VAN KWIKENBORNE: 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 KWIKENBORNE
Largest movements
- Cash +€95,861
up €95,861 (+429.8%), from €22,303 to €118,164
mainly Current investments (+€75,000) and Receivables within one year (+€13,169)
- Current investments -€75,000
down €75,000 (-60.5%), from €124,012 to €49,012
- Receivables within one year -€13,169
down €13,169 (-43.9%), from €29,999 to €16,830
of which Other amounts receivable: -€8,534
- Reserves +€9,570
up €9,570 (+3.7%), from €262,102 to €271,672
- Gross operating margin +€26,799
up €26,799, from -€9,392 to €17,407
- Taxes +€6,534
up €6,534 (+5034.3%), from €130 to €6,664
- Financial charges +€2,131
up €2,131, from -€1,274 to €857
- Financial income +€1,448
up €1,448 (+27.2%), from €5,327 to €6,776
- Depreciation +€1,113
up €1,113 (+36.1%), from €3,081 to €4,194
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.
Cash bridge derived
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 | €323,458 | €334,320 | +€10,862 | +3.4% |
| Fixed assets | 21/28 | €18,397 | €18,944 | +€546 | +3.0% |
| Tangible fixed assets | 22/27 | €18,397 | €18,944 | +€546 | +3.0% |
| Land and buildings | 22 | €2,692 | €2,373 | -€319 | -11.9% |
| Plant, machinery and equipment | 23 | €1,441 | €720 | -€721 | -50.0% |
| Furniture and vehicles | 24 | €8,966 | €11,480 | +€2,514 | +28.0% |
| Other tangible fixed assets | 26 | €5,298 | €4,371 | -€927 | -17.5% |
| Current assets | 29/58 | €305,060 | €315,376 | +€10,315 | +3.4% |
| Amounts receivable after more than one year | 29 | €125,000 | €125,000 | = | 0.0% |
| Other amounts receivable | 291 | €125,000 | €125,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,477 | €3,941 | +€2,464 | +166.8% |
| Stocks | 30/36 | €677 | €0 | -€677 | -100.0% |
| Contracts in progress | 37 | €800 | €3,941 | +€3,141 | +392.7% |
| Amounts receivable within one year | 40/41 | €29,999 | €16,830 | -€13,169 | -43.9% |
| Trade receivables | 40 | €19,726 | €15,091 | -€4,635 | -23.5% |
| Other amounts receivable | 41 | €10,274 | €1,739 | -€8,534 | -83.1% |
| Current investments | 50/53 | €124,012 | €49,012 | -€75,000 | -60.5% |
| Cash at bank and in hand | 54/58 | €22,303 | €118,164 | +€95,861 | +429.8% |
| Deferred charges and accrued income | 490/1 | €2,269 | €2,429 | +€159 | +7.0% |
| Total equity and liabilities | 10/49 | €323,458 | €334,320 | +€10,862 | +3.4% |
| Equity | 10/15 | €309,102 | €318,672 | +€9,570 | +3.1% |
| Contributions | 10/11 | €47,000 | €47,000 | = | 0.0% |
| Reserves | 13 | €262,102 | €271,672 | +€9,570 | +3.7% |
| Distributable reserves | 133 | €262,102 | €271,672 | +€9,570 | +3.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €14,356 | €15,648 | +€1,292 | +9.0% |
| Amounts payable within one year | 42/48 | €14,341 | €15,632 | +€1,292 | +9.0% |
| Trade debts | 44 | €6,236 | €5,369 | -€866 | -13.9% |
| Suppliers | 440/4 | €6,236 | €5,369 | -€866 | -13.9% |
| Taxes, remuneration and social security | 45 | €451 | €2,186 | +€1,734 | +384.5% |
| Taxes | 450/3 | €323 | €2,057 | +€1,734 | +537.2% |
| Remuneration and social security | 454/9 | €128 | €128 | = | 0.0% |
| Other amounts payable | 47/48 | €7,654 | €8,077 | +€423 | +5.5% |
| Accrued charges and deferred income | 492/3 | €15 | €15 | +€0 | +3.0% |
| Non-recurring operating income | 76A | - | €6,817 | +€6,817 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,081 | €4,194 | +€1,113 | +36.1% |
| Other operating charges | 640/8 | €2,006 | €1,233 | -€773 | -38.5% |
| Gross operating margin | 9900 | -€9,392 | €17,407 | +€26,799 | |
| Operating profit (loss) | 9901 | -€14,479 | €11,981 | +€26,460 | |
| Financial income | 75/76B | €5,327 | €6,776 | +€1,448 | +27.2% |
| Recurring financial income | 75 | €5,327 | €6,776 | +€1,448 | +27.2% |
| Financial charges | 65/66B | -€1,274 | €857 | +€2,131 | |
| Recurring financial charges | 65 | -€1,274 | €857 | +€2,131 | |
| Profit (loss) for the period before taxes | 9903 | -€7,877 | €17,900 | +€25,777 | |
| Income taxes | 67/77 | €130 | €6,664 | +€6,534 | +5034.3% |
| Profit (loss) for the period | 9904 | -€8,007 | €11,236 | +€19,243 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,007 | €11,236 | +€19,243 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.