KETS WONINGBOUW: 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.
KETS WONINGBOUW
Largest movements
- Cash -€279,027
down €279,027 (-100%), from €279,027 to €0
mainly Investment in fixed assets (net) (-€219,039) and Receivables within one year (-€160,211)
- Tangible fixed assets +€206,541
up €206,541 (+126%), from €164,474 to €371,015
of which Other tangible fixed assets: +€210,153
- Receivables within one year +€160,211
up €160,211 (+141%), from €113,583 to €273,794
of which Trade receivables: +€154,419
- Stocks and contracts -€155,545
down €155,545 (-22.8%), from €681,746 to €526,201
of which Contracts in progress: -€155,545
- Profit (loss) carried forward -€111,143
down €111,143, from €0 to -€111,143
- Debts after one year +€99,832
up €99,832 (+105%), from €94,915 to €194,748
- Short-term financial debts -€71,248
down €71,248 (-19.5%), from €365,000 to €293,753
- Trade debts -€42,262
down €42,262 (-19.3%), from €219,048 to €176,786
- Reserves -€38,965
down €38,965 (-11.7%), from €332,484 to €293,519
of which Distributable reserves: -€38,965
- Gross operating margin -€137,732
down €137,732, from €106,470 to -€31,262
- Staff costs +€11,081
up €11,081 (+34.8%), from €31,803 to €42,884
- Taxes -€10,900
down €10,900 (-98.3%), from €11,093 to €193
- Depreciation +€4,454
up €4,454 (+24.6%), from €18,077 to €22,531
- Financial income +€4,153
up €4,153 (+50.5%), from €8,220 to €12,372
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 | €1,446,183 | €1,369,817 | -€76,367 | -5.3% |
| Fixed assets | 21/28 | €198,914 | €395,422 | +€196,508 | +98.8% |
| Tangible fixed assets | 22/27 | €164,474 | €371,015 | +€206,541 | +126% |
| Land and buildings | 22 | €139,209 | €122,776 | -€16,433 | -11.8% |
| Plant, machinery and equipment | 23 | €494 | €229 | -€264 | -53.6% |
| Furniture and vehicles | 24 | €2,132 | €15,217 | +€13,085 | +614% |
| Other tangible fixed assets | 26 | €22,640 | €232,793 | +€210,153 | +928% |
| Financial fixed assets | 28 | €34,440 | €24,407 | -€10,033 | -29.1% |
| Current assets | 29/58 | €1,247,269 | €974,395 | -€272,875 | -21.9% |
| Amounts receivable after more than one year | 29 | €160,000 | €160,000 | = | 0.0% |
| Other amounts receivable | 291 | €160,000 | €160,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €681,746 | €526,201 | -€155,545 | -22.8% |
| Stocks | 30/36 | €333,724 | €333,724 | = | 0.0% |
| Contracts in progress | 37 | €348,022 | €192,477 | -€155,545 | -44.7% |
| Amounts receivable within one year | 40/41 | €113,583 | €273,794 | +€160,211 | +141% |
| Trade receivables | 40 | €83,736 | €238,154 | +€154,419 | +184% |
| Other amounts receivable | 41 | €29,847 | €35,640 | +€5,792 | +19.4% |
| Cash at bank and in hand | 54/58 | €279,027 | €0 | -€279,027 | -100% |
| Deferred charges and accrued income | 490/1 | €12,913 | €14,400 | +€1,486 | +11.5% |
| Total equity and liabilities | 10/49 | €1,446,183 | €1,369,817 | -€76,367 | -5.3% |
| Equity | 10/15 | €338,684 | €188,576 | -€150,108 | -44.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €332,484 | €293,519 | -€38,965 | -11.7% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €330,629 | €291,664 | -€38,965 | -11.8% |
| Profit (loss) carried forward | 14 | €0 | -€111,143 | -€111,143 | |
| Amounts payable | 17/49 | €1,107,499 | €1,181,241 | +€73,741 | +6.7% |
| Amounts payable after more than one year | 17 | €94,915 | €194,748 | +€99,832 | +105% |
| Financial debts | 170/4 | €94,915 | €194,748 | +€99,832 | +105% |
| Amounts payable within one year | 42/48 | €1,012,584 | €986,493 | -€26,091 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €14,155 | €48,840 | +€34,685 | +245% |
| Financial debts | 43 | €365,000 | €293,753 | -€71,248 | -19.5% |
| Credit institutions | 430/8 | €365,000 | €293,753 | -€71,248 | -19.5% |
| Trade debts | 44 | €219,048 | €176,786 | -€42,262 | -19.3% |
| Suppliers | 440/4 | €219,048 | €176,786 | -€42,262 | -19.3% |
| Advances received on contracts in progress | 46 | €276,079 | €300,774 | +€24,695 | +8.9% |
| Taxes, remuneration and social security | 45 | €60,779 | €64,908 | +€4,129 | +6.8% |
| Taxes | 450/3 | €57,120 | €57,826 | +€706 | +1.2% |
| Remuneration and social security | 454/9 | €3,659 | €7,082 | +€3,423 | +93.6% |
| Other amounts payable | 47/48 | €77,523 | €101,433 | +€23,910 | +30.8% |
| Non-recurring operating income | 76A | €1,000 | €0 | -€1,000 | -100% |
| Remuneration, social security and pensions | 62 | €31,803 | €42,884 | +€11,081 | +34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,077 | €22,531 | +€4,454 | +24.6% |
| Other operating charges | 640/8 | €4,963 | €4,953 | -€10 | -0.2% |
| Gross operating margin | 9900 | €106,470 | -€31,262 | -€137,732 | |
| Operating profit (loss) | 9901 | €51,627 | -€101,630 | -€153,257 | |
| Financial income | 75/76B | €8,220 | €12,372 | +€4,153 | +50.5% |
| Recurring financial income | 75 | €8,220 | €12,372 | +€4,153 | +50.5% |
| Financial charges | 65/66B | €25,470 | €21,692 | -€3,777 | -14.8% |
| Recurring financial charges | 65 | €25,470 | €21,692 | -€3,777 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €34,377 | -€110,950 | -€145,327 | |
| Income taxes | 67/77 | €11,093 | €193 | -€10,900 | -98.3% |
| Profit (loss) for the period | 9904 | €23,284 | -€111,143 | -€134,427 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,284 | -€111,143 | -€134,427 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.