De Kraal: 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.
De Kraal
Largest movements
- Tangible fixed assets -€127,190
no longer reported in 2025 (was €127,190)
of which Plant, machinery and equipment: -€116,224
- Intangible fixed assets -€102,795
no longer reported in 2025 (was €102,795)
- Receivables within one year +€34,294
up €34,294 (+117%), from €29,222 to €63,516
of which Trade receivables: +€33,714
- Stocks and contracts -€5,262
down €5,262 (-10.7%), from €49,267 to €44,005
- Other debts -€137,800
no longer reported in 2025 (was €137,800)
- Debts after one year +€68,619
up €68,619 (+11.7%), from €586,952 to €655,571
- Trade debts -€45,061
down €45,061 (-27.5%), from €163,876 to €118,815
- Advances received -€44,898
no longer reported in 2025 (was €44,898)
- Profit (loss) carried forward -€34,605
down €34,605 (-5.3%), from -€650,894 to -€685,500
- Gross operating margin +€131,403
up €131,403, from -€63,998 to €67,404
- Depreciation -€71,122
down €71,122 (-100%), from €71,122 to €0
- Staff costs -€29,648
down €29,648 (-100%), from €29,648 to €0
- Financial charges +€2,043
up €2,043 (+558%), from €366 to €2,410
- Financial income +€881
up €881 (+38,315%), from €2 to €884
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €313,740 | €108,886 | -€204,854 | -65.3% |
| Fixed assets | 21/28 | €229,984 | - | -€229,984 | |
| Intangible fixed assets | 21 | €102,795 | - | -€102,795 | |
| Tangible fixed assets | 22/27 | €127,190 | - | -€127,190 | |
| Plant, machinery and equipment | 23 | €116,224 | - | -€116,224 | |
| Other tangible fixed assets | 26 | €10,966 | - | -€10,966 | |
| Current assets | 29/58 | €83,755 | €108,886 | +€25,131 | +30.0% |
| Stocks and contracts in progress | 3 | €49,267 | €44,005 | -€5,262 | -10.7% |
| Stocks | 30/36 | €49,267 | €44,005 | -€5,262 | -10.7% |
| Amounts receivable within one year | 40/41 | €29,222 | €63,516 | +€34,294 | +117% |
| Trade receivables | 40 | €28,979 | €62,693 | +€33,714 | +116% |
| Other amounts receivable | 41 | €243 | €823 | +€580 | +239% |
| Cash at bank and in hand | 54/58 | €2,376 | €1,365 | -€1,010 | -42.5% |
| Deferred charges and accrued income | 490/1 | €2,891 | €0 | -€2,891 | -100% |
| Total equity and liabilities | 10/49 | €313,740 | €108,886 | -€204,854 | -65.3% |
| Equity | 10/15 | -€630,894 | -€665,500 | -€34,605 | -5.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€650,894 | -€685,500 | -€34,605 | -5.3% |
| Amounts payable | 17/49 | €944,634 | €774,386 | -€170,248 | -18.0% |
| Amounts payable after more than one year | 17 | €586,952 | €655,571 | +€68,619 | +11.7% |
| Financial debts | 170/4 | €586,952 | €655,571 | +€68,619 | +11.7% |
| Amounts payable within one year | 42/48 | €357,682 | €118,815 | -€238,867 | -66.8% |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Trade debts | 44 | €163,876 | €118,815 | -€45,061 | -27.5% |
| Suppliers | 440/4 | €163,876 | €118,815 | -€45,061 | -27.5% |
| Advances received on contracts in progress | 46 | €44,898 | - | -€44,898 | |
| Taxes, remuneration and social security | 45 | €11,109 | - | -€11,109 | |
| Taxes | 450/3 | €8,314 | - | -€8,314 | |
| Remuneration and social security | 454/9 | €2,795 | - | -€2,795 | |
| Other amounts payable | 47/48 | €137,800 | - | -€137,800 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €29,648 | €0 | -€29,648 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,122 | €0 | -€71,122 | -100% |
| Other operating charges | 640/8 | €1,859 | €2,425 | +€565 | +30.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€63,998 | €67,404 | +€131,403 | |
| Operating profit (loss) | 9901 | -€166,628 | €64,980 | +€231,608 | |
| Financial income | 75/76B | €2 | €884 | +€881 | +38,315% |
| Recurring financial income | 75 | €2 | €884 | +€881 | +38,315% |
| Financial charges | 65/66B | €366 | €2,410 | +€2,043 | +558% |
| Recurring financial charges | 65 | €366 | €2,410 | +€2,043 | +558% |
| Profit (loss) for the period before taxes | 9903 | -€166,992 | €63,454 | +€230,446 | |
| Profit (loss) for the period | 9904 | -€166,992 | €63,454 | +€230,446 | |
| Profit (loss) for the period to be appropriated | 9905 | -€166,992 | €63,454 | +€230,446 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.