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 +€62,399
up €62,399 (+80.6%), from €77,427 to €139,826
mainly Other debts (+€45,000) and Investment in fixed assets (net) (+€39,335)
- Financial fixed assets -€39,335
no longer reported in 2025 (was €39,335)
- Other debts +€45,000
new in 2025: €45,000
- Profit (loss) carried forward -€21,247
down €21,247 (-105%), from -€20,295 to -€41,542
- Tax, wage and social debts -€5,035
no longer reported in 2025 (was €5,035)
- Trade debts +€3,770
up €3,770 (+1,459%), from €258 to €4,028
- Gross operating margin -€1.4m
down €1.4m (-97.2%), from €1.4m to €39,453
- Taxes -€343,573
no longer reported in 2025 (was €343,573)
- Financial charges +€15,915
up €15,915 (+10,968%), from €145 to €16,060
of which Non-recurring financial charges: +€15,815
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 | €117,152 | €140,140 | +€22,988 | +19.6% |
| Fixed assets | 21/28 | €39,335 | - | -€39,335 | |
| Financial fixed assets | 28 | €39,335 | - | -€39,335 | |
| Current assets | 29/58 | €77,817 | €140,140 | +€62,323 | +80.1% |
| Amounts receivable within one year | 40/41 | €148 | €313 | +€166 | +112% |
| Trade receivables | 40 | €148 | - | -€148 | |
| Other amounts receivable | 41 | - | €313 | +€313 | |
| Cash at bank and in hand | 54/58 | €77,427 | €139,826 | +€62,399 | +80.6% |
| Deferred charges and accrued income | 490/1 | €242 | - | -€242 | |
| Total equity and liabilities | 10/49 | €117,152 | €140,140 | +€22,988 | +19.6% |
| Equity | 10/15 | €110,359 | €89,111 | -€21,247 | -19.3% |
| Contributions | 10/11 | €112,000 | €112,000 | = | 0.0% |
| Capital | 10 | €112,000 | €112,000 | = | 0.0% |
| Issued capital | 100 | €112,000 | €112,000 | = | 0.0% |
| Reserves | 13 | €18,654 | €18,654 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,200 | €11,200 | = | 0.0% |
| Legal reserve | 130 | €11,200 | €11,200 | = | 0.0% |
| Distributable reserves | 133 | €7,454 | €7,454 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,295 | -€41,542 | -€21,247 | -105% |
| Amounts payable | 17/49 | €6,793 | €51,028 | +€44,235 | +651% |
| Amounts payable within one year | 42/48 | €5,293 | €49,028 | +€43,735 | +826% |
| Trade debts | 44 | €258 | €4,028 | +€3,770 | +1,459% |
| Suppliers | 440/4 | €258 | €4,028 | +€3,770 | +1,459% |
| Taxes, remuneration and social security | 45 | €5,035 | - | -€5,035 | |
| Taxes | 450/3 | €5,035 | - | -€5,035 | |
| Other amounts payable | 47/48 | - | €45,000 | +€45,000 | |
| Accrued charges and deferred income | 492/3 | €1,500 | €2,000 | +€500 | +33.3% |
| Non-recurring operating income | 76A | €1,400,000 | €50,000 | -€1.4m | -96.4% |
| Remuneration, social security and pensions | 62 | €12,968 | - | -€12,968 | |
| Other operating charges | 640/8 | €4,156 | €685 | -€3,471 | -83.5% |
| Gross operating margin | 9900 | €1,390,194 | €39,453 | -€1.4m | -97.2% |
| Operating profit (loss) | 9901 | €1,373,070 | €38,769 | -€1.3m | -97.2% |
| Financial income | 75/76B | €353 | €1,045 | +€692 | +196% |
| Recurring financial income | 75 | €353 | €1,045 | +€692 | +196% |
| Financial charges | 65/66B | €145 | €16,060 | +€15,915 | +10,968% |
| Recurring financial charges | 65 | €145 | €246 | +€100 | +69.2% |
| Non-recurring financial charges | 66B | - | €15,815 | +€15,815 | |
| Profit (loss) for the period before taxes | 9903 | €1,373,278 | €23,753 | -€1.3m | -98.3% |
| Income taxes | 67/77 | €343,573 | - | -€343,573 | |
| Profit (loss) for the period | 9904 | €1,029,705 | €23,753 | -€1.0m | -97.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,029,705 | €23,753 | -€1.0m | -97.7% |
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 14 October 2026 via checked.be.