KINE VERCAEMPST SIEBE: 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 VERCAEMPST SIEBE
Largest movements
- Cash +€43,366
up €43,366 (+128%), from €33,935 to €77,300
mainly Net result for the year (+€37,004) and Tax, wage and social debts (+€9,047)
- Receivables within one year +€7,347
up €7,347 (+76.0%), from €9,667 to €17,014
of which Trade receivables: +€6,942
- Reserves +€37,004
up €37,004 (+143%), from €25,851 to €62,856
- Tax, wage and social debts +€9,047
up €9,047 (+79.6%), from €11,372 to €20,419
of which Taxes: +€12,547
- Trade debts +€4,018
up €4,018 (+2,732%), from €147 to €4,165
- Gross operating margin +€15,722
up €15,722 (+47.9%), from €32,818 to €48,540
- Taxes +€3,528
up €3,528 (+51.9%), from €6,804 to €10,332
- Other operating charges +€654
up €654 (+729%), from €90 to €744
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 | €45,152 | €95,138 | +€49,986 | +111% |
| Fixed assets | 21/28 | €1,272 | €823 | -€448 | -35.3% |
| Tangible fixed assets | 22/27 | €1,272 | €823 | -€448 | -35.3% |
| Furniture and vehicles | 24 | €1,272 | €823 | -€448 | -35.3% |
| Current assets | 29/58 | €43,880 | €94,315 | +€50,435 | +115% |
| Amounts receivable within one year | 40/41 | €9,667 | €17,014 | +€7,347 | +76.0% |
| Trade receivables | 40 | €9,667 | €16,610 | +€6,942 | +71.8% |
| Other amounts receivable | 41 | - | €404 | +€404 | |
| Cash at bank and in hand | 54/58 | €33,935 | €77,300 | +€43,366 | +128% |
| Deferred charges and accrued income | 490/1 | €278 | €0 | -€278 | -100% |
| Total equity and liabilities | 10/49 | €45,152 | €95,138 | +€49,986 | +111% |
| Equity | 10/15 | €31,851 | €68,856 | +€37,004 | +116% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €25,851 | €62,856 | +€37,004 | +143% |
| Distributable reserves | 133 | €25,851 | €62,856 | +€37,004 | +143% |
| Amounts payable | 17/49 | €13,300 | €26,282 | +€12,982 | +97.6% |
| Amounts payable within one year | 42/48 | €13,300 | €26,282 | +€12,982 | +97.6% |
| Trade debts | 44 | €147 | €4,165 | +€4,018 | +2,732% |
| Suppliers | 440/4 | €147 | €4,165 | +€4,018 | +2,732% |
| Taxes, remuneration and social security | 45 | €11,372 | €20,419 | +€9,047 | +79.6% |
| Taxes | 450/3 | €7,872 | €20,419 | +€12,547 | +159% |
| Remuneration and social security | 454/9 | €3,500 | €0 | -€3,500 | -100% |
| Other amounts payable | 47/48 | €1,782 | €1,699 | -€83 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74 | €448 | +€375 | +510% |
| Other operating charges | 640/8 | €90 | €744 | +€654 | +729% |
| Gross operating margin | 9900 | €32,818 | €48,540 | +€15,722 | +47.9% |
| Operating profit (loss) | 9901 | €32,655 | €47,348 | +€14,693 | +45.0% |
| Financial income | 75/76B | €0 | €59 | +€59 | +65,789% |
| Recurring financial income | 75 | €0 | €59 | +€59 | +65,789% |
| Financial charges | 65/66B | - | €71 | +€71 | |
| Recurring financial charges | 65 | - | €71 | +€71 | |
| Profit (loss) for the period before taxes | 9903 | €32,655 | €47,337 | +€14,682 | +45.0% |
| Income taxes | 67/77 | €6,804 | €10,332 | +€3,528 | +51.9% |
| Profit (loss) for the period | 9904 | €25,851 | €37,004 | +€11,153 | +43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,851 | €37,004 | +€11,153 | +43.1% |
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 25 October 2026 via checked.be.