DE KRIEZELHOEVE: 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 KRIEZELHOEVE
Largest movements
- Tangible fixed assets +€266,087
up €266,087 (+35.0%), from €761,000 to €1.0m
of which Land and buildings: +€194,807
- Cash +€109,387
up €109,387 (+116%), from €94,422 to €203,809
mainly Debts after one year (+€126,219) and Depreciation (+€119,540)
- Stocks and contracts -€65,045
down €65,045 (-16.0%), from €405,832 to €340,787
- Receivables within one year +€29,049
up €29,049 (+29.9%), from €97,152 to €126,201
of which Other amounts receivable: +€21,706
- Debts after one year +€126,219
up €126,219 (+29.7%), from €424,564 to €550,783
- Reserves +€117,977
up €117,977 (+28.7%), from €410,982 to €528,959
- Trade debts +€71,799
up €71,799 (+143%), from €50,251 to €122,049
- Current portion of long-term debt +€20,250
up €20,250 (+44.1%), from €45,906 to €66,156
- Gross operating margin +€134,020
up €134,020 (+75.1%), from €178,465 to €312,485
- Taxes +€28,275
up €28,275 (+174%), from €16,209 to €44,485
- Depreciation +€26,881
up €26,881 (+29.0%), from €92,660 to €119,540
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 | €1,378,332 | €1,714,011 | +€335,679 | +24.4% |
| Fixed assets | 21/28 | €762,367 | €1,029,127 | +€266,760 | +35.0% |
| Intangible fixed assets | 21 | €1,367 | €622 | -€745 | -54.5% |
| Tangible fixed assets | 22/27 | €761,000 | €1,027,087 | +€266,087 | +35.0% |
| Land and buildings | 22 | €520,454 | €715,261 | +€194,807 | +37.4% |
| Plant, machinery and equipment | 23 | €212,335 | €293,222 | +€80,887 | +38.1% |
| Furniture and vehicles | 24 | €28,211 | €18,603 | -€9,607 | -34.1% |
| Financial fixed assets | 28 | - | €1,418 | +€1,418 | |
| Current assets | 29/58 | €615,965 | €684,883 | +€68,918 | +11.2% |
| Stocks and contracts in progress | 3 | €405,832 | €340,787 | -€65,045 | -16.0% |
| Stocks | 30/36 | €405,832 | €340,787 | -€65,045 | -16.0% |
| Amounts receivable within one year | 40/41 | €97,152 | €126,201 | +€29,049 | +29.9% |
| Trade receivables | 40 | €87,075 | €94,418 | +€7,343 | +8.4% |
| Other amounts receivable | 41 | €10,077 | €31,783 | +€21,706 | +215% |
| Cash at bank and in hand | 54/58 | €94,422 | €203,809 | +€109,387 | +116% |
| Deferred charges and accrued income | 490/1 | €18,559 | €14,087 | -€4,472 | -24.1% |
| Total equity and liabilities | 10/49 | €1,378,332 | €1,714,011 | +€335,679 | +24.4% |
| Equity | 10/15 | €755,982 | €873,959 | +€117,977 | +15.6% |
| Contributions | 10/11 | €345,000 | €345,000 | = | 0.0% |
| Reserves | 13 | €410,982 | €528,959 | +€117,977 | +28.7% |
| Distributable reserves | 133 | €410,982 | €528,959 | +€117,977 | +28.7% |
| Amounts payable | 17/49 | €622,350 | €840,052 | +€217,701 | +35.0% |
| Amounts payable after more than one year | 17 | €424,564 | €550,783 | +€126,219 | +29.7% |
| Financial debts | 170/4 | €424,564 | €550,783 | +€126,219 | +29.7% |
| Amounts payable within one year | 42/48 | €196,895 | €289,269 | +€92,373 | +46.9% |
| Current portion of amounts payable after more than one year | 42 | €45,906 | €66,156 | +€20,250 | +44.1% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €50,251 | €122,049 | +€71,799 | +143% |
| Suppliers | 440/4 | €50,251 | €122,049 | +€71,799 | +143% |
| Taxes, remuneration and social security | 45 | €13 | €260 | +€247 | +1,912% |
| Taxes | 450/3 | €13 | €260 | +€247 | +1,912% |
| Other amounts payable | 47/48 | €726 | €803 | +€77 | +10.6% |
| Accrued charges and deferred income | 492/3 | €891 | €0 | -€891 | -100% |
| Non-recurring operating income | 76A | €0 | €3,775 | +€3,775 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,660 | €119,540 | +€26,881 | +29.0% |
| Other operating charges | 640/8 | €5,792 | €5,307 | -€485 | -8.4% |
| Non-recurring operating charges | 66A | - | €8,310 | +€8,310 | |
| Gross operating margin | 9900 | €178,465 | €312,485 | +€134,020 | +75.1% |
| Operating profit (loss) | 9901 | €80,014 | €179,328 | +€99,314 | +124% |
| Financial income | 75/76B | €1,248 | €114 | -€1,134 | -90.9% |
| Recurring financial income | 75 | €1,248 | €114 | -€1,134 | -90.9% |
| Financial charges | 65/66B | €15,377 | €16,980 | +€1,602 | +10.4% |
| Recurring financial charges | 65 | €15,377 | €16,980 | +€1,602 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €65,884 | €162,462 | +€96,578 | +147% |
| Income taxes | 67/77 | €16,209 | €44,485 | +€28,275 | +174% |
| Profit (loss) for the period | 9904 | €49,675 | €117,977 | +€68,303 | +137% |
| Profit (loss) for the period to be appropriated | 9905 | €49,675 | €117,977 | +€68,303 | +137% |
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 18 October 2026 via checked.be.