VAN KELST & CO: 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 KELST & CO
Largest movements
- Receivables within one year +€72,862
up €72,862 (+134%), from €54,569 to €127,430
- Cash +€23,904
up €23,904 (+16.2%), from €147,453 to €171,357
mainly Net result for the year (+€141,690) and Other debts (+€100,436)
- Other debts +€100,436
up €100,436 (+243%), from €41,254 to €141,690
- Trade debts -€15,044
down €15,044 (-44.2%), from €34,025 to €18,981
- Accrued charges and deferred income +€8,704
up €8,704 (+463%), from €1,882 to €10,586
- Gross operating margin +€97,314
up €97,314 (+85.2%), from €114,223 to €211,537
- Staff costs -€5,279
down €5,279 (-7.1%), from €74,115 to €68,837
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 | €206,585 | €303,598 | +€97,013 | +47.0% |
| Fixed assets | 21/28 | €3,628 | €3,314 | -€313 | -8.6% |
| Tangible fixed assets | 22/27 | €3,628 | €3,314 | -€313 | -8.6% |
| Furniture and vehicles | 24 | €3,628 | €3,314 | -€313 | -8.6% |
| Current assets | 29/58 | €202,958 | €300,284 | +€97,326 | +48.0% |
| Amounts receivable within one year | 40/41 | €54,569 | €127,430 | +€72,862 | +134% |
| Trade receivables | 40 | €54,569 | €127,430 | +€72,862 | +134% |
| Cash at bank and in hand | 54/58 | €147,453 | €171,357 | +€23,904 | +16.2% |
| Deferred charges and accrued income | 490/1 | €936 | €1,496 | +€561 | +59.9% |
| Total equity and liabilities | 10/49 | €206,585 | €303,598 | +€97,013 | +47.0% |
| Equity | 10/15 | €115,667 | €115,667 | = | 0.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €53,667 | €53,667 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,750 | €13,750 | = | 0.0% |
| Distributable reserves | 133 | €33,717 | €33,717 | = | 0.0% |
| Amounts payable | 17/49 | €90,919 | €187,932 | +€97,013 | +107% |
| Amounts payable within one year | 42/48 | €89,037 | €177,345 | +€88,309 | +99.2% |
| Trade debts | 44 | €34,025 | €18,981 | -€15,044 | -44.2% |
| Suppliers | 440/4 | €34,025 | €18,981 | -€15,044 | -44.2% |
| Taxes, remuneration and social security | 45 | €13,758 | €16,675 | +€2,917 | +21.2% |
| Taxes | 450/3 | €5,127 | €8,747 | +€3,620 | +70.6% |
| Remuneration and social security | 454/9 | €8,631 | €7,928 | -€704 | -8.2% |
| Other amounts payable | 47/48 | €41,254 | €141,690 | +€100,436 | +243% |
| Accrued charges and deferred income | 492/3 | €1,882 | €10,586 | +€8,704 | +463% |
| Remuneration, social security and pensions | 62 | €74,115 | €68,837 | -€5,279 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €840 | €1,476 | +€635 | +75.6% |
| Gross operating margin | 9900 | €114,223 | €211,537 | +€97,314 | +85.2% |
| Operating profit (loss) | 9901 | €39,268 | €141,225 | +€101,957 | +260% |
| Financial income | 75/76B | €197 | €620 | +€423 | +214% |
| Recurring financial income | 75 | €197 | €620 | +€423 | +214% |
| Financial charges | 65/66B | €150 | €155 | +€5 | +3.3% |
| Recurring financial charges | 65 | €150 | €155 | +€5 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €39,315 | €141,690 | +€102,375 | +260% |
| Profit (loss) for the period | 9904 | €39,315 | €141,690 | +€102,375 | +260% |
| Profit (loss) for the period to be appropriated | 9905 | €39,315 | €141,690 | +€102,375 | +260% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.