JO VAN KWIKENBORNE: 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.
JO VAN KWIKENBORNE
Largest movements
- Cash +€83,543
up €83,543 (+527%), from €15,860 to €99,403
mainly Net result for the year (+€72,758) and Depreciation (+€22,615)
- Tangible fixed assets -€22,615
down €22,615 (-22.1%), from €102,200 to €79,584
of which Furniture and vehicles: -€13,555
- Receivables within one year -€12,470
down €12,470 (-4.7%), from €265,965 to €253,495
of which Trade receivables: -€10,125
- Reserves +€72,750
up €72,750 (+14.7%), from €493,369 to €566,119
- Debts after one year -€19,333
down €19,333 (-21.2%), from €91,022 to €71,689
- Provisions -€7,641
down €7,641 (-45.5%), from €16,805 to €9,164
- Tax, wage and social debts +€7,638
up €7,638 (+106%), from €7,223 to €14,861
- Gross operating margin +€17,321
up €17,321 (+17.1%), from €101,030 to €118,351
- Taxes +€4,990
up €4,990 (+22.0%), from €22,655 to €27,645
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 | €647,386 | €701,707 | +€54,320 | +8.4% |
| Fixed assets | 21/28 | €239,700 | €217,084 | -€22,615 | -9.4% |
| Tangible fixed assets | 22/27 | €102,200 | €79,584 | -€22,615 | -22.1% |
| Land and buildings | 22 | €59,895 | €51,338 | -€8,556 | -14.3% |
| Plant, machinery and equipment | 23 | €1,566 | €1,061 | -€504 | -32.2% |
| Furniture and vehicles | 24 | €40,740 | €27,185 | -€13,555 | -33.3% |
| Financial fixed assets | 28 | €137,500 | €137,500 | = | 0.0% |
| Current assets | 29/58 | €407,687 | €484,622 | +€76,936 | +18.9% |
| Amounts receivable after more than one year | 29 | €77,650 | €77,650 | = | 0.0% |
| Other amounts receivable | 291 | €77,650 | €77,650 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €265,965 | €253,495 | -€12,470 | -4.7% |
| Trade receivables | 40 | €263,620 | €253,495 | -€10,125 | -3.8% |
| Other amounts receivable | 41 | €2,345 | €0 | -€2,345 | -100% |
| Cash at bank and in hand | 54/58 | €15,860 | €99,403 | +€83,543 | +527% |
| Deferred charges and accrued income | 490/1 | €48,212 | €54,074 | +€5,863 | +12.2% |
| Total equity and liabilities | 10/49 | €647,386 | €701,707 | +€54,320 | +8.4% |
| Equity | 10/15 | €515,720 | €588,478 | +€72,758 | +14.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €493,369 | €566,119 | +€72,750 | +14.7% |
| Distributable reserves | 133 | €493,369 | €566,119 | +€72,750 | +14.7% |
| Profit (loss) carried forward | 14 | €3,751 | €3,759 | +€8 | +0.2% |
| Provisions and deferred taxes | 16 | €16,805 | €9,164 | -€7,641 | -45.5% |
| Provisions for liabilities and charges | 160/5 | €16,805 | €9,164 | -€7,641 | -45.5% |
| Pensions and similar obligations | 160 | €16,805 | €9,164 | -€7,641 | -45.5% |
| Amounts payable | 17/49 | €114,862 | €104,064 | -€10,797 | -9.4% |
| Amounts payable after more than one year | 17 | €91,022 | €71,689 | -€19,333 | -21.2% |
| Financial debts | 170/4 | €91,022 | €71,689 | -€19,333 | -21.2% |
| Amounts payable within one year | 42/48 | €23,840 | €32,375 | +€8,536 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €13,678 | €14,333 | +€655 | +4.8% |
| Trade debts | 44 | €443 | €158 | -€284 | -64.2% |
| Suppliers | 440/4 | €443 | €158 | -€284 | -64.2% |
| Taxes, remuneration and social security | 45 | €7,223 | €14,861 | +€7,638 | +106% |
| Taxes | 450/3 | €7,223 | €14,861 | +€7,638 | +106% |
| Other amounts payable | 47/48 | €2,496 | €3,023 | +€527 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,615 | €22,615 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€7,708 | -€7,641 | +€67 | +0.9% |
| Other operating charges | 640/8 | €2,104 | €2,129 | +€25 | +1.2% |
| Gross operating margin | 9900 | €101,030 | €118,351 | +€17,321 | +17.1% |
| Operating profit (loss) | 9901 | €84,018 | €101,247 | +€17,229 | +20.5% |
| Financial income | 75/76B | €5,327 | €5,863 | +€536 | +10.1% |
| Recurring financial income | 75 | €5,327 | €5,863 | +€536 | +10.1% |
| Financial charges | 65/66B | €7,014 | €6,706 | -€307 | -4.4% |
| Recurring financial charges | 65 | €7,014 | €6,706 | -€307 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €82,331 | €100,403 | +€18,072 | +21.9% |
| Income taxes | 67/77 | €22,655 | €27,645 | +€4,990 | +22.0% |
| Profit (loss) for the period | 9904 | €59,676 | €72,758 | +€13,082 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,676 | €72,758 | +€13,082 | +21.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.