VAN KERCKHOVEN & C°: what changed
VAN KERCKHOVEN & C°
Largest movements
- Cash +€342,754
up €342,754 (+2,944%), from €11,642 to €354,396
mainly Trade debts (+€905,274) and Net result for the year (+€199,562)
- Stocks and contracts +€257,177
up €257,177 (+5.7%), from €4.5m to €4.8m
- Receivables within one year +€86,668
up €86,668 (+14.8%), from €584,644 to €671,312
of which Trade receivables: +€81,323
- Trade debts +€905,274
up €905,274 (+11,536%), from €7,847 to €913,121
- Other debts -€300,875
down €300,875 (-15.8%), from €1.9m to €1.6m
- Reserves +€199,562
up €199,562 (+18.1%), from €1.1m to €1.3m
of which Distributable reserves: +€199,562
- Current portion of long-term debt -€100,000
down €100,000 (-14.3%), from €700,000 to €600,000
- Financial charges -€65,488
down €65,488 (-70.5%), from €92,870 to €27,382
- Taxes +€14,900
up €14,900 (+32.4%), from €46,011 to €60,911
- Gross operating margin -€6,796
down €6,796 (-2.2%), from €307,909 to €301,113
- Depreciation -€4,653
no longer reported in 2025 (was €4,653)
- Other operating charges +€3,409
up €3,409 (+34.6%), from €9,850 to €13,259
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 | €5,101,692 | €5,788,944 | +€687,252 | +13.5% |
| Current assets | 29/58 | €5,101,692 | €5,788,944 | +€687,252 | +13.5% |
| Stocks and contracts in progress | 3 | €4,504,295 | €4,761,472 | +€257,177 | +5.7% |
| Stocks | 30/36 | €4,504,295 | €4,761,472 | +€257,177 | +5.7% |
| Amounts receivable within one year | 40/41 | €584,644 | €671,312 | +€86,668 | +14.8% |
| Trade receivables | 40 | €570,900 | €652,223 | +€81,323 | +14.2% |
| Other amounts receivable | 41 | €13,744 | €19,090 | +€5,345 | +38.9% |
| Cash at bank and in hand | 54/58 | €11,642 | €354,396 | +€342,754 | +2,944% |
| Deferred charges and accrued income | 490/1 | €1,111 | €1,764 | +€652 | +58.7% |
| Total equity and liabilities | 10/49 | €5,101,692 | €5,788,944 | +€687,252 | +13.5% |
| Equity | 10/15 | €1,539,778 | €1,739,340 | +€199,562 | +13.0% |
| Contributions | 10/11 | €440,000 | €440,000 | = | 0.0% |
| Capital | 10 | €440,000 | €440,000 | = | 0.0% |
| Issued capital | 100 | €440,000 | €440,000 | = | 0.0% |
| Reserves | 13 | €1,099,778 | €1,299,340 | +€199,562 | +18.1% |
| Non-distributable reserves | 130/1 | €59,000 | €59,000 | = | 0.0% |
| Legal reserve | 130 | €59,000 | €59,000 | = | 0.0% |
| Distributable reserves | 133 | €1,040,778 | €1,240,340 | +€199,562 | +19.2% |
| Amounts payable | 17/49 | €3,561,914 | €4,049,604 | +€487,690 | +13.7% |
| Amounts payable after more than one year | 17 | €931,457 | €919,457 | -€12,000 | -1.3% |
| Other amounts payable | 178/9 | €931,457 | €919,457 | -€12,000 | -1.3% |
| Amounts payable within one year | 42/48 | €2,625,236 | €3,123,625 | +€498,389 | +19.0% |
| Current portion of amounts payable after more than one year | 42 | €700,000 | €600,000 | -€100,000 | -14.3% |
| Trade debts | 44 | €7,847 | €913,121 | +€905,274 | +11,536% |
| Suppliers | 440/4 | €7,847 | €913,121 | +€905,274 | +11,536% |
| Taxes, remuneration and social security | 45 | €10,196 | €4,185 | -€6,011 | -59.0% |
| Taxes | 450/3 | €10,196 | €4,185 | -€6,011 | -59.0% |
| Other amounts payable | 47/48 | €1,907,193 | €1,606,318 | -€300,875 | -15.8% |
| Accrued charges and deferred income | 492/3 | €5,222 | €6,522 | +€1,301 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,653 | - | -€4,653 | |
| Other operating charges | 640/8 | €9,850 | €13,259 | +€3,409 | +34.6% |
| Gross operating margin | 9900 | €307,909 | €301,113 | -€6,796 | -2.2% |
| Operating profit (loss) | 9901 | €293,407 | €287,854 | -€5,553 | -1.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | +2,400% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +2,400% |
| Financial charges | 65/66B | €92,870 | €27,382 | -€65,488 | -70.5% |
| Recurring financial charges | 65 | €92,870 | €27,382 | -€65,488 | -70.5% |
| Profit (loss) for the period before taxes | 9903 | €200,537 | €260,473 | +€59,936 | +29.9% |
| Income taxes | 67/77 | €46,011 | €60,911 | +€14,900 | +32.4% |
| Profit (loss) for the period | 9904 | €154,526 | €199,562 | +€45,036 | +29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €154,526 | €199,562 | +€45,036 | +29.1% |
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 4 November 2026 via checked.be.