KRINKELS: what changed
What changed
KRINKELS
NACE 81.300, Landscape service activities
filed annual accounts (NBB)
Net result for the year
€12.8m
2025 · €12.8m+€57,465
Equity
€31.2m
2025 · €38.4m-€7.2m
Cash
€6.7m
2025 · €8.0m-€1.3m
Balance sheet total
€66.8m
2025 · €74.2m-€7.4m
Largest movements
Assets
- Receivables within one year -€3.5m
down €3.5m (-8.9%), from €39.1m to €35.6m
of which Trade receivables: -€3.7m
- Tangible fixed assets -€2.4m
down €2.4m (-9.6%), from €24.6m to €22.2m
of which Plant, machinery and equipment: -€1.3m
- Cash -€1.3m
down €1.3m (-16.5%), from €8.0m to €6.7m
mainly Contributions, distributions and other (-€20.0m) and Investment in fixed assets (net) (-€5.9m)
Equity and liabilities
- Profit (loss) carried forward -€7.2m
down €7.2m (-30.7%), from €23.4m to €16.2m
Income statement
- Turnover -€14.6m
down €14.6m (-10.0%), from €145.9m to €131.3m
- Goods and materials -€10.5m
down €10.5m (-21.1%), from €49.8m to €39.3m
of which Purchases: -€10.1m
- Write-downs -€3.3m
down €3.3m, from €1.7m to -€1.6m
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€12.8m
Turnover
-€14.6m
Other operating income
-€140,857
Goods and materials
+€10.5m
Services and other goods
+€927,158
Staff costs
+€242,250
Depreciation
+€212,685
Write-downs
+€3.3m
Other operating charges
-€90,272
Other operating items
-€543,232
Financial income
+€291,480
Financial charges
+€6,806
Taxes
-€58,279
Result 2026
€12.8m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€24.6m
Investment
-€5.9m
Financing
-€20.0m
Cash 2025
€8.0m
From operations (derived)
+€24.6m
Net result for the year
+€12.8m
Depreciation
+€8.3m
Stocks and contracts
+€245,448
Receivables within one year
+€3.5m
Deferred charges and accrued income
-€7,457
Trade debts
-€668,834
Tax, wage and social debts
+€462,639
Advances received
+€124,805
Accrued charges and deferred income
-€130,708
Investment (derived)
-€5.9m
Investment in fixed assets (net)
-€5.9m
Financing
-€20.0m
Contributions, distributions and other
-€20.0m
Cash 2026
€6.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,175,014 | €66,783,533 | -€7.4m | -10.0% |
| Fixed assets | 21/28 | €24,620,744 | €22,265,863 | -€2.4m | -9.6% |
| Tangible fixed assets | 22/27 | €24,556,701 | €22,203,296 | -€2.4m | -9.6% |
| Land and buildings | 22 | €4,026,487 | €4,042,276 | +€15,789 | +0.4% |
| Plant, machinery and equipment | 23 | €8,131,171 | €6,806,230 | -€1.3m | -16.3% |
| Furniture and vehicles | 24 | €12,399,043 | €11,197,140 | -€1.2m | -9.7% |
| Assets under construction and advance payments | 27 | - | €157,649 | +€157,649 | |
| Financial fixed assets | 28 | €64,043 | €62,567 | -€1,476 | -2.3% |
| Other financial fixed assets | 284/8 | €64,043 | €62,567 | -€1,476 | -2.3% |
| Shares | 284 | €21,646 | €21,646 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €42,397 | €40,921 | -€1,476 | -3.5% |
| Current assets | 29/58 | €49,554,271 | €44,517,671 | -€5.0m | -10.2% |
| Stocks and contracts in progress | 3 | €2,296,848 | €2,051,400 | -€245,448 | -10.7% |
| Stocks | 30/36 | €785,258 | €777,302 | -€7,956 | -1.0% |
| Raw materials and consumables | 30/31 | €61,949 | €98,975 | +€37,025 | +59.8% |
| Goods purchased for resale | 34 | €723,308 | €678,328 | -€44,981 | -6.2% |
| Contracts in progress | 37 | €1,511,590 | €1,274,098 | -€237,492 | -15.7% |
| Amounts receivable within one year | 40/41 | €39,114,584 | €35,644,966 | -€3.5m | -8.9% |
| Trade receivables | 40 | €38,939,072 | €35,281,439 | -€3.7m | -9.4% |
| Other amounts receivable | 41 | €175,512 | €363,527 | +€188,015 | +107% |
| Cash at bank and in hand | 54/58 | €8,031,291 | €6,702,300 | -€1.3m | -16.5% |
| Deferred charges and accrued income | 490/1 | €111,548 | €119,005 | +€7,457 | +6.7% |
| Total equity and liabilities | 10/49 | €74,175,014 | €66,783,533 | -€7.4m | -10.0% |
| Equity | 10/15 | €38,360,519 | €31,181,135 | -€7.2m | -18.7% |
| Contributions | 10/11 | €2,536,000 | €2,536,000 | = | 0.0% |
| Capital | 10 | €2,536,000 | €2,536,000 | = | 0.0% |
| Issued capital | 100 | €2,536,000 | €2,536,000 | = | 0.0% |
| Reserves | 13 | €12,454,186 | €12,454,186 | = | 0.0% |
| Non-distributable reserves | 130/1 | €253,600 | €253,600 | = | 0.0% |
| Legal reserve | 130 | €253,600 | €253,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,092,126 | €1,092,126 | = | 0.0% |
| Distributable reserves | 133 | €11,108,460 | €11,108,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,370,332 | €16,190,949 | -€7.2m | -30.7% |
| Amounts payable | 17/49 | €35,814,496 | €35,602,398 | -€212,098 | -0.6% |
| Amounts payable within one year | 42/48 | €35,449,504 | €35,368,114 | -€81,390 | -0.2% |
| Trade debts | 44 | €22,556,222 | €21,887,389 | -€668,834 | -3.0% |
| Suppliers | 440/4 | €22,556,222 | €21,887,389 | -€668,834 | -3.0% |
| Advances received on contracts in progress | 46 | €6,286,731 | €6,411,536 | +€124,805 | +2.0% |
| Taxes, remuneration and social security | 45 | €6,606,550 | €7,069,189 | +€462,639 | +7.0% |
| Taxes | 450/3 | €143,801 | €606,544 | +€462,742 | +322% |
| Remuneration and social security | 454/9 | €6,462,749 | €6,462,645 | -€103 | 0.0% |
| Accrued charges and deferred income | 492/3 | €364,992 | €234,285 | -€130,708 | -35.8% |
| Operating income | 70/76A | €148,752,866 | €133,706,540 | -€15.0m | -10.1% |
| Turnover | 70 | €145,851,244 | €131,290,802 | -€14.6m | -10.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€141,840 | -€237,492 | -€95,652 | -67.4% |
| Other operating income | 74 | €2,317,973 | €2,177,116 | -€140,857 | -6.1% |
| Non-recurring operating income | 76A | €725,489 | €476,114 | -€249,376 | -34.4% |
| Operating charges | 60/66A | €131,191,101 | €116,327,318 | -€14.9m | -11.3% |
| Goods for resale, raw materials and consumables | 60 | €49,760,100 | €39,274,867 | -€10.5m | -21.1% |
| Purchases | 600/8 | €49,366,386 | €39,266,911 | -€10.1m | -20.5% |
| Change in stocks: decrease (increase) | 609 | €393,714 | €7,956 | -€385,758 | -98.0% |
| Services and other goods | 61 | €24,538,911 | €23,611,753 | -€927,158 | -3.8% |
| Remuneration, social security and pensions | 62 | €46,381,305 | €46,139,055 | -€242,250 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,465,431 | €8,252,746 | -€212,685 | -2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,729,037 | -€1,555,896 | -€3.3m | |
| Other operating charges | 640/8 | €72,879 | €163,150 | +€90,272 | +124% |
| Non-recurring operating charges | 66A | €243,438 | €441,643 | +€198,205 | +81.4% |
| Operating profit (loss) | 9901 | €17,561,765 | €17,379,222 | -€182,542 | -1.0% |
| Financial income | 75/76B | €107,279 | €398,759 | +€291,480 | +272% |
| Recurring financial income | 75 | €107,279 | €398,759 | +€291,480 | +272% |
| Other financial income | 752/9 | €107,279 | €398,759 | +€291,480 | +272% |
| Financial charges | 65/66B | €135,899 | €129,093 | -€6,806 | -5.0% |
| Recurring financial charges | 65 | €135,899 | €129,093 | -€6,806 | -5.0% |
| Debt charges | 650 | €50,861 | €47,392 | -€3,469 | -6.8% |
| Other financial charges | 652/9 | €85,038 | €81,701 | -€3,337 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €17,533,145 | €17,648,888 | +€115,744 | +0.7% |
| Income taxes | 67/77 | €4,769,993 | €4,828,272 | +€58,279 | +1.2% |
| Taxes | 670/3 | €5,152,018 | €4,828,272 | -€323,746 | -6.3% |
| Tax adjustments and reversals of tax provisions | 77 | €382,025 | - | -€382,025 | |
| Profit (loss) for the period | 9904 | €12,763,152 | €12,820,617 | +€57,465 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,763,152 | €12,820,617 | +€57,465 | +0.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.