Van Kerckhoven: 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 Kerckhoven
Largest movements
- Cash +€16,252
up €16,252 (+20.6%), from €78,839 to €95,091
mainly Net result for the year (+€7,557) and Receivables within one year (+€6,864)
- Receivables within one year -€6,864
down €6,864 (-17.9%), from €38,287 to €31,423
of which Trade receivables: -€6,914
- Profit (loss) carried forward +€7,557
up €7,557 (+9.3%), from €81,374 to €88,932
- Tax, wage and social debts +€2,899
up €2,899 (+50.0%), from €5,792 to €8,690
of which Remuneration and social security: +€1,800
- Gross operating margin -€2,324
down €2,324 (-18.1%), from €12,862 to €10,538
- Financial income +€865
up €865 (+4,323%), from €20 to €885
- Taxes -€318
down €318 (-11.8%), from €2,694 to €2,376
- Financial charges -€235
down €235 (-24.9%), from €942 to €707
- Depreciation -€214
down €214 (-47.1%), from €454 to €240
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 | €118,895 | €127,731 | +€8,836 | +7.4% |
| Fixed assets | 21/28 | €606 | €366 | -€240 | -39.6% |
| Tangible fixed assets | 22/27 | €589 | €349 | -€240 | -40.8% |
| Plant, machinery and equipment | 23 | €589 | €349 | -€240 | -40.8% |
| Financial fixed assets | 28 | €17 | €17 | = | 0.0% |
| Current assets | 29/58 | €118,289 | €127,365 | +€9,076 | +7.7% |
| Amounts receivable within one year | 40/41 | €38,287 | €31,423 | -€6,864 | -17.9% |
| Trade receivables | 40 | €38,202 | €31,288 | -€6,914 | -18.1% |
| Other amounts receivable | 41 | €85 | €135 | +€50 | +58.7% |
| Cash at bank and in hand | 54/58 | €78,839 | €95,091 | +€16,252 | +20.6% |
| Deferred charges and accrued income | 490/1 | €1,163 | €851 | -€312 | -26.8% |
| Total equity and liabilities | 10/49 | €118,895 | €127,731 | +€8,836 | +7.4% |
| Equity | 10/15 | €101,834 | €109,392 | +€7,557 | +7.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,374 | €88,932 | +€7,557 | +9.3% |
| Amounts payable | 17/49 | €17,061 | €18,339 | +€1,278 | +7.5% |
| Amounts payable within one year | 42/48 | €17,061 | €18,339 | +€1,278 | +7.5% |
| Trade debts | 44 | €1,034 | €672 | -€362 | -35.0% |
| Suppliers | 440/4 | €1,034 | €672 | -€362 | -35.0% |
| Advances received on contracts in progress | 46 | €1,258 | - | -€1,258 | |
| Taxes, remuneration and social security | 45 | €5,792 | €8,690 | +€2,899 | +50.0% |
| Taxes | 450/3 | €992 | €2,090 | +€1,099 | +111% |
| Remuneration and social security | 454/9 | €4,800 | €6,600 | +€1,800 | +37.5% |
| Other amounts payable | 47/48 | €8,977 | €8,977 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €454 | €240 | -€214 | -47.1% |
| Other operating charges | 640/8 | €632 | €542 | -€90 | -14.3% |
| Gross operating margin | 9900 | €12,862 | €10,538 | -€2,324 | -18.1% |
| Operating profit (loss) | 9901 | €11,776 | €9,756 | -€2,020 | -17.2% |
| Financial income | 75/76B | €20 | €885 | +€865 | +4,323% |
| Recurring financial income | 75 | €20 | €885 | +€865 | +4,323% |
| Financial charges | 65/66B | €942 | €707 | -€235 | -24.9% |
| Recurring financial charges | 65 | €942 | €707 | -€235 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €10,854 | €9,933 | -€921 | -8.5% |
| Income taxes | 67/77 | €2,694 | €2,376 | -€318 | -11.8% |
| Profit (loss) for the period | 9904 | €8,160 | €7,557 | -€603 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,160 | €7,557 | -€603 | -7.4% |
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 31 October 2026 via checked.be.