PHILIP VANKRUNKELSVEN: what changed
Two fiscal 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.
PHILIP VANKRUNKELSVEN
Largest movements
- Current investments +€100,000
up €100,000 (+100.0%), from €100,000 to €200,000
- Cash -€44,098
down €44,098 (-27.8%), from €158,572 to €114,475
mainly Current investments (-€100,000) and Other debts (-€6,806)
- Tangible fixed assets -€16,615
down €16,615 (-52.4%), from €31,712 to €15,097
of which Furniture and vehicles: -€15,915
- Receivables within one year -€10,731
down €10,731 (-68.8%), from €15,601 to €4,870
- Reserves +€36,336
up €36,336 (+15.3%), from €238,113 to €274,450
- Other debts -€6,806
down €6,806 (-12.2%), from €55,741 to €48,935
- Gross operating margin -€8,262
down €8,262 (-10.8%), from €76,449 to €68,186
- Taxes -€2,361
down €2,361 (-11.5%), from €20,608 to €18,247
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 | €309,402 | €335,526 | +€26,124 | +8.4% |
| Fixed assets | 21/28 | €31,712 | €15,097 | -€16,615 | -52.4% |
| Tangible fixed assets | 22/27 | €31,712 | €15,097 | -€16,615 | -52.4% |
| Land and buildings | 22 | €6,980 | €6,540 | -€441 | -6.3% |
| Plant, machinery and equipment | 23 | €518 | €259 | -€259 | -50.0% |
| Furniture and vehicles | 24 | €24,213 | €8,298 | -€15,915 | -65.7% |
| Current assets | 29/58 | €277,690 | €320,429 | +€42,739 | +15.4% |
| Amounts receivable within one year | 40/41 | €15,601 | €4,870 | -€10,731 | -68.8% |
| Trade receivables | 40 | €15,601 | €4,870 | -€10,731 | -68.8% |
| Current investments | 50/53 | €100,000 | €200,000 | +€100,000 | +100.0% |
| Cash at bank and in hand | 54/58 | €158,572 | €114,475 | -€44,098 | -27.8% |
| Deferred charges and accrued income | 490/1 | €3,517 | €1,084 | -€2,433 | -69.2% |
| Total equity and liabilities | 10/49 | €309,402 | €335,526 | +€26,124 | +8.4% |
| Equity | 10/15 | €244,313 | €280,650 | +€36,336 | +14.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €238,113 | €274,450 | +€36,336 | +15.3% |
| Distributable reserves | 133 | €238,113 | €274,450 | +€36,336 | +15.3% |
| Amounts payable | 17/49 | €65,089 | €54,876 | -€10,213 | -15.7% |
| Amounts payable within one year | 42/48 | €65,089 | €54,876 | -€10,213 | -15.7% |
| Trade debts | 44 | €5,197 | €3,815 | -€1,382 | -26.6% |
| Suppliers | 440/4 | €5,197 | €3,815 | -€1,382 | -26.6% |
| Taxes, remuneration and social security | 45 | €4,151 | €2,126 | -€2,025 | -48.8% |
| Taxes | 450/3 | €1,602 | €2,126 | +€524 | +32.7% |
| Remuneration and social security | 454/9 | €2,549 | - | -€2,549 | |
| Other amounts payable | 47/48 | €55,741 | €48,935 | -€6,806 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,615 | €16,615 | = | 0.0% |
| Other operating charges | 640/8 | €563 | €573 | +€9 | +1.7% |
| Gross operating margin | 9900 | €76,449 | €68,186 | -€8,262 | -10.8% |
| Operating profit (loss) | 9901 | €59,270 | €50,999 | -€8,272 | -14.0% |
| Financial income | 75/76B | €3,354 | €3,739 | +€385 | +11.5% |
| Recurring financial income | 75 | €3,354 | €3,739 | +€385 | +11.5% |
| Financial charges | 65/66B | €141 | €155 | +€13 | +9.4% |
| Recurring financial charges | 65 | €141 | €155 | +€13 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €62,483 | €54,583 | -€7,900 | -12.6% |
| Income taxes | 67/77 | €20,608 | €18,247 | -€2,361 | -11.5% |
| Profit (loss) for the period | 9904 | €41,875 | €36,336 | -€5,538 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,875 | €36,336 | -€5,538 | -13.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.