VAN DEN KINSCHOT: what changed
VAN DEN KINSCHOT
Largest movements
- Cash +€267,500
up €267,500 (+45.8%), from €583,845 to €851,344
mainly Net result for the year (+€171,303) and Receivables within one year (+€47,090)
- Receivables within one year -€47,090
down €47,090 (-55.6%), from €84,650 to €37,560
of which Trade receivables: -€45,168
- Stocks and contracts -€22,829
down €22,829 (-4.2%), from €537,659 to €514,829
- Tangible fixed assets -€18,499
down €18,499 (-6.5%), from €282,609 to €264,110
of which Furniture and vehicles: -€16,425
- Reserves +€171,300
up €171,300 (+13.9%), from €1.2m to €1.4m
- Tax, wage and social debts +€27,178
up €27,178 (+159%), from €17,051 to €44,229
of which Taxes: +€32,878
- Trade debts -€26,104
down €26,104 (-76.1%), from €34,285 to €8,181
- Gross operating margin +€132,148
up €132,148 (+80.4%), from €164,328 to €296,476
- Taxes +€42,616
up €42,616 (+131%), from €32,530 to €75,146
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 | €1,498,820 | €1,669,057 | +€170,237 | +11.4% |
| Fixed assets | 21/28 | €282,609 | €264,110 | -€18,499 | -6.5% |
| Tangible fixed assets | 22/27 | €282,609 | €264,110 | -€18,499 | -6.5% |
| Land and buildings | 22 | €233,036 | €231,891 | -€1,144 | -0.5% |
| Plant, machinery and equipment | 23 | €5,572 | €4,642 | -€930 | -16.7% |
| Furniture and vehicles | 24 | €44,001 | €27,576 | -€16,425 | -37.3% |
| Current assets | 29/58 | €1,216,210 | €1,404,947 | +€188,737 | +15.5% |
| Stocks and contracts in progress | 3 | €537,659 | €514,829 | -€22,829 | -4.2% |
| Stocks | 30/36 | €537,659 | €514,829 | -€22,829 | -4.2% |
| Amounts receivable within one year | 40/41 | €84,650 | €37,560 | -€47,090 | -55.6% |
| Trade receivables | 40 | €66,590 | €21,421 | -€45,168 | -67.8% |
| Other amounts receivable | 41 | €18,060 | €16,138 | -€1,922 | -10.6% |
| Cash at bank and in hand | 54/58 | €583,845 | €851,344 | +€267,500 | +45.8% |
| Deferred charges and accrued income | 490/1 | €10,057 | €1,214 | -€8,843 | -87.9% |
| Total equity and liabilities | 10/49 | €1,498,820 | €1,669,057 | +€170,237 | +11.4% |
| Equity | 10/15 | €1,314,456 | €1,485,759 | +€171,303 | +13.0% |
| Contributions | 10/11 | €75,160 | €75,160 | = | 0.0% |
| Reserves | 13 | €1,236,416 | €1,407,716 | +€171,300 | +13.9% |
| Distributable reserves | 133 | €1,236,416 | €1,407,716 | +€171,300 | +13.9% |
| Profit (loss) carried forward | 14 | €2,880 | €2,883 | +€3 | +0.1% |
| Amounts payable | 17/49 | €184,364 | €183,298 | -€1,066 | -0.6% |
| Amounts payable within one year | 42/48 | €174,330 | €173,888 | -€442 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €1,334 | - | -€1,334 | |
| Trade debts | 44 | €34,285 | €8,181 | -€26,104 | -76.1% |
| Suppliers | 440/4 | €34,285 | €8,181 | -€26,104 | -76.1% |
| Taxes, remuneration and social security | 45 | €17,051 | €44,229 | +€27,178 | +159% |
| Taxes | 450/3 | €11,351 | €44,229 | +€32,878 | +290% |
| Remuneration and social security | 454/9 | €5,700 | - | -€5,700 | |
| Other amounts payable | 47/48 | €121,660 | €121,478 | -€182 | -0.1% |
| Accrued charges and deferred income | 492/3 | €10,034 | €9,410 | -€624 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,275 | €33,722 | -€552 | -1.6% |
| Other operating charges | 640/8 | €4,950 | €6,310 | +€1,360 | +27.5% |
| Gross operating margin | 9900 | €164,328 | €296,476 | +€132,148 | +80.4% |
| Operating profit (loss) | 9901 | €125,103 | €256,443 | +€131,340 | +105% |
| Financial income | 75/76B | €220 | €43 | -€177 | -80.4% |
| Recurring financial income | 75 | €220 | €43 | -€177 | -80.4% |
| Financial charges | 65/66B | €10,535 | €10,037 | -€497 | -4.7% |
| Recurring financial charges | 65 | €10,535 | €10,037 | -€497 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €114,788 | €246,449 | +€131,661 | +115% |
| Income taxes | 67/77 | €32,530 | €75,146 | +€42,616 | +131% |
| Profit (loss) for the period | 9904 | €82,258 | €171,303 | +€89,045 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €82,258 | €171,303 | +€89,045 | +108% |
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 6 November 2026 via checked.be.