KEUVELLAND: 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.
KEUVELLAND
Largest movements
- Stocks and contracts +€707,407
up €707,407 (+14.9%), from €4.7m to €5.4m
- Debts after one year +€4.8m
up €4.8m, from €0 to €4.8m
- Short-term financial debts -€2.6m
down €2.6m (-100%), from €2.6m to €0
- Current portion of long-term debt -€1.8m
down €1.8m (-100%), from €1.8m to €0
- Accrued charges and deferred income +€330,662
up €330,662 (+92.5%), from €357,344 to €688,006
- Purchases and services -€140,314
down €140,314 (-31.5%), from €445,871 to €305,558
- Financial charges -€1,582
down €1,582 (-67.3%), from €2,350 to €768
- Other operating charges -€834
down €834 (-21.7%), from €3,835 to €3,002
- Gross operating margin -€441
down €441 (-5.3%), from -€8,294 to -€8,735
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 | €4,838,102 | €5,551,455 | +€713,352 | +14.7% |
| Current assets | 29/58 | €4,838,102 | €5,551,455 | +€713,352 | +14.7% |
| Stocks and contracts in progress | 3 | €4,738,509 | €5,445,916 | +€707,407 | +14.9% |
| Stocks | 30/36 | €4,738,509 | €5,445,916 | +€707,407 | +14.9% |
| Amounts receivable within one year | 40/41 | €93,643 | €92,250 | -€1,393 | -1.5% |
| Trade receivables | 40 | €93,643 | €92,250 | -€1,393 | -1.5% |
| Cash at bank and in hand | 54/58 | €5,950 | €11,103 | +€5,153 | +86.6% |
| Deferred charges and accrued income | 490/1 | - | €2,186 | +€2,186 | |
| Total equity and liabilities | 10/49 | €4,838,102 | €5,551,455 | +€713,352 | +14.7% |
| Equity | 10/15 | €37,493 | €24,989 | -€12,505 | -33.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,007 | -€36,511 | -€12,505 | -52.1% |
| Amounts payable | 17/49 | €4,800,609 | €5,526,466 | +€725,857 | +15.1% |
| Amounts payable after more than one year | 17 | €0 | €4,820,420 | +€4.8m | |
| Financial debts | 170/4 | €0 | €4,820,420 | +€4.8m | |
| Amounts payable within one year | 42/48 | €4,443,265 | €18,040 | -€4.4m | -99.6% |
| Current portion of amounts payable after more than one year | 42 | €1,825,420 | €0 | -€1.8m | -100% |
| Financial debts | 43 | €2,600,000 | €0 | -€2.6m | -100% |
| Credit institutions | 430/8 | €2,600,000 | €0 | -€2.6m | -100% |
| Trade debts | 44 | €17,845 | €18,040 | +€195 | +1.1% |
| Suppliers | 440/4 | €17,845 | €18,040 | +€195 | +1.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €357,344 | €688,006 | +€330,662 | +92.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €445,871 | €305,558 | -€140,314 | -31.5% |
| Other operating charges | 640/8 | €3,835 | €3,002 | -€834 | -21.7% |
| Gross operating margin | 9900 | -€8,294 | -€8,735 | -€441 | -5.3% |
| Operating profit (loss) | 9901 | -€12,130 | -€11,736 | +€393 | +3.2% |
| Financial charges | 65/66B | €2,350 | €768 | -€1,582 | -67.3% |
| Recurring financial charges | 65 | €2,350 | €768 | -€1,582 | -67.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,480 | -€12,505 | +€1,976 | +13.6% |
| Profit (loss) for the period | 9904 | -€14,480 | -€12,505 | +€1,976 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,480 | -€12,505 | +€1,976 | +13.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.