Van de Keere-Bouw: what changed
What changed
Van de Keere-Bouw
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€345,423
2024 · €545,160-€199,737
Equity
€3.0m
2024 · €2.7m+€345,423
Cash
€111,828
2024 · €192,148-€80,320
Balance sheet total
€11.5m
2024 · €10.6m+€908,388
Largest movements
Assets
- Stocks and contracts +€572,894
up €572,894 (+21.3%), from €2.7m to €3.3m
- Receivables within one year +€505,504
up €505,504 (+41.4%), from €1.2m to €1.7m
of which Trade receivables: +€475,026
Equity and liabilities
- Debts after one year +€444,127
up €444,127 (+9.4%), from €4.7m to €5.2m
- Other debts +€401,980
up €401,980 (+107%), from €375,023 to €777,003
- Reserves +€345,423
up €345,423 (+12.9%), from €2.7m to €3.0m
of which Distributable reserves: +€347,423
- Trade debts -€310,890
down €310,890 (-23.5%), from €1.3m to €1.0m
Income statement
- Gross operating margin -€228,872
down €228,872 (-17.6%), from €1.3m to €1.1m
- Taxes -€31,269
down €31,269 (-22.0%), from €142,282 to €111,014
- Depreciation -€18,297
down €18,297 (-4.6%), from €399,583 to €381,285
- Other operating charges +€13,986
up €13,986 (+38.3%), from €36,470 to €50,457
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
€545,160
Gross operating margin
-€228,872
Depreciation
+€18,297
Other operating charges
-€13,986
Financial income
-€667
Financial charges
-€5,776
Taxes
+€31,269
Result 2025
€345,423
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
-€308,591
Investment
-€291,595
Financing
+€519,866
Cash 2024
€192,148
From operations (derived)
-€308,591
Net result for the year
+€345,423
Depreciation
+€381,285
Stocks and contracts
-€572,894
Receivables within one year
-€505,504
Trade debts
-€310,890
Tax, wage and social debts
-€47,992
Other debts
+€401,980
Investment (derived)
-€291,595
Investment in fixed assets (net)
-€291,595
Financing
+€519,866
Debts after one year
+€444,127
Current portion of long-term debt
+€75,739
Cash 2025
€111,828
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,569,724 | €11,478,112 | +€908,388 | +8.6% |
| Fixed assets | 21/28 | €6,463,170 | €6,373,480 | -€89,690 | -1.4% |
| Tangible fixed assets | 22/27 | €6,450,425 | €6,360,734 | -€89,690 | -1.4% |
| Land and buildings | 22 | €6,425,015 | €6,306,760 | -€118,256 | -1.8% |
| Furniture and vehicles | 24 | €25,409 | €53,975 | +€28,565 | +112% |
| Financial fixed assets | 28 | €12,746 | €12,746 | = | 0.0% |
| Current assets | 29/58 | €4,106,554 | €5,104,632 | +€998,078 | +24.3% |
| Stocks and contracts in progress | 3 | €2,694,574 | €3,267,468 | +€572,894 | +21.3% |
| Stocks | 30/36 | €2,694,574 | €3,267,468 | +€572,894 | +21.3% |
| Amounts receivable within one year | 40/41 | €1,219,831 | €1,725,336 | +€505,504 | +41.4% |
| Trade receivables | 40 | €1,177,202 | €1,652,228 | +€475,026 | +40.4% |
| Other amounts receivable | 41 | €42,629 | €73,107 | +€30,478 | +71.5% |
| Cash at bank and in hand | 54/58 | €192,148 | €111,828 | -€80,320 | -41.8% |
| Total equity and liabilities | 10/49 | €10,569,724 | €11,478,112 | +€908,388 | +8.6% |
| Equity | 10/15 | €2,701,624 | €3,047,048 | +€345,423 | +12.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,681,624 | €3,027,048 | +€345,423 | +12.9% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Distributable reserves | 133 | €2,679,624 | €3,027,048 | +€347,423 | +13.0% |
| Amounts payable | 17/49 | €7,868,100 | €8,431,064 | +€562,964 | +7.2% |
| Amounts payable after more than one year | 17 | €4,739,366 | €5,183,493 | +€444,127 | +9.4% |
| Financial debts | 170/4 | €4,739,366 | €5,183,493 | +€444,127 | +9.4% |
| Amounts payable within one year | 42/48 | €3,128,734 | €3,247,571 | +€118,837 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €1,384,609 | €1,460,347 | +€75,739 | +5.5% |
| Trade debts | 44 | €1,320,631 | €1,009,741 | -€310,890 | -23.5% |
| Suppliers | 440/4 | €1,320,631 | €1,009,741 | -€310,890 | -23.5% |
| Taxes, remuneration and social security | 45 | €48,472 | €480 | -€47,992 | -99.0% |
| Taxes | 450/3 | €48,472 | €480 | -€47,992 | -99.0% |
| Other amounts payable | 47/48 | €375,023 | €777,003 | +€401,980 | +107% |
| Non-recurring operating income | 76A | €271,164 | €175,649 | -€95,515 | -35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €399,583 | €381,285 | -€18,297 | -4.6% |
| Other operating charges | 640/8 | €36,470 | €50,457 | +€13,986 | +38.3% |
| Gross operating margin | 9900 | €1,303,261 | €1,074,389 | -€228,872 | -17.6% |
| Operating profit (loss) | 9901 | €867,208 | €642,647 | -€224,562 | -25.9% |
| Financial income | 75/76B | €6,933 | €6,266 | -€667 | -9.6% |
| Recurring financial income | 75 | €6,933 | €6,266 | -€667 | -9.6% |
| Financial charges | 65/66B | €186,699 | €192,475 | +€5,776 | +3.1% |
| Recurring financial charges | 65 | €186,699 | €192,475 | +€5,776 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €687,443 | €456,437 | -€231,005 | -33.6% |
| Income taxes | 67/77 | €142,282 | €111,014 | -€31,269 | -22.0% |
| Profit (loss) for the period | 9904 | €545,160 | €345,423 | -€199,737 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €545,160 | €345,423 | -€199,737 | -36.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.