KURT DEKETELAERE: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
KURT DEKETELAERE
Largest movements
- Receivables within one year -€37,718
down €37,718 (-63.0%), from €59,870 to €22,151
of which Trade receivables: -€33,539
- Cash +€29,005
up €29,005 (+11.8%), from €245,136 to €274,140
mainly Receivables within one year (+€37,718) and Net result for the year (+€30,908)
- Trade debts -€33,316
no longer reported in 2025 (was €33,316)
- Reserves +€30,908
up €30,908 (+10.9%), from €284,752 to €315,660
of which Non-distributable reserves: +€30,908
- Other debts -€6,439
down €6,439 (-61.8%), from €10,426 to €3,988
- Gross operating margin +€29,079
up €29,079 (+283%), from €10,275 to €39,355
- Financial charges -€16,320
down €16,320 (-93.0%), from €17,541 to €1,221
- Taxes +€7,528
new in 2025: €7,528
- Other operating charges -€1,262
down €1,262 (-52.8%), from €2,389 to €1,126
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €314,579 | €305,788 | -€8,791 | -2.8% |
| Fixed assets | 21/28 | €6,600 | €6,600 | = | 0.0% |
| Financial fixed assets | 28 | €6,600 | €6,600 | = | 0.0% |
| Current assets | 29/58 | €307,979 | €299,188 | -€8,791 | -2.9% |
| Amounts receivable within one year | 40/41 | €59,870 | €22,151 | -€37,718 | -63.0% |
| Trade receivables | 40 | €47,789 | €14,251 | -€33,539 | -70.2% |
| Other amounts receivable | 41 | €12,080 | €7,901 | -€4,179 | -34.6% |
| Cash at bank and in hand | 54/58 | €245,136 | €274,140 | +€29,005 | +11.8% |
| Deferred charges and accrued income | 490/1 | €2,974 | €2,896 | -€78 | -2.6% |
| Total equity and liabilities | 10/49 | €314,579 | €305,788 | -€8,791 | -2.8% |
| Equity | 10/15 | €269,113 | €300,021 | +€30,908 | +11.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €284,752 | €315,660 | +€30,908 | +10.9% |
| Non-distributable reserves | 130/1 | €273,849 | €304,757 | +€30,908 | +11.3% |
| Other | 1319 | €273,849 | €304,757 | +€30,908 | +11.3% |
| Tax-exempt reserves | 132 | €10,902 | €10,902 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,238 | -€34,238 | = | 0.0% |
| Amounts payable | 17/49 | €45,466 | €5,767 | -€39,699 | -87.3% |
| Amounts payable within one year | 42/48 | €45,458 | €5,446 | -€40,012 | -88.0% |
| Trade debts | 44 | €33,316 | - | -€33,316 | |
| Suppliers | 440/4 | €33,316 | - | -€33,316 | |
| Taxes, remuneration and social security | 45 | €1,716 | €1,459 | -€257 | -15.0% |
| Taxes | 450/3 | €1,716 | €1,459 | -€257 | -15.0% |
| Other amounts payable | 47/48 | €10,426 | €3,988 | -€6,439 | -61.8% |
| Accrued charges and deferred income | 492/3 | €8 | €320 | +€312 | +4,009% |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Other operating charges | 640/8 | €2,389 | €1,126 | -€1,262 | -52.8% |
| Non-recurring operating charges | 66A | €14,916 | - | -€14,916 | |
| Gross operating margin | 9900 | €10,275 | €39,355 | +€29,079 | +283% |
| Operating profit (loss) | 9901 | -€7,029 | €38,228 | +€45,257 | |
| Financial income | 75/76B | €1,239 | €1,429 | +€190 | +15.4% |
| Recurring financial income | 75 | €1,239 | €1,429 | +€190 | +15.4% |
| Financial charges | 65/66B | €17,541 | €1,221 | -€16,320 | -93.0% |
| Recurring financial charges | 65 | €17,541 | €1,221 | -€16,320 | -93.0% |
| Profit (loss) for the period before taxes | 9903 | -€23,331 | €38,436 | +€61,767 | |
| Income taxes | 67/77 | - | €7,528 | +€7,528 | |
| Profit (loss) for the period | 9904 | -€23,331 | €30,908 | +€54,239 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,331 | €30,908 | +€54,239 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.