VAN KEER: what changed
Two fiscal 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.
What changed
VAN KEER
NACE 56.111, Full-service restaurants
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€25,435
2024 · €12,322+€13,113
Equity
€767,849
2024 · €742,412+€25,437
Cash
€16,693
2024 · €16,542+€151
Balance sheet total
€937,263
2024 · €922,120+€15,143
Largest movements
Assets
- Receivables within one year +€15,300
up €15,300 (+2.6%), from €596,063 to €611,363
of which Other amounts receivable: +€25,985
Equity and liabilities
- Reserves +€25,437
up €25,437 (+5.7%), from €443,796 to €469,233
of which Distributable reserves: +€25,437
- Trade debts -€13,807
down €13,807 (-28.5%), from €48,364 to €34,557
Income statement
- Turnover -€80,755
down €80,755 (-30.5%), from €264,893 to €184,138
- Gross operating margin +€21,931
up €21,931 (+32.1%), from €68,261 to €90,192
- Taxes +€9,306
new in 2025: €9,306
- Staff costs +€6,833
up €6,833 (+12.5%), from €54,573 to €61,406
- Financial charges -€3,877
down €3,877 (-59.4%), from €6,529 to €2,652
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.
Result 2024
€12,322
Gross operating margin
+€21,931
Staff costs
-€6,833
Depreciation
+€507
Other operating charges
+€2,666
Financial income
+€271
Financial charges
+€3,877
Taxes
-€9,306
Result 2025
€25,435
Cash bridge derived
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.
From operations
+€3,337
Investment
-€3,766
Financing
+€580
Cash 2024
€16,542
From operations (derived)
+€3,337
Net result for the year
+€25,435
Depreciation
+€2,872
Stocks and contracts
+€104
Receivables within one year
-€15,300
Deferred charges and accrued income
+€1,098
Trade debts
-€13,807
Tax, wage and social debts
+€5,321
Other debts
-€2,300
Accrued charges and deferred income
-€86
Investment (derived)
-€3,766
Investment in fixed assets (net)
-€3,766
Financing
+€580
Debts after one year
-€1,800
Short-term financial debts
+€2,378
Contributions, distributions and other
+€2
Cash 2025
€16,693
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €922,120 | €937,263 | +€15,143 | +1.6% |
| Fixed assets | 21/28 | €278,868 | €279,762 | +€894 | +0.3% |
| Tangible fixed assets | 22/27 | €278,868 | €279,762 | +€894 | +0.3% |
| Land and buildings | 22 | €277,123 | €277,437 | +€314 | +0.1% |
| Plant, machinery and equipment | 23 | €1,745 | €2,325 | +€580 | +33.2% |
| Current assets | 29/58 | €643,252 | €657,501 | +€14,249 | +2.2% |
| Stocks and contracts in progress | 3 | €28,618 | €28,514 | -€104 | -0.4% |
| Stocks | 30/36 | €28,618 | €28,514 | -€104 | -0.4% |
| Amounts receivable within one year | 40/41 | €596,063 | €611,363 | +€15,300 | +2.6% |
| Trade receivables | 40 | €20,249 | €9,564 | -€10,685 | -52.8% |
| Other amounts receivable | 41 | €575,814 | €601,799 | +€25,985 | +4.5% |
| Cash at bank and in hand | 54/58 | €16,542 | €16,693 | +€151 | +0.9% |
| Deferred charges and accrued income | 490/1 | €2,029 | €931 | -€1,098 | -54.1% |
| Total equity and liabilities | 10/49 | €922,120 | €937,263 | +€15,143 | +1.6% |
| Equity | 10/15 | €742,412 | €767,849 | +€25,437 | +3.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €237,116 | €237,116 | = | 0.0% |
| Reserves | 13 | €443,796 | €469,233 | +€25,437 | +5.7% |
| Non-distributable reserves | 130/1 | €17,848 | €17,848 | = | 0.0% |
| Legal reserve | 130 | €17,848 | €17,848 | = | 0.0% |
| Distributable reserves | 133 | €425,948 | €451,385 | +€25,437 | +6.0% |
| Amounts payable | 17/49 | €179,708 | €169,414 | -€10,294 | -5.7% |
| Amounts payable after more than one year | 17 | €113,800 | €112,000 | -€1,800 | -1.6% |
| Financial debts | 170/4 | €113,800 | €112,000 | -€1,800 | -1.6% |
| Amounts payable within one year | 42/48 | €65,648 | €57,240 | -€8,408 | -12.8% |
| Financial debts | 43 | - | €2,378 | +€2,378 | |
| Credit institutions | 430/8 | - | €2,378 | +€2,378 | |
| Trade debts | 44 | €48,364 | €34,557 | -€13,807 | -28.5% |
| Suppliers | 440/4 | €48,364 | €34,557 | -€13,807 | -28.5% |
| Taxes, remuneration and social security | 45 | €14,889 | €20,210 | +€5,321 | +35.7% |
| Taxes | 450/3 | €5,022 | €16,118 | +€11,096 | +220.9% |
| Remuneration and social security | 454/9 | €9,867 | €4,092 | -€5,775 | -58.5% |
| Other amounts payable | 47/48 | €2,395 | €95 | -€2,300 | -96.0% |
| Accrued charges and deferred income | 492/3 | €260 | €174 | -€86 | -33.1% |
| Turnover | 70 | €264,893 | €184,138 | -€80,755 | -30.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €196,632 | €193,946 | -€2,686 | -1.4% |
| Remuneration, social security and pensions | 62 | €54,573 | €61,406 | +€6,833 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,379 | €2,872 | -€507 | -15.0% |
| Other operating charges | 640/8 | €5,736 | €3,070 | -€2,666 | -46.5% |
| Gross operating margin | 9900 | €68,261 | €90,192 | +€21,931 | +32.1% |
| Operating profit (loss) | 9901 | €4,573 | €22,844 | +€18,271 | +399.5% |
| Financial income | 75/76B | €14,278 | €14,549 | +€271 | +1.9% |
| Recurring financial income | 75 | €14,278 | €14,549 | +€271 | +1.9% |
| Financial charges | 65/66B | €6,529 | €2,652 | -€3,877 | -59.4% |
| Recurring financial charges | 65 | €6,529 | €2,652 | -€3,877 | -59.4% |
| Profit (loss) for the period before taxes | 9903 | €12,322 | €34,741 | +€22,419 | +181.9% |
| Income taxes | 67/77 | - | €9,306 | +€9,306 | |
| Profit (loss) for the period | 9904 | €12,322 | €25,435 | +€13,113 | +106.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,322 | €25,435 | +€13,113 | +106.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.