DE KRIEKELAAR: 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
DE KRIEKELAAR
NACE 01.430, Raising of horses and other equines
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€260,955
2024 · €4,622-€265,577
Equity
-€221,767
2024 · €39,188-€260,955
Cash
€207,111
2024 · €31,126+€175,985
Balance sheet total
€4.4m
2024 · €1.4m+€3.0m
Largest movements
Assets
- Tangible fixed assets +€2.3m
up €2.3m (+355%), from €641,366 to €2.9m
of which Furniture and vehicles: +€1.2m
- Stocks and contracts +€235,250
up €235,250 (+41.3%), from €569,000 to €804,250
- Receivables within one year +€209,515
up €209,515 (+418%), from €50,142 to €259,656
of which Other amounts receivable: +€121,825
- Cash +€175,985
up €175,985 (+565%), from €31,126 to €207,111
mainly Debts after one year (+€3.4m) and Depreciation (+€328,675)
- Intangible fixed assets +€132,618
up €132,618 (+937%), from €14,157 to €146,776
Equity and liabilities
- Debts after one year +€3.4m
up €3.4m (+811%), from €420,000 to €3.8m
- Profit (loss) carried forward -€223,767
new in 2025: -€223,767
- Other debts -€173,693
down €173,693 (-21.3%), from €815,382 to €641,689
Income statement
- Turnover -€455,813
no longer reported in 2025 (was €455,813)
- Services and other goods -€355,170
no longer reported in 2025 (was €355,170)
- Depreciation +€260,764
up €260,764 (+384%), from €67,911 to €328,675
- Gross operating margin +€233,235
new in 2025: €233,235
- Staff costs +€84,394
new in 2025: €84,394
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
€4,622
Turnover
-€455,813
Other operating income
-€33,945
Goods and materials
+€10,469
Services and other goods
+€355,170
Staff costs
-€84,394
Depreciation
-€260,764
Other operating charges
-€62,958
Other operating items
+€267,536
Financial income
-€367
Financial charges
+€1,174
Taxes
-€1,686
Result 2025
-€260,955
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
-€489,760
Investment
-€2.7m
Financing
+€3.4m
Cash 2024
€31,126
From operations (derived)
-€489,760
Net result for the year
-€260,955
Depreciation
+€328,675
Stocks and contracts
-€235,250
Receivables within one year
-€209,515
Deferred charges and accrued income
+€37,996
Trade debts
+€42,799
Tax, wage and social debts
+€16,736
Other debts
-€173,693
Accrued charges and deferred income
-€36,554
Investment (derived)
-€2.7m
Investment in fixed assets (net)
-€2.7m
Financing
+€3.4m
Debts after one year
+€3.4m
Cash 2025
€207,111
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,365,215 | €4,358,549 | +€3.0m | +219% |
| Fixed assets | 21/28 | €655,538 | €3,066,118 | +€2.4m | +368% |
| Intangible fixed assets | 21 | €14,157 | €146,776 | +€132,618 | +937% |
| Tangible fixed assets | 22/27 | €641,366 | €2,919,328 | +€2.3m | +355% |
| Land and buildings | 22 | €454,569 | €742,104 | +€287,535 | +63.3% |
| Plant, machinery and equipment | 23 | €146,171 | €962,001 | +€815,830 | +558% |
| Furniture and vehicles | 24 | €6,965 | €1,187,542 | +€1.2m | +16,950% |
| Other tangible fixed assets | 26 | €33,662 | €27,681 | -€5,981 | -17.8% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Other financial fixed assets | 284/8 | €15 | - | -€15 | |
| Amounts receivable and cash guarantees | 285/8 | €15 | - | -€15 | |
| Current assets | 29/58 | €709,677 | €1,292,430 | +€582,754 | +82.1% |
| Stocks and contracts in progress | 3 | €569,000 | €804,250 | +€235,250 | +41.3% |
| Stocks | 30/36 | €569,000 | €804,250 | +€235,250 | +41.3% |
| Goods purchased for resale | 34 | €569,000 | - | -€569,000 | |
| Amounts receivable within one year | 40/41 | €50,142 | €259,656 | +€209,515 | +418% |
| Trade receivables | 40 | €45,234 | €132,924 | +€87,690 | +194% |
| Other amounts receivable | 41 | €4,908 | €126,733 | +€121,825 | +2,482% |
| Cash at bank and in hand | 54/58 | €31,126 | €207,111 | +€175,985 | +565% |
| Deferred charges and accrued income | 490/1 | €59,409 | €21,413 | -€37,996 | -64.0% |
| Total equity and liabilities | 10/49 | €1,365,215 | €4,358,549 | +€3.0m | +219% |
| Equity | 10/15 | €39,188 | -€221,767 | -€260,955 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €37,188 | €0 | -€37,188 | -100% |
| Distributable reserves | 133 | €37,188 | €0 | -€37,188 | -100% |
| Profit (loss) carried forward | 14 | - | -€223,767 | -€223,767 | |
| Amounts payable | 17/49 | €1,326,027 | €4,580,316 | +€3.3m | +245% |
| Amounts payable after more than one year | 17 | €420,000 | €3,825,000 | +€3.4m | +811% |
| Financial debts | 170/4 | €420,000 | €3,825,000 | +€3.4m | +811% |
| Other loans | 174 | €420,000 | - | -€420,000 | |
| Amounts payable within one year | 42/48 | €852,406 | €738,248 | -€114,158 | -13.4% |
| Trade debts | 44 | €35,255 | €78,054 | +€42,799 | +121% |
| Suppliers | 440/4 | €35,255 | €78,054 | +€42,799 | +121% |
| Taxes, remuneration and social security | 45 | €1,769 | €18,505 | +€16,736 | +946% |
| Taxes | 450/3 | €269 | €6,081 | +€5,812 | +2,158% |
| Remuneration and social security | 454/9 | €1,500 | €12,424 | +€10,924 | +728% |
| Other amounts payable | 47/48 | €815,382 | €641,689 | -€173,693 | -21.3% |
| Accrued charges and deferred income | 492/3 | €53,621 | €17,068 | -€36,554 | -68.2% |
| Operating income | 70/76A | €494,428 | - | -€494,428 | |
| Turnover | 70 | €455,813 | - | -€455,813 | |
| Other operating income | 74 | €33,945 | - | -€33,945 | |
| Non-recurring operating income | 76A | €4,670 | €9,091 | +€4,421 | +94.7% |
| Operating charges | 60/66A | €487,227 | - | -€487,227 | |
| Goods for resale, raw materials and consumables | 60 | €10,469 | - | -€10,469 | |
| Purchases | 600/8 | €370,219 | - | -€370,219 | |
| Change in stocks: decrease (increase) | 609 | -€359,750 | - | +€359,750 | |
| Services and other goods | 61 | €355,170 | - | -€355,170 | |
| Remuneration, social security and pensions | 62 | - | €84,394 | +€84,394 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,911 | €328,675 | +€260,764 | +384% |
| Other operating charges | 640/8 | €14,706 | €77,664 | +€62,958 | +428% |
| Non-recurring operating charges | 66A | €38,971 | €0 | -€38,971 | -100% |
| Gross operating margin | 9900 | - | €233,235 | +€233,235 | |
| Operating profit (loss) | 9901 | €7,201 | -€257,497 | -€264,698 | |
| Financial income | 75/76B | €695 | €328 | -€367 | -52.8% |
| Recurring financial income | 75 | €695 | €328 | -€367 | -52.8% |
| Other financial income | 752/9 | €695 | - | -€695 | |
| Financial charges | 65/66B | €3,146 | €1,972 | -€1,174 | -37.3% |
| Recurring financial charges | 65 | €3,146 | €1,972 | -€1,174 | -37.3% |
| Debt charges | 650 | €3,095 | - | -€3,095 | |
| Other financial charges | 652/9 | €51 | - | -€51 | |
| Profit (loss) for the period before taxes | 9903 | €4,750 | -€259,141 | -€263,891 | |
| Income taxes | 67/77 | €128 | €1,814 | +€1,686 | +1,317% |
| Taxes | 670/3 | €269 | - | -€269 | |
| Tax adjustments and reversals of tax provisions | 77 | €141 | - | -€141 | |
| Profit (loss) for the period | 9904 | €4,622 | -€260,955 | -€265,577 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,622 | -€260,955 | -€265,577 |
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 29 October 2026 via checked.be.