K. Van Craeijnest: 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.
K. Van Craeijnest
Largest movements
- Tangible fixed assets +€112,432
up €112,432 (+240%), from €46,914 to €159,345
of which Leasing and similar rights: +€104,472
- Cash -€26,377
down €26,377 (-64.3%), from €41,038 to €14,660
mainly Investment in fixed assets (net) (-€134,909) and Tax, wage and social debts (-€18,227)
- Receivables within one year -€4,807
down €4,807 (-14.2%), from €33,819 to €29,012
of which Other amounts receivable: -€20,088
- Debts after one year +€62,873
up €62,873 (+2,246%), from €2,799 to €65,672
- Reserves +€31,480
up €31,480 (+58.1%), from €54,157 to €85,637
- Tax, wage and social debts -€18,227
down €18,227 (-55.6%), from €32,810 to €14,583
- Current portion of long-term debt +€7,756
up €7,756 (+47.5%), from €16,317 to €24,073
- Trade debts -€6,330
down €6,330 (-56.0%), from €11,306 to €4,976
- Taxes -€19,608
down €19,608 (-99.2%), from €19,758 to €150
- Depreciation +€7,931
up €7,931 (+54.5%), from €14,547 to €22,477
- Gross operating margin +€3,697
up €3,697 (+5.1%), from €72,458 to €76,156
- Financial charges +€878
up €878 (+50.4%), from €1,743 to €2,621
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 | €122,413 | €205,374 | +€82,961 | +67.8% |
| Fixed assets | 21/28 | €46,914 | €159,345 | +€112,432 | +240% |
| Tangible fixed assets | 22/27 | €46,914 | €159,345 | +€112,432 | +240% |
| Plant, machinery and equipment | 23 | €1,557 | €4,848 | +€3,291 | +211% |
| Furniture and vehicles | 24 | €45,357 | €50,026 | +€4,669 | +10.3% |
| Leasing and similar rights | 25 | - | €104,472 | +€104,472 | |
| Current assets | 29/58 | €75,499 | €46,029 | -€29,471 | -39.0% |
| Amounts receivable within one year | 40/41 | €33,819 | €29,012 | -€4,807 | -14.2% |
| Trade receivables | 40 | €3,015 | €18,295 | +€15,281 | +507% |
| Other amounts receivable | 41 | €30,804 | €10,716 | -€20,088 | -65.2% |
| Cash at bank and in hand | 54/58 | €41,038 | €14,660 | -€26,377 | -64.3% |
| Deferred charges and accrued income | 490/1 | €643 | €2,357 | +€1,714 | +266% |
| Total equity and liabilities | 10/49 | €122,413 | €205,374 | +€82,961 | +67.8% |
| Equity | 10/15 | €59,157 | €90,637 | +€31,480 | +53.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €54,157 | €85,637 | +€31,480 | +58.1% |
| Distributable reserves | 133 | €54,157 | €85,637 | +€31,480 | +58.1% |
| Amounts payable | 17/49 | €63,256 | €114,737 | +€51,480 | +81.4% |
| Amounts payable after more than one year | 17 | €2,799 | €65,672 | +€62,873 | +2,246% |
| Financial debts | 170/4 | €2,799 | €65,672 | +€62,873 | +2,246% |
| Amounts payable within one year | 42/48 | €60,433 | €49,065 | -€11,368 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €16,317 | €24,073 | +€7,756 | +47.5% |
| Trade debts | 44 | €11,306 | €4,976 | -€6,330 | -56.0% |
| Suppliers | 440/4 | €11,306 | €4,976 | -€6,330 | -56.0% |
| Taxes, remuneration and social security | 45 | €32,810 | €14,583 | -€18,227 | -55.6% |
| Taxes | 450/3 | €32,810 | €14,583 | -€18,227 | -55.6% |
| Other amounts payable | 47/48 | - | €5,433 | +€5,433 | |
| Accrued charges and deferred income | 492/3 | €24 | - | -€24 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,547 | €22,477 | +€7,931 | +54.5% |
| Other operating charges | 640/8 | €19,245 | €19,428 | +€183 | +0.9% |
| Gross operating margin | 9900 | €72,458 | €76,156 | +€3,697 | +5.1% |
| Operating profit (loss) | 9901 | €38,667 | €34,251 | -€4,416 | -11.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,743 | €2,621 | +€878 | +50.4% |
| Recurring financial charges | 65 | €1,743 | €2,621 | +€878 | +50.4% |
| Profit (loss) for the period before taxes | 9903 | €36,924 | €31,630 | -€5,294 | -14.3% |
| Income taxes | 67/77 | €19,758 | €150 | -€19,608 | -99.2% |
| Profit (loss) for the period | 9904 | €17,166 | €31,480 | +€14,315 | +83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,166 | €31,480 | +€14,315 | +83.4% |
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 18 October 2026 via checked.be.