KEUKENSTUDIE ZELCK: what changed
KEUKENSTUDIE ZELCK
Largest movements
- Receivables within one year -€15,879
down €15,879 (-44.5%), from €35,651 to €19,772
- Cash +€14,678
up €14,678 (+69,895%), from €21 to €14,699
mainly Receivables within one year (+€15,879) and Depreciation (+€5,547)
- Tangible fixed assets -€5,548
down €5,548 (-43.5%), from €12,763 to €7,215
- Deferred charges and accrued income +€1,475
up €1,475 (+339%), from €435 to €1,910
- Stocks and contracts +€548
up €548 (+10.8%), from €5,084 to €5,632
- Tax, wage and social debts +€3,680
up €3,680 (+38.7%), from €9,515 to €13,195
of which Remuneration and social security: +€6,843
- Current portion of long-term debt -€2,943
no longer reported in 2025 (was €2,943)
- Trade debts -€2,703
down €2,703 (-95.1%), from €2,843 to €140
- Profit (loss) carried forward -€1,786
down €1,786 (-10.4%), from €17,178 to €15,392
- Short-term financial debts -€1,024
no longer reported in 2025 (was €1,024)
- Gross operating margin +€895
up €895 (+28.8%), from €3,105 to €4,000
- Financial income +€333
up €333 (+68.8%), from €484 to €817
- Financial charges -€232
down €232 (-54.8%), from €423 to €191
- Other operating charges +€130
up €130 (+23.0%), from €564 to €694
- Depreciation -€119
down €119 (-2.1%), from €5,666 to €5,547
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,954 | €49,228 | -€4,726 | -8.8% |
| Fixed assets | 21/28 | €12,763 | €7,215 | -€5,548 | -43.5% |
| Tangible fixed assets | 22/27 | €12,763 | €7,215 | -€5,548 | -43.5% |
| Furniture and vehicles | 24 | €12,763 | €7,215 | -€5,548 | -43.5% |
| Current assets | 29/58 | €41,191 | €42,013 | +€822 | +2.0% |
| Stocks and contracts in progress | 3 | €5,084 | €5,632 | +€548 | +10.8% |
| Stocks | 30/36 | €5,084 | €5,632 | +€548 | +10.8% |
| Amounts receivable within one year | 40/41 | €35,651 | €19,772 | -€15,879 | -44.5% |
| Trade receivables | 40 | €35,651 | €19,772 | -€15,879 | -44.5% |
| Cash at bank and in hand | 54/58 | €21 | €14,699 | +€14,678 | +69,895% |
| Deferred charges and accrued income | 490/1 | €435 | €1,910 | +€1,475 | +339% |
| Total equity and liabilities | 10/49 | €53,954 | €49,228 | -€4,726 | -8.8% |
| Equity | 10/15 | €19,037 | €17,251 | -€1,786 | -9.4% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,178 | €15,392 | -€1,786 | -10.4% |
| Amounts payable | 17/49 | €34,917 | €31,977 | -€2,940 | -8.4% |
| Amounts payable after more than one year | 17 | €18,592 | €18,592 | = | 0.0% |
| Other amounts payable | 178/9 | €18,592 | €18,592 | = | 0.0% |
| Amounts payable within one year | 42/48 | €16,325 | €13,385 | -€2,940 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €2,943 | - | -€2,943 | |
| Financial debts | 43 | €1,024 | - | -€1,024 | |
| Credit institutions | 430/8 | €1,024 | - | -€1,024 | |
| Trade debts | 44 | €2,843 | €140 | -€2,703 | -95.1% |
| Suppliers | 440/4 | €2,843 | €140 | -€2,703 | -95.1% |
| Taxes, remuneration and social security | 45 | €9,515 | €13,195 | +€3,680 | +38.7% |
| Taxes | 450/3 | €3,321 | €158 | -€3,163 | -95.2% |
| Remuneration and social security | 454/9 | €6,194 | €13,037 | +€6,843 | +110% |
| Other amounts payable | 47/48 | - | €50 | +€50 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,666 | €5,547 | -€119 | -2.1% |
| Other operating charges | 640/8 | €564 | €694 | +€130 | +23.0% |
| Gross operating margin | 9900 | €3,105 | €4,000 | +€895 | +28.8% |
| Operating profit (loss) | 9901 | -€3,125 | -€2,241 | +€884 | +28.3% |
| Financial income | 75/76B | €484 | €817 | +€333 | +68.8% |
| Recurring financial income | 75 | €484 | €817 | +€333 | +68.8% |
| Financial charges | 65/66B | €423 | €191 | -€232 | -54.8% |
| Recurring financial charges | 65 | €423 | €191 | -€232 | -54.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,064 | -€1,615 | +€1,449 | +47.3% |
| Income taxes | 67/77 | €162 | €171 | +€9 | +5.6% |
| Profit (loss) for the period | 9904 | -€3,226 | -€1,786 | +€1,440 | +44.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,226 | -€1,786 | +€1,440 | +44.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.