LIEN KERCKVOORDE - arts: what changed
LIEN KERCKVOORDE - arts
Largest movements
- Cash -€81,626
down €81,626 (-28.3%), from €288,475 to €206,849
mainly Contributions, distributions and other (-€236,222) and Receivables within one year (-€38,033)
- Receivables within one year +€38,033
up €38,033 (+23.9%), from €159,237 to €197,270
of which Trade receivables: +€23,033
- Tangible fixed assets -€7,302
down €7,302 (-30.8%), from €23,717 to €16,415
of which Furniture and vehicles: -€5,526
- Reserves -€76,602
down €76,602 (-12.6%), from €607,095 to €530,493
- Trade debts +€17,507
up €17,507 (+76.9%), from €22,763 to €40,270
- Current portion of long-term debt +€10,096
new in 2025: €10,096
- Gross operating margin +€12,316
up €12,316 (+5.2%), from €236,722 to €249,038
- Staff costs -€11,730
down €11,730 (-56.8%), from €20,661 to €8,931
- Taxes +€9,509
up €9,509 (+14.9%), from €63,840 to €73,349
- Financial income -€6,593
down €6,593 (-43.2%), from €15,249 to €8,656
- Depreciation -€5,471
down €5,471 (-27.4%), from €19,946 to €14,475
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 | €675,804 | €623,017 | -€52,788 | -7.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €25,796 | €16,415 | -€9,381 | -36.4% |
| Intangible fixed assets | 21 | €2,079 | €0 | -€2,078 | -100.0% |
| Tangible fixed assets | 22/27 | €23,717 | €16,415 | -€7,302 | -30.8% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €12,668 | €11,106 | -€1,562 | -12.3% |
| Furniture and vehicles | 24 | €10,621 | €5,095 | -€5,526 | -52.0% |
| Other tangible fixed assets | 26 | €428 | €214 | -€214 | -50.0% |
| Current assets | 29/58 | €650,009 | €606,602 | -€43,407 | -6.7% |
| Amounts receivable within one year | 40/41 | €159,237 | €197,270 | +€38,033 | +23.9% |
| Trade receivables | 40 | €45,904 | €68,936 | +€23,033 | +50.2% |
| Other amounts receivable | 41 | €113,333 | €128,333 | +€15,000 | +13.2% |
| Current investments | 50/53 | €202,272 | €202,272 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €288,475 | €206,849 | -€81,626 | -28.3% |
| Deferred charges and accrued income | 490/1 | €25 | €211 | +€186 | +748% |
| Total equity and liabilities | 10/49 | €675,804 | €623,017 | -€52,788 | -7.8% |
| Equity | 10/15 | €619,515 | €542,920 | -€76,594 | -12.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €607,095 | €530,493 | -€76,602 | -12.6% |
| Distributable reserves | 133 | €607,095 | €530,493 | -€76,602 | -12.6% |
| Profit (loss) carried forward | 14 | €20 | €28 | +€7 | +35.5% |
| Amounts payable | 17/49 | €56,290 | €80,096 | +€23,807 | +42.3% |
| Amounts payable within one year | 42/48 | €56,290 | €80,096 | +€23,807 | +42.3% |
| Current portion of amounts payable after more than one year | 42 | - | €10,096 | +€10,096 | |
| Trade debts | 44 | €22,763 | €40,270 | +€17,507 | +76.9% |
| Suppliers | 440/4 | €22,763 | €40,270 | +€17,507 | +76.9% |
| Taxes, remuneration and social security | 45 | €28,406 | €25,246 | -€3,160 | -11.1% |
| Taxes | 450/3 | €28,406 | €25,246 | -€3,160 | -11.1% |
| Other amounts payable | 47/48 | €5,120 | €4,484 | -€637 | -12.4% |
| Remuneration, social security and pensions | 62 | €20,661 | €8,931 | -€11,730 | -56.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,946 | €14,475 | -€5,471 | -27.4% |
| Other operating charges | 640/8 | - | €342 | +€342 | |
| Gross operating margin | 9900 | €236,722 | €249,038 | +€12,316 | +5.2% |
| Operating profit (loss) | 9901 | €196,115 | €225,290 | +€29,175 | +14.9% |
| Financial income | 75/76B | €15,249 | €8,656 | -€6,593 | -43.2% |
| Recurring financial income | 75 | €15,249 | €8,656 | -€6,593 | -43.2% |
| Financial charges | 65/66B | €624 | €971 | +€347 | +55.5% |
| Recurring financial charges | 65 | €624 | €971 | +€347 | +55.5% |
| Profit (loss) for the period before taxes | 9903 | €210,741 | €232,976 | +€22,235 | +10.6% |
| Income taxes | 67/77 | €63,840 | €73,349 | +€9,509 | +14.9% |
| Profit (loss) for the period | 9904 | €146,901 | €159,627 | +€12,726 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €146,901 | €159,627 | +€12,726 | +8.7% |
Next steps
Calculation and sources
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 4 November 2026 via checked.be.