MENUISERIE DE KEUSTER: 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.
MENUISERIE DE KEUSTER
Largest movements
- Receivables within one year -€29,270
down €29,270 (-23.6%), from €123,872 to €94,602
of which Trade receivables: -€18,541
- Cash -€22,634
down €22,634 (-87.8%), from €25,785 to €3,151
mainly Net result for the year (-€55,727) and Trade debts (-€15,770)
- Tangible fixed assets -€16,665
down €16,665 (-34.3%), from €48,546 to €31,881
of which Leasing and similar rights: -€16,600
- Deferred charges and accrued income -€2,823
down €2,823 (-60.5%), from €4,666 to €1,843
- Profit (loss) carried forward -€55,727
down €55,727 (-465%), from -€11,980 to -€67,707
- Trade debts -€15,770
down €15,770 (-25.9%), from €60,825 to €45,054
- Debts after one year -€14,725
down €14,725 (-47.3%), from €31,146 to €16,421
- Other debts +€10,049
up €10,049 (+104%), from €9,643 to €19,692
- Tax, wage and social debts +€7,161
up €7,161 (+48.8%), from €14,669 to €21,830
of which Remuneration and social security: +€7,015
- Turnover -€242,796
no longer reported in 2025 (was €242,796)
- Purchases and services -€146,715
no longer reported in 2025 (was €146,715)
- Gross operating margin -€48,404
down €48,404 (-50.4%), from €96,082 to €47,677
- Staff costs +€15,405
up €15,405 (+22.5%), from €68,539 to €83,944
- Other operating charges -€3,909
down €3,909 (-74.0%), from €5,282 to €1,374
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 | €203,044 | €131,652 | -€71,392 | -35.2% |
| Fixed assets | 21/28 | €48,721 | €32,056 | -€16,665 | -34.2% |
| Tangible fixed assets | 22/27 | €48,546 | €31,881 | -€16,665 | -34.3% |
| Plant, machinery and equipment | 23 | €129 | €65 | -€65 | -50.0% |
| Leasing and similar rights | 25 | €48,417 | €31,817 | -€16,600 | -34.3% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €154,323 | €99,595 | -€54,727 | -35.5% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €123,872 | €94,602 | -€29,270 | -23.6% |
| Trade receivables | 40 | €106,473 | €87,932 | -€18,541 | -17.4% |
| Other amounts receivable | 41 | €17,399 | €6,670 | -€10,729 | -61.7% |
| Cash at bank and in hand | 54/58 | €25,785 | €3,151 | -€22,634 | -87.8% |
| Deferred charges and accrued income | 490/1 | €4,666 | €1,843 | -€2,823 | -60.5% |
| Total equity and liabilities | 10/49 | €203,044 | €131,652 | -€71,392 | -35.2% |
| Equity | 10/15 | €69,636 | €13,909 | -€55,727 | -80.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €75,417 | €75,417 | = | 0.0% |
| Distributable reserves | 133 | €75,417 | €75,417 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,980 | -€67,707 | -€55,727 | -465% |
| Amounts payable | 17/49 | €133,407 | €117,743 | -€15,665 | -11.7% |
| Amounts payable after more than one year | 17 | €31,146 | €16,421 | -€14,725 | -47.3% |
| Financial debts | 170/4 | €31,146 | €16,421 | -€14,725 | -47.3% |
| Amounts payable within one year | 42/48 | €99,885 | €101,301 | +€1,416 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €14,725 | €14,725 | = | 0.0% |
| Financial debts | 43 | €24 | - | -€24 | |
| Credit institutions | 430/8 | €24 | - | -€24 | |
| Trade debts | 44 | €60,825 | €45,054 | -€15,770 | -25.9% |
| Suppliers | 440/4 | €60,825 | €45,054 | -€15,770 | -25.9% |
| Taxes, remuneration and social security | 45 | €14,669 | €21,830 | +€7,161 | +48.8% |
| Taxes | 450/3 | €352 | €498 | +€146 | +41.6% |
| Remuneration and social security | 454/9 | €14,317 | €21,331 | +€7,015 | +49.0% |
| Other amounts payable | 47/48 | €9,643 | €19,692 | +€10,049 | +104% |
| Accrued charges and deferred income | 492/3 | €2,376 | €21 | -€2,355 | -99.1% |
| Turnover | 70 | €242,796 | - | -€242,796 | |
| Goods, raw materials, services and sundry goods | 60/61 | €146,715 | - | -€146,715 | |
| Remuneration, social security and pensions | 62 | €68,539 | €83,944 | +€15,405 | +22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,525 | €16,665 | -€860 | -4.9% |
| Other operating charges | 640/8 | €5,282 | €1,374 | -€3,909 | -74.0% |
| Gross operating margin | 9900 | €96,082 | €47,677 | -€48,404 | -50.4% |
| Operating profit (loss) | 9901 | €4,735 | -€54,305 | -€59,040 | |
| Financial income | 75/76B | €1 | €1,215 | +€1,214 | +105,545% |
| Recurring financial income | 75 | €1 | €215 | +€214 | +18,589% |
| Non-recurring financial income | 76B | - | €1,000 | +€1,000 | |
| Financial charges | 65/66B | €3,295 | €2,491 | -€804 | -24.4% |
| Recurring financial charges | 65 | €3,295 | €2,491 | -€804 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €1,442 | -€55,581 | -€57,022 | |
| Income taxes | 67/77 | €167 | €147 | -€20 | -12.1% |
| Profit (loss) for the period | 9904 | €1,275 | -€55,727 | -€57,002 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,275 | -€55,727 | -€57,002 |
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 23 October 2026 via checked.be.