Kauffmann - Vangerven: what changed
Kauffmann - Vangerven
Largest movements
- Tangible fixed assets -€5,141
down €5,141 (-16.0%), from €32,155 to €27,014
of which Furniture and vehicles: -€6,962
- Receivables within one year -€1,965
down €1,965 (-100%), from €1,965 to €0
- Cash -€1,633
down €1,633 (-5.1%), from €31,993 to €30,360
mainly Net result for the year (-€9,555) and Investment in fixed assets (net) (-€2,145)
- Reserves -€9,555
down €9,555 (-75.7%), from €12,629 to €3,074
- Other debts +€4,124
up €4,124 (+10.8%), from €38,260 to €42,384
- Trade debts -€1,967
down €1,967 (-96.1%), from €2,047 to €80
- Tax, wage and social debts -€1,340
down €1,340 (-14.6%), from €9,177 to €7,837
- Gross operating margin -€20,699
down €20,699, from €19,613 to -€1,086
- Depreciation +€4,633
up €4,633 (+175%), from €2,653 to €7,286
- Taxes -€2,931
down €2,931 (-90.0%), from €3,255 to €325
- Other operating charges -€252
down €252 (-24.2%), from €1,039 to €787
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 | €66,113 | €57,374 | -€8,738 | -13.2% |
| Fixed assets | 21/28 | €32,155 | €27,014 | -€5,141 | -16.0% |
| Tangible fixed assets | 22/27 | €32,155 | €27,014 | -€5,141 | -16.0% |
| Plant, machinery and equipment | 23 | - | €1,820 | +€1,820 | |
| Furniture and vehicles | 24 | €32,155 | €25,194 | -€6,962 | -21.6% |
| Current assets | 29/58 | €33,958 | €30,360 | -€3,597 | -10.6% |
| Amounts receivable within one year | 40/41 | €1,965 | €0 | -€1,965 | -100% |
| Trade receivables | 40 | €1,965 | €0 | -€1,965 | -100% |
| Cash at bank and in hand | 54/58 | €31,993 | €30,360 | -€1,633 | -5.1% |
| Total equity and liabilities | 10/49 | €66,113 | €57,374 | -€8,738 | -13.2% |
| Equity | 10/15 | €16,629 | €7,074 | -€9,555 | -57.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €12,629 | €3,074 | -€9,555 | -75.7% |
| Distributable reserves | 133 | €12,629 | €3,074 | -€9,555 | -75.7% |
| Amounts payable | 17/49 | €49,484 | €50,300 | +€816 | +1.6% |
| Amounts payable within one year | 42/48 | €49,484 | €50,300 | +€816 | +1.6% |
| Trade debts | 44 | €2,047 | €80 | -€1,967 | -96.1% |
| Suppliers | 440/4 | €2,047 | €80 | -€1,967 | -96.1% |
| Taxes, remuneration and social security | 45 | €9,177 | €7,837 | -€1,340 | -14.6% |
| Taxes | 450/3 | €9,177 | €7,837 | -€1,340 | -14.6% |
| Other amounts payable | 47/48 | €38,260 | €42,384 | +€4,124 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,653 | €7,286 | +€4,633 | +175% |
| Other operating charges | 640/8 | €1,039 | €787 | -€252 | -24.2% |
| Gross operating margin | 9900 | €19,613 | -€1,086 | -€20,699 | |
| Operating profit (loss) | 9901 | €15,921 | -€9,160 | -€25,081 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €38 | €70 | +€33 | +87.7% |
| Recurring financial charges | 65 | €38 | €70 | +€33 | +87.7% |
| Profit (loss) for the period before taxes | 9903 | €15,884 | -€9,230 | -€25,114 | |
| Income taxes | 67/77 | €3,255 | €325 | -€2,931 | -90.0% |
| Profit (loss) for the period | 9904 | €12,629 | -€9,555 | -€22,184 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,629 | -€9,555 | -€22,184 |
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.