LORE VAN KEER: what changed
What changed
LORE VAN KEER
NACE 32.123, Manufacture of jewellery
filed annual accounts (NBB)
Net result for the year
€81,588
2024 · €240,310-€158,722
Equity
€555,460
2024 · €473,872+€81,588
Cash
€119,176
2024 · €93,219+€25,957
Balance sheet total
€1.5m
2024 · €1.4m+€122,671
Largest movements
Assets
- Stocks and contracts +€72,753
up €72,753 (+22.4%), from €324,223 to €396,976
- Receivables within one year +€68,646
up €68,646 (+51.1%), from €134,303 to €202,949
of which Trade receivables: +€94,993
- Tangible fixed assets -€35,568
down €35,568 (-4.4%), from €807,688 to €772,119
of which Land and buildings: -€35,099
- Cash +€25,957
up €25,957 (+27.8%), from €93,219 to €119,176
mainly Net result for the year (+€81,588) and Depreciation (+€57,629)
Equity and liabilities
- Reserves +€81,588
up €81,588 (+17.9%), from €455,272 to €536,860
of which Distributable reserves: +€88,547
- Trade debts -€73,424
down €73,424 (-51.5%), from €142,528 to €69,104
- Advances received +€53,106
up €53,106 (+56.3%), from €94,302 to €147,408
- Tax, wage and social debts +€32,846
up €32,846 (+184%), from €17,863 to €50,709
of which Remuneration and social security: +€20,554
- Current portion of long-term debt +€30,074
up €30,074 (+177%), from €17,023 to €47,097
Income statement
- Staff costs +€127,165
up €127,165 (+105%), from €120,632 to €247,797
- Depreciation +€18,045
up €18,045 (+45.6%), from €39,584 to €57,629
- Write-downs +€17,950
up €17,950, from -€17,606 to €345
- Gross operating margin -€15,489
down €15,489 (-3.3%), from €467,460 to €451,971
- Taxes +€11,994
up €11,994 (+53.2%), from €22,543 to €34,536
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
€240,310
Gross operating margin
-€15,489
Staff costs
-€127,165
Depreciation
-€18,045
Write-downs
-€17,950
Other operating charges
-€576
Financial income
-€5,792
Financial charges
+€2,684
Taxes
-€11,994
Deferred taxes and other
+€35,606
Result 2025
€81,588
raises the resultlowers the resultnot broken down further in the accounts
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
-€7,129
Investment
-€9,938
Financing
+€43,023
Cash 2024
€93,219
From operations (derived)
-€7,129
Net result for the year
+€81,588
Depreciation
+€57,629
Stocks and contracts
-€72,753
Receivables within one year
-€68,646
Deferred charges and accrued income
-€3,006
Provisions
-€1,740
Trade debts
-€73,424
Tax, wage and social debts
+€32,846
Advances received
+€53,106
Other debts
-€12,729
Investment (derived)
-€9,938
Investment in fixed assets (net)
-€9,938
Financing
+€43,023
Debts after one year
-€3,619
Current portion of long-term debt
+€30,074
Short-term financial debts
+€16,568
Cash 2025
€119,176
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,392,599 | €1,515,270 | +€122,671 | +8.8% |
| Fixed assets | 21/28 | €837,008 | €789,317 | -€47,692 | -5.7% |
| Intangible fixed assets | 21 | €29,321 | €17,197 | -€12,123 | -41.3% |
| Tangible fixed assets | 22/27 | €807,688 | €772,119 | -€35,568 | -4.4% |
| Land and buildings | 22 | €789,115 | €754,016 | -€35,099 | -4.4% |
| Plant, machinery and equipment | 23 | €13,088 | €11,342 | -€1,746 | -13.3% |
| Furniture and vehicles | 24 | €5,485 | €6,761 | +€1,276 | +23.3% |
| Current assets | 29/58 | €555,591 | €725,953 | +€170,362 | +30.7% |
| Stocks and contracts in progress | 3 | €324,223 | €396,976 | +€72,753 | +22.4% |
| Stocks | 30/36 | €324,223 | €396,976 | +€72,753 | +22.4% |
| Amounts receivable within one year | 40/41 | €134,303 | €202,949 | +€68,646 | +51.1% |
| Trade receivables | 40 | €103,331 | €198,324 | +€94,993 | +91.9% |
| Other amounts receivable | 41 | €30,972 | €4,625 | -€26,347 | -85.1% |
| Cash at bank and in hand | 54/58 | €93,219 | €119,176 | +€25,957 | +27.8% |
| Deferred charges and accrued income | 490/1 | €3,846 | €6,852 | +€3,006 | +78.2% |
| Total equity and liabilities | 10/49 | €1,392,599 | €1,515,270 | +€122,671 | +8.8% |
| Equity | 10/15 | €473,872 | €555,460 | +€81,588 | +17.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €455,272 | €536,860 | +€81,588 | +17.9% |
| Tax-exempt reserves | 132 | €135,465 | €128,506 | -€6,959 | -5.1% |
| Distributable reserves | 133 | €319,807 | €408,353 | +€88,547 | +27.7% |
| Provisions and deferred taxes | 16 | €33,866 | €32,127 | -€1,740 | -5.1% |
| Deferred taxes | 168 | €33,866 | €32,127 | -€1,740 | -5.1% |
| Amounts payable | 17/49 | €884,861 | €927,684 | +€42,823 | +4.8% |
| Amounts payable after more than one year | 17 | €542,177 | €538,558 | -€3,619 | -0.7% |
| Financial debts | 170/4 | €542,177 | €538,558 | -€3,619 | -0.7% |
| Amounts payable within one year | 42/48 | €342,684 | €389,125 | +€46,441 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €17,023 | €47,097 | +€30,074 | +177% |
| Financial debts | 43 | €23,551 | €40,119 | +€16,568 | +70.3% |
| Credit institutions | 430/8 | €23,551 | €40,119 | +€16,568 | +70.3% |
| Trade debts | 44 | €142,528 | €69,104 | -€73,424 | -51.5% |
| Suppliers | 440/4 | €142,528 | €69,104 | -€73,424 | -51.5% |
| Advances received on contracts in progress | 46 | €94,302 | €147,408 | +€53,106 | +56.3% |
| Taxes, remuneration and social security | 45 | €17,863 | €50,709 | +€32,846 | +184% |
| Taxes | 450/3 | €8,226 | €20,518 | +€12,292 | +149% |
| Remuneration and social security | 454/9 | €9,637 | €30,191 | +€20,554 | +213% |
| Other amounts payable | 47/48 | €47,417 | €34,688 | -€12,729 | -26.8% |
| Non-recurring operating income | 76A | €173,974 | - | -€173,974 | |
| Remuneration, social security and pensions | 62 | €120,632 | €247,797 | +€127,165 | +105% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,584 | €57,629 | +€18,045 | +45.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€17,606 | €345 | +€17,950 | |
| Other operating charges | 640/8 | €1,771 | €2,347 | +€576 | +32.5% |
| Gross operating margin | 9900 | €467,460 | €451,971 | -€15,489 | -3.3% |
| Operating profit (loss) | 9901 | €323,079 | €143,853 | -€179,226 | -55.5% |
| Financial income | 75/76B | €5,823 | €31 | -€5,792 | -99.5% |
| Recurring financial income | 75 | €5,823 | €31 | -€5,792 | -99.5% |
| Financial charges | 65/66B | €32,183 | €29,499 | -€2,684 | -8.3% |
| Recurring financial charges | 65 | €32,183 | €29,499 | -€2,684 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €296,719 | €114,384 | -€182,335 | -61.5% |
| Transfer from deferred taxes | 780 | €928 | €1,740 | +€811 | +87.4% |
| Transfer to deferred taxes | 680 | €34,795 | - | -€34,795 | |
| Income taxes | 67/77 | €22,543 | €34,536 | +€11,994 | +53.2% |
| Profit (loss) for the period | 9904 | €240,310 | €81,588 | -€158,722 | -66.0% |
| Transfer from tax-exempt reserves | 789 | €3,714 | €6,959 | +€3,245 | +87.4% |
| Transfer to tax-exempt reserves | 689 | €139,179 | - | -€139,179 | |
| Profit (loss) for the period to be appropriated | 9905 | €104,845 | €88,547 | -€16,298 | -15.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.