KERKHOFS INFORMATION SYSTEMS SOLUTIONS: what changed
KERKHOFS INFORMATION SYSTEMS SOLUTIONS
Largest movements
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Cash +€61,419
up €61,419 (+38.4%), from €159,884 to €221,303
mainly Current investments (+€100,000) and Net result for the year (+€36,676)
- Tangible fixed assets +€44,686
up €44,686 (+159%), from €28,074 to €72,760
of which Furniture and vehicles: +€41,795
- Receivables within one year -€5,737
down €5,737 (-17.7%), from €32,443 to €26,706
of which Trade receivables: -€7,740
- Other debts -€8,540
down €8,540 (-41.9%), from €20,407 to €11,866
- Short-term financial debts +€6,065
new in 2025: €6,065
- Reserves +€4,000
up €4,000 (+1.9%), from €209,658 to €213,658
- Tax, wage and social debts -€3,668
down €3,668 (-29.7%), from €12,365 to €8,698
- Depreciation +€3,203
up €3,203 (+52.6%), from €6,088 to €9,291
- Gross operating margin -€2,704
down €2,704 (-4.4%), from €61,574 to €58,870
- Taxes -€1,776
down €1,776 (-11.2%), from €15,863 to €14,087
- Financial income +€666
up €666 (+30.2%), from €2,207 to €2,873
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 | €322,512 | €322,779 | +€266 | +0.1% |
| Fixed assets | 21/28 | €28,564 | €73,250 | +€44,686 | +156% |
| Tangible fixed assets | 22/27 | €28,074 | €72,760 | +€44,686 | +159% |
| Plant, machinery and equipment | 23 | €2,332 | €3,689 | +€1,358 | +58.2% |
| Furniture and vehicles | 24 | €24,499 | €66,294 | +€41,795 | +171% |
| Other tangible fixed assets | 26 | €1,244 | €2,777 | +€1,533 | +123% |
| Financial fixed assets | 28 | €490 | €490 | = | 0.0% |
| Current assets | 29/58 | €293,948 | €249,528 | -€44,420 | -15.1% |
| Amounts receivable within one year | 40/41 | €32,443 | €26,706 | -€5,737 | -17.7% |
| Trade receivables | 40 | €29,672 | €21,932 | -€7,740 | -26.1% |
| Other amounts receivable | 41 | €2,771 | €4,774 | +€2,003 | +72.3% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €159,884 | €221,303 | +€61,419 | +38.4% |
| Deferred charges and accrued income | 490/1 | €1,621 | €1,519 | -€102 | -6.3% |
| Total equity and liabilities | 10/49 | €322,512 | €322,779 | +€266 | +0.1% |
| Equity | 10/15 | €289,403 | €296,078 | +€6,676 | +2.3% |
| Contributions | 10/11 | €12,422 | €12,422 | = | 0.0% |
| Reserves | 13 | €209,658 | €213,658 | +€4,000 | +1.9% |
| Distributable reserves | 133 | €209,658 | €213,658 | +€4,000 | +1.9% |
| Profit (loss) carried forward | 14 | €67,322 | €69,998 | +€2,676 | +4.0% |
| Amounts payable | 17/49 | €33,110 | €26,701 | -€6,409 | -19.4% |
| Amounts payable within one year | 42/48 | €33,110 | €26,701 | -€6,409 | -19.4% |
| Financial debts | 43 | - | €6,065 | +€6,065 | |
| Credit institutions | 430/8 | - | €6,065 | +€6,065 | |
| Trade debts | 44 | €338 | €71 | -€267 | -79.0% |
| Suppliers | 440/4 | €338 | €71 | -€267 | -79.0% |
| Taxes, remuneration and social security | 45 | €12,365 | €8,698 | -€3,668 | -29.7% |
| Taxes | 450/3 | €12,365 | €8,698 | -€3,668 | -29.7% |
| Other amounts payable | 47/48 | €20,407 | €11,866 | -€8,540 | -41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,088 | €9,291 | +€3,203 | +52.6% |
| Other operating charges | 640/8 | €1,325 | €1,163 | -€162 | -12.2% |
| Gross operating margin | 9900 | €61,574 | €58,870 | -€2,704 | -4.4% |
| Operating profit (loss) | 9901 | €54,161 | €48,416 | -€5,745 | -10.6% |
| Financial income | 75/76B | €2,207 | €2,873 | +€666 | +30.2% |
| Recurring financial income | 75 | €2,207 | €2,873 | +€666 | +30.2% |
| Financial charges | 65/66B | €729 | €527 | -€202 | -27.8% |
| Recurring financial charges | 65 | €729 | €527 | -€202 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €55,639 | €50,762 | -€4,877 | -8.8% |
| Income taxes | 67/77 | €15,863 | €14,087 | -€1,776 | -11.2% |
| Profit (loss) for the period | 9904 | €39,776 | €36,676 | -€3,101 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,776 | €36,676 | -€3,101 | -7.8% |
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 7 November 2026 via checked.be.