KERKHOVE - WERBROUCK: 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.
KERKHOVE - WERBROUCK
Largest movements
- Tangible fixed assets -€25,063
down €25,063 (-18.0%), from €139,342 to €114,279
of which Furniture and vehicles: -€18,264
- Receivables within one year -€24,061
down €24,061 (-18.6%), from €129,546 to €105,485
of which Other amounts receivable: -€31,367
- Deferred charges and accrued income -€5,161
down €5,161 (-34.9%), from €14,774 to €9,612
- Reserves -€51,055
down €51,055 (-27.7%), from €184,583 to €133,528
of which Distributable reserves: -€51,055
- Trade debts +€11,161
up €11,161 (+96.0%), from €11,622 to €22,783
- Short-term financial debts -€8,365
down €8,365 (-100%), from €8,365 to €0
- Tax, wage and social debts +€5,614
up €5,614 (+104%), from €5,373 to €10,987
- Current portion of long-term debt -€4,853
down €4,853 (-51.0%), from €9,510 to €4,657
- Gross operating margin +€6,576
up €6,576 (+16.8%), from €39,076 to €45,652
- Financial charges +€5,191
up €5,191 (+162%), from €3,196 to €8,387
- Financial income +€4,336
up €4,336 (+69.3%), from €6,256 to €10,593
- Taxes -€1,562
down €1,562 (-20.8%), from €7,498 to €5,935
- Staff costs -€1,008
down €1,008 (-34.3%), from €2,940 to €1,932
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 | €357,360 | €305,204 | -€52,156 | -14.6% |
| Fixed assets | 21/28 | €139,342 | €114,279 | -€25,063 | -18.0% |
| Tangible fixed assets | 22/27 | €139,342 | €114,279 | -€25,063 | -18.0% |
| Land and buildings | 22 | €78,258 | €71,459 | -€6,799 | -8.7% |
| Furniture and vehicles | 24 | €61,084 | €42,820 | -€18,264 | -29.9% |
| Current assets | 29/58 | €218,018 | €190,926 | -€27,092 | -12.4% |
| Amounts receivable within one year | 40/41 | €129,546 | €105,485 | -€24,061 | -18.6% |
| Trade receivables | 40 | €23,357 | €30,662 | +€7,305 | +31.3% |
| Other amounts receivable | 41 | €106,189 | €74,823 | -€31,367 | -29.5% |
| Current investments | 50/53 | €70,000 | €70,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,699 | €5,829 | +€2,130 | +57.6% |
| Deferred charges and accrued income | 490/1 | €14,774 | €9,612 | -€5,161 | -34.9% |
| Total equity and liabilities | 10/49 | €357,360 | €305,204 | -€52,156 | -14.6% |
| Equity | 10/15 | €296,458 | €245,404 | -€51,055 | -17.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €184,583 | €133,528 | -€51,055 | -27.7% |
| Tax-exempt reserves | 132 | €10,498 | €10,498 | = | 0.0% |
| Distributable reserves | 133 | €174,085 | €123,030 | -€51,055 | -29.3% |
| Profit (loss) carried forward | 14 | €93,275 | €93,275 | = | 0.0% |
| Amounts payable | 17/49 | €60,902 | €59,801 | -€1,101 | -1.8% |
| Amounts payable after more than one year | 17 | €26,031 | €21,374 | -€4,657 | -17.9% |
| Financial debts | 170/4 | €26,031 | €21,374 | -€4,657 | -17.9% |
| Amounts payable within one year | 42/48 | €34,871 | €38,427 | +€3,556 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €9,510 | €4,657 | -€4,853 | -51.0% |
| Financial debts | 43 | €8,365 | €0 | -€8,365 | -100% |
| Credit institutions | 430/8 | €8,365 | €0 | -€8,365 | -100% |
| Trade debts | 44 | €11,622 | €22,783 | +€11,161 | +96.0% |
| Suppliers | 440/4 | €11,622 | €22,783 | +€11,161 | +96.0% |
| Taxes, remuneration and social security | 45 | €5,373 | €10,987 | +€5,614 | +104% |
| Taxes | 450/3 | €5,373 | €10,987 | +€5,614 | +104% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,940 | €1,932 | -€1,008 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,223 | €25,063 | -€159 | -0.6% |
| Other operating charges | 640/8 | €2,829 | €2,273 | -€557 | -19.7% |
| Non-recurring operating charges | 66A | - | €9,502 | +€9,502 | |
| Gross operating margin | 9900 | €39,076 | €45,652 | +€6,576 | +16.8% |
| Operating profit (loss) | 9901 | €8,084 | €6,882 | -€1,202 | -14.9% |
| Financial income | 75/76B | €6,256 | €10,593 | +€4,336 | +69.3% |
| Recurring financial income | 75 | €6,256 | €10,593 | +€4,336 | +69.3% |
| Financial charges | 65/66B | €3,196 | €8,387 | +€5,191 | +162% |
| Recurring financial charges | 65 | €3,196 | €8,387 | +€5,191 | +162% |
| Profit (loss) for the period before taxes | 9903 | €11,144 | €9,088 | -€2,057 | -18.5% |
| Income taxes | 67/77 | €7,498 | €5,935 | -€1,562 | -20.8% |
| Profit (loss) for the period | 9904 | €3,646 | €3,152 | -€494 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,646 | €3,152 | -€494 | -13.6% |
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 26 October 2026 via checked.be.