Kerkhove Construction: what changed
What changed
Kerkhove Construction
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€35,739
2024 · -€12,363+€48,102
Equity
€53,029
2024 · €17,290+€35,739
Cash
€10,289
2024 · €3,828+€6,461
Balance sheet total
€125,257
2024 · €24,219+€101,038
Largest movements
Assets
- Tangible fixed assets +€76,522
up €76,522 (+420%), from €18,222 to €94,744
of which Furniture and vehicles: +€50,582
- Receivables within one year +€14,903
up €14,903 (+687%), from €2,169 to €17,072
of which Trade receivables: +€8,496
- Cash +€6,461
up €6,461 (+169%), from €3,828 to €10,289
mainly Other debts (+€67,372) and Net result for the year (+€35,739)
- Financial fixed assets +€1,626
new in 2025: €1,626
- Deferred charges and accrued income +€1,526
new in 2025: €1,526
Equity and liabilities
- Other debts +€67,372
up €67,372 (+1,773%), from €3,800 to €71,172
- Profit (loss) carried forward +€35,739
up €35,739 (+890%), from €4,017 to €39,756
Income statement
- Gross operating margin +€40,893
up €40,893, from -€4,125 to €36,768
- Write-downs -€37,831
new in 2025: -€37,831
- Staff costs +€28,011
new in 2025: €28,011
- Purchases and services -€6,994
no longer reported in 2025 (was €6,994)
- Depreciation +€4,423
up €4,423 (+94.8%), from €4,666 to €9,089
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.
Result 2024
-€12,363
Gross operating margin
+€40,893
Staff costs
-€28,011
Depreciation
-€4,423
Write-downs
+€37,831
Other operating charges
+€1,894
Financial charges
-€81
Result 2025
€35,739
raises the resultlowers the result
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.
From operations
+€93,698
Investment
-€87,237
Financing
-€0
Cash 2024
€3,828
From operations (derived)
+€93,698
Net result for the year
+€35,739
Depreciation
+€9,089
Receivables within one year
-€14,903
Deferred charges and accrued income
-€1,526
Trade debts
-€1,113
Tax, wage and social debts
-€960
Other debts
+€67,372
Investment (derived)
-€87,237
Investment in fixed assets (net)
-€87,237
Financing
-€0
Contributions, distributions and other
-€0
Cash 2025
€10,289
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,219 | €125,257 | +€101,038 | +417% |
| Fixed assets | 21/28 | €18,222 | €96,370 | +€78,148 | +429% |
| Tangible fixed assets | 22/27 | €18,222 | €94,744 | +€76,522 | +420% |
| Plant, machinery and equipment | 23 | €17,006 | €43,388 | +€26,382 | +155% |
| Furniture and vehicles | 24 | €110 | €50,692 | +€50,582 | +46,047% |
| Leasing and similar rights | 25 | €1,107 | €664 | -€443 | -40.0% |
| Financial fixed assets | 28 | - | €1,626 | +€1,626 | |
| Current assets | 29/58 | €5,997 | €28,887 | +€22,890 | +382% |
| Amounts receivable within one year | 40/41 | €2,169 | €17,072 | +€14,903 | +687% |
| Trade receivables | 40 | €2,169 | €10,665 | +€8,496 | +392% |
| Other amounts receivable | 41 | - | €6,407 | +€6,407 | |
| Cash at bank and in hand | 54/58 | €3,828 | €10,289 | +€6,461 | +169% |
| Deferred charges and accrued income | 490/1 | - | €1,526 | +€1,526 | |
| Total equity and liabilities | 10/49 | €24,219 | €125,257 | +€101,038 | +417% |
| Equity | 10/15 | €17,290 | €53,029 | +€35,739 | +207% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Capital | 10 | €6,300 | €6,300 | = | 0.0% |
| Issued capital | 100 | €18,900 | €18,900 | = | 0.0% |
| Uncalled capital | 101 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €6,973 | €6,973 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €6,973 | €6,973 | -€0 | 0.0% |
| Legal reserve | 130 | €6,973 | €6,973 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €4,017 | €39,756 | +€35,739 | +890% |
| Amounts payable | 17/49 | €6,929 | €72,228 | +€65,299 | +942% |
| Amounts payable within one year | 42/48 | €6,929 | €72,228 | +€65,299 | +942% |
| Trade debts | 44 | €2,169 | €1,056 | -€1,113 | -51.3% |
| Suppliers | 440/4 | €2,169 | €1,056 | -€1,113 | -51.3% |
| Taxes, remuneration and social security | 45 | €960 | - | -€960 | |
| Taxes | 450/3 | €960 | - | -€960 | |
| Other amounts payable | 47/48 | €3,800 | €71,172 | +€67,372 | +1,773% |
| Turnover | 70 | €456 | - | -€456 | |
| Non-recurring operating income | 76A | €2,413 | - | -€2,413 | |
| Goods, raw materials, services and sundry goods | 60/61 | €6,994 | - | -€6,994 | |
| Remuneration, social security and pensions | 62 | - | €28,011 | +€28,011 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,666 | €9,089 | +€4,423 | +94.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€37,831 | -€37,831 | |
| Other operating charges | 640/8 | €3,475 | €1,581 | -€1,894 | -54.5% |
| Gross operating margin | 9900 | -€4,125 | €36,768 | +€40,893 | |
| Operating profit (loss) | 9901 | -€12,266 | €35,918 | +€48,184 | |
| Financial charges | 65/66B | €98 | €179 | +€81 | +83.4% |
| Recurring financial charges | 65 | €98 | €179 | +€81 | +83.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,363 | €35,739 | +€48,102 | |
| Profit (loss) for the period | 9904 | -€12,363 | €35,739 | +€48,102 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,363 | €35,739 | +€48,102 |
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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 8 November 2026 via checked.be.