VK-Kitwerken: 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.
VK-Kitwerken
Largest movements
- Receivables within one year +€20,702
up €20,702 (+51.8%), from €39,949 to €60,651
of which Other amounts receivable: +€12,421
- Cash -€14,574
down €14,574 (-13.5%), from €107,686 to €93,112
mainly Contributions, distributions and other (-€52,170) and Receivables within one year (-€20,702)
- Deferred charges and accrued income -€9,165
down €9,165 (-62.5%), from €14,664 to €5,499
- Current investments +€5,270
up €5,270 (+7.0%), from €74,917 to €80,187
- Tangible fixed assets -€5,202
down €5,202 (-29.8%), from €17,459 to €12,257
of which Furniture and vehicles: -€3,337
- Other debts -€11,648
down €11,648 (-18.2%), from €63,871 to €52,223
- Trade debts +€7,526
up €7,526 (+117%), from €6,423 to €13,949
- Gross operating margin -€15,885
down €15,885 (-16.3%), from €97,617 to €81,732
- Taxes -€3,533
down €3,533 (-20.2%), from €17,494 to €13,961
- Write-downs -€2,707
down €2,707 (-100%), from €2,707 to €0
- Staff costs +€2,020
up €2,020 (+53.4%), from €3,786 to €5,806
- Financial charges -€1,040
down €1,040 (-86.8%), from €1,198 to €158
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 | €254,946 | €252,024 | -€2,922 | -1.1% |
| Fixed assets | 21/28 | €17,731 | €12,575 | -€5,156 | -29.1% |
| Tangible fixed assets | 22/27 | €17,459 | €12,257 | -€5,202 | -29.8% |
| Furniture and vehicles | 24 | €13,131 | €9,794 | -€3,337 | -25.4% |
| Leasing and similar rights | 25 | €547 | €222 | -€325 | -59.4% |
| Other tangible fixed assets | 26 | €3,780 | €2,241 | -€1,540 | -40.7% |
| Financial fixed assets | 28 | €272 | €318 | +€46 | +16.9% |
| Current assets | 29/58 | €237,215 | €239,449 | +€2,234 | +0.9% |
| Amounts receivable within one year | 40/41 | €39,949 | €60,651 | +€20,702 | +51.8% |
| Trade receivables | 40 | €37,309 | €45,590 | +€8,281 | +22.2% |
| Other amounts receivable | 41 | €2,640 | €15,061 | +€12,421 | +471% |
| Current investments | 50/53 | €74,917 | €80,187 | +€5,270 | +7.0% |
| Cash at bank and in hand | 54/58 | €107,686 | €93,112 | -€14,574 | -13.5% |
| Deferred charges and accrued income | 490/1 | €14,664 | €5,499 | -€9,165 | -62.5% |
| Total equity and liabilities | 10/49 | €254,946 | €252,024 | -€2,922 | -1.1% |
| Equity | 10/15 | €177,680 | €177,680 | = | 0.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €177,580 | €177,580 | = | 0.0% |
| Distributable reserves | 133 | €177,580 | €177,580 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €77,266 | €74,343 | -€2,922 | -3.8% |
| Amounts payable within one year | 42/48 | €77,266 | €73,143 | -€4,122 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €6,423 | €13,949 | +€7,526 | +117% |
| Suppliers | 440/4 | €6,423 | €13,949 | +€7,526 | +117% |
| Taxes, remuneration and social security | 45 | €6,971 | €6,971 | = | 0.0% |
| Taxes | 450/3 | €6,971 | €6,971 | = | 0.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €63,871 | €52,223 | -€11,648 | -18.2% |
| Accrued charges and deferred income | 492/3 | €0 | €1,200 | +€1,200 | |
| Remuneration, social security and pensions | 62 | €3,786 | €5,806 | +€2,020 | +53.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,240 | €9,588 | -€652 | -6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,707 | €0 | -€2,707 | -100% |
| Other operating charges | 640/8 | €1,920 | €2,109 | +€188 | +9.8% |
| Gross operating margin | 9900 | €97,617 | €81,732 | -€15,885 | -16.3% |
| Operating profit (loss) | 9901 | €78,964 | €64,228 | -€14,735 | -18.7% |
| Financial income | 75/76B | €2,544 | €2,060 | -€484 | -19.0% |
| Recurring financial income | 75 | €2,544 | €2,060 | -€484 | -19.0% |
| Financial charges | 65/66B | €1,198 | €158 | -€1,040 | -86.8% |
| Recurring financial charges | 65 | €1,198 | €158 | -€1,040 | -86.8% |
| Profit (loss) for the period before taxes | 9903 | €80,310 | €66,130 | -€14,180 | -17.7% |
| Income taxes | 67/77 | €17,494 | €13,961 | -€3,533 | -20.2% |
| Profit (loss) for the period | 9904 | €62,816 | €52,170 | -€10,646 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €62,816 | €52,170 | -€10,646 | -16.9% |
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 24 October 2026 via checked.be.