Kenneth Vansweevelt: 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.
Kenneth Vansweevelt
Largest movements
- Tangible fixed assets +€24,104
up €24,104 (+122%), from €19,826 to €43,930
of which Furniture and vehicles: +€26,667
- Receivables within one year +€16,936
up €16,936 (+91.7%), from €18,466 to €35,402
of which Other amounts receivable: +€10,478
- Cash -€9,159
down €9,159 (-71.9%), from €12,735 to €3,576
mainly Investment in fixed assets (net) (-€38,557) and Receivables within one year (-€16,936)
- Trade debts +€22,296
up €22,296 (+118%), from €18,960 to €41,255
- Profit (loss) carried forward +€15,984
up €15,984 (+67.5%), from €23,669 to €39,653
- Current portion of long-term debt -€3,890
no longer reported in 2025 (was €3,890)
- Tax, wage and social debts -€2,509
no longer reported in 2025 (was €2,509)
- Gross operating margin +€40,167
up €40,167, from -€8,912 to €31,255
- Turnover +€30,685
up €30,685 (+58.6%), from €52,329 to €83,014
- Purchases and services -€9,532
down €9,532 (-15.6%), from €61,290 to €51,759
- Depreciation +€6,629
up €6,629 (+84.7%), from €7,823 to €14,452
- Taxes -€2,850
no longer reported in 2025 (was €2,850)
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 | €51,027 | €82,909 | +€31,881 | +62.5% |
| Fixed assets | 21/28 | €19,826 | €43,930 | +€24,104 | +122% |
| Tangible fixed assets | 22/27 | €19,826 | €43,930 | +€24,104 | +122% |
| Plant, machinery and equipment | 23 | €14,868 | €12,305 | -€2,563 | -17.2% |
| Furniture and vehicles | 24 | €4,958 | €31,625 | +€26,667 | +538% |
| Current assets | 29/58 | €31,201 | €38,978 | +€7,777 | +24.9% |
| Amounts receivable within one year | 40/41 | €18,466 | €35,402 | +€16,936 | +91.7% |
| Trade receivables | 40 | €3,894 | €10,352 | +€6,458 | +166% |
| Other amounts receivable | 41 | €14,573 | €25,051 | +€10,478 | +71.9% |
| Cash at bank and in hand | 54/58 | €12,735 | €3,576 | -€9,159 | -71.9% |
| Total equity and liabilities | 10/49 | €51,027 | €82,909 | +€31,881 | +62.5% |
| Equity | 10/15 | €25,669 | €41,653 | +€15,984 | +62.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,669 | €39,653 | +€15,984 | +67.5% |
| Amounts payable | 17/49 | €25,358 | €41,255 | +€15,897 | +62.7% |
| Amounts payable within one year | 42/48 | €25,358 | €41,255 | +€15,897 | +62.7% |
| Current portion of amounts payable after more than one year | 42 | €3,890 | - | -€3,890 | |
| Trade debts | 44 | €18,960 | €41,255 | +€22,296 | +118% |
| Suppliers | 440/4 | €18,960 | €41,255 | +€22,296 | +118% |
| Taxes, remuneration and social security | 45 | €2,509 | - | -€2,509 | |
| Taxes | 450/3 | €2,509 | - | -€2,509 | |
| Turnover | 70 | €52,329 | €83,014 | +€30,685 | +58.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €61,290 | €51,759 | -€9,532 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,823 | €14,452 | +€6,629 | +84.7% |
| Other operating charges | 640/8 | €525 | €827 | +€301 | +57.3% |
| Gross operating margin | 9900 | -€8,912 | €31,255 | +€40,167 | |
| Operating profit (loss) | 9901 | -€17,260 | €15,977 | +€33,237 | |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €903 | - | -€903 | |
| Recurring financial charges | 65 | €903 | - | -€903 | |
| Profit (loss) for the period before taxes | 9903 | -€18,164 | €15,984 | +€34,148 | |
| Income taxes | 67/77 | €2,850 | - | -€2,850 | |
| Profit (loss) for the period | 9904 | -€21,013 | €15,984 | +€36,997 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,013 | €15,984 | +€36,997 |
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 25 October 2026 via checked.be.