HBF KEUKENS: what changed
What changed
HBF KEUKENS
NACE 47.551, Retail sale of household furniture
filed annual accounts (NBB)
Net result for the year
€126,062
2024 · €137,652-€11,590
Equity
€165,000
2024 · €168,267-€3,267
Cash
€201,111
2024 · €341,919-€140,808
Balance sheet total
€657,220
2024 · €865,048-€207,828
Largest movements
Assets
- Cash -€140,808
down €140,808 (-41.2%), from €341,919 to €201,111
mainly Contributions, distributions and other (-€129,329) and Other debts (-€109,921)
- Stocks and contracts -€46,677
down €46,677 (-27.4%), from €170,052 to €123,374
- Tangible fixed assets -€34,485
down €34,485 (-19.0%), from €181,779 to €147,294
of which Other tangible fixed assets: -€30,356
- Receivables within one year +€18,078
up €18,078 (+11.5%), from €156,626 to €174,703
of which Trade receivables: +€22,940
Equity and liabilities
- Other debts -€109,921
down €109,921 (-79.6%), from €138,022 to €28,101
- Trade debts -€40,983
down €40,983 (-51.7%), from €79,211 to €38,229
- Debts after one year -€40,801
down €40,801 (-85.6%), from €47,645 to €6,844
- Advances received -€9,309
down €9,309 (-2.6%), from €363,568 to €354,259
Income statement
- Gross operating margin -€90,519
down €90,519 (-21.6%), from €419,790 to €329,270
- Staff costs -€65,255
down €65,255 (-27.2%), from €240,224 to €174,969
- Depreciation -€5,015
down €5,015 (-12.2%), from €41,112 to €36,096
- Taxes -€4,271
down €4,271 (-8.6%), from €49,474 to €45,203
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€137,652
Gross operating margin
-€90,519
Staff costs
+€65,255
Depreciation
+€5,015
Other operating charges
+€143
Other operating items
+€1,412
Financial income
+€2,033
Financial charges
+€800
Taxes
+€4,271
Result 2025
€126,062
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€30,492
Investment
-€1,611
Financing
-€169,688
Cash 2024
€341,919
From operations (derived)
+€30,492
Net result for the year
+€126,062
Depreciation
+€36,096
Stocks and contracts
+€46,677
Receivables within one year
-€18,078
Deferred charges and accrued income
+€3,934
Trade debts
-€40,983
Tax, wage and social debts
-€3,854
Advances received
-€9,309
Other debts
-€109,921
Accrued charges and deferred income
-€134
Investment (derived)
-€1,611
Investment in fixed assets (net)
-€1,611
Financing
-€169,688
Debts after one year
-€40,801
Current portion of long-term debt
+€442
Contributions, distributions and other
-€129,329
Cash 2025
€201,111
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €865,048 | €657,220 | -€207,828 | -24.0% |
| Fixed assets | 21/28 | €182,377 | €147,891 | -€34,485 | -18.9% |
| Tangible fixed assets | 22/27 | €181,779 | €147,294 | -€34,485 | -19.0% |
| Plant, machinery and equipment | 23 | €135 | - | -€135 | |
| Furniture and vehicles | 24 | €12,579 | €8,584 | -€3,995 | -31.8% |
| Other tangible fixed assets | 26 | €169,065 | €138,710 | -€30,356 | -18.0% |
| Financial fixed assets | 28 | €597 | €597 | = | 0.0% |
| Current assets | 29/58 | €682,671 | €509,329 | -€173,342 | -25.4% |
| Stocks and contracts in progress | 3 | €170,052 | €123,374 | -€46,677 | -27.4% |
| Stocks | 30/36 | €170,052 | €123,374 | -€46,677 | -27.4% |
| Amounts receivable within one year | 40/41 | €156,626 | €174,703 | +€18,078 | +11.5% |
| Trade receivables | 40 | €136,633 | €159,573 | +€22,940 | +16.8% |
| Other amounts receivable | 41 | €19,992 | €15,130 | -€4,862 | -24.3% |
| Cash at bank and in hand | 54/58 | €341,919 | €201,111 | -€140,808 | -41.2% |
| Deferred charges and accrued income | 490/1 | €14,075 | €10,141 | -€3,934 | -28.0% |
| Total equity and liabilities | 10/49 | €865,048 | €657,220 | -€207,828 | -24.0% |
| Equity | 10/15 | €168,267 | €165,000 | -€3,267 | -1.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,267 | - | -€3,267 | |
| Amounts payable | 17/49 | €696,781 | €492,220 | -€204,561 | -29.4% |
| Amounts payable after more than one year | 17 | €47,645 | €6,844 | -€40,801 | -85.6% |
| Financial debts | 170/4 | €47,645 | €6,844 | -€40,801 | -85.6% |
| Amounts payable within one year | 42/48 | €648,576 | €484,951 | -€163,626 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €40,360 | €40,801 | +€442 | +1.1% |
| Trade debts | 44 | €79,211 | €38,229 | -€40,983 | -51.7% |
| Suppliers | 440/4 | €79,211 | €38,229 | -€40,983 | -51.7% |
| Advances received on contracts in progress | 46 | €363,568 | €354,259 | -€9,309 | -2.6% |
| Taxes, remuneration and social security | 45 | €27,415 | €23,561 | -€3,854 | -14.1% |
| Taxes | 450/3 | - | €304 | +€304 | |
| Remuneration and social security | 454/9 | €27,415 | €23,257 | -€4,158 | -15.2% |
| Other amounts payable | 47/48 | €138,022 | €28,101 | -€109,921 | -79.6% |
| Accrued charges and deferred income | 492/3 | €560 | €426 | -€134 | -23.9% |
| Non-recurring operating income | 76A | €14,080 | €12,367 | -€1,713 | -12.2% |
| Remuneration, social security and pensions | 62 | €240,224 | €174,969 | -€65,255 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,112 | €36,096 | -€5,015 | -12.2% |
| Other operating charges | 640/8 | €2,287 | €2,144 | -€143 | -6.3% |
| Non-recurring operating charges | 66A | €1,581 | €169 | -€1,412 | -89.3% |
| Gross operating margin | 9900 | €419,790 | €329,270 | -€90,519 | -21.6% |
| Operating profit (loss) | 9901 | €134,587 | €115,892 | -€18,694 | -13.9% |
| Financial income | 75/76B | €62,768 | €64,801 | +€2,033 | +3.2% |
| Recurring financial income | 75 | €62,768 | €64,801 | +€2,033 | +3.2% |
| Financial charges | 65/66B | €10,228 | €9,428 | -€800 | -7.8% |
| Recurring financial charges | 65 | €10,228 | €9,428 | -€800 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €187,127 | €171,265 | -€15,861 | -8.5% |
| Income taxes | 67/77 | €49,474 | €45,203 | -€4,271 | -8.6% |
| Profit (loss) for the period | 9904 | €137,652 | €126,062 | -€11,590 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €137,652 | €126,062 | -€11,590 | -8.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.