ELINE KERCKHOF: what changed
ELINE KERCKHOF
Largest movements
- Deferred charges and accrued income +€21,036
up €21,036 (+2,603%), from €808 to €21,845
- Cash +€19,425
up €19,425 (+102%), from €19,116 to €38,541
mainly Net result for the year (+€17,376) and Trade debts (+€13,128)
- Receivables within one year -€2,632
down €2,632 (-7.5%), from €35,248 to €32,617
of which Trade receivables: -€18,495
- Tangible fixed assets +€2,037
up €2,037 (+60.7%), from €3,356 to €5,393
of which Furniture and vehicles: +€2,467
- Reserves +€17,376
up €17,376 (+40.0%), from €43,410 to €60,785
- Trade debts +€13,128
up €13,128 (+68,125%), from €19 to €13,147
- Tax, wage and social debts +€9,364
up €9,364 (+62.4%), from €15,000 to €24,364
- Gross operating margin -€34,436
down €34,436 (-57.7%), from €59,702 to €25,266
- Taxes -€7,066
down €7,066 (-52.3%), from €13,500 to €6,434
- Other operating charges -€1,175
down €1,175 (-83.5%), from €1,407 to €232
- Financial income +€836
up €836 (+233%), from €359 to €1,195
- Depreciation +€699
up €699 (+49.8%), from €1,404 to €2,103
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,529 | €98,396 | +€39,867 | +68.1% |
| Fixed assets | 21/28 | €3,356 | €5,393 | +€2,037 | +60.7% |
| Tangible fixed assets | 22/27 | €3,356 | €5,393 | +€2,037 | +60.7% |
| Plant, machinery and equipment | 23 | €3,356 | €2,926 | -€430 | -12.8% |
| Furniture and vehicles | 24 | - | €2,467 | +€2,467 | |
| Current assets | 29/58 | €55,173 | €93,002 | +€37,830 | +68.6% |
| Amounts receivable within one year | 40/41 | €35,248 | €32,617 | -€2,632 | -7.5% |
| Trade receivables | 40 | €19,910 | €1,415 | -€18,495 | -92.9% |
| Other amounts receivable | 41 | €15,339 | €31,202 | +€15,863 | +103% |
| Cash at bank and in hand | 54/58 | €19,116 | €38,541 | +€19,425 | +102% |
| Deferred charges and accrued income | 490/1 | €808 | €21,845 | +€21,036 | +2,603% |
| Total equity and liabilities | 10/49 | €58,529 | €98,396 | +€39,867 | +68.1% |
| Equity | 10/15 | €43,510 | €60,885 | +€17,376 | +39.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €43,410 | €60,785 | +€17,376 | +40.0% |
| Distributable reserves | 133 | €43,410 | €60,785 | +€17,376 | +40.0% |
| Amounts payable | 17/49 | €15,019 | €37,511 | +€22,491 | +150% |
| Amounts payable within one year | 42/48 | €15,019 | €37,511 | +€22,491 | +150% |
| Trade debts | 44 | €19 | €13,147 | +€13,128 | +68,125% |
| Suppliers | 440/4 | €19 | €13,147 | +€13,128 | +68,125% |
| Taxes, remuneration and social security | 45 | €15,000 | €24,364 | +€9,364 | +62.4% |
| Taxes | 450/3 | €15,000 | €24,364 | +€9,364 | +62.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,404 | €2,103 | +€699 | +49.8% |
| Other operating charges | 640/8 | €1,407 | €232 | -€1,175 | -83.5% |
| Gross operating margin | 9900 | €59,702 | €25,266 | -€34,436 | -57.7% |
| Operating profit (loss) | 9901 | €56,891 | €22,931 | -€33,960 | -59.7% |
| Financial income | 75/76B | €359 | €1,195 | +€836 | +233% |
| Recurring financial income | 75 | €359 | €1,195 | +€836 | +233% |
| Financial charges | 65/66B | €341 | €317 | -€24 | -7.1% |
| Recurring financial charges | 65 | €341 | €317 | -€24 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €56,910 | €23,810 | -€33,100 | -58.2% |
| Income taxes | 67/77 | €13,500 | €6,434 | -€7,066 | -52.3% |
| Profit (loss) for the period | 9904 | €43,410 | €17,376 | -€26,034 | -60.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,410 | €17,376 | -€26,034 | -60.0% |
Next steps
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 4 November 2026 via checked.be.