VAN KETS: what changed
VAN KETS
Largest movements
- Tangible fixed assets -€34,068
down €34,068 (-39.0%), from €87,260 to €53,192
- Cash -€5,150
down €5,150 (-62.9%), from €8,190 to €3,040
mainly Other debts (-€26,783) and Debts after one year (-€6,518)
- Receivables within one year -€4,496
no longer reported in 2025 (was €4,496)
- Deferred charges and accrued income +€3,321
up €3,321 (+606%), from €548 to €3,869
- Other debts -€26,783
down €26,783 (-44.9%), from €59,594 to €32,811
- Debts after one year -€6,518
no longer reported in 2025 (was €6,518)
- Current portion of long-term debt -€5,176
down €5,176 (-44.3%), from €11,693 to €6,518
- Profit (loss) carried forward -€1,537
down €1,537 (-8.6%), from -€17,978 to -€19,515
- Trade debts -€1,280
down €1,280 (-29.4%), from €4,352 to €3,072
- Gross operating margin +€6,977
up €6,977 (+28.6%), from €24,365 to €31,342
- Other operating charges +€3,329
up €3,329 (+145%), from €2,299 to €5,628
- Depreciation -€580
down €580 (-2.1%), from €27,638 to €27,058
- Financial charges -€440
down €440 (-55.9%), from €787 to €347
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 | €100,617 | €60,102 | -€40,515 | -40.3% |
| Fixed assets | 21/28 | €87,260 | €53,192 | -€34,068 | -39.0% |
| Tangible fixed assets | 22/27 | €87,260 | €53,192 | -€34,068 | -39.0% |
| Plant, machinery and equipment | 23 | €34,142 | €17,193 | -€16,949 | -49.6% |
| Furniture and vehicles | 24 | €52,441 | €35,540 | -€16,901 | -32.2% |
| Other tangible fixed assets | 26 | €677 | €460 | -€218 | -32.1% |
| Current assets | 29/58 | €13,356 | €6,909 | -€6,447 | -48.3% |
| Stocks and contracts in progress | 3 | €122 | - | -€122 | |
| Stocks | 30/36 | €122 | - | -€122 | |
| Amounts receivable within one year | 40/41 | €4,496 | - | -€4,496 | |
| Other amounts receivable | 41 | €4,496 | - | -€4,496 | |
| Cash at bank and in hand | 54/58 | €8,190 | €3,040 | -€5,150 | -62.9% |
| Deferred charges and accrued income | 490/1 | €548 | €3,869 | +€3,321 | +606% |
| Total equity and liabilities | 10/49 | €100,617 | €60,102 | -€40,515 | -40.3% |
| Equity | 10/15 | €18,377 | €16,840 | -€1,537 | -8.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €23,955 | €23,955 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,240 | €1,240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,240 | €1,240 | = | 0.0% |
| Distributable reserves | 133 | €22,715 | €22,715 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,978 | -€19,515 | -€1,537 | -8.6% |
| Amounts payable | 17/49 | €82,239 | €43,262 | -€38,978 | -47.4% |
| Amounts payable after more than one year | 17 | €6,518 | - | -€6,518 | |
| Financial debts | 170/4 | €6,518 | - | -€6,518 | |
| Amounts payable within one year | 42/48 | €75,722 | €43,262 | -€32,460 | -42.9% |
| Current portion of amounts payable after more than one year | 42 | €11,693 | €6,518 | -€5,176 | -44.3% |
| Trade debts | 44 | €4,352 | €3,072 | -€1,280 | -29.4% |
| Suppliers | 440/4 | €4,352 | €3,072 | -€1,280 | -29.4% |
| Taxes, remuneration and social security | 45 | €82 | €861 | +€779 | +946% |
| Taxes | 450/3 | €82 | €861 | +€779 | +946% |
| Other amounts payable | 47/48 | €59,594 | €32,811 | -€26,783 | -44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,638 | €27,058 | -€580 | -2.1% |
| Other operating charges | 640/8 | €2,299 | €5,628 | +€3,329 | +145% |
| Gross operating margin | 9900 | €24,365 | €31,342 | +€6,977 | +28.6% |
| Operating profit (loss) | 9901 | -€5,571 | -€1,344 | +€4,228 | +75.9% |
| Financial income | 75/76B | €62 | €153 | +€91 | +148% |
| Recurring financial income | 75 | €62 | €153 | +€91 | +148% |
| Financial charges | 65/66B | €787 | €347 | -€440 | -55.9% |
| Recurring financial charges | 65 | €787 | €347 | -€440 | -55.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,296 | -€1,537 | +€4,759 | +75.6% |
| Profit (loss) for the period | 9904 | -€6,296 | -€1,537 | +€4,759 | +75.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,296 | -€1,537 | +€4,759 | +75.6% |
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 3 November 2026 via checked.be.