KRA 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.
KRA MANAGEMENT
Largest movements
- Cash -€43,746
down €43,746 (-37.3%), from €117,364 to €73,617
mainly Contributions, distributions and other (-€79,954) and Other debts (-€32,642)
- Receivables within one year +€4,209
up €4,209 (+13.4%), from €31,520 to €35,730
of which Trade receivables: +€4,269
- Other debts -€32,642
down €32,642 (-27.3%), from €119,707 to €87,066
- Tax, wage and social debts -€4,702
down €4,702 (-16.4%), from €28,700 to €23,997
- Gross operating margin +€33,521
up €33,521 (+44.9%), from €74,678 to €108,199
- Taxes +€6,327
up €6,327 (+39.6%), from €15,995 to €22,322
- Other operating charges -€1,111
down €1,111 (-46.3%), from €2,399 to €1,288
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 | €172,457 | €134,597 | -€37,860 | -22.0% |
| Fixed assets | 21/28 | €23,062 | €24,698 | +€1,636 | +7.1% |
| Tangible fixed assets | 22/27 | €23,062 | €24,698 | +€1,636 | +7.1% |
| Furniture and vehicles | 24 | €3,284 | €7,595 | +€4,311 | +131% |
| Other tangible fixed assets | 26 | €19,777 | €17,103 | -€2,675 | -13.5% |
| Current assets | 29/58 | €149,396 | €109,899 | -€39,497 | -26.4% |
| Amounts receivable within one year | 40/41 | €31,520 | €35,730 | +€4,209 | +13.4% |
| Trade receivables | 40 | €16,776 | €21,045 | +€4,269 | +25.4% |
| Other amounts receivable | 41 | €14,744 | €14,685 | -€59 | -0.4% |
| Cash at bank and in hand | 54/58 | €117,364 | €73,617 | -€43,746 | -37.3% |
| Deferred charges and accrued income | 490/1 | €511 | €552 | +€41 | +7.9% |
| Total equity and liabilities | 10/49 | €172,457 | €134,597 | -€37,860 | -22.0% |
| Equity | 10/15 | €22,000 | €22,000 | = | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €0 | -€2,000 | -100% |
| Reserves not available under the articles | 1311 | €2,000 | €0 | -€2,000 | -100% |
| Distributable reserves | 133 | €0 | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €150,457 | €112,597 | -€37,860 | -25.2% |
| Amounts payable within one year | 42/48 | €150,457 | €112,597 | -€37,860 | -25.2% |
| Trade debts | 44 | €2,050 | €1,534 | -€516 | -25.2% |
| Suppliers | 440/4 | €2,050 | €1,534 | -€516 | -25.2% |
| Taxes, remuneration and social security | 45 | €28,700 | €23,997 | -€4,702 | -16.4% |
| Taxes | 450/3 | €28,700 | €23,997 | -€4,702 | -16.4% |
| Other amounts payable | 47/48 | €119,707 | €87,066 | -€32,642 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,782 | €4,285 | +€503 | +13.3% |
| Other operating charges | 640/8 | €2,399 | €1,288 | -€1,111 | -46.3% |
| Gross operating margin | 9900 | €74,678 | €108,199 | +€33,521 | +44.9% |
| Operating profit (loss) | 9901 | €68,497 | €102,626 | +€34,130 | +49.8% |
| Financial income | 75/76B | €504 | €565 | +€61 | +12.0% |
| Recurring financial income | 75 | €504 | €565 | +€61 | +12.0% |
| Financial charges | 65/66B | €621 | €915 | +€294 | +47.4% |
| Recurring financial charges | 65 | €621 | €915 | +€294 | +47.4% |
| Profit (loss) for the period before taxes | 9903 | €68,380 | €102,276 | +€33,896 | +49.6% |
| Income taxes | 67/77 | €15,995 | €22,322 | +€6,327 | +39.6% |
| Profit (loss) for the period | 9904 | €52,385 | €79,954 | +€27,569 | +52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,385 | €79,954 | +€27,569 | +52.6% |
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 23 October 2026 via checked.be.