KR_ï_EF: 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.
KR_ï_EF
Largest movements
- Stocks and contracts -€1.1m
down €1.1m (-88.8%), from €1.2m to €136,075
of which Contracts in progress: -€1.0m
- Short-term financial debts -€660,322
down €660,322 (-87.5%), from €755,000 to €94,678
- Trade debts -€649,012
down €649,012 (-99.7%), from €650,995 to €1,983
- Debts after one year +€435,000
up €435,000 (+55.3%), from €786,760 to €1.2m
of which Financial debts: +€435,000
- Profit (loss) carried forward -€209,543
down €209,543 (-19.3%), from -€1.1m to -€1.3m
- Gross operating margin -€255,317
down €255,317, from €60,652 to -€194,664
- Financial charges -€45,208
down €45,208 (-67.5%), from €66,970 to €21,762
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 | €1,623,116 | €550,250 | -€1.1m | -66.1% |
| Current assets | 29/58 | €1,623,116 | €550,250 | -€1.1m | -66.1% |
| Stocks and contracts in progress | 3 | €1,213,623 | €136,075 | -€1.1m | -88.8% |
| Stocks | 30/36 | €66,073 | €0 | -€66,073 | -100% |
| Contracts in progress | 37 | €1,147,550 | €136,075 | -€1.0m | -88.1% |
| Amounts receivable within one year | 40/41 | €408,619 | €408,647 | +€27 | 0.0% |
| Trade receivables | 40 | €249,298 | €295,978 | +€46,680 | +18.7% |
| Other amounts receivable | 41 | €159,321 | €112,668 | -€46,653 | -29.3% |
| Cash at bank and in hand | 54/58 | €44 | €126 | +€82 | +188% |
| Deferred charges and accrued income | 490/1 | €830 | €5,403 | +€4,573 | +551% |
| Total equity and liabilities | 10/49 | €1,623,116 | €550,250 | -€1.1m | -66.1% |
| Equity | 10/15 | -€659,431 | -€868,974 | -€209,543 | -31.8% |
| Contributions | 10/11 | €373,600 | €373,600 | = | 0.0% |
| Reserves | 13 | €51,641 | €51,641 | = | 0.0% |
| Distributable reserves | 133 | €51,641 | €51,641 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,084,672 | -€1,294,215 | -€209,543 | -19.3% |
| Amounts payable | 17/49 | €2,282,547 | €1,419,224 | -€863,323 | -37.8% |
| Amounts payable after more than one year | 17 | €786,760 | €1,221,760 | +€435,000 | +55.3% |
| Financial debts | 170/4 | - | €435,000 | +€435,000 | |
| Other amounts payable | 178/9 | €786,760 | €786,760 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,495,787 | €197,317 | -€1.3m | -86.8% |
| Financial debts | 43 | €755,000 | €94,678 | -€660,322 | -87.5% |
| Credit institutions | 430/8 | €755,000 | €94,678 | -€660,322 | -87.5% |
| Trade debts | 44 | €650,995 | €1,983 | -€649,012 | -99.7% |
| Suppliers | 440/4 | €650,995 | €1,983 | -€649,012 | -99.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,846 | €509 | -€2,338 | -82.1% |
| Taxes | 450/3 | €2,846 | €509 | -€2,338 | -82.1% |
| Other amounts payable | 47/48 | €86,946 | €100,148 | +€13,202 | +15.2% |
| Accrued charges and deferred income | 492/3 | - | €147 | +€147 | |
| Other operating charges | 640/8 | €1,101 | €1,112 | +€11 | +1.0% |
| Gross operating margin | 9900 | €60,652 | -€194,664 | -€255,317 | |
| Operating profit (loss) | 9901 | €59,551 | -€195,776 | -€255,327 | |
| Financial income | 75/76B | €7,903 | €7,995 | +€92 | +1.2% |
| Recurring financial income | 75 | €7,903 | €7,995 | +€92 | +1.2% |
| Financial charges | 65/66B | €66,970 | €21,762 | -€45,208 | -67.5% |
| Recurring financial charges | 65 | €66,970 | €21,762 | -€45,208 | -67.5% |
| Profit (loss) for the period before taxes | 9903 | €485 | -€209,543 | -€210,027 | |
| Profit (loss) for the period | 9904 | €485 | -€209,543 | -€210,027 | |
| Profit (loss) for the period to be appropriated | 9905 | €485 | -€209,543 | -€210,027 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.