KEUKENDEAL: 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.
KEUKENDEAL
Largest movements
- Tangible fixed assets -€18,548
down €18,548 (-6.8%), from €272,718 to €254,170
- Cash -€17,455
no longer reported in 2025 (was €17,455)
mainly Net result for the year (-€27,821) and Other debts (-€11,611)
- Receivables within one year -€12,803
down €12,803 (-72.6%), from €17,643 to €4,840
of which Trade receivables: -€12,803
- Profit (loss) carried forward -€27,821
down €27,821 (-20.9%), from -€133,341 to -€161,162
- Other debts -€11,611
down €11,611 (-5.5%), from €209,807 to €198,196
- Debts after one year -€10,133
down €10,133 (-5.4%), from €188,919 to €178,786
- Current portion of long-term debt -€6,636
down €6,636 (-22.7%), from €29,269 to €22,633
- Trade debts +€4,428
up €4,428 (+86.8%), from €5,102 to €9,530
- Gross operating margin -€44,287
down €44,287 (-92.8%), from €47,707 to €3,420
- Financial charges -€7,181
down €7,181 (-50.0%), from €14,348 to €7,167
- Other operating charges +€4,594
up €4,594 (+493%), from €932 to €5,526
- Depreciation -€959
down €959 (-4.9%), from €19,506 to €18,548
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 | €311,263 | €263,423 | -€47,840 | -15.4% |
| Fixed assets | 21/28 | €275,849 | €257,301 | -€18,548 | -6.7% |
| Tangible fixed assets | 22/27 | €272,718 | €254,170 | -€18,548 | -6.8% |
| Land and buildings | 22 | €272,718 | €254,170 | -€18,548 | -6.8% |
| Financial fixed assets | 28 | €3,131 | €3,131 | = | 0.0% |
| Current assets | 29/58 | €35,415 | €6,122 | -€29,292 | -82.7% |
| Amounts receivable within one year | 40/41 | €17,643 | €4,840 | -€12,803 | -72.6% |
| Trade receivables | 40 | €14,450 | €1,647 | -€12,803 | -88.6% |
| Other amounts receivable | 41 | €3,193 | €3,193 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,455 | - | -€17,455 | |
| Deferred charges and accrued income | 490/1 | €316 | €1,282 | +€966 | +305% |
| Total equity and liabilities | 10/49 | €311,263 | €263,423 | -€47,840 | -15.4% |
| Equity | 10/15 | -€125,841 | -€153,662 | -€27,821 | -22.1% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€133,341 | -€161,162 | -€27,821 | -20.9% |
| Amounts payable | 17/49 | €437,104 | €417,086 | -€20,018 | -4.6% |
| Amounts payable after more than one year | 17 | €188,919 | €178,786 | -€10,133 | -5.4% |
| Financial debts | 170/4 | €188,919 | €178,786 | -€10,133 | -5.4% |
| Amounts payable within one year | 42/48 | €248,185 | €235,856 | -€12,329 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €29,269 | €22,633 | -€6,636 | -22.7% |
| Trade debts | 44 | €5,102 | €9,530 | +€4,428 | +86.8% |
| Suppliers | 440/4 | €5,102 | €9,530 | +€4,428 | +86.8% |
| Taxes, remuneration and social security | 45 | €4,008 | €5,497 | +€1,489 | +37.2% |
| Taxes | 450/3 | €4,008 | €5,497 | +€1,489 | +37.2% |
| Other amounts payable | 47/48 | €209,807 | €198,196 | -€11,611 | -5.5% |
| Accrued charges and deferred income | 492/3 | - | €2,444 | +€2,444 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,506 | €18,548 | -€959 | -4.9% |
| Other operating charges | 640/8 | €932 | €5,526 | +€4,594 | +493% |
| Gross operating margin | 9900 | €47,707 | €3,420 | -€44,287 | -92.8% |
| Operating profit (loss) | 9901 | €27,268 | -€20,654 | -€47,922 | |
| Financial charges | 65/66B | €14,348 | €7,167 | -€7,181 | -50.0% |
| Recurring financial charges | 65 | €14,348 | €7,167 | -€7,181 | -50.0% |
| Profit (loss) for the period before taxes | 9903 | €12,920 | -€27,821 | -€40,741 | |
| Profit (loss) for the period | 9904 | €12,920 | -€27,821 | -€40,741 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,920 | -€27,821 | -€40,741 |
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 17 October 2026 via checked.be.