HOF VAN KEULEN: what changed
What changed
HOF VAN KEULEN
NACE 01.410, Raising of dairy cattle
filed annual accounts (NBB)
Net result for the year
€52,301
2024 · €56,147-€3,846
Equity
€895,484
2024 · €843,183+€52,301
Cash
€207,817
2024 · €148,606+€59,211
Balance sheet total
€928,157
2024 · €884,104+€44,053
Largest movements
Assets
- Cash +€59,211
up €59,211 (+39.8%), from €148,606 to €207,817
mainly Net result for the year (+€52,301) and Depreciation (+€43,249)
- Tangible fixed assets -€31,081
down €31,081 (-4.8%), from €654,089 to €623,008
of which Land and buildings: -€29,107
- Stocks and contracts +€11,702
up €11,702 (+16.5%), from €71,122 to €82,824
Equity and liabilities
- Reserves +€52,301
up €52,301 (+6.3%), from €824,583 to €876,884
- Debts after one year -€10,661
down €10,661 (-92.3%), from €11,556 to €896
Income statement
- Gross operating margin -€4,161
down €4,161 (-3.9%), from €107,477 to €103,316
- Depreciation +€1,614
up €1,614 (+3.9%), from €41,634 to €43,249
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
€56,147
Gross operating margin
-€4,161
Depreciation
-€1,614
Other operating charges
+€758
Financial income
+€666
Financial charges
+€120
Taxes
+€385
Result 2025
€52,301
raises the resultlowers the result
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
+€81,884
Investment
-€12,168
Financing
-€10,505
Cash 2024
€148,606
From operations (derived)
+€81,884
Net result for the year
+€52,301
Depreciation
+€43,249
Stocks and contracts
-€11,702
Receivables within one year
-€736
Deferred charges and accrued income
-€3,486
Trade debts
+€4,979
Tax, wage and social debts
-€2,018
Other debts
-€703
Investment (derived)
-€12,168
Investment in fixed assets (net)
-€12,168
Financing
-€10,505
Debts after one year
-€10,661
Current portion of long-term debt
+€156
Cash 2025
€207,817
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €884,104 | €928,157 | +€44,053 | +5.0% |
| Fixed assets | 21/28 | €654,089 | €623,008 | -€31,081 | -4.8% |
| Tangible fixed assets | 22/27 | €654,089 | €623,008 | -€31,081 | -4.8% |
| Land and buildings | 22 | €625,018 | €595,911 | -€29,107 | -4.7% |
| Plant, machinery and equipment | 23 | €19,297 | €21,742 | +€2,445 | +12.7% |
| Furniture and vehicles | 24 | €9,775 | €5,356 | -€4,419 | -45.2% |
| Current assets | 29/58 | €230,015 | €305,149 | +€75,134 | +32.7% |
| Stocks and contracts in progress | 3 | €71,122 | €82,824 | +€11,702 | +16.5% |
| Stocks | 30/36 | €71,122 | €82,824 | +€11,702 | +16.5% |
| Amounts receivable within one year | 40/41 | €8,252 | €8,988 | +€736 | +8.9% |
| Trade receivables | 40 | €7,847 | €8,841 | +€994 | +12.7% |
| Other amounts receivable | 41 | €405 | €148 | -€258 | -63.6% |
| Cash at bank and in hand | 54/58 | €148,606 | €207,817 | +€59,211 | +39.8% |
| Deferred charges and accrued income | 490/1 | €2,034 | €5,520 | +€3,486 | +171% |
| Total equity and liabilities | 10/49 | €884,104 | €928,157 | +€44,053 | +5.0% |
| Equity | 10/15 | €843,183 | €895,484 | +€52,301 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €824,583 | €876,884 | +€52,301 | +6.3% |
| Distributable reserves | 133 | €824,583 | €876,884 | +€52,301 | +6.3% |
| Amounts payable | 17/49 | €40,921 | €32,674 | -€8,248 | -20.2% |
| Amounts payable after more than one year | 17 | €11,556 | €896 | -€10,661 | -92.3% |
| Financial debts | 170/4 | €11,556 | €896 | -€10,661 | -92.3% |
| Amounts payable within one year | 42/48 | €29,365 | €31,778 | +€2,413 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €10,505 | €10,661 | +€156 | +1.5% |
| Trade debts | 44 | €3,871 | €8,850 | +€4,979 | +129% |
| Suppliers | 440/4 | €3,871 | €8,850 | +€4,979 | +129% |
| Taxes, remuneration and social security | 45 | €14,212 | €12,194 | -€2,018 | -14.2% |
| Taxes | 450/3 | €14,212 | €12,194 | -€2,018 | -14.2% |
| Other amounts payable | 47/48 | €776 | €73 | -€703 | -90.7% |
| Non-recurring operating income | 76A | €246 | €0 | -€246 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,634 | €43,249 | +€1,614 | +3.9% |
| Other operating charges | 640/8 | €3,006 | €2,248 | -€758 | -25.2% |
| Gross operating margin | 9900 | €107,477 | €103,316 | -€4,161 | -3.9% |
| Operating profit (loss) | 9901 | €62,836 | €57,818 | -€5,017 | -8.0% |
| Financial income | 75/76B | €97 | €764 | +€666 | +684% |
| Recurring financial income | 75 | €97 | €764 | +€666 | +684% |
| Financial charges | 65/66B | €1,171 | €1,051 | -€120 | -10.3% |
| Recurring financial charges | 65 | €1,171 | €1,051 | -€120 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €61,762 | €57,531 | -€4,231 | -6.8% |
| Income taxes | 67/77 | €5,615 | €5,230 | -€385 | -6.8% |
| Profit (loss) for the period | 9904 | €56,147 | €52,301 | -€3,846 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,147 | €52,301 | -€3,846 | -6.8% |
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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 2 November 2026 via checked.be.