VAN DE HEYNING - KEUSTERMANS: what changed
VAN DE HEYNING - KEUSTERMANS
Largest movements
- Cash -€5,880
down €5,880 (-36.1%), from €16,273 to €10,394
mainly Net result for the year (-€6,502) and Receivables within one year (-€455)
- Receivables within one year +€455
up €455 (+99.7%), from €457 to €912
of which Trade receivables: +€912
- Profit (loss) carried forward -€6,502
down €6,502 (-3.6%), from -€178,398 to -€184,900
- Accrued charges and deferred income +€775
up €775, from €0 to €775
- Gross operating margin -€1,399
down €1,399 (-62.7%), from -€2,232 to -€3,631
- Financial charges +€86
up €86 (+66.6%), from €129 to €214
- Depreciation -€85
down €85 (-100%), from €85 to €0
- Other operating charges +€55
up €55 (+2.1%), from €2,653 to €2,709
- Financial income +€52
new in 2025: €52
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 | €43,850 | €38,452 | -€5,399 | -12.3% |
| Fixed assets | 21/28 | €26,734 | €26,734 | = | 0.0% |
| Tangible fixed assets | 22/27 | €26,734 | €26,734 | = | 0.0% |
| Land and buildings | 22 | €26,734 | €26,734 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €17,116 | €11,718 | -€5,399 | -31.5% |
| Amounts receivable within one year | 40/41 | €457 | €912 | +€455 | +99.7% |
| Trade receivables | 40 | €0 | €912 | +€912 | |
| Other amounts receivable | 41 | €457 | €0 | -€457 | -100% |
| Cash at bank and in hand | 54/58 | €16,273 | €10,394 | -€5,880 | -36.1% |
| Deferred charges and accrued income | 490/1 | €386 | €412 | +€26 | +6.7% |
| Total equity and liabilities | 10/49 | €43,850 | €38,452 | -€5,399 | -12.3% |
| Equity | 10/15 | -€159,806 | -€166,308 | -€6,502 | -4.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€178,398 | -€184,900 | -€6,502 | -3.6% |
| Amounts payable | 17/49 | €203,657 | €204,760 | +€1,103 | +0.5% |
| Amounts payable within one year | 42/48 | €203,657 | €203,985 | +€328 | +0.2% |
| Trade debts | 44 | €561 | €688 | +€128 | +22.8% |
| Suppliers | 440/4 | €561 | €688 | +€128 | +22.8% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €203,096 | €203,296 | +€200 | +0.1% |
| Accrued charges and deferred income | 492/3 | €0 | €775 | +€775 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85 | €0 | -€85 | -100% |
| Other operating charges | 640/8 | €2,653 | €2,709 | +€55 | +2.1% |
| Gross operating margin | 9900 | -€2,232 | -€3,631 | -€1,399 | -62.7% |
| Operating profit (loss) | 9901 | -€4,970 | -€6,340 | -€1,370 | -27.6% |
| Financial income | 75/76B | - | €52 | +€52 | |
| Recurring financial income | 75 | - | €52 | +€52 | |
| Financial charges | 65/66B | €129 | €214 | +€86 | +66.6% |
| Recurring financial charges | 65 | €129 | €214 | +€86 | +66.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,099 | -€6,502 | -€1,403 | -27.5% |
| Profit (loss) for the period | 9904 | -€5,099 | -€6,502 | -€1,403 | -27.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,099 | -€6,502 | -€1,403 | -27.5% |
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 2 November 2026 via checked.be.