VAN DE VOORDE KRIS: 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.
VAN DE VOORDE KRIS
Largest movements
- Receivables within one year -€45,917
down €45,917 (-71.7%), from €64,029 to €18,112
of which Trade receivables: -€50,279
- Tangible fixed assets -€34,280
down €34,280 (-2.3%), from €1.5m to €1.4m
of which Land and buildings: -€20,307
- Reserves -€113,266
down €113,266 (-16.6%), from €683,440 to €570,173
of which Distributable reserves: -€93,928
- Other debts +€84,627
up €84,627 (+429%), from €19,718 to €104,345
- Trade debts -€38,010
down €38,010 (-23.3%), from €163,090 to €125,080
- Debts after one year -€23,847
down €23,847 (-5.3%), from €453,000 to €429,154
of which Financial debts: -€23,847
- Current portion of long-term debt +€23,847
new in 2025: €23,847
- Depreciation +€17,734
up €17,734 (+28.3%), from €62,635 to €80,369
- Financial charges +€12,109
up €12,109 (+1,390%), from €871 to €12,980
- Financial income +€7,473
up €7,473 (+186%), from €4,027 to €11,500
of which Non-recurring financial income: +€7,475
- Taxes -€6,011
down €6,011 (-96.8%), from €6,208 to €197
- Gross operating margin -€5,923
down €5,923 (-9.5%), from €62,140 to €56,217
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 | €1,600,769 | €1,522,968 | -€77,801 | -4.9% |
| Fixed assets | 21/28 | €1,466,293 | €1,431,879 | -€34,415 | -2.3% |
| Intangible fixed assets | 21 | €248 | €113 | -€135 | -54.5% |
| Tangible fixed assets | 22/27 | €1,465,785 | €1,431,506 | -€34,280 | -2.3% |
| Land and buildings | 22 | €1,369,515 | €1,349,208 | -€20,307 | -1.5% |
| Plant, machinery and equipment | 23 | €44,970 | €41,630 | -€3,339 | -7.4% |
| Furniture and vehicles | 24 | €51,301 | €40,667 | -€10,634 | -20.7% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €134,475 | €91,089 | -€43,386 | -32.3% |
| Amounts receivable within one year | 40/41 | €64,029 | €18,112 | -€45,917 | -71.7% |
| Trade receivables | 40 | €58,291 | €8,012 | -€50,279 | -86.3% |
| Other amounts receivable | 41 | €5,738 | €10,100 | +€4,362 | +76.0% |
| Cash at bank and in hand | 54/58 | €70,446 | €72,460 | +€2,013 | +2.9% |
| Deferred charges and accrued income | 490/1 | - | €518 | +€518 | |
| Total equity and liabilities | 10/49 | €1,600,769 | €1,522,968 | -€77,801 | -4.9% |
| Equity | 10/15 | €800,940 | €684,198 | -€116,742 | -14.6% |
| Contributions | 10/11 | €117,500 | €117,500 | = | 0.0% |
| Reserves | 13 | €683,440 | €570,173 | -€113,266 | -16.6% |
| Non-distributable reserves | 130/1 | €11,750 | €11,750 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,750 | €11,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €505,832 | €486,494 | -€19,338 | -3.8% |
| Distributable reserves | 133 | €165,857 | €71,930 | -€93,928 | -56.6% |
| Profit (loss) carried forward | 14 | - | -€3,475 | -€3,475 | |
| Provisions and deferred taxes | 16 | €142,777 | €136,331 | -€6,446 | -4.5% |
| Deferred taxes | 168 | €142,777 | €136,331 | -€6,446 | -4.5% |
| Amounts payable | 17/49 | €657,052 | €702,439 | +€45,387 | +6.9% |
| Amounts payable after more than one year | 17 | €453,000 | €429,154 | -€23,847 | -5.3% |
| Financial debts | 170/4 | €370,000 | €346,154 | -€23,847 | -6.4% |
| Other amounts payable | 178/9 | €83,000 | €83,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €202,802 | €272,035 | +€69,234 | +34.1% |
| Current portion of amounts payable after more than one year | 42 | - | €23,847 | +€23,847 | |
| Trade debts | 44 | €163,090 | €125,080 | -€38,010 | -23.3% |
| Suppliers | 440/4 | €163,090 | €125,080 | -€38,010 | -23.3% |
| Taxes, remuneration and social security | 45 | €19,993 | €18,764 | -€1,229 | -6.1% |
| Taxes | 450/3 | €19,993 | €13,523 | -€6,470 | -32.4% |
| Remuneration and social security | 454/9 | - | €5,241 | +€5,241 | |
| Other amounts payable | 47/48 | €19,718 | €104,345 | +€84,627 | +429% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Non-recurring operating income | 76A | €1,377 | €1,650 | +€273 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,635 | €80,369 | +€17,734 | +28.3% |
| Other operating charges | 640/8 | €2,618 | €3,430 | +€812 | +31.0% |
| Gross operating margin | 9900 | €62,140 | €56,217 | -€5,923 | -9.5% |
| Operating profit (loss) | 9901 | -€3,114 | -€27,582 | -€24,468 | -786% |
| Financial income | 75/76B | €4,027 | €11,500 | +€7,473 | +186% |
| Recurring financial income | 75 | €30 | €27 | -€3 | -9.8% |
| Non-recurring financial income | 76B | €3,997 | €11,473 | +€7,475 | +187% |
| Financial charges | 65/66B | €871 | €12,980 | +€12,109 | +1,390% |
| Recurring financial charges | 65 | €871 | €12,980 | +€12,109 | +1,390% |
| Profit (loss) for the period before taxes | 9903 | €43 | -€29,063 | -€29,105 | |
| Transfer from deferred taxes | 780 | €4,921 | €6,446 | +€1,525 | +31.0% |
| Income taxes | 67/77 | €6,208 | €197 | -€6,011 | -96.8% |
| Profit (loss) for the period | 9904 | -€1,244 | -€22,814 | -€21,569 | -1,733% |
| Transfer from tax-exempt reserves | 789 | €14,763 | €19,338 | +€4,575 | +31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,519 | -€3,475 | -€16,994 |
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 26 October 2026 via checked.be.