KRIS VERVAECKE: 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.
KRIS VERVAECKE
Largest movements
- Cash +€80,656
up €80,656 (+53.8%), from €149,915 to €230,571
mainly Other debts (+€85,000) and Net result for the year (+€62,069)
- Receivables within one year -€18,389
down €18,389 (-18.7%), from €98,213 to €79,824
of which Other amounts receivable: -€13,938
- Tangible fixed assets -€15,698
down €15,698 (-16.0%), from €98,174 to €82,477
of which Leasing and similar rights: -€7,920
- Other debts +€85,000
up €85,000 (+283%), from €30,000 to €115,000
- Reserves -€54,000
down €54,000 (-25.1%), from €215,000 to €161,000
of which Distributable reserves: -€54,000
- Trade debts +€11,205
up €11,205 (+5,516%), from €203 to €11,408
- Staff costs -€11,666
down €11,666 (-14.9%), from €78,494 to €66,828
- Taxes +€3,363
up €3,363 (+15.6%), from €21,602 to €24,966
- Financial income +€3,184
up €3,184 (+9,163%), from €35 to €3,219
- Depreciation -€2,237
down €2,237 (-7.6%), from €29,574 to €27,338
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 | €348,803 | €393,604 | +€44,801 | +12.8% |
| Fixed assets | 21/28 | €98,174 | €82,477 | -€15,698 | -16.0% |
| Tangible fixed assets | 22/27 | €98,174 | €82,477 | -€15,698 | -16.0% |
| Land and buildings | 22 | €31,214 | €26,872 | -€4,343 | -13.9% |
| Plant, machinery and equipment | 23 | €33,521 | €28,121 | -€5,400 | -16.1% |
| Furniture and vehicles | 24 | €17,600 | €19,564 | +€1,965 | +11.2% |
| Leasing and similar rights | 25 | €15,840 | €7,920 | -€7,920 | -50.0% |
| Current assets | 29/58 | €250,629 | €311,127 | +€60,498 | +24.1% |
| Amounts receivable within one year | 40/41 | €98,213 | €79,824 | -€18,389 | -18.7% |
| Trade receivables | 40 | €56,717 | €52,266 | -€4,451 | -7.8% |
| Other amounts receivable | 41 | €41,496 | €27,558 | -€13,938 | -33.6% |
| Cash at bank and in hand | 54/58 | €149,915 | €230,571 | +€80,656 | +53.8% |
| Deferred charges and accrued income | 490/1 | €2,500 | €732 | -€1,768 | -70.7% |
| Total equity and liabilities | 10/49 | €348,803 | €393,604 | +€44,801 | +12.8% |
| Equity | 10/15 | €305,615 | €252,684 | -€52,931 | -17.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €215,000 | €161,000 | -€54,000 | -25.1% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €205,000 | €151,000 | -€54,000 | -26.3% |
| Profit (loss) carried forward | 14 | €70,615 | €71,684 | +€1,069 | +1.5% |
| Amounts payable | 17/49 | €43,188 | €140,920 | +€97,732 | +226% |
| Amounts payable within one year | 42/48 | €43,154 | €140,894 | +€97,740 | +226% |
| Trade debts | 44 | €203 | €11,408 | +€11,205 | +5,516% |
| Suppliers | 440/4 | €203 | €11,408 | +€11,205 | +5,516% |
| Taxes, remuneration and social security | 45 | €12,950 | €14,486 | +€1,536 | +11.9% |
| Taxes | 450/3 | €5,813 | €7,093 | +€1,280 | +22.0% |
| Remuneration and social security | 454/9 | €7,138 | €7,393 | +€256 | +3.6% |
| Other amounts payable | 47/48 | €30,000 | €115,000 | +€85,000 | +283% |
| Accrued charges and deferred income | 492/3 | €34 | €26 | -€8 | -24.5% |
| Non-recurring operating income | 76A | - | €2,709 | +€2,709 | |
| Remuneration, social security and pensions | 62 | €78,494 | €66,828 | -€11,666 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,574 | €27,338 | -€2,237 | -7.6% |
| Other operating charges | 640/8 | €3,803 | €3,918 | +€115 | +3.0% |
| Gross operating margin | 9900 | €183,473 | €182,805 | -€668 | -0.4% |
| Operating profit (loss) | 9901 | €71,602 | €84,722 | +€13,120 | +18.3% |
| Financial income | 75/76B | €35 | €3,219 | +€3,184 | +9,163% |
| Recurring financial income | 75 | €35 | €3,219 | +€3,184 | +9,163% |
| Financial charges | 65/66B | €892 | €906 | +€14 | +1.6% |
| Recurring financial charges | 65 | €892 | €906 | +€14 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €70,745 | €87,034 | +€16,289 | +23.0% |
| Income taxes | 67/77 | €21,602 | €24,966 | +€3,363 | +15.6% |
| Profit (loss) for the period | 9904 | €49,142 | €62,069 | +€12,926 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €49,142 | €62,069 | +€12,926 | +26.3% |
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.