PHILIPPE KIEKENS: what changed
What changed
PHILIPPE KIEKENS
NACE 86.230, Dental practice
filed annual accounts (NBB)
Net result for the year
-€51,546
2024 · €39,987-€91,533
Equity
€1.4m
2024 · €1.1m+€348,454
Cash
€285,658
2024 · €369,790-€84,132
Balance sheet total
€5.7m
2024 · €4.5m+€1.1m
Largest movements
Assets
- Tangible fixed assets +€1.5m
up €1.5m (+45.3%), from €3.2m to €4.7m
of which Assets under construction and advance payments: +€858,659
- Receivables within one year -€453,152
down €453,152 (-49.4%), from €916,675 to €463,522
of which Other amounts receivable: -€400,015
- Receivables after one year +€195,203
new in 2025: €195,203
- Cash -€84,132
down €84,132 (-22.8%), from €369,790 to €285,658
mainly Investment in fixed assets (net) (-€1.7m) and Receivables after one year (-€195,203)
Equity and liabilities
- Debts after one year +€801,428
up €801,428 (+25.1%), from €3.2m to €4.0m
of which Financial debts: +€758,764
- Contributions +€400,000
up €400,000 (+2,831%), from €14,130 to €414,130
Income statement
- Depreciation +€68,112
up €68,112 (+47.1%), from €144,709 to €212,821
- Taxes -€33,134
down €33,134 (-98.0%), from €33,808 to €673
- Gross operating margin -€33,128
down €33,128 (-10.1%), from €326,479 to €293,351
- Financial income -€26,635
down €26,635 (-41.6%), from €64,025 to €37,390
Change in the result, 2024 to 2025
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 2024
€39,987
Gross operating margin
-€33,128
Depreciation
-€68,112
Other operating charges
+€814
Other operating items
+€272
Financial income
-€26,635
Financial charges
+€2,122
Taxes
+€33,134
Result 2025
-€51,546
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€396,006
Investment
-€1.7m
Financing
+€1.2m
Cash 2024
€369,790
From operations (derived)
+€396,006
Net result for the year
-€51,546
Depreciation
+€212,821
Receivables after one year
-€195,203
Receivables within one year
+€453,152
Deferred charges and accrued income
-€10,967
Trade debts
-€17,357
Smaller working-capital items
+€5,105
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€1.7m
Financing
+€1.2m
Debts after one year
+€801,428
Contributions, distributions and other
+€400,000
Cash 2025
€285,658
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,537,576 | €5,675,206 | +€1.1m | +25.1% |
| Fixed assets | 21/28 | €3,240,542 | €4,709,286 | +€1.5m | +45.3% |
| Tangible fixed assets | 22/27 | €3,240,542 | €4,709,286 | +€1.5m | +45.3% |
| Land and buildings | 22 | €3,089,219 | €3,718,679 | +€629,460 | +20.4% |
| Plant, machinery and equipment | 23 | €3,437 | €5,758 | +€2,320 | +67.5% |
| Furniture and vehicles | 24 | €147,886 | €126,191 | -€21,695 | -14.7% |
| Assets under construction and advance payments | 27 | - | €858,659 | +€858,659 | |
| Current assets | 29/58 | €1,297,034 | €965,920 | -€331,114 | -25.5% |
| Amounts receivable after more than one year | 29 | - | €195,203 | +€195,203 | |
| Other amounts receivable | 291 | - | €195,203 | +€195,203 | |
| Amounts receivable within one year | 40/41 | €916,675 | €463,522 | -€453,152 | -49.4% |
| Trade receivables | 40 | €119,350 | €66,213 | -€53,138 | -44.5% |
| Other amounts receivable | 41 | €797,324 | €397,309 | -€400,015 | -50.2% |
| Cash at bank and in hand | 54/58 | €369,790 | €285,658 | -€84,132 | -22.8% |
| Deferred charges and accrued income | 490/1 | €10,569 | €21,536 | +€10,967 | +104% |
| Total equity and liabilities | 10/49 | €4,537,576 | €5,675,206 | +€1.1m | +25.1% |
| Equity | 10/15 | €1,057,139 | €1,405,593 | +€348,454 | +33.0% |
| Contributions | 10/11 | €14,130 | €414,130 | +€400,000 | +2,831% |
| Revaluation surpluses | 12 | €50,036 | €50,036 | = | 0.0% |
| Reserves | 13 | €992,974 | €991,194 | -€1,780 | -0.2% |
| Tax-exempt reserves | 132 | €41,294 | €41,294 | = | 0.0% |
| Distributable reserves | 133 | €951,680 | €949,900 | -€1,780 | -0.2% |
| Profit (loss) carried forward | 14 | - | -€49,766 | -€49,766 | |
| Amounts payable | 17/49 | €3,480,437 | €4,269,613 | +€789,176 | +22.7% |
| Amounts payable after more than one year | 17 | €3,189,608 | €3,991,036 | +€801,428 | +25.1% |
| Financial debts | 170/4 | €1,481,341 | €2,240,105 | +€758,764 | +51.2% |
| Other amounts payable | 178/9 | €1,708,267 | €1,750,931 | +€42,664 | +2.5% |
| Amounts payable within one year | 42/48 | €288,309 | €273,145 | -€15,164 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €138,642 | €138,642 | = | 0.0% |
| Trade debts | 44 | €22,729 | €5,372 | -€17,357 | -76.4% |
| Suppliers | 440/4 | €22,729 | €5,372 | -€17,357 | -76.4% |
| Taxes, remuneration and social security | 45 | €39,279 | €40,778 | +€1,499 | +3.8% |
| Taxes | 450/3 | €39,279 | €40,778 | +€1,499 | +3.8% |
| Other amounts payable | 47/48 | €87,660 | €88,354 | +€694 | +0.8% |
| Accrued charges and deferred income | 492/3 | €2,520 | €5,432 | +€2,912 | +116% |
| Non-recurring operating income | 76A | €32,364 | €0 | -€32,364 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,709 | €212,821 | +€68,112 | +47.1% |
| Other operating charges | 640/8 | €11,365 | €10,551 | -€814 | -7.2% |
| Non-recurring operating charges | 66A | €272 | €0 | -€272 | -100% |
| Gross operating margin | 9900 | €326,479 | €293,351 | -€33,128 | -10.1% |
| Operating profit (loss) | 9901 | €170,133 | €69,979 | -€100,154 | -58.9% |
| Financial income | 75/76B | €64,025 | €37,390 | -€26,635 | -41.6% |
| Recurring financial income | 75 | €64,025 | €37,390 | -€26,635 | -41.6% |
| Financial charges | 65/66B | €160,364 | €158,242 | -€2,122 | -1.3% |
| Recurring financial charges | 65 | €160,364 | €158,242 | -€2,122 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €73,795 | -€50,873 | -€124,667 | |
| Income taxes | 67/77 | €33,808 | €673 | -€33,134 | -98.0% |
| Profit (loss) for the period | 9904 | €39,987 | -€51,546 | -€91,533 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €39,987 | -€51,546 | -€91,533 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.