't KABOUTERLAND: 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.
't KABOUTERLAND
Largest movements
- Tangible fixed assets -€13,101
down €13,101 (-30.8%), from €42,500 to €29,400
of which Furniture and vehicles: -€6,693
- Receivables within one year +€12,779
up €12,779 (+8.7%), from €147,098 to €159,877
of which Trade receivables: +€29,376
- Cash -€4,788
down €4,788 (-24.1%), from €19,863 to €15,075
mainly Short-term financial debts (-€25,000) and Receivables within one year (-€12,779)
- Short-term financial debts -€25,000
down €25,000 (-100%), from €25,000 to €0
- Profit (loss) carried forward +€12,578
new in 2025: €12,578
- Tax, wage and social debts +€4,804
up €4,804, from €0 to €4,804
of which Taxes: +€4,804
- Trade debts -€3,237
down €3,237 (-15.5%), from €20,857 to €17,620
- Current portion of long-term debt +€2,737
up €2,737 (+37.2%), from €7,356 to €10,093
- Gross operating margin +€11,906
up €11,906 (+58.5%), from €20,338 to €32,244
- Depreciation +€5,337
up €5,337 (+68.7%), from €7,764 to €13,101
- Taxes -€1,296
down €1,296 (-22.7%), from €5,710 to €4,414
- Financial charges +€933
up €933 (+40.2%), from €2,317 to €3,250
- Financial income +€864
up €864 (+43.3%), from €1,998 to €2,862
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 | €229,609 | €224,974 | -€4,635 | -2.0% |
| Fixed assets | 21/28 | €42,940 | €29,840 | -€13,101 | -30.5% |
| Tangible fixed assets | 22/27 | €42,500 | €29,400 | -€13,101 | -30.8% |
| Plant, machinery and equipment | 23 | €27,558 | €21,151 | -€6,408 | -23.3% |
| Furniture and vehicles | 24 | €14,942 | €8,249 | -€6,693 | -44.8% |
| Financial fixed assets | 28 | €440 | €440 | = | 0.0% |
| Current assets | 29/58 | €186,668 | €195,134 | +€8,466 | +4.5% |
| Amounts receivable after more than one year | 29 | €18,213 | €18,668 | +€455 | +2.5% |
| Trade receivables | 290 | €18,213 | €18,668 | +€455 | +2.5% |
| Amounts receivable within one year | 40/41 | €147,098 | €159,877 | +€12,779 | +8.7% |
| Trade receivables | 40 | €47,151 | €76,527 | +€29,376 | +62.3% |
| Other amounts receivable | 41 | €99,947 | €83,350 | -€16,597 | -16.6% |
| Current investments | 50/53 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €19,863 | €15,075 | -€4,788 | -24.1% |
| Deferred charges and accrued income | 490/1 | €1,495 | €1,514 | +€20 | +1.3% |
| Total equity and liabilities | 10/49 | €229,609 | €224,974 | -€4,635 | -2.0% |
| Equity | 10/15 | €134,517 | €147,095 | +€12,578 | +9.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €115,967 | €115,967 | = | 0.0% |
| Distributable reserves | 133 | €115,967 | €115,967 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €12,578 | +€12,578 | |
| Amounts payable | 17/49 | €95,091 | €77,879 | -€17,213 | -18.1% |
| Amounts payable after more than one year | 17 | €25,087 | €27,761 | +€2,674 | +10.7% |
| Financial debts | 170/4 | €25,087 | €27,761 | +€2,674 | +10.7% |
| Amounts payable within one year | 42/48 | €70,004 | €50,118 | -€19,887 | -28.4% |
| Current portion of amounts payable after more than one year | 42 | €7,356 | €10,093 | +€2,737 | +37.2% |
| Financial debts | 43 | €25,000 | €0 | -€25,000 | -100% |
| Credit institutions | 430/8 | €25,000 | €0 | -€25,000 | -100% |
| Trade debts | 44 | €20,857 | €17,620 | -€3,237 | -15.5% |
| Suppliers | 440/4 | €20,857 | €17,620 | -€3,237 | -15.5% |
| Taxes, remuneration and social security | 45 | €0 | €4,804 | +€4,804 | |
| Taxes | 450/3 | - | €4,804 | +€4,804 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €16,791 | €17,601 | +€810 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,764 | €13,101 | +€5,337 | +68.7% |
| Other operating charges | 640/8 | €1,085 | €1,763 | +€678 | +62.5% |
| Gross operating margin | 9900 | €20,338 | €32,244 | +€11,906 | +58.5% |
| Operating profit (loss) | 9901 | €11,489 | €17,380 | +€5,891 | +51.3% |
| Financial income | 75/76B | €1,998 | €2,862 | +€864 | +43.3% |
| Recurring financial income | 75 | €1,998 | €2,862 | +€864 | +43.3% |
| Financial charges | 65/66B | €2,317 | €3,250 | +€933 | +40.2% |
| Recurring financial charges | 65 | €2,317 | €3,250 | +€933 | +40.2% |
| Profit (loss) for the period before taxes | 9903 | €11,169 | €16,992 | +€5,823 | +52.1% |
| Income taxes | 67/77 | €5,710 | €4,414 | -€1,296 | -22.7% |
| Profit (loss) for the period | 9904 | €5,459 | €12,578 | +€7,119 | +130% |
| Profit (loss) for the period to be appropriated | 9905 | €5,459 | €12,578 | +€7,119 | +130% |
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 15 October 2026 via checked.be.