Vincent KRINGS: 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.
What changed
Vincent KRINGS
NACE 69.201, Certified accountants and tax accountants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€80,953
2024 · €79,255+€1,699
Equity
€429,224
2024 · €424,430+€4,794
Cash
€211,232
2024 · €229,451-€18,219
Balance sheet total
€727,551
2024 · €730,569-€3,018
Largest movements
Assets
- Receivables within one year +€41,839
up €41,839 (+43.1%), from €97,045 to €138,884
of which Trade receivables: +€42,200
- Tangible fixed assets -€27,503
down €27,503 (-11.8%), from €233,142 to €205,639
of which Furniture and vehicles: -€14,094
- Cash -€18,219
down €18,219 (-7.9%), from €229,451 to €211,232
mainly Contributions, distributions and other (-€76,160) and Receivables within one year (-€41,839)
Equity and liabilities
- Other debts +€14,621
up €14,621 (+23.1%), from €63,321 to €77,942
- Debts after one year -€10,377
down €10,377 (-6.4%), from €162,755 to €152,378
Income statement
- Staff costs +€11,962
up €11,962 (+12.7%), from €94,047 to €106,009
- Gross operating margin +€11,815
up €11,815 (+4.8%), from €247,326 to €259,140
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.
Result 2024
€79,255
Gross operating margin
+€11,815
Staff costs
-€11,962
Depreciation
+€1,770
Write-downs
-€1,780
Other operating charges
+€1,858
Other operating items
-€700
Financial income
+€373
Financial charges
+€635
Taxes
-€309
Result 2025
€80,953
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€72,169
Investment
€0
Financing
-€90,388
Cash 2024
€229,451
From operations (derived)
+€72,169
Net result for the year
+€80,953
Depreciation
+€27,503
Receivables within one year
-€41,839
Deferred charges and accrued income
-€865
Trade debts
-€2,657
Tax, wage and social debts
-€5,548
Other debts
+€14,621
Financing
-€90,388
Debts after one year
-€10,377
Current portion of long-term debt
-€3,851
Contributions, distributions and other
-€76,160
Cash 2025
€211,232
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €730,569 | €727,551 | -€3,018 | -0.4% |
| Fixed assets | 21/28 | €233,192 | €205,689 | -€27,503 | -11.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €233,142 | €205,639 | -€27,503 | -11.8% |
| Land and buildings | 22 | €210,495 | €197,087 | -€13,408 | -6.4% |
| Furniture and vehicles | 24 | €22,646 | €8,552 | -€14,094 | -62.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €497,377 | €521,861 | +€24,485 | +4.9% |
| Amounts receivable within one year | 40/41 | €97,045 | €138,884 | +€41,839 | +43.1% |
| Trade receivables | 40 | €96,583 | €138,783 | +€42,200 | +43.7% |
| Other amounts receivable | 41 | €462 | €101 | -€361 | -78.2% |
| Current investments | 50/53 | €165,000 | €165,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €229,451 | €211,232 | -€18,219 | -7.9% |
| Deferred charges and accrued income | 490/1 | €5,881 | €6,745 | +€865 | +14.7% |
| Total equity and liabilities | 10/49 | €730,569 | €727,551 | -€3,018 | -0.4% |
| Equity | 10/15 | €424,430 | €429,224 | +€4,794 | +1.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €392,420 | €397,214 | +€4,794 | +1.2% |
| Non-distributable reserves | 130/1 | €166,859 | €166,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Own shares acquired | 1312 | €165,000 | €165,000 | = | 0.0% |
| Distributable reserves | 133 | €225,561 | €230,354 | +€4,794 | +2.1% |
| Profit (loss) carried forward | 14 | €13,418 | €13,418 | = | 0.0% |
| Amounts payable | 17/49 | €306,138 | €298,327 | -€7,811 | -2.6% |
| Amounts payable after more than one year | 17 | €162,755 | €152,378 | -€10,377 | -6.4% |
| Financial debts | 170/4 | €162,755 | €152,378 | -€10,377 | -6.4% |
| Amounts payable within one year | 42/48 | €143,334 | €145,900 | +€2,565 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €14,228 | €10,377 | -€3,851 | -27.1% |
| Trade debts | 44 | €14,532 | €11,875 | -€2,657 | -18.3% |
| Suppliers | 440/4 | €14,532 | €11,875 | -€2,657 | -18.3% |
| Taxes, remuneration and social security | 45 | €51,253 | €45,706 | -€5,548 | -10.8% |
| Taxes | 450/3 | €32,734 | €25,597 | -€7,137 | -21.8% |
| Remuneration and social security | 454/9 | €18,519 | €20,108 | +€1,590 | +8.6% |
| Other amounts payable | 47/48 | €63,321 | €77,942 | +€14,621 | +23.1% |
| Accrued charges and deferred income | 492/3 | €50 | €50 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €94,047 | €106,009 | +€11,962 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,272 | €27,503 | -€1,770 | -6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,500 | €280 | +€1,780 | |
| Other operating charges | 640/8 | €5,762 | €3,905 | -€1,858 | -32.2% |
| Non-recurring operating charges | 66A | €0 | €700 | +€700 | |
| Gross operating margin | 9900 | €247,326 | €259,140 | +€11,815 | +4.8% |
| Operating profit (loss) | 9901 | €119,744 | €120,743 | +€1,000 | +0.8% |
| Financial income | 75/76B | €1,440 | €1,813 | +€373 | +25.9% |
| Recurring financial income | 75 | €1,440 | €1,813 | +€373 | +25.9% |
| Financial charges | 65/66B | €5,174 | €4,540 | -€635 | -12.3% |
| Recurring financial charges | 65 | €5,174 | €4,540 | -€635 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €116,009 | €118,017 | +€2,007 | +1.7% |
| Income taxes | 67/77 | €36,755 | €37,063 | +€309 | +0.8% |
| Profit (loss) for the period | 9904 | €79,255 | €80,953 | +€1,699 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €79,255 | €80,953 | +€1,699 | +2.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.