VAN KERKHOVEN TECHNICAL SERVICES: 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.
What changed
VAN KERKHOVEN TECHNICAL SERVICES
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€563,312
2024 · €672,539-€109,227
Equity
€3.9m
2024 · €3.7m+€163,312
Cash
€1.2m
2024 · €1.1m+€116,893
Balance sheet total
€4.4m
2024 · €4.3m+€125,604
Largest movements
Assets
- Cash +€116,893
up €116,893 (+11.0%), from €1.1m to €1.2m
mainly Net result for the year (+€563,312) and Depreciation (+€54,870)
- Current investments +€60,165
up €60,165 (+2.4%), from €2.5m to €2.6m
Equity and liabilities
- Reserves +€163,312
up €163,312 (+4.9%), from €3.3m to €3.5m
- Debts after one year -€45,484
down €45,484 (-15.7%), from €290,566 to €245,082
Income statement
- Gross operating margin -€157,570
down €157,570 (-10.9%), from €1.4m to €1.3m
- Taxes -€48,996
down €48,996 (-15.8%), from €310,066 to €261,070
- Write-downs +€38,554
up €38,554, from -€38,554 to €0
- Other operating charges -€18,419
down €18,419 (-67.0%), from €27,498 to €9,079
- Staff costs -€16,475
down €16,475 (-3.5%), from €467,549 to €451,073
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.
Result 2024
€672,539
Gross operating margin
-€157,570
Staff costs
+€16,475
Depreciation
+€8,509
Write-downs
-€38,554
Other operating charges
+€18,419
Financial income
-€7,785
Financial charges
+€2,283
Taxes
+€48,996
Result 2025
€563,312
raises the resultlowers the result
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.
From operations
+€648,039
Investment
-€86,519
Financing
-€444,626
Cash 2024
€1.1m
From operations (derived)
+€648,039
Net result for the year
+€563,312
Depreciation
+€54,870
Receivables within one year
+€37,660
Deferred charges and accrued income
-€14,722
Trade debts
-€11,778
Tax, wage and social debts
+€17,083
Other debts
+€1,614
Investment (derived)
-€86,519
Investment in fixed assets (net)
-€26,355
Current investments
-€60,165
Financing
-€444,626
Debts after one year
-€45,484
Current portion of long-term debt
+€858
Contributions, distributions and other
-€400,000
Cash 2025
€1.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,269,873 | €4,395,477 | +€125,604 | +2.9% |
| Fixed assets | 21/28 | €592,687 | €564,172 | -€28,516 | -4.8% |
| Tangible fixed assets | 22/27 | €592,687 | €564,172 | -€28,516 | -4.8% |
| Land and buildings | 22 | €572,552 | €530,624 | -€41,928 | -7.3% |
| Plant, machinery and equipment | 23 | €500 | €0 | -€500 | -100% |
| Furniture and vehicles | 24 | €19,636 | €33,548 | +€13,913 | +70.9% |
| Current assets | 29/58 | €3,677,186 | €3,831,305 | +€154,120 | +4.2% |
| Amounts receivable within one year | 40/41 | €104,224 | €66,564 | -€37,660 | -36.1% |
| Trade receivables | 40 | €75,687 | €55,338 | -€20,348 | -26.9% |
| Other amounts receivable | 41 | €28,537 | €11,226 | -€17,312 | -60.7% |
| Current investments | 50/53 | €2,502,108 | €2,562,273 | +€60,165 | +2.4% |
| Cash at bank and in hand | 54/58 | €1,061,944 | €1,178,837 | +€116,893 | +11.0% |
| Deferred charges and accrued income | 490/1 | €8,909 | €23,631 | +€14,722 | +165% |
| Total equity and liabilities | 10/49 | €4,269,873 | €4,395,477 | +€125,604 | +2.9% |
| Equity | 10/15 | €3,720,789 | €3,884,100 | +€163,312 | +4.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €3,315,539 | €3,478,850 | +€163,312 | +4.9% |
| Distributable reserves | 133 | €3,315,539 | €3,478,850 | +€163,312 | +4.9% |
| Profit (loss) carried forward | 14 | €345,250 | €345,250 | = | 0.0% |
| Amounts payable | 17/49 | €549,084 | €511,376 | -€37,708 | -6.9% |
| Amounts payable after more than one year | 17 | €290,566 | €245,082 | -€45,484 | -15.7% |
| Financial debts | 170/4 | €290,566 | €245,082 | -€45,484 | -15.7% |
| Amounts payable within one year | 42/48 | €258,518 | €266,295 | +€7,777 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €44,626 | €45,484 | +€858 | +1.9% |
| Trade debts | 44 | €80,101 | €68,323 | -€11,778 | -14.7% |
| Suppliers | 440/4 | €80,101 | €68,323 | -€11,778 | -14.7% |
| Taxes, remuneration and social security | 45 | €124,911 | €141,993 | +€17,083 | +13.7% |
| Taxes | 450/3 | €117,068 | €115,982 | -€1,086 | -0.9% |
| Remuneration and social security | 454/9 | €7,843 | €26,012 | +€18,169 | +232% |
| Other amounts payable | 47/48 | €8,880 | €10,494 | +€1,614 | +18.2% |
| Non-recurring operating income | 76A | - | €878 | +€878 | |
| Remuneration, social security and pensions | 62 | €467,549 | €451,073 | -€16,475 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,379 | €54,870 | -€8,509 | -13.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€38,554 | €0 | +€38,554 | |
| Other operating charges | 640/8 | €27,498 | €9,079 | -€18,419 | -67.0% |
| Gross operating margin | 9900 | €1,443,614 | €1,286,044 | -€157,570 | -10.9% |
| Operating profit (loss) | 9901 | €923,742 | €771,021 | -€152,721 | -16.5% |
| Financial income | 75/76B | €68,372 | €60,587 | -€7,785 | -11.4% |
| Recurring financial income | 75 | €68,372 | €60,587 | -€7,785 | -11.4% |
| Financial charges | 65/66B | €9,510 | €7,226 | -€2,283 | -24.0% |
| Recurring financial charges | 65 | €9,510 | €7,226 | -€2,283 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €982,605 | €824,382 | -€158,223 | -16.1% |
| Income taxes | 67/77 | €310,066 | €261,070 | -€48,996 | -15.8% |
| Profit (loss) for the period | 9904 | €672,539 | €563,312 | -€109,227 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €672,539 | €563,312 | -€109,227 | -16.2% |
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 26 October 2026 via checked.be.