Thomas dekeyser: what changed
What changed
Thomas dekeyser
NACE 43.221, Plumbing work
filed annual accounts (NBB)
Net result for the year
€123,797
2024 · €24,998+€98,799
Equity
€245,128
2024 · €269,293-€24,165
Cash
€312,448
2024 · €162,858+€149,590
Balance sheet total
€630,280
2024 · €540,258+€90,022
Largest movements
Assets
- Cash +€149,590
up €149,590 (+91.9%), from €162,858 to €312,448
mainly Other debts (+€146,095) and Net result for the year (+€123,797)
- Receivables within one year -€64,063
down €64,063 (-54.5%), from €117,579 to €53,516
of which Trade receivables: -€32,353
- Tangible fixed assets +€7,041
up €7,041 (+3.4%), from €205,159 to €212,200
of which Furniture and vehicles: +€14,310
Equity and liabilities
- Other debts +€146,095
up €146,095 (+105%), from €139,748 to €285,843
- Reserves -€24,165
down €24,165 (-9.0%), from €268,293 to €244,128
- Debts after one year -€17,375
down €17,375 (-19.7%), from €88,306 to €70,931
- Trade debts -€15,748
down €15,748 (-65.8%), from €23,917 to €8,168
Income statement
- Gross operating margin +€130,344
up €130,344 (+220%), from €59,189 to €189,532
- Taxes +€29,128
up €29,128 (+424%), from €6,870 to €35,998
- Depreciation +€3,609
up €3,609 (+17.5%), from €20,629 to €24,237
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
€24,998
Gross operating margin
+€130,344
Depreciation
-€3,609
Other operating charges
+€438
Financial income
-€48
Financial charges
+€801
Taxes
-€29,128
Result 2025
€123,797
raises the resultlowers the result
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
+€346,071
Investment
-€31,278
Financing
-€165,203
Cash 2024
€162,858
From operations (derived)
+€346,071
Net result for the year
+€123,797
Depreciation
+€24,237
Stocks and contracts
+€2,244
Receivables within one year
+€64,063
Deferred charges and accrued income
+€302
Trade debts
-€15,748
Tax, wage and social debts
+€1,917
Other debts
+€146,095
Accrued charges and deferred income
-€836
Investment (derived)
-€31,278
Investment in fixed assets (net)
-€31,278
Financing
-€165,203
Debts after one year
-€17,375
Current portion of long-term debt
+€134
Contributions, distributions and other
-€147,962
Cash 2025
€312,448
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €540,258 | €630,280 | +€90,022 | +16.7% |
| Fixed assets | 21/28 | €205,159 | €212,200 | +€7,041 | +3.4% |
| Tangible fixed assets | 22/27 | €205,159 | €212,200 | +€7,041 | +3.4% |
| Land and buildings | 22 | €178,080 | €167,182 | -€10,899 | -6.1% |
| Plant, machinery and equipment | 23 | €12,481 | €16,110 | +€3,629 | +29.1% |
| Furniture and vehicles | 24 | €14,598 | €28,908 | +€14,310 | +98.0% |
| Current assets | 29/58 | €335,100 | €418,081 | +€82,981 | +24.8% |
| Stocks and contracts in progress | 3 | €47,069 | €44,825 | -€2,244 | -4.8% |
| Stocks | 30/36 | €47,069 | €44,825 | -€2,244 | -4.8% |
| Amounts receivable within one year | 40/41 | €117,579 | €53,516 | -€64,063 | -54.5% |
| Trade receivables | 40 | €85,869 | €53,516 | -€32,353 | -37.7% |
| Other amounts receivable | 41 | €31,710 | €0 | -€31,710 | -100% |
| Cash at bank and in hand | 54/58 | €162,858 | €312,448 | +€149,590 | +91.9% |
| Deferred charges and accrued income | 490/1 | €7,594 | €7,291 | -€302 | -4.0% |
| Total equity and liabilities | 10/49 | €540,258 | €630,280 | +€90,022 | +16.7% |
| Equity | 10/15 | €269,293 | €245,128 | -€24,165 | -9.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €268,293 | €244,128 | -€24,165 | -9.0% |
| Distributable reserves | 133 | €268,293 | €244,128 | -€24,165 | -9.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €270,966 | €385,152 | +€114,187 | +42.1% |
| Amounts payable after more than one year | 17 | €88,306 | €70,931 | -€17,375 | -19.7% |
| Financial debts | 170/4 | €88,306 | €70,931 | -€17,375 | -19.7% |
| Amounts payable within one year | 42/48 | €181,824 | €314,222 | +€132,398 | +72.8% |
| Current portion of amounts payable after more than one year | 42 | €17,241 | €17,375 | +€134 | +0.8% |
| Trade debts | 44 | €23,917 | €8,168 | -€15,748 | -65.8% |
| Suppliers | 440/4 | €23,917 | €8,168 | -€15,748 | -65.8% |
| Taxes, remuneration and social security | 45 | €919 | €2,835 | +€1,917 | +209% |
| Taxes | 450/3 | €919 | €2,835 | +€1,917 | +209% |
| Other amounts payable | 47/48 | €139,748 | €285,843 | +€146,095 | +105% |
| Accrued charges and deferred income | 492/3 | €836 | €0 | -€836 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,629 | €24,237 | +€3,609 | +17.5% |
| Other operating charges | 640/8 | €2,587 | €2,149 | -€438 | -16.9% |
| Gross operating margin | 9900 | €59,189 | €189,532 | +€130,344 | +220% |
| Operating profit (loss) | 9901 | €35,973 | €163,146 | +€127,173 | +354% |
| Financial income | 75/76B | €140 | €92 | -€48 | -34.2% |
| Recurring financial income | 75 | €140 | €92 | -€48 | -34.2% |
| Financial charges | 65/66B | €4,245 | €3,444 | -€801 | -18.9% |
| Recurring financial charges | 65 | €4,245 | €3,444 | -€801 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €31,868 | €159,795 | +€127,927 | +401% |
| Income taxes | 67/77 | €6,870 | €35,998 | +€29,128 | +424% |
| Profit (loss) for the period | 9904 | €24,998 | €123,797 | +€98,799 | +395% |
| Profit (loss) for the period to be appropriated | 9905 | €24,998 | €123,797 | +€98,799 | +395% |
Next steps
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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.