AEN DE KERCK: what changed
What changed
AEN DE KERCK
filed annual accounts (NBB)
Net result for the year
-€29,549
2024 · -€23,494-€6,055
Equity
€764,639
2024 · €794,188-€29,549
Cash
€325
2024 · €1,192-€868
Balance sheet total
€1.1m
2024 · €931,450+€121,722
Largest movements
Assets
- Tangible fixed assets +€120,679
up €120,679 (+13.0%), from €927,571 to €1.0m
of which Land and buildings: +€123,976
Equity and liabilities
- Other debts +€106,767
up €106,767 (+84.2%), from €126,797 to €233,563
- Debts after one year +€31,183
up €31,183, from €0 to €31,183
- Profit (loss) carried forward -€29,549
down €29,549 (-14.3%), from -€206,812 to -€236,361
Income statement
- Gross operating margin -€3,510
down €3,510 (-14.3%), from €24,547 to €21,037
- Financial charges +€2,869
up €2,869 (+115%), from €2,493 to €5,362
- Depreciation -€468
down €468 (-1.1%), from €42,438 to €41,969
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
-€23,494
Gross operating margin
-€3,510
Depreciation
+€468
Other operating charges
-€147
Financial income
+€4
Financial charges
-€2,869
Result 2025
-€29,549
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
+€120,361
Investment
-€162,648
Financing
+€41,419
Cash 2024
€1,192
From operations (derived)
+€120,361
Net result for the year
-€29,549
Depreciation
+€41,969
Receivables within one year
-€331
Deferred charges and accrued income
-€1,580
Trade debts
+€3,086
Other debts
+€106,767
Investment (derived)
-€162,648
Investment in fixed assets (net)
-€162,648
Financing
+€41,419
Debts after one year
+€31,183
Current portion of long-term debt
+€10,236
Cash 2025
€325
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €931,450 | €1,053,172 | +€121,722 | +13.1% |
| Fixed assets | 21/28 | €927,571 | €1,048,250 | +€120,679 | +13.0% |
| Tangible fixed assets | 22/27 | €927,571 | €1,048,250 | +€120,679 | +13.0% |
| Land and buildings | 22 | €923,826 | €1,047,802 | +€123,976 | +13.4% |
| Plant, machinery and equipment | 23 | €3,238 | €448 | -€2,791 | -86.2% |
| Furniture and vehicles | 24 | €507 | €0 | -€507 | -100% |
| Current assets | 29/58 | €3,878 | €4,922 | +€1,044 | +26.9% |
| Amounts receivable within one year | 40/41 | €1,064 | €1,395 | +€331 | +31.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,064 | €1,395 | +€331 | +31.1% |
| Cash at bank and in hand | 54/58 | €1,192 | €325 | -€868 | -72.8% |
| Deferred charges and accrued income | 490/1 | €1,622 | €3,202 | +€1,580 | +97.5% |
| Total equity and liabilities | 10/49 | €931,450 | €1,053,172 | +€121,722 | +13.1% |
| Equity | 10/15 | €794,188 | €764,639 | -€29,549 | -3.7% |
| Contributions | 10/11 | €1,001,000 | €1,001,000 | = | 0.0% |
| Capital | 10 | €1,001,000 | €1,001,000 | = | 0.0% |
| Issued capital | 100 | €1,001,000 | €1,001,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€206,812 | -€236,361 | -€29,549 | -14.3% |
| Amounts payable | 17/49 | €137,262 | €288,533 | +€151,271 | +110% |
| Amounts payable after more than one year | 17 | €0 | €31,183 | +€31,183 | |
| Financial debts | 170/4 | €0 | €31,183 | +€31,183 | |
| Amounts payable within one year | 42/48 | €137,262 | €257,350 | +€120,088 | +87.5% |
| Current portion of amounts payable after more than one year | 42 | €5,941 | €16,177 | +€10,236 | +172% |
| Trade debts | 44 | €4,524 | €7,610 | +€3,086 | +68.2% |
| Suppliers | 440/4 | €4,524 | €7,610 | +€3,086 | +68.2% |
| Other amounts payable | 47/48 | €126,797 | €233,563 | +€106,767 | +84.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,438 | €41,969 | -€468 | -1.1% |
| Other operating charges | 640/8 | €3,174 | €3,321 | +€147 | +4.6% |
| Gross operating margin | 9900 | €24,547 | €21,037 | -€3,510 | -14.3% |
| Operating profit (loss) | 9901 | -€21,064 | -€24,253 | -€3,189 | -15.1% |
| Financial income | 75/76B | €63 | €67 | +€4 | +6.4% |
| Recurring financial income | 75 | €63 | €67 | +€4 | +6.4% |
| Financial charges | 65/66B | €2,493 | €5,362 | +€2,869 | +115% |
| Recurring financial charges | 65 | €2,493 | €5,362 | +€2,869 | +115% |
| Profit (loss) for the period before taxes | 9903 | -€23,494 | -€29,549 | -€6,055 | -25.8% |
| Profit (loss) for the period | 9904 | -€23,494 | -€29,549 | -€6,055 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,494 | -€29,549 | -€6,055 | -25.8% |
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 3 November 2026 via checked.be.