859,069 | €812,655 | -€46,414 | -5.4% |
| Amounts payable after more than one year | 17 | €319,444 | €272,624 | -€46,820 | -14.7% |
| Financial debts | 170/4 | €319,444 | €272,624 | -€46,820 | -14.7% |
| Amounts payable within one year | 42/48 | €539,625 | €517,033 | -€22,592 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €46,229 | €46,820 | +€591 | +1.3% |
| Trade debts | 44 | €4,555 | €4,413 | -€141 | -3.1% |
| Suppliers | 440/4 | €4,555 | €4,413 | -€141 | -3.1% |
| Taxes, remuneration and social security | 45 | €12,367 | €9,857 | -€2,511 | -20.3% |
| Taxes | 450/3 | €12,367 | €9,857 | -€2,511 | -20.3% |
| Other amounts payable | 47/48 | €476,474 | €455,943 | -€20,531 | -4.3% |
| Accrued charges and deferred income | 492/3 | - | €22,999 | +€22,999 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,129 | €39,298 | +€1,169 | +3.1% |
| Other operating charges | 640/8 | €1,094 | €1,856 | +€762 | +69.7% |
| Gross operating margin | 9900 | €84,174 | €67,090 | -€17,085 | -20.3% |
| Operating profit (loss) | 9901 | €44,952 | €25,936 | -€19,016 | -42.3% |
| Financial income | 75/76B | €82,996 | €94,073 | +€11,077 | +13.3% |
| Recurring financial income | 75 | €82,996 | €94,073 | +€11,077 | +13.3% |
| Financial charges | 65/66B | €5,209 | €37,903 | +€32,694 | +627.6% |
| Recurring financial charges | 65 | €5,209 | €37,903 | +€32,694 | +627.6% |
| Profit (loss) for the period before taxes | 9903 | €122,738 | €82,106 | -€40,632 | -33.1% |
| Income taxes | 67/77 | €21,137 | €9,192 | -€11,945 | -56.5% |
| Profit (loss) for the period | 9904 | €101,601 | €72,914 | -€28,687 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €101,601 | €72,914 | -€28,687 | -28.2% |
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 3 October 2026 via checked.be.