KR Management: what changed
Two fiscal 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 +€6,946
up €6,946 (+44.9%), from €15,476 to €22,422
of which Trade receivables: +€14,456
- Cash +€2,528
up €2,528 (+1046.0%), from €242 to €2,769
mainly Current portion of long-term debt (+€20,461) and Debts after one year (+€2,660)
- Deferred charges and accrued income -€659
down €659 (-11.6%), from €5,662 to €5,003
- Current portion of long-term debt +€20,461
up €20,461 (+543.2%), from €3,767 to €24,227
- Profit (loss) carried forward -€11,502
down €11,502 (-86.6%), from -€13,281 to -€24,783
- Trade debts -€2,911
down €2,911 (-20.6%), from €14,119 to €11,207
- Debts after one year +€2,660
up €2,660 (+8.1%), from €32,962 to €35,622
of which Other amounts payable: +€8,451
- Other debts +€2,180
up €2,180 (+271.7%), from €802 to €2,982
- Gross operating margin +€8,257
up €8,257 (+70.7%), from -€11,678 to -€3,421
- Other operating charges +€2,315
up €2,315 (+186.6%), from €1,241 to €3,556
- Financial charges +€398
up €398 (+9.4%), from €4,223 to €4,620
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 | €48,597 | €57,412 | +€8,815 | +18.1% |
| Fixed assets | 21/28 | €27,218 | €27,218 | = | 0.0% |
| Financial fixed assets | 28 | €27,218 | €27,218 | = | 0.0% |
| Current assets | 29/58 | €21,379 | €30,194 | +€8,815 | +41.2% |
| Amounts receivable within one year | 40/41 | €15,476 | €22,422 | +€6,946 | +44.9% |
| Trade receivables | 40 | €7,950 | €22,406 | +€14,456 | +181.8% |
| Other amounts receivable | 41 | €7,526 | €16 | -€7,510 | -99.8% |
| Cash at bank and in hand | 54/58 | €242 | €2,769 | +€2,528 | +1046.0% |
| Deferred charges and accrued income | 490/1 | €5,662 | €5,003 | -€659 | -11.6% |
| Total equity and liabilities | 10/49 | €48,597 | €57,412 | +€8,815 | +18.1% |
| Equity | 10/15 | -€10,281 | -€21,783 | -€11,502 | -111.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,281 | -€24,783 | -€11,502 | -86.6% |
| Amounts payable | 17/49 | €58,879 | €79,195 | +€20,317 | +34.5% |
| Amounts payable after more than one year | 17 | €32,962 | €35,622 | +€2,660 | +8.1% |
| Financial debts | 170/4 | €32,962 | €27,171 | -€5,791 | -17.6% |
| Other amounts payable | 178/9 | - | €8,451 | +€8,451 | |
| Amounts payable within one year | 42/48 | €25,916 | €43,574 | +€17,657 | +68.1% |
| Current portion of amounts payable after more than one year | 42 | €3,767 | €24,227 | +€20,461 | +543.2% |
| Trade debts | 44 | €14,119 | €11,207 | -€2,911 | -20.6% |
| Suppliers | 440/4 | €14,119 | €11,207 | -€2,911 | -20.6% |
| Taxes, remuneration and social security | 45 | €7,229 | €5,157 | -€2,072 | -28.7% |
| Taxes | 450/3 | €7,229 | €2,247 | -€4,981 | -68.9% |
| Remuneration and social security | 454/9 | €0 | €2,909 | +€2,909 | |
| Other amounts payable | 47/48 | €802 | €2,982 | +€2,180 | +271.7% |
| Other operating charges | 640/8 | €1,241 | €3,556 | +€2,315 | +186.6% |
| Gross operating margin | 9900 | -€11,678 | -€3,421 | +€8,257 | +70.7% |
| Operating profit (loss) | 9901 | -€12,919 | -€6,977 | +€5,942 | +46.0% |
| Financial income | 75/76B | €264 | €278 | +€15 | +5.6% |
| Recurring financial income | 75 | €264 | €278 | +€15 | +5.6% |
| Financial charges | 65/66B | €4,223 | €4,620 | +€398 | +9.4% |
| Recurring financial charges | 65 | €4,223 | €4,620 | +€398 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,878 | -€11,319 | +€5,559 | +32.9% |
| Income taxes | 67/77 | €195 | €183 | -€12 | -6.3% |
| Profit (loss) for the period | 9904 | -€17,073 | -€11,502 | +€5,571 | +32.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,073 | -€11,502 | +€5,571 | +32.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.