KEUKENS +: 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.
KEUKENS +
Largest movements
- Tangible fixed assets +€34,727
up €34,727 (+286%), from €12,121 to €46,849
of which Furniture and vehicles: +€31,934
- Receivables within one year +€17,387
up €17,387 (+55.8%), from €31,142 to €48,529
of which Trade receivables: +€27,384
- Cash -€8,268
down €8,268 (-46.5%), from €17,770 to €9,502
mainly Investment in fixed assets (net) (-€39,006) and Receivables within one year (-€17,387)
- Profit (loss) carried forward +€38,590
no longer reported in 2025 (was -€38,590)
- Tax, wage and social debts +€7,270
up €7,270 (+4,607%), from €158 to €7,428
- Reserves -€3,556
down €3,556 (-4.3%), from €81,850 to €78,294
of which Distributable reserves: -€3,556
- Gross operating margin +€58,554
up €58,554 (+8,460%), from €692 to €59,247
- Taxes +€5,336
new in 2025: €5,336
- Depreciation +€976
up €976 (+28.5%), from €3,423 to €4,399
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 | €62,010 | €104,880 | +€42,870 | +69.1% |
| Fixed assets | 21/28 | €12,241 | €46,849 | +€34,607 | +283% |
| Tangible fixed assets | 22/27 | €12,121 | €46,849 | +€34,727 | +286% |
| Plant, machinery and equipment | 23 | €7,422 | €7,199 | -€223 | -3.0% |
| Furniture and vehicles | 24 | €4,700 | €36,634 | +€31,934 | +679% |
| Other tangible fixed assets | 26 | - | €3,017 | +€3,017 | |
| Financial fixed assets | 28 | €120 | - | -€120 | |
| Current assets | 29/58 | €49,768 | €58,031 | +€8,263 | +16.6% |
| Amounts receivable within one year | 40/41 | €31,142 | €48,529 | +€17,387 | +55.8% |
| Trade receivables | 40 | €14,785 | €42,169 | +€27,384 | +185% |
| Other amounts receivable | 41 | €16,357 | €6,360 | -€9,997 | -61.1% |
| Cash at bank and in hand | 54/58 | €17,770 | €9,502 | -€8,268 | -46.5% |
| Deferred charges and accrued income | 490/1 | €856 | - | -€856 | |
| Total equity and liabilities | 10/49 | €62,010 | €104,880 | +€42,870 | +69.1% |
| Equity | 10/15 | €61,852 | €96,886 | +€35,034 | +56.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €81,850 | €78,294 | -€3,556 | -4.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,296 | €26,296 | = | 0.0% |
| Distributable reserves | 133 | €53,694 | €50,138 | -€3,556 | -6.6% |
| Profit (loss) carried forward | 14 | -€38,590 | - | +€38,590 | |
| Amounts payable | 17/49 | €158 | €7,994 | +€7,836 | +4,965% |
| Amounts payable within one year | 42/48 | €158 | €7,994 | +€7,836 | +4,965% |
| Trade debts | 44 | - | €566 | +€566 | |
| Suppliers | 440/4 | - | €566 | +€566 | |
| Taxes, remuneration and social security | 45 | €158 | €7,428 | +€7,270 | +4,607% |
| Taxes | 450/3 | €158 | €7,428 | +€7,270 | +4,607% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,423 | €4,399 | +€976 | +28.5% |
| Other operating charges | 640/8 | €1,178 | €1,757 | +€578 | +49.1% |
| Non-recurring operating charges | 66A | €6,296 | - | -€6,296 | |
| Gross operating margin | 9900 | €692 | €59,247 | +€58,554 | +8,460% |
| Operating profit (loss) | 9901 | -€10,205 | €53,091 | +€63,296 | |
| Financial income | 75/76B | €1,129 | €1,279 | +€150 | +13.3% |
| Recurring financial income | 75 | €1,129 | €1,279 | +€150 | +13.3% |
| Financial charges | 65/66B | €80 | €305 | +€225 | +280% |
| Recurring financial charges | 65 | €80 | €305 | +€225 | +280% |
| Profit (loss) for the period before taxes | 9903 | -€9,157 | €54,064 | +€63,221 | |
| Income taxes | 67/77 | - | €5,336 | +€5,336 | |
| Profit (loss) for the period | 9904 | -€9,157 | €48,728 | +€57,885 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,157 | €48,728 | +€57,885 |
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 25 October 2026 via checked.be.