RG. KEUKENSTUDIO: 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.
RG. KEUKENSTUDIO
Largest movements
- Cash +€24,237
up €24,237 (+114%), from €21,213 to €45,451
mainly Depreciation (+€24,754) and Trade debts (+€10,342)
- Tangible fixed assets -€23,754
down €23,754 (-24.0%), from €98,973 to €75,220
of which Plant, machinery and equipment: -€22,400
- Deferred charges and accrued income -€8,591
down €8,591 (-49.5%), from €17,362 to €8,771
- Receivables within one year -€7,594
down €7,594 (-43.1%), from €17,604 to €10,010
of which Trade receivables: -€7,083
- Stocks and contracts +€6,138
up €6,138 (+153%), from €4,000 to €10,138
- Profit (loss) carried forward -€12,495
down €12,495 (-9.8%), from -€128,066 to -€140,561
- Trade debts +€10,342
up €10,342 (+161%), from €6,438 to €16,780
- Other debts -€10,279
down €10,279 (-59.6%), from €17,242 to €6,963
- Short-term financial debts +€3,000
new in 2025: €3,000
- Tax, wage and social debts -€1,705
down €1,705 (-28.0%), from €6,091 to €4,386
of which Remuneration and social security: -€5,753
- Gross operating margin +€26,125
up €26,125 (+65.4%), from €39,973 to €66,097
- Staff costs +€3,502
up €3,502 (+7.3%), from €47,755 to €51,257
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 | €162,778 | €152,214 | -€10,564 | -6.5% |
| Fixed assets | 21/28 | €102,598 | €77,845 | -€24,754 | -24.1% |
| Intangible fixed assets | 21 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Tangible fixed assets | 22/27 | €98,973 | €75,220 | -€23,754 | -24.0% |
| Land and buildings | 22 | €5,149 | €3,796 | -€1,353 | -26.3% |
| Plant, machinery and equipment | 23 | €93,824 | €71,424 | -€22,400 | -23.9% |
| Financial fixed assets | 28 | €625 | €625 | = | 0.0% |
| Current assets | 29/58 | €60,180 | €74,369 | +€14,190 | +23.6% |
| Stocks and contracts in progress | 3 | €4,000 | €10,138 | +€6,138 | +153% |
| Stocks | 30/36 | €4,000 | €10,138 | +€6,138 | +153% |
| Amounts receivable within one year | 40/41 | €17,604 | €10,010 | -€7,594 | -43.1% |
| Trade receivables | 40 | €17,093 | €10,010 | -€7,083 | -41.4% |
| Other amounts receivable | 41 | €511 | - | -€511 | |
| Cash at bank and in hand | 54/58 | €21,213 | €45,451 | +€24,237 | +114% |
| Deferred charges and accrued income | 490/1 | €17,362 | €8,771 | -€8,591 | -49.5% |
| Total equity and liabilities | 10/49 | €162,778 | €152,214 | -€10,564 | -6.5% |
| Equity | 10/15 | -€110,093 | -€122,588 | -€12,495 | -11.3% |
| Contributions | 10/11 | €15,493 | €15,493 | = | 0.0% |
| Reserves | 13 | €2,479 | €2,479 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€128,066 | -€140,561 | -€12,495 | -9.8% |
| Amounts payable | 17/49 | €272,871 | €274,803 | +€1,931 | +0.7% |
| Amounts payable after more than one year | 17 | €240,000 | €240,000 | = | 0.0% |
| Financial debts | 170/4 | €240,000 | €240,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €29,771 | €32,203 | +€2,431 | +8.2% |
| Financial debts | 43 | - | €3,000 | +€3,000 | |
| Credit institutions | 430/8 | - | €3,000 | +€3,000 | |
| Trade debts | 44 | €6,438 | €16,780 | +€10,342 | +161% |
| Suppliers | 440/4 | €6,438 | €16,780 | +€10,342 | +161% |
| Advances received on contracts in progress | 46 | - | €1,073 | +€1,073 | |
| Taxes, remuneration and social security | 45 | €6,091 | €4,386 | -€1,705 | -28.0% |
| Taxes | 450/3 | €339 | €4,386 | +€4,047 | +1,194% |
| Remuneration and social security | 454/9 | €5,753 | - | -€5,753 | |
| Other amounts payable | 47/48 | €17,242 | €6,963 | -€10,279 | -59.6% |
| Accrued charges and deferred income | 492/3 | €3,100 | €2,600 | -€500 | -16.1% |
| Remuneration, social security and pensions | 62 | €47,755 | €51,257 | +€3,502 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,193 | €24,754 | -€440 | -1.7% |
| Other operating charges | 640/8 | €2,269 | €1,892 | -€377 | -16.6% |
| Gross operating margin | 9900 | €39,973 | €66,097 | +€26,125 | +65.4% |
| Operating profit (loss) | 9901 | -€35,244 | -€11,805 | +€23,439 | +66.5% |
| Financial income | 75/76B | €125 | €198 | +€72 | +57.8% |
| Recurring financial income | 75 | €125 | €198 | +€72 | +57.8% |
| Financial charges | 65/66B | €303 | €401 | +€98 | +32.6% |
| Recurring financial charges | 65 | €303 | €401 | +€98 | +32.6% |
| Profit (loss) for the period before taxes | 9903 | -€35,421 | -€12,008 | +€23,413 | +66.1% |
| Income taxes | 67/77 | €713 | €487 | -€226 | -31.7% |
| Profit (loss) for the period | 9904 | -€36,134 | -€12,495 | +€23,639 | +65.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,134 | -€12,495 | +€23,639 | +65.4% |
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 24 October 2026 via checked.be.