Ingo Krikilion: 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.
Ingo Krikilion
Largest movements
- Tangible fixed assets +€66,659
up €66,659 (+27.2%), from €245,405 to €312,064
of which Plant, machinery and equipment: +€85,986
- Receivables within one year +€17,448
up €17,448 (+11.4%), from €152,809 to €170,257
of which Other amounts receivable: +€15,485
- Deferred charges and accrued income +€6,486
up €6,486 (+311%), from €2,084 to €8,571
- Debts after one year +€58,637
new in 2025: €58,637
- Tax, wage and social debts -€33,868
down €33,868 (-88.6%), from €38,225 to €4,357
- Current portion of long-term debt +€25,690
up €25,690 (+268%), from €9,596 to €35,287
- Trade debts +€17,005
up €17,005 (+49.0%), from €34,718 to €51,722
- Short-term financial debts +€9,380
up €9,380 (+39.2%), from €23,950 to €33,330
of which Credit institutions: +€6,000
- Gross operating margin -€22,806
down €22,806 (-27.0%), from €84,470 to €61,664
- Depreciation +€13,086
up €13,086 (+35.7%), from €36,636 to €49,722
- Taxes -€12,658
down €12,658 (-94.7%), from €13,363 to €704
- Financial charges -€944
down €944 (-16.4%), from €5,751 to €4,807
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 | €405,487 | €494,851 | +€89,364 | +22.0% |
| Fixed assets | 21/28 | €247,905 | €314,564 | +€66,659 | +26.9% |
| Tangible fixed assets | 22/27 | €245,405 | €312,064 | +€66,659 | +27.2% |
| Land and buildings | 22 | €144,767 | €133,586 | -€11,180 | -7.7% |
| Plant, machinery and equipment | 23 | €85,845 | €171,831 | +€85,986 | +100% |
| Furniture and vehicles | 24 | €14,794 | €6,647 | -€8,147 | -55.1% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €157,582 | €180,286 | +€22,705 | +14.4% |
| Amounts receivable within one year | 40/41 | €152,809 | €170,257 | +€17,448 | +11.4% |
| Trade receivables | 40 | €3,124 | €5,087 | +€1,963 | +62.8% |
| Other amounts receivable | 41 | €149,685 | €165,170 | +€15,485 | +10.3% |
| Cash at bank and in hand | 54/58 | €2,689 | €1,459 | -€1,230 | -45.7% |
| Deferred charges and accrued income | 490/1 | €2,084 | €8,571 | +€6,486 | +311% |
| Total equity and liabilities | 10/49 | €405,487 | €494,851 | +€89,364 | +22.0% |
| Equity | 10/15 | €175,417 | €180,418 | +€5,002 | +2.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €163,017 | €163,017 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €161,157 | €161,157 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €5,002 | +€5,002 | |
| Amounts payable | 17/49 | €230,070 | €314,432 | +€84,362 | +36.7% |
| Amounts payable after more than one year | 17 | - | €58,637 | +€58,637 | |
| Financial debts | 170/4 | - | €58,637 | +€58,637 | |
| Amounts payable within one year | 42/48 | €230,070 | €255,795 | +€25,725 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €9,596 | €35,287 | +€25,690 | +268% |
| Financial debts | 43 | €23,950 | €33,330 | +€9,380 | +39.2% |
| Credit institutions | 430/8 | €23,950 | €29,950 | +€6,000 | +25.1% |
| Other loans | 439 | - | €3,380 | +€3,380 | |
| Trade debts | 44 | €34,718 | €51,722 | +€17,005 | +49.0% |
| Suppliers | 440/4 | €34,718 | €51,722 | +€17,005 | +49.0% |
| Taxes, remuneration and social security | 45 | €38,225 | €4,357 | -€33,868 | -88.6% |
| Taxes | 450/3 | €38,225 | €4,357 | -€33,868 | -88.6% |
| Other amounts payable | 47/48 | €123,582 | €131,099 | +€7,517 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,636 | €49,722 | +€13,086 | +35.7% |
| Other operating charges | 640/8 | €1,179 | €1,467 | +€288 | +24.4% |
| Gross operating margin | 9900 | €84,470 | €61,664 | -€22,806 | -27.0% |
| Operating profit (loss) | 9901 | €46,656 | €10,476 | -€36,180 | -77.5% |
| Financial income | 75/76B | €2 | €37 | +€36 | +2,166% |
| Recurring financial income | 75 | €2 | €37 | +€36 | +2,166% |
| Financial charges | 65/66B | €5,751 | €4,807 | -€944 | -16.4% |
| Recurring financial charges | 65 | €5,751 | €4,807 | -€944 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €40,906 | €5,706 | -€35,200 | -86.1% |
| Income taxes | 67/77 | €13,363 | €704 | -€12,658 | -94.7% |
| Profit (loss) for the period | 9904 | €27,543 | €5,002 | -€22,542 | -81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,543 | €5,002 | -€22,542 | -81.8% |
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 1 November 2026 via checked.be.