WOUTER KLINCKAERT: 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.
WOUTER KLINCKAERT
Largest movements
- Cash -€14,617
down €14,617 (-38.6%), from €37,848 to €23,231
mainly Contributions, distributions and other (-€70,890) and Trade debts (-€26,509)
- Deferred charges and accrued income -€4,862
down €4,862 (-20.0%), from €24,283 to €19,421
- Tangible fixed assets +€2,045
up €2,045 (+13.1%), from €15,617 to €17,662
of which Furniture and vehicles: +€1,731
- Other debts +€70,890
new in 2025: €70,890
- Profit (loss) carried forward -€60,949
down €60,949 (-82.0%), from €74,365 to €13,416
- Trade debts -€26,509
down €26,509 (-93.0%), from €28,506 to €1,998
- Gross operating margin -€22,497
down €22,497 (-56.0%), from €40,137 to €17,640
- Taxes -€4,846
down €4,846 (-53.7%), from €9,031 to €4,186
- Financial charges +€2,396
up €2,396 (+316%), from €757 to €3,153
- Depreciation -€1,246
down €1,246 (-52.5%), from €2,373 to €1,127
- Financial income +€554
up €554 (+144%), from €384 to €938
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 | €120,511 | €103,038 | -€17,473 | -14.5% |
| Fixed assets | 21/28 | €15,617 | €17,662 | +€2,045 | +13.1% |
| Tangible fixed assets | 22/27 | €15,617 | €17,662 | +€2,045 | +13.1% |
| Land and buildings | 22 | €4,450 | €4,158 | -€291 | -6.5% |
| Plant, machinery and equipment | 23 | €6,048 | €6,048 | = | 0.0% |
| Furniture and vehicles | 24 | €1,020 | €2,751 | +€1,731 | +170% |
| Other tangible fixed assets | 26 | €4,099 | €4,705 | +€606 | +14.8% |
| Current assets | 29/58 | €104,894 | €85,377 | -€19,518 | -18.6% |
| Amounts receivable within one year | 40/41 | €42,763 | €42,724 | -€39 | -0.1% |
| Trade receivables | 40 | €24,758 | €14,357 | -€10,401 | -42.0% |
| Other amounts receivable | 41 | €18,006 | €28,367 | +€10,362 | +57.5% |
| Cash at bank and in hand | 54/58 | €37,848 | €23,231 | -€14,617 | -38.6% |
| Deferred charges and accrued income | 490/1 | €24,283 | €19,421 | -€4,862 | -20.0% |
| Total equity and liabilities | 10/49 | €120,511 | €103,038 | -€17,473 | -14.5% |
| Equity | 10/15 | €82,425 | €21,476 | -€60,949 | -73.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,365 | €13,416 | -€60,949 | -82.0% |
| Amounts payable | 17/49 | €38,086 | €81,562 | +€43,477 | +114% |
| Amounts payable within one year | 42/48 | €38,086 | €81,562 | +€43,477 | +114% |
| Financial debts | 43 | €8,904 | €8,000 | -€904 | -10.2% |
| Credit institutions | 430/8 | €8,904 | €8,000 | -€904 | -10.2% |
| Trade debts | 44 | €28,506 | €1,998 | -€26,509 | -93.0% |
| Suppliers | 440/4 | €28,506 | €1,998 | -€26,509 | -93.0% |
| Taxes, remuneration and social security | 45 | €675 | €675 | = | 0.0% |
| Taxes | 450/3 | €675 | €675 | = | 0.0% |
| Other amounts payable | 47/48 | - | €70,890 | +€70,890 | |
| Non-recurring operating income | 76A | €11,655 | - | -€11,655 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,373 | €1,127 | -€1,246 | -52.5% |
| Other operating charges | 640/8 | €337 | €172 | -€165 | -49.0% |
| Gross operating margin | 9900 | €40,137 | €17,640 | -€22,497 | -56.0% |
| Operating profit (loss) | 9901 | €37,427 | €16,341 | -€21,086 | -56.3% |
| Financial income | 75/76B | €384 | €938 | +€554 | +144% |
| Recurring financial income | 75 | €384 | €938 | +€554 | +144% |
| Financial charges | 65/66B | €757 | €3,153 | +€2,396 | +316% |
| Recurring financial charges | 65 | €757 | €3,153 | +€2,396 | +316% |
| Profit (loss) for the period before taxes | 9903 | €37,054 | €14,126 | -€22,928 | -61.9% |
| Income taxes | 67/77 | €9,031 | €4,186 | -€4,846 | -53.7% |
| Profit (loss) for the period | 9904 | €28,023 | €9,941 | -€18,083 | -64.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,023 | €9,941 | -€18,083 | -64.5% |
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 15 October 2026 via checked.be.