KEUKENS STROO: 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 STROO
Largest movements
- Cash -€205,826
down €205,826 (-65.6%), from €313,530 to €107,705
mainly Trade debts (-€297,503) and Investment in fixed assets (net) (-€68,818)
- Receivables within one year -€191,556
down €191,556 (-87.0%), from €220,062 to €28,506
of which Trade receivables: -€184,038
- Stocks and contracts +€44,037
up €44,037 (+70.8%), from €62,158 to €106,195
- Tangible fixed assets +€19,069
up €19,069 (+5.1%), from €376,530 to €395,599
of which Plant, machinery and equipment: +€41,328
- Trade debts -€297,503
down €297,503 (-81.3%), from €365,777 to €68,273
- Debts after one year -€33,554
down €33,554 (-23.1%), from €145,433 to €111,879
- Advances received -€27,007
down €27,007 (-44.6%), from €60,507 to €33,500
- Profit (loss) carried forward +€11,512
up €11,512 (+5.4%), from -€214,347 to -€202,834
- Gross operating margin +€17,603
up €17,603 (+13.6%), from €129,141 to €146,745
- Financial income -€13,050
down €13,050 (-37.9%), from €34,428 to €21,378
- Depreciation +€13,023
up €13,023 (+35.5%), from €36,726 to €49,749
- Financial charges -€9,811
down €9,811 (-32.2%), from €30,471 to €20,661
- Staff costs +€4,030
up €4,030 (+5.4%), from €74,701 to €78,731
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.
Cash bridge derived
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 | €972,932 | €638,642 | -€334,290 | -34.4% |
| Fixed assets | 21/28 | €376,530 | €395,599 | +€19,069 | +5.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €376,530 | €395,599 | +€19,069 | +5.1% |
| Land and buildings | 22 | €309,741 | €296,136 | -€13,605 | -4.4% |
| Plant, machinery and equipment | 23 | €20,767 | €62,095 | +€41,328 | +199.0% |
| Furniture and vehicles | 24 | €46,023 | €37,369 | -€8,654 | -18.8% |
| Current assets | 29/58 | €596,402 | €243,043 | -€353,359 | -59.2% |
| Stocks and contracts in progress | 3 | €62,158 | €106,195 | +€44,037 | +70.8% |
| Stocks | 30/36 | €62,158 | €106,195 | +€44,037 | +70.8% |
| Amounts receivable within one year | 40/41 | €220,062 | €28,506 | -€191,556 | -87.0% |
| Trade receivables | 40 | €198,297 | €14,259 | -€184,038 | -92.8% |
| Other amounts receivable | 41 | €21,765 | €14,247 | -€7,518 | -34.5% |
| Cash at bank and in hand | 54/58 | €313,530 | €107,705 | -€205,826 | -65.6% |
| Deferred charges and accrued income | 490/1 | €651 | €637 | -€14 | -2.2% |
| Total equity and liabilities | 10/49 | €972,932 | €638,642 | -€334,290 | -34.4% |
| Equity | 10/15 | €231,244 | €242,756 | +€11,512 | +5.0% |
| Contributions | 10/11 | €443,732 | €443,732 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€214,347 | -€202,834 | +€11,512 | +5.4% |
| Amounts payable | 17/49 | €741,688 | €395,886 | -€345,803 | -46.6% |
| Amounts payable after more than one year | 17 | €145,433 | €111,879 | -€33,554 | -23.1% |
| Financial debts | 170/4 | €145,433 | €111,879 | -€33,554 | -23.1% |
| Amounts payable within one year | 42/48 | €593,776 | €281,487 | -€312,289 | -52.6% |
| Current portion of amounts payable after more than one year | 42 | €33,250 | €33,554 | +€304 | +0.9% |
| Trade debts | 44 | €365,777 | €68,273 | -€297,503 | -81.3% |
| Suppliers | 440/4 | €365,777 | €68,273 | -€297,503 | -81.3% |
| Advances received on contracts in progress | 46 | €60,507 | €33,500 | -€27,007 | -44.6% |
| Taxes, remuneration and social security | 45 | €8,476 | €17,916 | +€9,439 | +111.4% |
| Taxes | 450/3 | - | €6,440 | +€6,440 | |
| Remuneration and social security | 454/9 | €8,476 | €11,476 | +€3,000 | +35.4% |
| Other amounts payable | 47/48 | €125,766 | €128,245 | +€2,479 | +2.0% |
| Accrued charges and deferred income | 492/3 | €2,479 | €2,519 | +€40 | +1.6% |
| Non-recurring operating income | 76A | €9,487 | €22,004 | +€12,517 | +132.0% |
| Remuneration, social security and pensions | 62 | €74,701 | €78,731 | +€4,030 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,726 | €49,749 | +€13,023 | +35.5% |
| Other operating charges | 640/8 | €5,596 | €5,621 | +€25 | +0.4% |
| Non-recurring operating charges | 66A | - | €1,869 | +€1,869 | |
| Gross operating margin | 9900 | €129,141 | €146,745 | +€17,603 | +13.6% |
| Operating profit (loss) | 9901 | €12,118 | €10,775 | -€1,343 | -11.1% |
| Financial income | 75/76B | €34,428 | €21,378 | -€13,050 | -37.9% |
| Recurring financial income | 75 | €34,428 | €21,378 | -€13,050 | -37.9% |
| Financial charges | 65/66B | €30,471 | €20,661 | -€9,811 | -32.2% |
| Recurring financial charges | 65 | €30,471 | €20,661 | -€9,811 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €16,075 | €11,492 | -€4,582 | -28.5% |
| Income taxes | 67/77 | €0 | -€20 | -€20 | |
| Profit (loss) for the period | 9904 | €16,075 | €11,512 | -€4,563 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,075 | €11,512 | -€4,563 | -28.4% |
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 9 October 2026 via checked.be.