PHILIPPE VAN KRUNKELSVEN: 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.
PHILIPPE VAN KRUNKELSVEN
Largest movements
- Receivables within one year +€735,971
up €735,971 (+6,404%), from €11,493 to €747,463
of which Other amounts receivable: +€500,086
- Tangible fixed assets -€79,431
down €79,431 (-12.8%), from €621,696 to €542,266
of which Furniture and vehicles: -€50,531
- Deferred charges and accrued income -€35,072
down €35,072 (-76.7%), from €45,739 to €10,667
- Cash -€21,259
down €21,259 (-13.7%), from €155,228 to €133,969
mainly Receivables within one year (-€735,971) and Contributions, distributions and other (-€332,923)
- Other debts +€406,279
up €406,279 (+265%), from €153,300 to €559,579
- Debts after one year +€153,812
up €153,812 (+36.1%), from €425,988 to €579,801
- Reserves -€141,525
down €141,525 (-99.0%), from €143,025 to €1,500
of which Distributable reserves: -€141,525
- Tax, wage and social debts +€103,514
up €103,514 (+407%), from €25,408 to €128,922
- Current portion of long-term debt +€57,237
up €57,237 (+70.3%), from €81,405 to €138,642
- Gross operating margin +€209,891
up €209,891 (+157%), from €134,110 to €344,001
- Taxes +€55,104
up €55,104 (+627%), from €8,782 to €63,886
- Depreciation -€30,074
down €30,074 (-38.4%), from €78,356 to €48,282
- Financial charges +€24,901
up €24,901 (+116%), from €21,493 to €46,394
- Financial income +€9,007
up €9,007 (+4,478%), from €201 to €9,209
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 | €853,906 | €1,461,865 | +€607,959 | +71.2% |
| Fixed assets | 21/28 | €621,696 | €542,266 | -€79,431 | -12.8% |
| Tangible fixed assets | 22/27 | €621,696 | €542,266 | -€79,431 | -12.8% |
| Land and buildings | 22 | €430,539 | €415,106 | -€15,433 | -3.6% |
| Furniture and vehicles | 24 | €82,443 | €31,912 | -€50,531 | -61.3% |
| Other tangible fixed assets | 26 | €108,714 | €95,247 | -€13,467 | -12.4% |
| Current assets | 29/58 | €232,210 | €919,599 | +€687,390 | +296% |
| Amounts receivable within one year | 40/41 | €11,493 | €747,463 | +€735,971 | +6,404% |
| Trade receivables | 40 | €1,274 | €237,159 | +€235,885 | +18,512% |
| Other amounts receivable | 41 | €10,218 | €510,304 | +€500,086 | +4,894% |
| Current investments | 50/53 | €19,750 | €27,500 | +€7,750 | +39.2% |
| Cash at bank and in hand | 54/58 | €155,228 | €133,969 | -€21,259 | -13.7% |
| Deferred charges and accrued income | 490/1 | €45,739 | €10,667 | -€35,072 | -76.7% |
| Total equity and liabilities | 10/49 | €853,906 | €1,461,865 | +€607,959 | +71.2% |
| Equity | 10/15 | €161,575 | €20,050 | -€141,525 | -87.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €143,025 | €1,500 | -€141,525 | -99.0% |
| Non-distributable reserves | 130/1 | €1,500 | €1,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,500 | €1,500 | = | 0.0% |
| Distributable reserves | 133 | €141,525 | €0 | -€141,525 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €692,331 | €1,441,815 | +€749,484 | +108% |
| Amounts payable after more than one year | 17 | €425,988 | €579,801 | +€153,812 | +36.1% |
| Financial debts | 170/4 | €425,988 | €579,801 | +€153,812 | +36.1% |
| Amounts payable within one year | 42/48 | €263,491 | €829,728 | +€566,238 | +215% |
| Current portion of amounts payable after more than one year | 42 | €81,405 | €138,642 | +€57,237 | +70.3% |
| Financial debts | 43 | €921 | €204 | -€717 | -77.9% |
| Credit institutions | 430/8 | €921 | €204 | -€717 | -77.9% |
| Trade debts | 44 | €2,457 | €2,382 | -€75 | -3.0% |
| Suppliers | 440/4 | €2,457 | €2,382 | -€75 | -3.0% |
| Taxes, remuneration and social security | 45 | €25,408 | €128,922 | +€103,514 | +407% |
| Taxes | 450/3 | €25,408 | €128,922 | +€103,514 | +407% |
| Other amounts payable | 47/48 | €153,300 | €559,579 | +€406,279 | +265% |
| Accrued charges and deferred income | 492/3 | €2,852 | €32,286 | +€29,434 | +1,032% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,356 | €48,282 | -€30,074 | -38.4% |
| Other operating charges | 640/8 | €558 | €3,249 | +€2,691 | +482% |
| Gross operating margin | 9900 | €134,110 | €344,001 | +€209,891 | +157% |
| Operating profit (loss) | 9901 | €55,195 | €292,469 | +€237,274 | +430% |
| Financial income | 75/76B | €201 | €9,209 | +€9,007 | +4,478% |
| Recurring financial income | 75 | €201 | €9,209 | +€9,007 | +4,478% |
| Financial charges | 65/66B | €21,493 | €46,394 | +€24,901 | +116% |
| Recurring financial charges | 65 | €21,493 | €46,394 | +€24,901 | +116% |
| Profit (loss) for the period before taxes | 9903 | €33,904 | €255,284 | +€221,380 | +653% |
| Income taxes | 67/77 | €8,782 | €63,886 | +€55,104 | +627% |
| Profit (loss) for the period | 9904 | €25,122 | €191,398 | +€166,276 | +662% |
| Profit (loss) for the period to be appropriated | 9905 | €25,122 | €191,398 | +€166,276 | +662% |
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 27 October 2026 via checked.be.