Dr. Kris Carron: 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.
Dr. Kris Carron
Largest movements
- Current investments -€102,000
down €102,000 (-18.1%), from €564,341 to €462,340
- Cash +€53,649
up €53,649 (+41.1%), from €130,629 to €184,277
mainly Net result for the year (+€185,864) and Current investments (+€102,000)
- Other debts -€197,917
down €197,917 (-40.7%), from €486,226 to €288,309
- Reserves +€89,684
up €89,684 (+11.0%), from €811,796 to €901,480
of which Distributable reserves: +€89,684
- Accrued charges and deferred income +€32,854
up €32,854 (+24.3%), from €135,441 to €168,295
- Tax, wage and social debts +€16,967
up €16,967 (+257%), from €6,600 to €23,567
- Gross operating margin +€69,314
up €69,314 (+26.2%), from €264,843 to €334,158
- Taxes +€23,256
up €23,256 (+39.5%), from €58,942 to €82,198
- Financial charges -€4,082
down €4,082 (-16.0%), from €25,512 to €21,431
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 | €1,465,201 | €1,403,964 | -€61,237 | -4.2% |
| Fixed assets | 21/28 | €446,473 | €450,148 | +€3,676 | +0.8% |
| Tangible fixed assets | 22/27 | €446,323 | €449,998 | +€3,676 | +0.8% |
| Land and buildings | 22 | €430,816 | €392,276 | -€38,540 | -8.9% |
| Plant, machinery and equipment | 23 | €13,484 | €56,320 | +€42,835 | +318% |
| Furniture and vehicles | 24 | €2,022 | €1,403 | -€620 | -30.6% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €1,018,729 | €953,816 | -€64,912 | -6.4% |
| Amounts receivable within one year | 40/41 | €22,553 | €11,442 | -€11,111 | -49.3% |
| Other amounts receivable | 41 | €22,553 | €11,442 | -€11,111 | -49.3% |
| Current investments | 50/53 | €564,341 | €462,340 | -€102,000 | -18.1% |
| Cash at bank and in hand | 54/58 | €130,629 | €184,277 | +€53,649 | +41.1% |
| Deferred charges and accrued income | 490/1 | €301,206 | €295,757 | -€5,450 | -1.8% |
| Total equity and liabilities | 10/49 | €1,465,201 | €1,403,964 | -€61,237 | -4.2% |
| Equity | 10/15 | €831,796 | €921,480 | +€89,684 | +10.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €811,796 | €901,480 | +€89,684 | +11.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €811,796 | €901,480 | +€89,684 | +11.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €633,405 | €482,485 | -€150,921 | -23.8% |
| Amounts payable within one year | 42/48 | €497,964 | €314,189 | -€183,774 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €5,138 | €2,313 | -€2,825 | -55.0% |
| Suppliers | 440/4 | €5,138 | €2,313 | -€2,825 | -55.0% |
| Taxes, remuneration and social security | 45 | €6,600 | €23,567 | +€16,967 | +257% |
| Taxes | 450/3 | €6,600 | €23,567 | +€16,967 | +257% |
| Other amounts payable | 47/48 | €486,226 | €288,309 | -€197,917 | -40.7% |
| Accrued charges and deferred income | 492/3 | €135,441 | €168,295 | +€32,854 | +24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,030 | €44,665 | -€2,365 | -5.0% |
| Other operating charges | 640/8 | €4,760 | €3,836 | -€924 | -19.4% |
| Gross operating margin | 9900 | €264,843 | €334,158 | +€69,314 | +26.2% |
| Operating profit (loss) | 9901 | €213,054 | €285,658 | +€72,604 | +34.1% |
| Financial income | 75/76B | €2,558 | €3,835 | +€1,277 | +49.9% |
| Recurring financial income | 75 | €2,558 | €3,835 | +€1,277 | +49.9% |
| Financial charges | 65/66B | €25,512 | €21,431 | -€4,082 | -16.0% |
| Recurring financial charges | 65 | €25,512 | €21,431 | -€4,082 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €190,099 | €268,062 | +€77,962 | +41.0% |
| Income taxes | 67/77 | €58,942 | €82,198 | +€23,256 | +39.5% |
| Profit (loss) for the period | 9904 | €131,158 | €185,864 | +€54,706 | +41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €131,158 | €185,864 | +€54,706 | +41.7% |
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.