KINE PASCAL VOLCKAERT: 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.
KINE PASCAL VOLCKAERT
Largest movements
- Receivables within one year +€10,086
up €10,086 (+5.9%), from €171,008 to €181,094
- Tangible fixed assets -€6,084
down €6,084 (-70.6%), from €8,619 to €2,535
of which Leasing and similar rights: -€6,084
- Cash +€5,621
up €5,621 (+304%), from €1,846 to €7,467
mainly Net result for the year (+€10,670) and Tax, wage and social debts (+€7,024)
- Reserves +€10,670
up €10,670 (+7.8%), from €137,672 to €148,342
of which Distributable reserves: +€10,670
- Debts after one year -€7,976
down €7,976 (-100%), from €7,976 to €0
- Tax, wage and social debts +€7,024
up €7,024 (+30.3%), from €23,161 to €30,185
- Gross operating margin -€28,824
down €28,824 (-51.5%), from €55,941 to €27,117
- Taxes -€6,625
down €6,625 (-48.5%), from €13,649 to €7,024
- Financial charges +€1,968
up €1,968 (+1,311%), from €150 to €2,118
- Other operating charges +€692
up €692 (+129%), from €535 to €1,228
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 | €181,772 | €191,097 | +€9,324 | +5.1% |
| Fixed assets | 21/28 | €8,619 | €2,535 | -€6,084 | -70.6% |
| Tangible fixed assets | 22/27 | €8,619 | €2,535 | -€6,084 | -70.6% |
| Leasing and similar rights | 25 | €8,619 | €2,535 | -€6,084 | -70.6% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €173,153 | €188,562 | +€15,409 | +8.9% |
| Amounts receivable within one year | 40/41 | €171,008 | €181,094 | +€10,086 | +5.9% |
| Other amounts receivable | 41 | €171,008 | €181,094 | +€10,086 | +5.9% |
| Cash at bank and in hand | 54/58 | €1,846 | €7,467 | +€5,621 | +304% |
| Deferred charges and accrued income | 490/1 | €298 | €0 | -€298 | -100% |
| Total equity and liabilities | 10/49 | €181,772 | €191,097 | +€9,324 | +5.1% |
| Equity | 10/15 | €144,172 | €154,842 | +€10,670 | +7.4% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €137,672 | €148,342 | +€10,670 | +7.8% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €135,772 | €146,442 | +€10,670 | +7.9% |
| Amounts payable | 17/49 | €37,600 | €36,254 | -€1,346 | -3.6% |
| Amounts payable after more than one year | 17 | €7,976 | €0 | -€7,976 | -100% |
| Financial debts | 170/4 | €7,976 | €0 | -€7,976 | -100% |
| Amounts payable within one year | 42/48 | €29,624 | €36,254 | +€6,630 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €4,857 | €3,067 | -€1,790 | -36.9% |
| Trade debts | 44 | €1,607 | €3,003 | +€1,396 | +86.9% |
| Suppliers | 440/4 | €1,607 | €3,003 | +€1,396 | +86.9% |
| Taxes, remuneration and social security | 45 | €23,161 | €30,185 | +€7,024 | +30.3% |
| Taxes | 450/3 | €23,161 | €30,185 | +€7,024 | +30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,422 | €6,084 | -€338 | -5.3% |
| Other operating charges | 640/8 | €535 | €1,228 | +€692 | +129% |
| Gross operating margin | 9900 | €55,941 | €27,117 | -€28,824 | -51.5% |
| Operating profit (loss) | 9901 | €48,983 | €19,805 | -€29,178 | -59.6% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €150 | €2,118 | +€1,968 | +1,311% |
| Recurring financial charges | 65 | €150 | €2,118 | +€1,968 | +1,311% |
| Profit (loss) for the period before taxes | 9903 | €48,833 | €17,694 | -€31,139 | -63.8% |
| Income taxes | 67/77 | €13,649 | €7,024 | -€6,625 | -48.5% |
| Profit (loss) for the period | 9904 | €35,184 | €10,670 | -€24,514 | -69.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,184 | €10,670 | -€24,514 | -69.7% |
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 27 October 2026 via checked.be.