KR MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year +€18,621
up €18,621 (+47.6%), from €39,101 to €57,722
of which Other amounts receivable: +€22,001
- Cash -€10,362
down €10,362 (-42.6%), from €24,328 to €13,966
mainly Receivables within one year (-€18,621) and Advances received (-€12,282)
- Profit (loss) carried forward +€22,808
up €22,808 (+38.0%), from €60,028 to €82,835
- Advances received -€12,282
no longer reported in 2025 (was €12,282)
- Debts after one year -€10,401
down €10,401 (-46.8%), from €22,209 to €11,809
- Tax, wage and social debts +€6,022
up €6,022 (+92.0%), from €6,544 to €12,566
- Gross operating margin +€16,592
up €16,592 (+100.8%), from €16,459 to €33,050
- Taxes +€5,567
up €5,567 (+210.9%), from €2,640 to €8,206
- Financial charges -€977
down €977 (-41.6%), from €2,348 to €1,371
- Other operating charges -€860
down €860 (-79.6%), from €1,080 to €220
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.
Cash bridge derived
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 | €119,241 | €126,302 | +€7,061 | +5.9% |
| Fixed assets | 21/28 | €55,060 | €53,912 | -€1,148 | -2.1% |
| Tangible fixed assets | 22/27 | €5,060 | €3,912 | -€1,148 | -22.7% |
| Furniture and vehicles | 24 | €5,060 | €3,912 | -€1,148 | -22.7% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €64,181 | €72,390 | +€8,209 | +12.8% |
| Amounts receivable within one year | 40/41 | €39,101 | €57,722 | +€18,621 | +47.6% |
| Trade receivables | 40 | €4,311 | €931 | -€3,380 | -78.4% |
| Other amounts receivable | 41 | €34,790 | €56,791 | +€22,001 | +63.2% |
| Cash at bank and in hand | 54/58 | €24,328 | €13,966 | -€10,362 | -42.6% |
| Deferred charges and accrued income | 490/1 | €752 | €702 | -€50 | -6.7% |
| Total equity and liabilities | 10/49 | €119,241 | €126,302 | +€7,061 | +5.9% |
| Equity | 10/15 | €64,028 | €86,835 | +€22,808 | +35.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,028 | €82,835 | +€22,808 | +38.0% |
| Amounts payable | 17/49 | €55,213 | €39,466 | -€15,747 | -28.5% |
| Amounts payable after more than one year | 17 | €22,209 | €11,809 | -€10,401 | -46.8% |
| Financial debts | 170/4 | €22,209 | €11,809 | -€10,401 | -46.8% |
| Amounts payable within one year | 42/48 | €33,004 | €27,658 | -€5,346 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €9,943 | €10,401 | +€458 | +4.6% |
| Trade debts | 44 | €4,236 | €4,691 | +€456 | +10.8% |
| Suppliers | 440/4 | €4,236 | €4,691 | +€456 | +10.8% |
| Advances received on contracts in progress | 46 | €12,282 | - | -€12,282 | |
| Taxes, remuneration and social security | 45 | €6,544 | €12,566 | +€6,022 | +92.0% |
| Taxes | 450/3 | €6,544 | €12,566 | +€6,022 | +92.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €887 | €1,148 | +€260 | +29.3% |
| Other operating charges | 640/8 | €1,080 | €220 | -€860 | -79.6% |
| Gross operating margin | 9900 | €16,459 | €33,050 | +€16,592 | +100.8% |
| Operating profit (loss) | 9901 | €14,491 | €31,682 | +€17,192 | +118.6% |
| Financial income | 75/76B | €752 | €702 | -€50 | -6.7% |
| Recurring financial income | 75 | €752 | €702 | -€50 | -6.7% |
| Financial charges | 65/66B | €2,348 | €1,371 | -€977 | -41.6% |
| Recurring financial charges | 65 | €2,348 | €1,371 | -€977 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €12,895 | €31,014 | +€18,119 | +140.5% |
| Income taxes | 67/77 | €2,640 | €8,206 | +€5,567 | +210.9% |
| Profit (loss) for the period | 9904 | €10,256 | €22,808 | +€12,552 | +122.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,256 | €22,808 | +€12,552 | +122.4% |
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 9 October 2026 via checked.be.