Van De Kerkhof E.: what changed
Van De Kerkhof E.
Largest movements
- Receivables within one year -€79,801
down €79,801 (-76.7%), from €104,048 to €24,247
of which Trade receivables: -€76,099
- Cash +€67,370
up €67,370 (+132%), from €51,012 to €118,383
mainly Receivables within one year (+€79,801) and Depreciation (+€25,463)
- Tangible fixed assets -€25,463
down €25,463 (-35.1%), from €72,498 to €47,035
of which Furniture and vehicles: -€24,652
- Stocks and contracts -€5,647
down €5,647 (-65.2%), from €8,667 to €3,019
- Reserves -€26,804
down €26,804 (-17.6%), from €152,330 to €125,526
of which Distributable reserves: -€26,804
- Debts after one year -€8,583
down €8,583 (-62.7%), from €13,698 to €5,115
- Trade debts -€5,298
down €5,298 (-29.7%), from €17,837 to €12,539
- Tax, wage and social debts -€3,927
down €3,927 (-22.2%), from €17,716 to €13,789
of which Remuneration and social security: -€4,142
- Gross operating margin -€18,223
down €18,223 (-27.1%), from €67,125 to €48,902
- Depreciation -€1,461
down €1,461 (-5.4%), from €26,924 to €25,463
- Financial charges +€969
up €969 (+105%), from €923 to €1,892
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 | €239,523 | €197,385 | -€42,138 | -17.6% |
| Fixed assets | 21/28 | €72,498 | €47,035 | -€25,463 | -35.1% |
| Tangible fixed assets | 22/27 | €72,498 | €47,035 | -€25,463 | -35.1% |
| Land and buildings | 22 | €4,794 | €3,983 | -€811 | -16.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €67,704 | €43,052 | -€24,652 | -36.4% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Current assets | 29/58 | €167,025 | €150,350 | -€16,675 | -10.0% |
| Stocks and contracts in progress | 3 | €8,667 | €3,019 | -€5,647 | -65.2% |
| Stocks | 30/36 | €8,667 | €3,019 | -€5,647 | -65.2% |
| Amounts receivable within one year | 40/41 | €104,048 | €24,247 | -€79,801 | -76.7% |
| Trade receivables | 40 | €81,166 | €5,068 | -€76,099 | -93.8% |
| Other amounts receivable | 41 | €22,882 | €19,180 | -€3,702 | -16.2% |
| Cash at bank and in hand | 54/58 | €51,012 | €118,383 | +€67,370 | +132% |
| Deferred charges and accrued income | 490/1 | €3,298 | €4,701 | +€1,403 | +42.5% |
| Total equity and liabilities | 10/49 | €239,523 | €197,385 | -€42,138 | -17.6% |
| Equity | 10/15 | €163,216 | €136,412 | -€26,804 | -16.4% |
| Contributions | 10/11 | €13,640 | €13,640 | = | 0.0% |
| Reserves | 13 | €152,330 | €125,526 | -€26,804 | -17.6% |
| Non-distributable reserves | 130/1 | €660 | €660 | = | 0.0% |
| Reserves not available under the articles | 1311 | €660 | €660 | = | 0.0% |
| Distributable reserves | 133 | €151,670 | €124,866 | -€26,804 | -17.7% |
| Profit (loss) carried forward | 14 | -€2,754 | -€2,754 | = | 0.0% |
| Amounts payable | 17/49 | €76,307 | €60,974 | -€15,334 | -20.1% |
| Amounts payable after more than one year | 17 | €13,698 | €5,115 | -€8,583 | -62.7% |
| Financial debts | 170/4 | €13,698 | €5,115 | -€8,583 | -62.7% |
| Amounts payable within one year | 42/48 | €62,610 | €55,859 | -€6,751 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €8,354 | €8,583 | +€229 | +2.7% |
| Trade debts | 44 | €17,837 | €12,539 | -€5,298 | -29.7% |
| Suppliers | 440/4 | €17,837 | €12,539 | -€5,298 | -29.7% |
| Taxes, remuneration and social security | 45 | €17,716 | €13,789 | -€3,927 | -22.2% |
| Taxes | 450/3 | €11,367 | €11,582 | +€215 | +1.9% |
| Remuneration and social security | 454/9 | €6,350 | €2,207 | -€4,142 | -65.2% |
| Other amounts payable | 47/48 | €18,702 | €20,948 | +€2,246 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,924 | €25,463 | -€1,461 | -5.4% |
| Other operating charges | 640/8 | €1,602 | €1,712 | +€109 | +6.8% |
| Gross operating margin | 9900 | €67,125 | €48,902 | -€18,223 | -27.1% |
| Operating profit (loss) | 9901 | €38,599 | €21,727 | -€16,872 | -43.7% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €923 | €1,892 | +€969 | +105% |
| Recurring financial charges | 65 | €923 | €1,892 | +€969 | +105% |
| Profit (loss) for the period before taxes | 9903 | €37,675 | €19,837 | -€17,839 | -47.3% |
| Income taxes | 67/77 | €5,820 | €6,106 | +€286 | +4.9% |
| Profit (loss) for the period | 9904 | €31,855 | €13,730 | -€18,125 | -56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,855 | €13,730 | -€18,125 | -56.9% |
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 8 November 2026 via checked.be.