KARL VANHEMELRYCK: 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.
KARL VANHEMELRYCK
Largest movements
- Cash -€38,199
down €38,199 (-68.6%), from €55,687 to €17,489
mainly Net result for the year (-€15,180) and Receivables after one year (-€14,000)
- Receivables after one year +€14,000
up €14,000 (+51.9%), from €27,000 to €41,000
- Other debts -€9,072
down €9,072 (-95.1%), from €9,540 to €468
- Profit (loss) carried forward -€7,646
down €7,646, from €0 to -€7,646
- Reserves -€7,534
down €7,534 (-12.0%), from €62,563 to €55,029
- Tax, wage and social debts -€1,286
down €1,286 (-22.1%), from €5,817 to €4,531
- Gross operating margin -€26,404
down €26,404, from €13,198 to -€13,206
- Taxes -€3,390
down €3,390 (-94.8%), from €3,575 to €185
- Other operating charges -€176
down €176 (-11.3%), from €1,560 to €1,384
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 | €92,954 | €67,533 | -€25,421 | -27.3% |
| Fixed assets | 21/28 | €101 | €0 | -€101 | -100% |
| Tangible fixed assets | 22/27 | €101 | €0 | -€101 | -100% |
| Plant, machinery and equipment | 23 | €101 | €0 | -€101 | -100% |
| Current assets | 29/58 | €92,853 | €67,533 | -€25,320 | -27.3% |
| Amounts receivable after more than one year | 29 | €27,000 | €41,000 | +€14,000 | +51.9% |
| Other amounts receivable | 291 | €27,000 | €41,000 | +€14,000 | +51.9% |
| Amounts receivable within one year | 40/41 | €8,239 | €7,768 | -€471 | -5.7% |
| Trade receivables | 40 | €7,331 | €7,768 | +€437 | +6.0% |
| Other amounts receivable | 41 | €909 | €0 | -€909 | -100% |
| Cash at bank and in hand | 54/58 | €55,687 | €17,489 | -€38,199 | -68.6% |
| Deferred charges and accrued income | 490/1 | €1,926 | €1,276 | -€650 | -33.7% |
| Total equity and liabilities | 10/49 | €92,954 | €67,533 | -€25,421 | -27.3% |
| Equity | 10/15 | €74,963 | €59,783 | -€15,180 | -20.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €62,563 | €55,029 | -€7,534 | -12.0% |
| Distributable reserves | 133 | €62,563 | €55,029 | -€7,534 | -12.0% |
| Profit (loss) carried forward | 14 | €0 | -€7,646 | -€7,646 | |
| Amounts payable | 17/49 | €17,991 | €7,750 | -€10,240 | -56.9% |
| Amounts payable within one year | 42/48 | €17,991 | €7,350 | -€10,640 | -59.1% |
| Financial debts | 43 | €0 | €48 | +€48 | |
| Credit institutions | 430/8 | €0 | €48 | +€48 | |
| Trade debts | 44 | €2,634 | €2,303 | -€331 | -12.6% |
| Suppliers | 440/4 | €2,634 | €2,303 | -€331 | -12.6% |
| Taxes, remuneration and social security | 45 | €5,817 | €4,531 | -€1,286 | -22.1% |
| Taxes | 450/3 | €5,817 | €4,531 | -€1,286 | -22.1% |
| Other amounts payable | 47/48 | €9,540 | €468 | -€9,072 | -95.1% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120 | €101 | -€19 | -15.8% |
| Other operating charges | 640/8 | €1,560 | €1,384 | -€176 | -11.3% |
| Gross operating margin | 9900 | €13,198 | -€13,206 | -€26,404 | |
| Operating profit (loss) | 9901 | €11,518 | -€14,691 | -€26,209 | |
| Financial income | 75/76B | €249 | €340 | +€92 | +36.9% |
| Recurring financial income | 75 | €249 | €340 | +€92 | +36.9% |
| Financial charges | 65/66B | €657 | €645 | -€13 | -1.9% |
| Recurring financial charges | 65 | €657 | €645 | -€13 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €11,110 | -€14,995 | -€26,105 | |
| Income taxes | 67/77 | €3,575 | €185 | -€3,390 | -94.8% |
| Profit (loss) for the period | 9904 | €7,534 | -€15,180 | -€22,715 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,534 | -€15,180 | -€22,715 |
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.