KEN VAN HECKE: 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.
KEN VAN HECKE
Largest movements
- Current investments -€165,000
down €165,000 (-100%), from €165,000 to €0
- Cash +€109,368
up €109,368 (+434%), from €25,175 to €134,542
mainly Current investments (+€165,000) and Other debts (+€97,979)
- Tangible fixed assets -€8,980
down €8,980 (-34.8%), from €25,818 to €16,837
- Reserves -€138,631
down €138,631 (-64.7%), from €214,351 to €75,719
- Other debts +€97,979
up €97,979 (+794%), from €12,337 to €110,316
- Tax, wage and social debts -€20,820
down €20,820 (-73.9%), from €28,164 to €7,344
- Trade debts -€3,716
down €3,716 (-95.3%), from €3,900 to €184
- Financial income +€6,947
new in 2025: €6,947
- Gross operating margin -€1,935
down €1,935 (-1.8%), from €105,000 to €103,066
- Taxes +€1,074
up €1,074 (+5.3%), from €20,200 to €21,274
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 | €262,253 | €197,700 | -€64,553 | -24.6% |
| Fixed assets | 21/28 | €25,818 | €16,837 | -€8,980 | -34.8% |
| Tangible fixed assets | 22/27 | €25,818 | €16,837 | -€8,980 | -34.8% |
| Furniture and vehicles | 24 | €25,818 | €16,837 | -€8,980 | -34.8% |
| Current assets | 29/58 | €236,436 | €180,863 | -€55,573 | -23.5% |
| Amounts receivable after more than one year | 29 | €12,000 | €12,000 | = | 0.0% |
| Other amounts receivable | 291 | €12,000 | €12,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €32,826 | €32,832 | +€6 | 0.0% |
| Trade receivables | 40 | €32,670 | €32,670 | = | 0.0% |
| Other amounts receivable | 41 | €156 | €162 | +€6 | +4.2% |
| Current investments | 50/53 | €165,000 | €0 | -€165,000 | -100% |
| Cash at bank and in hand | 54/58 | €25,175 | €134,542 | +€109,368 | +434% |
| Deferred charges and accrued income | 490/1 | €1,436 | €1,489 | +€53 | +3.7% |
| Total equity and liabilities | 10/49 | €262,253 | €197,700 | -€64,553 | -24.6% |
| Equity | 10/15 | €216,851 | €78,219 | -€138,631 | -63.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €214,351 | €75,719 | -€138,631 | -64.7% |
| Distributable reserves | 133 | €214,351 | €75,719 | -€138,631 | -64.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €45,403 | €119,481 | +€74,078 | +163% |
| Amounts payable within one year | 42/48 | €44,401 | €117,844 | +€73,444 | +165% |
| Trade debts | 44 | €3,900 | €184 | -€3,716 | -95.3% |
| Suppliers | 440/4 | €3,900 | €184 | -€3,716 | -95.3% |
| Taxes, remuneration and social security | 45 | €28,164 | €7,344 | -€20,820 | -73.9% |
| Taxes | 450/3 | €28,164 | €7,344 | -€20,820 | -73.9% |
| Other amounts payable | 47/48 | €12,337 | €110,316 | +€97,979 | +794% |
| Accrued charges and deferred income | 492/3 | €1,002 | €1,637 | +€635 | +63.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,390 | €10,416 | +€1,026 | +10.9% |
| Other operating charges | 640/8 | €1,296 | €1,487 | +€191 | +14.7% |
| Gross operating margin | 9900 | €105,000 | €103,066 | -€1,935 | -1.8% |
| Operating profit (loss) | 9901 | €94,314 | €91,162 | -€3,152 | -3.3% |
| Financial income | 75/76B | - | €6,947 | +€6,947 | |
| Recurring financial income | 75 | - | €6,947 | +€6,947 | |
| Financial charges | 65/66B | €852 | €1,046 | +€194 | +22.8% |
| Recurring financial charges | 65 | €852 | €1,046 | +€194 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €93,463 | €97,063 | +€3,601 | +3.9% |
| Income taxes | 67/77 | €20,200 | €21,274 | +€1,074 | +5.3% |
| Profit (loss) for the period | 9904 | €73,262 | €75,789 | +€2,527 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €73,262 | €75,789 | +€2,527 | +3.4% |
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 26 October 2026 via checked.be.