DW KRUISHOUTEM: what changed
What changed
DW KRUISHOUTEM
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€351,812
2024 · €277,003+€74,809
Equity
€1.5m
2024 · €2.1m-€641,053
Cash
€9,078
2024 · €23,271-€14,193
Balance sheet total
€1.7m
2024 · €2.4m-€723,237
Largest movements
Assets
- Receivables within one year -€502,364
down €502,364 (-52.7%), from €953,224 to €450,860
of which Other amounts receivable: -€306,096
- Current investments -€177,049
down €177,049 (-42.2%), from €419,151 to €242,102
- Tangible fixed assets -€43,931
down €43,931 (-7.6%), from €576,565 to €532,634
of which Furniture and vehicles: -€44,730
Equity and liabilities
- Reserves -€641,053
down €641,053 (-30.9%), from €2.1m to €1.4m
of which Distributable reserves: -€641,053
- Other debts -€43,712
down €43,712 (-99.9%), from €43,756 to €45
- Tax, wage and social debts -€25,506
down €25,506 (-19.4%), from €131,552 to €106,046
of which Taxes: -€25,535
Income statement
- Financial income +€148,811
up €148,811 (+274%), from €54,362 to €203,172
- Gross operating margin -€36,655
down €36,655 (-7.8%), from €469,245 to €432,590
- Taxes +€35,159
up €35,159 (+24.1%), from €146,036 to €181,195
- Depreciation +€17,150
up €17,150 (+31.3%), from €54,806 to €71,956
- Financial charges -€15,600
down €15,600 (-37.8%), from €41,274 to €25,674
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€277,003
Gross operating margin
-€36,655
Depreciation
-€17,150
Other operating charges
-€637
Financial income
+€148,811
Financial charges
+€15,600
Taxes
-€35,159
Result 2025
€351,812
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€829,811
Investment
+€149,024
Financing
-€993,028
Cash 2024
€23,271
From operations (derived)
+€829,811
Net result for the year
+€351,812
Depreciation
+€71,956
Receivables within one year
+€502,364
Deferred charges and accrued income
-€14,300
Trade debts
-€11,325
Tax, wage and social debts
-€25,506
Other debts
-€43,712
Accrued charges and deferred income
-€1,479
Investment (derived)
+€149,024
Investment in fixed assets (net)
-€28,025
Current investments
+€177,049
Financing
-€993,028
Short-term financial debts
-€164
Contributions, distributions and other
-€992,864
Cash 2025
€9,078
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,375,524 | €1,652,287 | -€723,237 | -30.4% |
| Fixed assets | 21/28 | €976,565 | €932,634 | -€43,931 | -4.5% |
| Tangible fixed assets | 22/27 | €576,565 | €532,634 | -€43,931 | -7.6% |
| Plant, machinery and equipment | 23 | €3,112 | €2,485 | -€627 | -20.2% |
| Furniture and vehicles | 24 | €183,161 | €138,431 | -€44,730 | -24.4% |
| Other tangible fixed assets | 26 | €390,292 | €391,719 | +€1,426 | +0.4% |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €1,398,959 | €719,653 | -€679,306 | -48.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €953,224 | €450,860 | -€502,364 | -52.7% |
| Trade receivables | 40 | €266,851 | €70,583 | -€196,268 | -73.5% |
| Other amounts receivable | 41 | €686,373 | €380,277 | -€306,096 | -44.6% |
| Current investments | 50/53 | €419,151 | €242,102 | -€177,049 | -42.2% |
| Cash at bank and in hand | 54/58 | €23,271 | €9,078 | -€14,193 | -61.0% |
| Deferred charges and accrued income | 490/1 | €3,313 | €17,614 | +€14,300 | +432% |
| Total equity and liabilities | 10/49 | €2,375,524 | €1,652,287 | -€723,237 | -30.4% |
| Equity | 10/15 | €2,134,103 | €1,493,051 | -€641,053 | -30.0% |
| Contributions | 10/11 | €62,120 | €62,120 | = | 0.0% |
| Capital | 10 | €62,120 | €62,120 | = | 0.0% |
| Issued capital | 100 | €62,120 | €62,120 | = | 0.0% |
| Reserves | 13 | €2,071,983 | €1,430,931 | -€641,053 | -30.9% |
| Non-distributable reserves | 130/1 | €6,212 | €6,212 | = | 0.0% |
| Legal reserve | 130 | €6,212 | €6,212 | = | 0.0% |
| Distributable reserves | 133 | €2,065,771 | €1,424,719 | -€641,053 | -31.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €241,421 | €159,236 | -€82,185 | -34.0% |
| Amounts payable within one year | 42/48 | €239,942 | €159,236 | -€80,706 | -33.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €30,630 | €30,466 | -€164 | -0.5% |
| Credit institutions | 430/8 | €30,630 | €30,466 | -€164 | -0.5% |
| Trade debts | 44 | €34,004 | €22,679 | -€11,325 | -33.3% |
| Suppliers | 440/4 | €34,004 | €22,679 | -€11,325 | -33.3% |
| Taxes, remuneration and social security | 45 | €131,552 | €106,046 | -€25,506 | -19.4% |
| Taxes | 450/3 | €128,224 | €102,689 | -€25,535 | -19.9% |
| Remuneration and social security | 454/9 | €3,328 | €3,357 | +€29 | +0.9% |
| Other amounts payable | 47/48 | €43,756 | €45 | -€43,712 | -99.9% |
| Accrued charges and deferred income | 492/3 | €1,479 | €0 | -€1,479 | -100% |
| Non-recurring operating income | 76A | €30,600 | €0 | -€30,600 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,806 | €71,956 | +€17,150 | +31.3% |
| Other operating charges | 640/8 | €4,488 | €5,125 | +€637 | +14.2% |
| Gross operating margin | 9900 | €469,245 | €432,590 | -€36,655 | -7.8% |
| Operating profit (loss) | 9901 | €409,952 | €355,509 | -€54,442 | -13.3% |
| Financial income | 75/76B | €54,362 | €203,172 | +€148,811 | +274% |
| Recurring financial income | 75 | €54,362 | €203,172 | +€148,811 | +274% |
| Financial charges | 65/66B | €41,274 | €25,674 | -€15,600 | -37.8% |
| Recurring financial charges | 65 | €41,274 | €25,674 | -€15,600 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €423,039 | €533,007 | +€109,969 | +26.0% |
| Income taxes | 67/77 | €146,036 | €181,195 | +€35,159 | +24.1% |
| Profit (loss) for the period | 9904 | €277,003 | €351,812 | +€74,809 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €277,003 | €351,812 | +€74,809 | +27.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.