Keppens Aannemingen: what changed
What changed
Keppens Aannemingen
NACE 16.230, Manufacture of other builders' carpentry and joinery
filed annual accounts (NBB)
Net result for the year
-€2,779
2024 · €3,911-€6,689
Equity
-€18,445
2024 · -€15,666-€2,779
Cash
€226
2024 · -+€226
Balance sheet total
€46,015
2024 · €48,885-€2,870
Largest movements
Assets
- Receivables within one year -€9,071
down €9,071 (-19.0%), from €47,802 to €38,731
of which Other amounts receivable: -€6,889
- Tangible fixed assets +€5,975
new in 2025: €5,975
of which Furniture and vehicles: +€3,989
Equity and liabilities
- Advances received +€15,817
new in 2025: €15,817
- Short-term financial debts -€12,392
down €12,392 (-62.2%), from €19,926 to €7,534
- Trade debts -€3,365
down €3,365 (-40.5%), from €8,302 to €4,937
- Profit (loss) carried forward -€2,779
down €2,779 (-8.0%), from -€34,741 to -€37,520
Income statement
- Staff costs +€4,618
new in 2025: €4,618
- Gross operating margin -€2,791
down €2,791 (-41.8%), from €6,673 to €3,882
- Financial charges -€1,021
down €1,021 (-50.0%), from €2,044 to €1,023
of which Financial charges: -€1,021
- Depreciation +€264
up €264 (+85.1%), from €311 to €575
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
€3,911
Gross operating margin
-€2,791
Staff costs
-€4,618
Depreciation
-€264
Other operating charges
-€52
Financial income
+€15
Financial charges
+€1,021
Result 2025
-€2,779
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
+€19,168
Investment
-€6,550
Financing
-€12,392
Cash 2024
€0
From operations (derived)
+€19,168
Net result for the year
-€2,779
Depreciation
+€575
Receivables within one year
+€9,071
Trade debts
-€3,365
Tax, wage and social debts
-€152
Advances received
+€15,817
Investment (derived)
-€6,550
Investment in fixed assets (net)
-€6,550
Financing
-€12,392
Short-term financial debts
-€12,392
Cash 2025
€226
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,885 | €46,015 | -€2,870 | -5.9% |
| Fixed assets | 21/28 | €1,084 | €7,058 | +€5,975 | +551% |
| Tangible fixed assets | 22/27 | - | €5,975 | +€5,975 | |
| Plant, machinery and equipment | 23 | - | €1,986 | +€1,986 | |
| Furniture and vehicles | 24 | - | €3,989 | +€3,989 | |
| Financial fixed assets | 28 | €1,084 | €1,084 | = | 0.0% |
| Current assets | 29/58 | €47,802 | €38,957 | -€8,845 | -18.5% |
| Amounts receivable within one year | 40/41 | €47,802 | €38,731 | -€9,071 | -19.0% |
| Trade receivables | 40 | €10,448 | €8,266 | -€2,182 | -20.9% |
| Other amounts receivable | 41 | €37,354 | €30,465 | -€6,889 | -18.4% |
| Cash at bank and in hand | 54/58 | - | €226 | +€226 | |
| Total equity and liabilities | 10/49 | €48,885 | €46,015 | -€2,870 | -5.9% |
| Equity | 10/15 | -€15,666 | -€18,445 | -€2,779 | -17.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €475 | €475 | = | 0.0% |
| Non-distributable reserves | 130/1 | €475 | €475 | = | 0.0% |
| Reserves not available under the articles | 1311 | €475 | €475 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,741 | -€37,520 | -€2,779 | -8.0% |
| Amounts payable | 17/49 | €64,552 | €64,460 | -€91 | -0.1% |
| Amounts payable within one year | 42/48 | €64,552 | €64,460 | -€91 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €36,172 | €36,172 | = | 0.0% |
| Financial debts | 43 | €19,926 | €7,534 | -€12,392 | -62.2% |
| Credit institutions | 430/8 | €19,926 | €7,534 | -€12,392 | -62.2% |
| Trade debts | 44 | €8,302 | €4,937 | -€3,365 | -40.5% |
| Suppliers | 440/4 | €8,302 | €4,937 | -€3,365 | -40.5% |
| Advances received on contracts in progress | 46 | - | €15,817 | +€15,817 | |
| Taxes, remuneration and social security | 45 | €152 | - | -€152 | |
| Taxes | 450/3 | €152 | - | -€152 | |
| Non-recurring operating income | 76A | €25 | €16 | -€9 | -35.9% |
| Remuneration, social security and pensions | 62 | - | €4,618 | +€4,618 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €311 | €575 | +€264 | +85.1% |
| Other operating charges | 640/8 | €408 | €460 | +€52 | +12.8% |
| Gross operating margin | 9900 | €6,673 | €3,882 | -€2,791 | -41.8% |
| Operating profit (loss) | 9901 | €5,954 | -€1,771 | -€7,725 | |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €2,044 | €1,023 | -€1,021 | -50.0% |
| Recurring financial charges | 65 | €2,044 | €1,023 | -€1,021 | -50.0% |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €3,911 | -€2,779 | -€6,689 | |
| Profit (loss) for the period | 9904 | €3,911 | -€2,779 | -€6,689 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,911 | -€2,779 | -€6,689 |
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 8 November 2026 via checked.be.