KEUKENS BELLEMANS: what changed
What changed
KEUKENS BELLEMANS
NACE 47.551, Retail sale of household furniture
filed annual accounts (NBB)
Net result for the year
€5,901
2024 · -€49,267+€55,168
Equity
€53,852
2024 · €47,951+€5,901
Cash
€33,245
2024 · €10,682+€22,563
Balance sheet total
€391,386
2024 · €456,874-€65,487
Largest movements
Assets
- Tangible fixed assets -€46,155
down €46,155 (-15.2%), from €304,626 to €258,471
- Receivables within one year -€27,646
down €27,646 (-76.1%), from €36,335 to €8,689
of which Trade receivables: -€27,775
- Cash +€22,563
up €22,563 (+211%), from €10,682 to €33,245
mainly Depreciation (+€50,395) and Receivables within one year (+€27,646)
- Stocks and contracts -€20,607
down €20,607 (-20.1%), from €102,553 to €81,946
- Deferred charges and accrued income +€6,357
up €6,357 (+267%), from €2,376 to €8,733
Equity and liabilities
- Other debts -€35,925
down €35,925 (-16.3%), from €220,673 to €184,748
- Debts after one year -€25,962
down €25,962 (-36.0%), from €72,137 to €46,175
- Current portion of long-term debt -€6,426
down €6,426 (-19.8%), from €32,389 to €25,962
- Profit (loss) carried forward +€5,901
up €5,901 (+3.8%), from -€154,116 to -€148,215
Income statement
- Gross operating margin +€34,075
up €34,075 (+25.5%), from €133,585 to €167,660
- Depreciation -€17,825
down €17,825 (-26.1%), from €68,220 to €50,395
- Financial charges -€11,481
down €11,481 (-76.1%), from €15,089 to €3,608
- Staff costs +€9,617
up €9,617 (+10.3%), from €93,802 to €103,419
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
-€49,267
Gross operating margin
+€34,075
Staff costs
-€9,617
Depreciation
+€17,825
Other operating charges
+€210
Financial income
+€1,065
Financial charges
+€11,481
Taxes
+€130
Result 2025
€5,901
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
+€59,192
Investment
-€4,240
Financing
-€32,389
Cash 2024
€10,682
From operations (derived)
+€59,192
Net result for the year
+€5,901
Depreciation
+€50,395
Stocks and contracts
+€20,607
Receivables within one year
+€27,646
Deferred charges and accrued income
-€6,357
Trade debts
+€633
Tax, wage and social debts
-€4,284
Other debts
-€35,925
Accrued charges and deferred income
+€576
Investment (derived)
-€4,240
Investment in fixed assets (net)
-€4,240
Financing
-€32,389
Debts after one year
-€25,962
Current portion of long-term debt
-€6,426
Cash 2025
€33,245
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €456,874 | €391,386 | -€65,487 | -14.3% |
| Fixed assets | 21/28 | €304,928 | €258,773 | -€46,155 | -15.1% |
| Tangible fixed assets | 22/27 | €304,626 | €258,471 | -€46,155 | -15.2% |
| Land and buildings | 22 | €162,154 | €144,113 | -€18,041 | -11.1% |
| Plant, machinery and equipment | 23 | €83,595 | €65,410 | -€18,185 | -21.8% |
| Furniture and vehicles | 24 | €6,047 | €7,745 | +€1,698 | +28.1% |
| Leasing and similar rights | 25 | €52,831 | €41,203 | -€11,627 | -22.0% |
| Financial fixed assets | 28 | €302 | €302 | = | 0.0% |
| Current assets | 29/58 | €151,946 | €132,614 | -€19,332 | -12.7% |
| Stocks and contracts in progress | 3 | €102,553 | €81,946 | -€20,607 | -20.1% |
| Stocks | 30/36 | €102,553 | €81,946 | -€20,607 | -20.1% |
| Amounts receivable within one year | 40/41 | €36,335 | €8,689 | -€27,646 | -76.1% |
| Trade receivables | 40 | €36,152 | €8,377 | -€27,775 | -76.8% |
| Other amounts receivable | 41 | €183 | €313 | +€130 | +71.0% |
| Cash at bank and in hand | 54/58 | €10,682 | €33,245 | +€22,563 | +211% |
| Deferred charges and accrued income | 490/1 | €2,376 | €8,733 | +€6,357 | +267% |
| Total equity and liabilities | 10/49 | €456,874 | €391,386 | -€65,487 | -14.3% |
| Equity | 10/15 | €47,951 | €53,852 | +€5,901 | +12.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €183,475 | €183,475 | = | 0.0% |
| Distributable reserves | 133 | €183,475 | €183,475 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€154,116 | -€148,215 | +€5,901 | +3.8% |
| Provisions and deferred taxes | 16 | €47,920 | €47,920 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €47,920 | €47,920 | = | 0.0% |
| Pensions and similar obligations | 160 | €47,920 | €47,920 | = | 0.0% |
| Amounts payable | 17/49 | €361,003 | €289,614 | -€71,389 | -19.8% |
| Amounts payable after more than one year | 17 | €72,137 | €46,175 | -€25,962 | -36.0% |
| Financial debts | 170/4 | €72,137 | €46,175 | -€25,962 | -36.0% |
| Amounts payable within one year | 42/48 | €287,409 | €241,406 | -€46,002 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €32,389 | €25,962 | -€6,426 | -19.8% |
| Trade debts | 44 | €23,438 | €24,071 | +€633 | +2.7% |
| Suppliers | 440/4 | €23,438 | €24,071 | +€633 | +2.7% |
| Taxes, remuneration and social security | 45 | €10,909 | €6,625 | -€4,284 | -39.3% |
| Taxes | 450/3 | €7,435 | €1,390 | -€6,044 | -81.3% |
| Remuneration and social security | 454/9 | €3,474 | €5,235 | +€1,761 | +50.7% |
| Other amounts payable | 47/48 | €220,673 | €184,748 | -€35,925 | -16.3% |
| Accrued charges and deferred income | 492/3 | €1,457 | €2,033 | +€576 | +39.6% |
| Remuneration, social security and pensions | 62 | €93,802 | €103,419 | +€9,617 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,220 | €50,395 | -€17,825 | -26.1% |
| Other operating charges | 640/8 | €5,704 | €5,493 | -€210 | -3.7% |
| Gross operating margin | 9900 | €133,585 | €167,660 | +€34,075 | +25.5% |
| Operating profit (loss) | 9901 | -€34,140 | €8,352 | +€42,493 | |
| Financial income | 75/76B | €280 | €1,345 | +€1,065 | +380% |
| Recurring financial income | 75 | €280 | €1,345 | +€1,065 | +380% |
| Financial charges | 65/66B | €15,089 | €3,608 | -€11,481 | -76.1% |
| Recurring financial charges | 65 | €15,089 | €3,608 | -€11,481 | -76.1% |
| Profit (loss) for the period before taxes | 9903 | -€48,950 | €6,089 | +€55,038 | |
| Income taxes | 67/77 | €317 | €187 | -€130 | -40.9% |
| Profit (loss) for the period | 9904 | -€49,267 | €5,901 | +€55,168 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,267 | €5,901 | +€55,168 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.