Kitwerken Vanheel: 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.
Kitwerken Vanheel
Largest movements
- Cash -€98,517
down €98,517 (-72.6%), from €135,695 to €37,178
mainly Contributions, distributions and other (-€131,745) and Receivables within one year (-€21,200)
- Receivables within one year +€21,200
up €21,200 (+27.9%), from €75,880 to €97,079
of which Other amounts receivable: +€40,302
- Stocks and contracts -€7,317
down €7,317 (-82.3%), from €8,889 to €1,572
- Reserves -€52,684
down €52,684 (-27.6%), from €190,591 to €137,907
- Tax, wage and social debts -€17,966
down €17,966 (-57.2%), from €31,423 to €13,457
of which Taxes: -€19,906
- Debts after one year -€10,229
down €10,229 (-52.7%), from €19,428 to €9,199
- Trade debts -€6,886
down €6,886 (-56.6%), from €12,155 to €5,270
- Gross operating margin -€47,381
down €47,381 (-18.8%), from €251,956 to €204,575
- Taxes -€11,099
down €11,099 (-32.3%), from €34,344 to €23,245
- Depreciation -€2,815
down €2,815 (-13.4%), from €21,057 to €18,242
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 | €284,175 | €194,662 | -€89,513 | -31.5% |
| Fixed assets | 21/28 | €60,010 | €57,765 | -€2,245 | -3.7% |
| Tangible fixed assets | 22/27 | €60,010 | €57,765 | -€2,245 | -3.7% |
| Plant, machinery and equipment | 23 | €1,671 | €752 | -€919 | -55.0% |
| Furniture and vehicles | 24 | €28,391 | €31,577 | +€3,186 | +11.2% |
| Other tangible fixed assets | 26 | €29,948 | €25,436 | -€4,512 | -15.1% |
| Current assets | 29/58 | €224,165 | €136,897 | -€87,268 | -38.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €8,889 | €1,572 | -€7,317 | -82.3% |
| Stocks | 30/36 | €8,889 | €1,572 | -€7,317 | -82.3% |
| Amounts receivable within one year | 40/41 | €75,880 | €97,079 | +€21,200 | +27.9% |
| Trade receivables | 40 | €60,902 | €41,800 | -€19,103 | -31.4% |
| Other amounts receivable | 41 | €14,978 | €55,280 | +€40,302 | +269% |
| Cash at bank and in hand | 54/58 | €135,695 | €37,178 | -€98,517 | -72.6% |
| Deferred charges and accrued income | 490/1 | €3,701 | €1,068 | -€2,633 | -71.1% |
| Total equity and liabilities | 10/49 | €284,175 | €194,662 | -€89,513 | -31.5% |
| Equity | 10/15 | €209,191 | €156,507 | -€52,684 | -25.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €190,591 | €137,907 | -€52,684 | -27.6% |
| Distributable reserves | 133 | €190,591 | €137,907 | -€52,684 | -27.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €74,984 | €38,155 | -€36,828 | -49.1% |
| Amounts payable after more than one year | 17 | €19,428 | €9,199 | -€10,229 | -52.7% |
| Financial debts | 170/4 | €19,428 | €9,199 | -€10,229 | -52.7% |
| Amounts payable within one year | 42/48 | €55,555 | €28,956 | -€26,599 | -47.9% |
| Current portion of amounts payable after more than one year | 42 | €11,977 | €10,229 | -€1,748 | -14.6% |
| Trade debts | 44 | €12,155 | €5,270 | -€6,886 | -56.6% |
| Suppliers | 440/4 | €12,155 | €5,270 | -€6,886 | -56.6% |
| Taxes, remuneration and social security | 45 | €31,423 | €13,457 | -€17,966 | -57.2% |
| Taxes | 450/3 | €31,423 | €11,517 | -€19,906 | -63.3% |
| Remuneration and social security | 454/9 | - | €1,940 | +€1,940 | |
| Remuneration, social security and pensions | 62 | €77,244 | €75,025 | -€2,219 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,057 | €18,242 | -€2,815 | -13.4% |
| Other operating charges | 640/8 | €1,738 | €3,241 | +€1,503 | +86.5% |
| Non-recurring operating charges | 66A | €1,526 | €1,498 | -€28 | -1.9% |
| Gross operating margin | 9900 | €251,956 | €204,575 | -€47,381 | -18.8% |
| Operating profit (loss) | 9901 | €150,391 | €106,569 | -€43,822 | -29.1% |
| Financial income | 75/76B | €1,237 | €1,600 | +€363 | +29.4% |
| Recurring financial income | 75 | €1,237 | €1,600 | +€363 | +29.4% |
| Financial charges | 65/66B | €5,945 | €5,864 | -€81 | -1.4% |
| Recurring financial charges | 65 | €5,945 | €5,864 | -€81 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €145,683 | €102,305 | -€43,377 | -29.8% |
| Income taxes | 67/77 | €34,344 | €23,245 | -€11,099 | -32.3% |
| Profit (loss) for the period | 9904 | €111,339 | €79,061 | -€32,279 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €111,339 | €79,061 | -€32,279 | -29.0% |
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.