KINE VANKELEGOM: 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 VANKELEGOM
Largest movements
- Cash +€37,495
up €37,495 (+71.8%), from €52,210 to €89,706
mainly Net result for the year (+€35,546) and Depreciation (+€15,851)
- Current investments +€15,163
up €15,163 (+299%), from €5,070 to €20,233
- Tangible fixed assets -€15,027
down €15,027 (-9.2%), from €163,106 to €148,079
of which Land and buildings: -€9,773
- Receivables within one year +€9,570
up €9,570 (+996%), from €960 to €10,531
of which Trade receivables: +€10,531
- Reserves +€35,546
up €35,546 (+33.6%), from €105,893 to €141,439
- Trade debts +€9,354
up €9,354 (+197%), from €4,753 to €14,107
- Tax, wage and social debts +€5,855
up €5,855 (+259%), from €2,258 to €8,114
- Debts after one year -€5,384
down €5,384 (-10.0%), from €53,929 to €48,545
- Gross operating margin +€18,606
up €18,606 (+35.7%), from €52,188 to €70,794
- Depreciation +€7,380
up €7,380 (+87.1%), from €8,471 to €15,851
- Taxes -€4,978
down €4,978 (-24.7%), from €20,172 to €15,194
- Other operating charges +€1,738
up €1,738 (+437%), from €397 to €2,136
- Financial charges +€1,377
up €1,377 (+130%), from €1,058 to €2,436
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 | €223,341 | €270,199 | +€46,858 | +21.0% |
| Fixed assets | 21/28 | €163,106 | €148,079 | -€15,027 | -9.2% |
| Tangible fixed assets | 22/27 | €163,106 | €148,079 | -€15,027 | -9.2% |
| Land and buildings | 22 | €144,782 | €135,009 | -€9,773 | -6.8% |
| Plant, machinery and equipment | 23 | €7,565 | €4,996 | -€2,569 | -34.0% |
| Furniture and vehicles | 24 | €1,912 | €495 | -€1,418 | -74.1% |
| Other tangible fixed assets | 26 | €8,847 | €7,580 | -€1,267 | -14.3% |
| Current assets | 29/58 | €60,235 | €122,119 | +€61,885 | +103% |
| Amounts receivable within one year | 40/41 | €960 | €10,531 | +€9,570 | +996% |
| Trade receivables | 40 | - | €10,531 | +€10,531 | |
| Other amounts receivable | 41 | €960 | - | -€960 | |
| Current investments | 50/53 | €5,070 | €20,233 | +€15,163 | +299% |
| Cash at bank and in hand | 54/58 | €52,210 | €89,706 | +€37,495 | +71.8% |
| Deferred charges and accrued income | 490/1 | €1,994 | €1,650 | -€344 | -17.3% |
| Total equity and liabilities | 10/49 | €223,341 | €270,199 | +€46,858 | +21.0% |
| Equity | 10/15 | €153,368 | €188,914 | +€35,546 | +23.2% |
| Contributions | 10/11 | €8,184 | €8,184 | = | 0.0% |
| Contributions outside capital | 11 | €8,184 | €8,184 | = | 0.0% |
| Other | 1109/19 | €8,184 | €8,184 | = | 0.0% |
| Reserves | 13 | €105,893 | €141,439 | +€35,546 | +33.6% |
| Distributable reserves | 133 | €105,893 | €141,439 | +€35,546 | +33.6% |
| Profit (loss) carried forward | 14 | €39,291 | €39,291 | = | 0.0% |
| Amounts payable | 17/49 | €69,972 | €81,284 | +€11,312 | +16.2% |
| Amounts payable after more than one year | 17 | €53,929 | €48,545 | -€5,384 | -10.0% |
| Financial debts | 170/4 | €53,929 | €48,545 | -€5,384 | -10.0% |
| Amounts payable within one year | 42/48 | €16,044 | €31,849 | +€15,805 | +98.5% |
| Current portion of amounts payable after more than one year | 42 | €5,218 | €5,384 | +€166 | +3.2% |
| Trade debts | 44 | €4,753 | €14,107 | +€9,354 | +197% |
| Suppliers | 440/4 | €4,753 | €14,107 | +€9,354 | +197% |
| Taxes, remuneration and social security | 45 | €2,258 | €8,114 | +€5,855 | +259% |
| Taxes | 450/3 | €2,258 | €8,114 | +€5,855 | +259% |
| Other amounts payable | 47/48 | €3,814 | €4,244 | +€430 | +11.3% |
| Accrued charges and deferred income | 492/3 | - | €891 | +€891 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,471 | €15,851 | +€7,380 | +87.1% |
| Other operating charges | 640/8 | €397 | €2,136 | +€1,738 | +437% |
| Gross operating margin | 9900 | €52,188 | €70,794 | +€18,606 | +35.7% |
| Operating profit (loss) | 9901 | €43,320 | €52,807 | +€9,487 | +21.9% |
| Financial income | 75/76B | €495 | €369 | -€126 | -25.5% |
| Recurring financial income | 75 | €495 | €369 | -€126 | -25.5% |
| Financial charges | 65/66B | €1,058 | €2,436 | +€1,377 | +130% |
| Recurring financial charges | 65 | €1,058 | €2,436 | +€1,377 | +130% |
| Profit (loss) for the period before taxes | 9903 | €42,756 | €50,740 | +€7,984 | +18.7% |
| Income taxes | 67/77 | €20,172 | €15,194 | -€4,978 | -24.7% |
| Profit (loss) for the period | 9904 | €22,584 | €35,546 | +€12,962 | +57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,584 | €35,546 | +€12,962 | +57.4% |
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 1 November 2026 via checked.be.