HEREMANS KEUKENS: 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.
HEREMANS KEUKENS
Largest movements
- Tangible fixed assets -€82,309
down €82,309 (-26.1%), from €315,526 to €233,216
of which Furniture and vehicles: -€58,785
- Cash +€45,055
up €45,055 (+10.7%), from €421,252 to €466,307
mainly Net result for the year (+€163,781) and Depreciation (+€90,122)
- Reserves +€84,645
up €84,645 (+8.5%), from €1.0m to €1.1m
of which Distributable reserves: +€84,645
- Trade debts -€75,027
down €75,027 (-64.5%), from €116,335 to €41,308
- Tax, wage and social debts -€22,021
down €22,021 (-33.5%), from €65,707 to €43,686
of which Taxes: -€22,222
- Gross operating margin -€201,483
down €201,483 (-30.1%), from €669,012 to €467,529
- Taxes -€61,695
down €61,695 (-45.6%), from €135,163 to €73,468
- Staff costs -€20,743
down €20,743 (-11.8%), from €176,161 to €155,417
- Depreciation +€19,033
up €19,033 (+26.8%), from €71,089 to €90,122
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 | €1,245,939 | €1,223,193 | -€22,746 | -1.8% |
| Fixed assets | 21/28 | €315,661 | €233,351 | -€82,309 | -26.1% |
| Tangible fixed assets | 22/27 | €315,526 | €233,216 | -€82,309 | -26.1% |
| Land and buildings | 22 | €1,759 | €999 | -€760 | -43.2% |
| Plant, machinery and equipment | 23 | €94,750 | €71,986 | -€22,765 | -24.0% |
| Furniture and vehicles | 24 | €219,017 | €160,232 | -€58,785 | -26.8% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €930,278 | €989,841 | +€59,563 | +6.4% |
| Stocks and contracts in progress | 3 | €35,325 | €40,211 | +€4,887 | +13.8% |
| Stocks | 30/36 | €20,325 | €23,211 | +€2,887 | +14.2% |
| Contracts in progress | 37 | €15,000 | €17,000 | +€2,000 | +13.3% |
| Amounts receivable within one year | 40/41 | €463,482 | €473,393 | +€9,911 | +2.1% |
| Trade receivables | 40 | €419,190 | €457,561 | +€38,371 | +9.2% |
| Other amounts receivable | 41 | €44,293 | €15,833 | -€28,460 | -64.3% |
| Current investments | 50/53 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €421,252 | €466,307 | +€45,055 | +10.7% |
| Deferred charges and accrued income | 490/1 | €9,719 | €9,429 | -€290 | -3.0% |
| Total equity and liabilities | 10/49 | €1,245,939 | €1,223,193 | -€22,746 | -1.8% |
| Equity | 10/15 | €1,013,968 | €1,098,612 | +€84,645 | +8.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,001,339 | €1,085,983 | +€84,645 | +8.5% |
| Non-distributable reserves | 130/1 | €22,410 | €22,410 | = | 0.0% |
| Reserves not available under the articles | 1311 | €22,410 | €22,410 | = | 0.0% |
| Distributable reserves | 133 | €978,929 | €1,063,573 | +€84,645 | +8.6% |
| Profit (loss) carried forward | 14 | €229 | €229 | = | 0.0% |
| Amounts payable | 17/49 | €231,971 | €124,580 | -€107,391 | -46.3% |
| Amounts payable after more than one year | 17 | €23,135 | €12,605 | -€10,531 | -45.5% |
| Financial debts | 170/4 | €23,135 | €12,605 | -€10,531 | -45.5% |
| Amounts payable within one year | 42/48 | €208,642 | €111,975 | -€96,666 | -46.3% |
| Current portion of amounts payable after more than one year | 42 | €10,284 | €10,531 | +€246 | +2.4% |
| Trade debts | 44 | €116,335 | €41,308 | -€75,027 | -64.5% |
| Suppliers | 440/4 | €116,335 | €41,308 | -€75,027 | -64.5% |
| Taxes, remuneration and social security | 45 | €65,707 | €43,686 | -€22,021 | -33.5% |
| Taxes | 450/3 | €45,398 | €23,176 | -€22,222 | -48.9% |
| Remuneration and social security | 454/9 | €20,309 | €20,510 | +€201 | +1.0% |
| Other amounts payable | 47/48 | €16,316 | €16,451 | +€135 | +0.8% |
| Accrued charges and deferred income | 492/3 | €194 | - | -€194 | |
| Non-recurring operating income | 76A | €18,500 | - | -€18,500 | |
| Remuneration, social security and pensions | 62 | €176,161 | €155,417 | -€20,743 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,089 | €90,122 | +€19,033 | +26.8% |
| Other operating charges | 640/8 | €2,902 | €3,543 | +€641 | +22.1% |
| Gross operating margin | 9900 | €669,012 | €467,529 | -€201,483 | -30.1% |
| Operating profit (loss) | 9901 | €418,860 | €218,446 | -€200,414 | -47.8% |
| Financial income | 75/76B | €17,902 | €20,962 | +€3,060 | +17.1% |
| Recurring financial income | 75 | €17,902 | €20,962 | +€3,060 | +17.1% |
| Financial charges | 65/66B | €3,685 | €2,158 | -€1,527 | -41.4% |
| Recurring financial charges | 65 | €3,685 | €2,158 | -€1,527 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | €433,076 | €237,249 | -€195,827 | -45.2% |
| Income taxes | 67/77 | €135,163 | €73,468 | -€61,695 | -45.6% |
| Profit (loss) for the period | 9904 | €297,913 | €163,781 | -€134,132 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €297,913 | €163,781 | -€134,132 | -45.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.