Kegels Expertenbureau: what changed
What changed
Kegels Expertenbureau
NACE 71.111, Activities of building architects
filed annual accounts (NBB)
Net result for the year
€64,281
2024 · €43,474+€20,807
Equity
€1.6m
2024 · €1.5m+€64,281
Cash
€134,774
2024 · €61,927+€72,847
Balance sheet total
€1.9m
2024 · €1.9m+€18,090
Largest movements
Assets
- Cash +€72,847
up €72,847 (+118%), from €61,927 to €134,774
mainly Net result for the year (+€64,281) and Depreciation (+€54,266)
- Tangible fixed assets -€47,285
down €47,285 (-2.8%), from €1.7m to €1.7m
of which Furniture and vehicles: -€28,038
Equity and liabilities
- Reserves +€64,281
up €64,281 (+33.7%), from €190,835 to €255,116
- Other debts -€31,814
down €31,814 (-11.7%), from €271,569 to €239,755
Income statement
- Gross operating margin +€34,087
up €34,087 (+20.9%), from €163,272 to €197,360
- Taxes +€16,056
up €16,056 (+86.9%), from €18,477 to €34,533
- Staff costs -€8,005
down €8,005 (-22.9%), from €34,922 to €26,917
- Write-downs +€5,295
new in 2025: €5,295
- Depreciation +€2,794
up €2,794 (+5.4%), from €51,472 to €54,266
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
€43,474
Gross operating margin
+€34,087
Staff costs
+€8,005
Depreciation
-€2,794
Write-downs
-€5,295
Other operating charges
+€2,185
Financial income
-€345
Financial charges
+€1,019
Taxes
-€16,056
Result 2025
€64,281
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
+€103,248
Investment
-€6,749
Financing
-€23,653
Cash 2024
€61,927
From operations (derived)
+€103,248
Net result for the year
+€64,281
Depreciation
+€54,266
Receivables within one year
+€2,354
Deferred charges and accrued income
+€4,885
Trade debts
-€6,615
Tax, wage and social debts
+€15,862
Other debts
-€31,814
Accrued charges and deferred income
+€28
Investment (derived)
-€6,749
Investment in fixed assets (net)
-€6,749
Financing
-€23,653
Debts after one year
-€8,311
Current portion of long-term debt
-€14,054
Short-term financial debts
-€1,288
Cash 2025
€134,774
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,876,395 | €1,894,485 | +€18,090 | +1.0% |
| Fixed assets | 21/28 | €1,712,051 | €1,664,533 | -€47,517 | -2.8% |
| Intangible fixed assets | 21 | €805 | €573 | -€232 | -28.8% |
| Tangible fixed assets | 22/27 | €1,710,778 | €1,663,493 | -€47,285 | -2.8% |
| Land and buildings | 22 | €1,609,847 | €1,592,609 | -€17,238 | -1.1% |
| Plant, machinery and equipment | 23 | €7,385 | €5,375 | -€2,009 | -27.2% |
| Furniture and vehicles | 24 | €93,546 | €65,508 | -€28,038 | -30.0% |
| Financial fixed assets | 28 | €467 | €467 | = | 0.0% |
| Current assets | 29/58 | €164,345 | €229,952 | +€65,607 | +39.9% |
| Amounts receivable within one year | 40/41 | €78,615 | €76,260 | -€2,354 | -3.0% |
| Trade receivables | 40 | €63,257 | €70,834 | +€7,578 | +12.0% |
| Other amounts receivable | 41 | €15,358 | €5,426 | -€9,932 | -64.7% |
| Cash at bank and in hand | 54/58 | €61,927 | €134,774 | +€72,847 | +118% |
| Deferred charges and accrued income | 490/1 | €23,803 | €18,918 | -€4,885 | -20.5% |
| Total equity and liabilities | 10/49 | €1,876,395 | €1,894,485 | +€18,090 | +1.0% |
| Equity | 10/15 | €1,526,198 | €1,590,479 | +€64,281 | +4.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €1,273,863 | €1,273,863 | = | 0.0% |
| Reserves | 13 | €190,835 | €255,116 | +€64,281 | +33.7% |
| Distributable reserves | 133 | €190,835 | €255,116 | +€64,281 | +33.7% |
| Amounts payable | 17/49 | €350,197 | €304,006 | -€46,191 | -13.2% |
| Amounts payable after more than one year | 17 | €17,735 | €9,423 | -€8,311 | -46.9% |
| Financial debts | 170/4 | €17,735 | €9,423 | -€8,311 | -46.9% |
| Amounts payable within one year | 42/48 | €331,940 | €294,032 | -€37,908 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €22,365 | €8,311 | -€14,054 | -62.8% |
| Financial debts | 43 | €3,839 | €2,551 | -€1,288 | -33.5% |
| Credit institutions | 430/8 | €3,839 | €2,551 | -€1,288 | -33.5% |
| Trade debts | 44 | €6,826 | €211 | -€6,615 | -96.9% |
| Suppliers | 440/4 | €6,826 | €211 | -€6,615 | -96.9% |
| Advances received on contracts in progress | 46 | €3,975 | €3,975 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €23,366 | €39,228 | +€15,862 | +67.9% |
| Taxes | 450/3 | €19,742 | €32,714 | +€12,972 | +65.7% |
| Remuneration and social security | 454/9 | €3,624 | €6,515 | +€2,890 | +79.7% |
| Other amounts payable | 47/48 | €271,569 | €239,755 | -€31,814 | -11.7% |
| Accrued charges and deferred income | 492/3 | €523 | €551 | +€28 | +5.4% |
| Remuneration, social security and pensions | 62 | €34,922 | €26,917 | -€8,005 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,472 | €54,266 | +€2,794 | +5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,295 | +€5,295 | |
| Other operating charges | 640/8 | €11,854 | €9,669 | -€2,185 | -18.4% |
| Gross operating margin | 9900 | €163,272 | €197,360 | +€34,087 | +20.9% |
| Operating profit (loss) | 9901 | €65,025 | €101,214 | +€36,188 | +55.7% |
| Financial income | 75/76B | €349 | €4 | -€345 | -98.7% |
| Recurring financial income | 75 | €349 | €4 | -€345 | -98.7% |
| Financial charges | 65/66B | €3,423 | €2,404 | -€1,019 | -29.8% |
| Recurring financial charges | 65 | €3,423 | €2,404 | -€1,019 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €61,952 | €98,815 | +€36,863 | +59.5% |
| Income taxes | 67/77 | €18,477 | €34,533 | +€16,056 | +86.9% |
| Profit (loss) for the period | 9904 | €43,474 | €64,281 | +€20,807 | +47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,474 | €64,281 | +€20,807 | +47.9% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 7 November 2026 via checked.be.