VAN EETVELDE - KEPPENS: 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.
VAN EETVELDE - KEPPENS
Largest movements
- Cash +€33,225
up €33,225 (+24.4%), from €136,237 to €169,463
mainly Net result for the year (+€49,489) and Depreciation (+€5,995)
- Deferred charges and accrued income +€16,210
up €16,210 (+63.0%), from €25,721 to €41,932
- Tangible fixed assets -€3,238
down €3,238 (-18.3%), from €17,693 to €14,454
of which Furniture and vehicles: -€2,469
- Profit (loss) carried forward +€49,489
up €49,489 (+143%), from €34,639 to €84,128
- Debts after one year -€5,126
down €5,126 (-45.0%), from €11,401 to €6,275
- Gross operating margin +€60,441
up €60,441 (+439%), from €13,759 to €74,201
- Taxes +€13,240
up €13,240 (+463%), from €2,860 to €16,100
- Depreciation +€1,618
up €1,618 (+37.0%), from €4,377 to €5,995
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 | €194,971 | €241,169 | +€46,197 | +23.7% |
| Fixed assets | 21/28 | €17,693 | €14,454 | -€3,238 | -18.3% |
| Tangible fixed assets | 22/27 | €17,693 | €14,454 | -€3,238 | -18.3% |
| Plant, machinery and equipment | 23 | €4,726 | €3,957 | -€770 | -16.3% |
| Furniture and vehicles | 24 | €12,967 | €10,498 | -€2,469 | -19.0% |
| Current assets | 29/58 | €177,279 | €226,714 | +€49,436 | +27.9% |
| Amounts receivable within one year | 40/41 | €15,320 | €15,320 | = | 0.0% |
| Other amounts receivable | 41 | €15,320 | €15,320 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €136,237 | €169,463 | +€33,225 | +24.4% |
| Deferred charges and accrued income | 490/1 | €25,721 | €41,932 | +€16,210 | +63.0% |
| Total equity and liabilities | 10/49 | €194,971 | €241,169 | +€46,197 | +23.7% |
| Equity | 10/15 | €173,494 | €222,982 | +€49,489 | +28.5% |
| Reserves | 13 | €138,855 | €138,855 | = | 0.0% |
| Distributable reserves | 133 | €138,855 | €138,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,639 | €84,128 | +€49,489 | +143% |
| Amounts payable | 17/49 | €21,478 | €18,186 | -€3,291 | -15.3% |
| Amounts payable after more than one year | 17 | €11,401 | €6,275 | -€5,126 | -45.0% |
| Financial debts | 170/4 | €11,401 | €6,275 | -€5,126 | -45.0% |
| Amounts payable within one year | 42/48 | €10,076 | €11,911 | +€1,835 | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €4,904 | €5,126 | +€222 | +4.5% |
| Financial debts | 43 | €104 | €21 | -€83 | -79.7% |
| Credit institutions | 430/8 | €104 | €21 | -€83 | -79.7% |
| Trade debts | 44 | €764 | €1,797 | +€1,033 | +135% |
| Suppliers | 440/4 | €764 | €1,797 | +€1,033 | +135% |
| Taxes, remuneration and social security | 45 | €350 | €1,450 | +€1,100 | +314% |
| Taxes | 450/3 | €350 | €1,450 | +€1,100 | +314% |
| Other amounts payable | 47/48 | €3,954 | €3,517 | -€437 | -11.0% |
| Non-recurring operating income | 76A | €250 | €0 | -€250 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,377 | €5,995 | +€1,618 | +37.0% |
| Other operating charges | 640/8 | €1,624 | €1,724 | +€101 | +6.2% |
| Gross operating margin | 9900 | €13,759 | €74,201 | +€60,441 | +439% |
| Operating profit (loss) | 9901 | €7,758 | €66,481 | +€58,722 | +757% |
| Financial income | 75/76B | €4 | €0 | -€4 | -99.8% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -99.8% |
| Financial charges | 65/66B | €1,403 | €892 | -€511 | -36.4% |
| Recurring financial charges | 65 | €1,403 | €892 | -€511 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €6,359 | €65,589 | +€59,229 | +931% |
| Income taxes | 67/77 | €2,860 | €16,100 | +€13,240 | +463% |
| Profit (loss) for the period | 9904 | €3,499 | €49,489 | +€45,990 | +1,314% |
| Profit (loss) for the period to be appropriated | 9905 | €3,499 | €49,489 | +€45,990 | +1,314% |
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 19 October 2026 via checked.be.