HVGK Kempen: 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.
HVGK Kempen
Largest movements
- Tangible fixed assets +€46,599
up €46,599 (+324%), from €14,404 to €61,003
of which Other tangible fixed assets: +€47,989
- Cash -€31,853
down €31,853 (-41.2%), from €77,233 to €45,381
mainly Investment in fixed assets (net) (-€49,545) and Trade debts (-€27,195)
- Receivables within one year +€12,279
up €12,279 (+28.9%), from €42,482 to €54,761
of which Other amounts receivable: +€12,357
- Deferred charges and accrued income +€2,426
up €2,426 (+4,819%), from €50 to €2,477
- Profit (loss) carried forward +€54,240
up €54,240 (+198%), from €27,385 to €81,624
- Trade debts -€27,195
down €27,195 (-37.9%), from €71,820 to €44,625
- Tax, wage and social debts +€24,397
up €24,397 (+280%), from €8,725 to €33,122
of which Taxes: +€18,534
- Other debts -€22,460
down €22,460 (-99.6%), from €22,559 to €99
- Gross operating margin +€57,879
up €57,879 (+132%), from €43,863 to €101,742
- Staff costs +€27,866
new in 2025: €27,866
- Taxes +€6,408
up €6,408 (+82.9%), from €7,726 to €14,134
- Depreciation -€1,646
down €1,646 (-35.8%), from €4,591 to €2,946
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 | €134,169 | €163,621 | +€29,452 | +22.0% |
| Fixed assets | 21/28 | €14,404 | €61,003 | +€46,599 | +324% |
| Tangible fixed assets | 22/27 | €14,404 | €61,003 | +€46,599 | +324% |
| Furniture and vehicles | 24 | €1,957 | €567 | -€1,390 | -71.0% |
| Other tangible fixed assets | 26 | €12,447 | €60,436 | +€47,989 | +386% |
| Current assets | 29/58 | €119,765 | €102,618 | -€17,147 | -14.3% |
| Amounts receivable within one year | 40/41 | €42,482 | €54,761 | +€12,279 | +28.9% |
| Trade receivables | 40 | €2,248 | €2,170 | -€78 | -3.5% |
| Other amounts receivable | 41 | €40,233 | €52,591 | +€12,357 | +30.7% |
| Cash at bank and in hand | 54/58 | €77,233 | €45,381 | -€31,853 | -41.2% |
| Deferred charges and accrued income | 490/1 | €50 | €2,477 | +€2,426 | +4,819% |
| Total equity and liabilities | 10/49 | €134,169 | €163,621 | +€29,452 | +22.0% |
| Equity | 10/15 | €30,385 | €84,624 | +€54,240 | +179% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,385 | €81,624 | +€54,240 | +198% |
| Amounts payable | 17/49 | €103,785 | €78,997 | -€24,788 | -23.9% |
| Amounts payable within one year | 42/48 | €103,785 | €78,997 | -€24,788 | -23.9% |
| Financial debts | 43 | €680 | €1,151 | +€471 | +69.2% |
| Credit institutions | 430/8 | €680 | €1,151 | +€471 | +69.2% |
| Trade debts | 44 | €71,820 | €44,625 | -€27,195 | -37.9% |
| Suppliers | 440/4 | €71,820 | €44,625 | -€27,195 | -37.9% |
| Taxes, remuneration and social security | 45 | €8,725 | €33,122 | +€24,397 | +280% |
| Taxes | 450/3 | €8,725 | €27,259 | +€18,534 | +212% |
| Remuneration and social security | 454/9 | - | €5,863 | +€5,863 | |
| Other amounts payable | 47/48 | €22,559 | €99 | -€22,460 | -99.6% |
| Remuneration, social security and pensions | 62 | - | €27,866 | +€27,866 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,591 | €2,946 | -€1,646 | -35.8% |
| Other operating charges | 640/8 | €1,495 | €520 | -€975 | -65.2% |
| Gross operating margin | 9900 | €43,863 | €101,742 | +€57,879 | +132% |
| Operating profit (loss) | 9901 | €37,777 | €70,410 | +€32,633 | +86.4% |
| Financial income | 75/76B | €379 | €642 | +€263 | +69.4% |
| Recurring financial income | 75 | €379 | €642 | +€263 | +69.4% |
| Financial charges | 65/66B | €3,045 | €2,678 | -€367 | -12.0% |
| Recurring financial charges | 65 | €3,045 | €2,678 | -€367 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €35,111 | €68,374 | +€33,263 | +94.7% |
| Income taxes | 67/77 | €7,726 | €14,134 | +€6,408 | +82.9% |
| Profit (loss) for the period | 9904 | €27,385 | €54,240 | +€26,855 | +98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,385 | €54,240 | +€26,855 | +98.1% |
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.