Kachels Vanhecke: what changed
Kachels Vanhecke
Largest movements
- Receivables within one year -€26,633
down €26,633 (-57.5%), from €46,350 to €19,717
of which Trade receivables: -€25,990
- Cash +€16,646
up €16,646 (+87.3%), from €19,071 to €35,717
mainly Receivables within one year (+€26,633) and Net result for the year (+€13,282)
- Stocks and contracts +€15,000
up €15,000 (+78.2%), from €19,179 to €34,179
- Tangible fixed assets -€7,712
down €7,712 (-54.0%), from €14,289 to €6,577
- Profit (loss) carried forward +€13,283
up €13,283 (+19.7%), from €67,423 to €80,706
- Trade debts -€6,701
down €6,701 (-84.0%), from €7,981 to €1,280
- Debts after one year -€4,205
no longer reported in 2025 (was €4,205)
- Other debts -€3,119
no longer reported in 2025 (was €3,119)
- Current portion of long-term debt -€1,956
down €1,956 (-31.7%), from €6,161 to €4,205
- Gross operating margin +€6,893
up €6,893 (+30.3%), from €22,728 to €29,621
- Taxes +€3,213
up €3,213 (+121%), from €2,658 to €5,871
- Financial charges -€881
down €881 (-82.7%), from €1,065 to €184
- Other operating charges -€647
down €647 (-29.4%), from €2,203 to €1,556
- Financial income +€315
up €315 (+162%), from €195 to €510
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 | €98,889 | €96,191 | -€2,698 | -2.7% |
| Fixed assets | 21/28 | €14,289 | €6,577 | -€7,712 | -54.0% |
| Tangible fixed assets | 22/27 | €14,289 | €6,577 | -€7,712 | -54.0% |
| Furniture and vehicles | 24 | €14,289 | €6,577 | -€7,712 | -54.0% |
| Current assets | 29/58 | €84,600 | €89,613 | +€5,013 | +5.9% |
| Stocks and contracts in progress | 3 | €19,179 | €34,179 | +€15,000 | +78.2% |
| Stocks | 30/36 | €19,179 | €34,179 | +€15,000 | +78.2% |
| Amounts receivable within one year | 40/41 | €46,350 | €19,717 | -€26,633 | -57.5% |
| Trade receivables | 40 | €39,806 | €13,816 | -€25,990 | -65.3% |
| Other amounts receivable | 41 | €6,544 | €5,901 | -€643 | -9.8% |
| Cash at bank and in hand | 54/58 | €19,071 | €35,717 | +€16,646 | +87.3% |
| Total equity and liabilities | 10/49 | €98,889 | €96,191 | -€2,698 | -2.7% |
| Equity | 10/15 | €77,423 | €90,706 | +€13,283 | +17.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,423 | €80,706 | +€13,283 | +19.7% |
| Amounts payable | 17/49 | €21,466 | €5,485 | -€15,981 | -74.4% |
| Amounts payable after more than one year | 17 | €4,205 | - | -€4,205 | |
| Financial debts | 170/4 | €4,205 | - | -€4,205 | |
| Amounts payable within one year | 42/48 | €17,261 | €5,485 | -€11,776 | -68.2% |
| Current portion of amounts payable after more than one year | 42 | €6,161 | €4,205 | -€1,956 | -31.7% |
| Trade debts | 44 | €7,981 | €1,280 | -€6,701 | -84.0% |
| Suppliers | 440/4 | €7,981 | €1,280 | -€6,701 | -84.0% |
| Other amounts payable | 47/48 | €3,119 | - | -€3,119 | |
| Remuneration, social security and pensions | 62 | €1,756 | €1,526 | -€230 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,409 | €7,712 | +€303 | +4.1% |
| Other operating charges | 640/8 | €2,203 | €1,556 | -€647 | -29.4% |
| Gross operating margin | 9900 | €22,728 | €29,621 | +€6,893 | +30.3% |
| Operating profit (loss) | 9901 | €11,360 | €18,827 | +€7,467 | +65.7% |
| Financial income | 75/76B | €195 | €510 | +€315 | +162% |
| Recurring financial income | 75 | €195 | €510 | +€315 | +162% |
| Financial charges | 65/66B | €1,065 | €184 | -€881 | -82.7% |
| Recurring financial charges | 65 | €1,065 | €184 | -€881 | -82.7% |
| Profit (loss) for the period before taxes | 9903 | €10,490 | €19,153 | +€8,663 | +82.6% |
| Income taxes | 67/77 | €2,658 | €5,871 | +€3,213 | +121% |
| Profit (loss) for the period | 9904 | €7,832 | €13,282 | +€5,450 | +69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,832 | €13,282 | +€5,450 | +69.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.