DE KAASHOEVE: 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.
DE KAASHOEVE
Largest movements
- Cash -€15,806
down €15,806 (-30.5%), from €51,847 to €36,042
mainly Net result for the year (-€24,020) and Debts after one year (-€10,240)
- Tangible fixed assets -€11,981
down €11,981 (-16.9%), from €71,048 to €59,067
of which Furniture and vehicles: -€10,535
- Stocks and contracts +€7,897
up €7,897 (+26.5%), from €29,850 to €37,747
- Receivables within one year -€6,102
down €6,102 (-23.9%), from €25,494 to €19,392
of which Trade receivables: -€6,100
- Reserves -€24,020
down €24,020 (-52.8%), from €45,456 to €21,436
of which Distributable reserves: -€24,020
- Other debts +€13,041
up €13,041 (+127%), from €10,245 to €23,286
- Debts after one year -€10,240
down €10,240 (-25.8%), from €39,647 to €29,407
- Trade debts -€2,546
down €2,546 (-5.3%), from €48,066 to €45,521
- Gross operating margin -€45,880
down €45,880 (-75.1%), from €61,094 to €15,214
- Depreciation -€4,727
down €4,727 (-28.3%), from €16,708 to €11,981
- Staff costs -€1,738
down €1,738 (-7.2%), from €24,252 to €22,514
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 | €180,375 | €154,608 | -€25,767 | -14.3% |
| Fixed assets | 21/28 | €71,173 | €59,192 | -€11,981 | -16.8% |
| Tangible fixed assets | 22/27 | €71,048 | €59,067 | -€11,981 | -16.9% |
| Plant, machinery and equipment | 23 | €21,467 | €20,275 | -€1,193 | -5.6% |
| Furniture and vehicles | 24 | €47,696 | €37,161 | -€10,535 | -22.1% |
| Other tangible fixed assets | 26 | €1,884 | €1,631 | -€253 | -13.4% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €109,202 | €95,416 | -€13,786 | -12.6% |
| Stocks and contracts in progress | 3 | €29,850 | €37,747 | +€7,897 | +26.5% |
| Stocks | 30/36 | €29,850 | €37,747 | +€7,897 | +26.5% |
| Amounts receivable within one year | 40/41 | €25,494 | €19,392 | -€6,102 | -23.9% |
| Trade receivables | 40 | €19,672 | €13,572 | -€6,100 | -31.0% |
| Other amounts receivable | 41 | €5,822 | €5,821 | -€2 | 0.0% |
| Cash at bank and in hand | 54/58 | €51,847 | €36,042 | -€15,806 | -30.5% |
| Deferred charges and accrued income | 490/1 | €2,010 | €2,235 | +€225 | +11.2% |
| Total equity and liabilities | 10/49 | €180,375 | €154,608 | -€25,767 | -14.3% |
| Equity | 10/15 | €64,048 | €40,028 | -€24,020 | -37.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €45,456 | €21,436 | -€24,020 | -52.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €43,597 | €19,576 | -€24,020 | -55.1% |
| Amounts payable | 17/49 | €116,327 | €114,580 | -€1,747 | -1.5% |
| Amounts payable after more than one year | 17 | €39,647 | €29,407 | -€10,240 | -25.8% |
| Financial debts | 170/4 | €39,647 | €29,407 | -€10,240 | -25.8% |
| Amounts payable within one year | 42/48 | €76,680 | €85,173 | +€8,493 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €11,546 | €10,240 | -€1,306 | -11.3% |
| Trade debts | 44 | €48,066 | €45,521 | -€2,546 | -5.3% |
| Suppliers | 440/4 | €48,066 | €45,521 | -€2,546 | -5.3% |
| Taxes, remuneration and social security | 45 | €6,822 | €6,126 | -€696 | -10.2% |
| Taxes | 450/3 | €3,126 | €2,318 | -€807 | -25.8% |
| Remuneration and social security | 454/9 | €3,696 | €3,808 | +€111 | +3.0% |
| Other amounts payable | 47/48 | €10,245 | €23,286 | +€13,041 | +127% |
| Remuneration, social security and pensions | 62 | €24,252 | €22,514 | -€1,738 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,708 | €11,981 | -€4,727 | -28.3% |
| Other operating charges | 640/8 | €1,579 | €1,185 | -€394 | -24.9% |
| Gross operating margin | 9900 | €61,094 | €15,214 | -€45,880 | -75.1% |
| Operating profit (loss) | 9901 | €18,555 | -€20,467 | -€39,022 | |
| Financial income | 75/76B | €46 | - | -€46 | |
| Recurring financial income | 75 | €46 | - | -€46 | |
| Financial charges | 65/66B | €3,765 | €3,554 | -€212 | -5.6% |
| Recurring financial charges | 65 | €3,765 | €3,554 | -€212 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €14,836 | -€24,020 | -€38,857 | |
| Profit (loss) for the period | 9904 | €14,836 | -€24,020 | -€38,857 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,836 | -€24,020 | -€38,857 |
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 31 October 2026 via checked.be.