DSP KEUKENS: 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.
DSP KEUKENS
Largest movements
- Current investments -€84,422
down €84,422 (-36.0%), from €234,558 to €150,136
- Receivables within one year +€20,223
up €20,223 (+31.0%), from €65,154 to €85,376
of which Other amounts receivable: +€23,606
- Tangible fixed assets -€19,163
down €19,163 (-3.1%), from €621,719 to €602,556
of which Furniture and vehicles: -€28,789
- Other debts +€63,173
up €63,173 (+515.0%), from €12,266 to €75,439
- Reserves -€50,964
down €50,964 (-12.2%), from €417,143 to €366,179
of which Distributable reserves: -€50,964
- Debts after one year -€49,029
down €49,029 (-13.7%), from €356,958 to €307,929
- Trade debts -€43,944
down €43,944 (-41.2%), from €106,738 to €62,794
- Tax, wage and social debts -€39,652
down €39,652 (-57.4%), from €69,086 to €29,434
of which Taxes: -€20,607
- Gross operating margin -€135,968
down €135,968 (-38.5%), from €352,866 to €216,899
- Taxes -€21,822
down €21,822 (-72.9%), from €29,944 to €8,122
- Staff costs -€20,079
down €20,079 (-12.5%), from €160,009 to €139,929
- Depreciation -€17,532
down €17,532 (-25.2%), from €69,703 to €52,170
- Financial income -€5,738
down €5,738 (-21.2%), from €27,035 to €21,296
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 | €1,495,649 | €1,392,398 | -€103,250 | -6.9% |
| Fixed assets | 21/28 | €630,224 | €610,925 | -€19,299 | -3.1% |
| Intangible fixed assets | 21 | €6,505 | €6,369 | -€136 | -2.1% |
| Tangible fixed assets | 22/27 | €621,719 | €602,556 | -€19,163 | -3.1% |
| Land and buildings | 22 | €562,830 | €553,065 | -€9,765 | -1.7% |
| Plant, machinery and equipment | 23 | €9,593 | €18,957 | +€9,364 | +97.6% |
| Furniture and vehicles | 24 | €39,939 | €11,150 | -€28,789 | -72.1% |
| Other tangible fixed assets | 26 | €9,357 | €19,384 | +€10,027 | +107.2% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €865,425 | €781,473 | -€83,951 | -9.7% |
| Stocks and contracts in progress | 3 | €173,484 | €163,558 | -€9,926 | -5.7% |
| Stocks | 30/36 | €40,930 | €67,915 | +€26,985 | +65.9% |
| Contracts in progress | 37 | €132,554 | €95,643 | -€36,911 | -27.8% |
| Amounts receivable within one year | 40/41 | €65,154 | €85,376 | +€20,223 | +31.0% |
| Trade receivables | 40 | €65,154 | €61,770 | -€3,384 | -5.2% |
| Other amounts receivable | 41 | €0 | €23,606 | +€23,606 | |
| Current investments | 50/53 | €234,558 | €150,136 | -€84,422 | -36.0% |
| Cash at bank and in hand | 54/58 | €356,580 | €346,481 | -€10,099 | -2.8% |
| Deferred charges and accrued income | 490/1 | €35,648 | €35,921 | +€273 | +0.8% |
| Total equity and liabilities | 10/49 | €1,495,649 | €1,392,398 | -€103,250 | -6.9% |
| Equity | 10/15 | €792,640 | €741,675 | -€50,964 | -6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €417,143 | €366,179 | -€50,964 | -12.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €417,143 | €366,179 | -€50,964 | -12.2% |
| Profit (loss) carried forward | 14 | €356,896 | €356,896 | = | 0.0% |
| Amounts payable | 17/49 | €703,009 | €650,723 | -€52,286 | -7.4% |
| Amounts payable after more than one year | 17 | €356,958 | €307,929 | -€49,029 | -13.7% |
| Financial debts | 170/4 | €356,958 | €307,929 | -€49,029 | -13.7% |
| Amounts payable within one year | 42/48 | €345,131 | €342,044 | -€3,087 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €48,612 | €49,029 | +€417 | +0.9% |
| Trade debts | 44 | €106,738 | €62,794 | -€43,944 | -41.2% |
| Suppliers | 440/4 | €106,738 | €62,794 | -€43,944 | -41.2% |
| Advances received on contracts in progress | 46 | €108,429 | €125,348 | +€16,919 | +15.6% |
| Taxes, remuneration and social security | 45 | €69,086 | €29,434 | -€39,652 | -57.4% |
| Taxes | 450/3 | €40,856 | €20,250 | -€20,607 | -50.4% |
| Remuneration and social security | 454/9 | €28,229 | €9,184 | -€19,045 | -67.5% |
| Other amounts payable | 47/48 | €12,266 | €75,439 | +€63,173 | +515.0% |
| Accrued charges and deferred income | 492/3 | €920 | €750 | -€170 | -18.5% |
| Remuneration, social security and pensions | 62 | €160,009 | €139,929 | -€20,079 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,703 | €52,170 | -€17,532 | -25.2% |
| Other operating charges | 640/8 | €10,051 | €8,052 | -€1,999 | -19.9% |
| Gross operating margin | 9900 | €352,866 | €216,899 | -€135,968 | -38.5% |
| Operating profit (loss) | 9901 | €113,103 | €16,747 | -€96,357 | -85.2% |
| Financial income | 75/76B | €27,035 | €21,296 | -€5,738 | -21.2% |
| Recurring financial income | 75 | €27,035 | €21,296 | -€5,738 | -21.2% |
| Financial charges | 65/66B | €13,399 | €10,884 | -€2,516 | -18.8% |
| Recurring financial charges | 65 | €13,399 | €10,884 | -€2,516 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €126,739 | €27,159 | -€99,579 | -78.6% |
| Income taxes | 67/77 | €29,944 | €8,122 | -€21,822 | -72.9% |
| Profit (loss) for the period | 9904 | €96,795 | €19,037 | -€77,758 | -80.3% |
| Profit (loss) for the period to be appropriated | 9905 | €96,795 | €19,037 | -€77,758 | -80.3% |
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 7 October 2026 via checked.be.