Kiné Kelchtermans: 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.
Kiné Kelchtermans
Largest movements
- Current investments +€49,961
new in 2025: €49,961
- Cash -€28,699
down €28,699 (-90.3%), from €31,784 to €3,085
mainly Current investments (-€49,961) and Tax, wage and social debts (-€2,400)
- Tangible fixed assets -€1,980
down €1,980 (-27.7%), from €7,145 to €5,165
of which Furniture and vehicles: -€3,958
- Deferred charges and accrued income +€1,690
up €1,690 (+297%), from €569 to €2,259
- Receivables within one year +€1,236
up €1,236 (+20.5%), from €6,023 to €7,259
- Reserves +€23,529
up €23,529 (+73.5%), from €32,021 to €55,550
- Tax, wage and social debts -€2,400
down €2,400 (-26.4%), from €9,082 to €6,682
- Trade debts +€1,080
up €1,080 (+259%), from €417 to €1,498
- Gross operating margin -€9,097
down €9,097 (-20.6%), from €44,065 to €34,969
- Taxes -€2,400
down €2,400 (-26.4%), from €9,082 to €6,682
- Financial charges +€1,368
up €1,368 (+2,316%), from €59 to €1,427
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 | €45,520 | €67,729 | +€22,209 | +48.8% |
| Fixed assets | 21/28 | €7,145 | €5,165 | -€1,980 | -27.7% |
| Tangible fixed assets | 22/27 | €7,145 | €5,165 | -€1,980 | -27.7% |
| Plant, machinery and equipment | 23 | - | €1,978 | +€1,978 | |
| Furniture and vehicles | 24 | €7,145 | €3,187 | -€3,958 | -55.4% |
| Current assets | 29/58 | €38,376 | €62,564 | +€24,189 | +63.0% |
| Amounts receivable within one year | 40/41 | €6,023 | €7,259 | +€1,236 | +20.5% |
| Trade receivables | 40 | €6,023 | €7,259 | +€1,236 | +20.5% |
| Current investments | 50/53 | - | €49,961 | +€49,961 | |
| Cash at bank and in hand | 54/58 | €31,784 | €3,085 | -€28,699 | -90.3% |
| Deferred charges and accrued income | 490/1 | €569 | €2,259 | +€1,690 | +297% |
| Total equity and liabilities | 10/49 | €45,520 | €67,729 | +€22,209 | +48.8% |
| Equity | 10/15 | €36,021 | €59,550 | +€23,529 | +65.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €32,021 | €55,550 | +€23,529 | +73.5% |
| Distributable reserves | 133 | €32,021 | €55,550 | +€23,529 | +73.5% |
| Amounts payable | 17/49 | €9,499 | €8,180 | -€1,320 | -13.9% |
| Amounts payable within one year | 42/48 | €9,499 | €8,180 | -€1,320 | -13.9% |
| Trade debts | 44 | €417 | €1,498 | +€1,080 | +259% |
| Suppliers | 440/4 | €417 | €1,498 | +€1,080 | +259% |
| Taxes, remuneration and social security | 45 | €9,082 | €6,682 | -€2,400 | -26.4% |
| Taxes | 450/3 | €9,082 | €6,682 | -€2,400 | -26.4% |
| Non-recurring operating income | 76A | - | €3,129 | +€3,129 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,075 | €2,342 | +€268 | +12.9% |
| Other operating charges | 640/8 | €828 | €994 | +€166 | +20.0% |
| Gross operating margin | 9900 | €44,065 | €34,969 | -€9,097 | -20.6% |
| Operating profit (loss) | 9901 | €41,162 | €31,632 | -€9,530 | -23.2% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €59 | €1,427 | +€1,368 | +2,316% |
| Recurring financial charges | 65 | €59 | €1,427 | +€1,368 | +2,316% |
| Profit (loss) for the period before taxes | 9903 | €41,103 | €30,211 | -€10,892 | -26.5% |
| Income taxes | 67/77 | €9,082 | €6,682 | -€2,400 | -26.4% |
| Profit (loss) for the period | 9904 | €32,021 | €23,529 | -€8,492 | -26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,021 | €23,529 | -€8,492 | -26.5% |
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 24 October 2026 via checked.be.