KRAAINEM33: 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.
KRAAINEM33
Largest movements
- Tangible fixed assets +€775,520
up €775,520 (+86.4%), from €897,934 to €1.7m
of which Land and buildings: +€782,635
- Cash +€93,047
up €93,047 (+375%), from €24,791 to €117,838
mainly Debts after one year (+€573,351) and Tax, wage and social debts (+€108,198)
- Debts after one year +€573,351
up €573,351 (+184%), from €311,241 to €884,592
- Tax, wage and social debts +€108,198
up €108,198 (+3,695%), from €2,929 to €111,127
- Trade debts +€63,947
up €63,947 (+781%), from €8,191 to €72,138
- Current portion of long-term debt +€62,553
up €62,553 (+110%), from €57,063 to €119,616
- Reserves +€31,220
up €31,220 (+26.2%), from €119,245 to €150,465
of which Distributable reserves: +€31,220
- Gross operating margin +€82,055
up €82,055 (+176%), from €46,608 to €128,662
- Financial charges +€7,049
up €7,049 (+70.7%), from €9,975 to €17,024
- Other operating charges +€5,796
up €5,796 (+31.9%), from €18,193 to €23,989
- Depreciation -€4,283
down €4,283 (-9.7%), from €43,991 to €39,708
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 | €933,152 | €1,799,976 | +€866,824 | +92.9% |
| Fixed assets | 21/28 | €897,934 | €1,673,454 | +€775,520 | +86.4% |
| Tangible fixed assets | 22/27 | €897,934 | €1,673,454 | +€775,520 | +86.4% |
| Land and buildings | 22 | €867,770 | €1,650,405 | +€782,635 | +90.2% |
| Plant, machinery and equipment | 23 | €21,278 | €18,505 | -€2,772 | -13.0% |
| Furniture and vehicles | 24 | €775 | €0 | -€775 | -100% |
| Other tangible fixed assets | 26 | €8,110 | €4,543 | -€3,567 | -44.0% |
| Current assets | 29/58 | €35,219 | €126,522 | +€91,304 | +259% |
| Amounts receivable within one year | 40/41 | €8,307 | €6,535 | -€1,772 | -21.3% |
| Trade receivables | 40 | €3,307 | €1,535 | -€1,772 | -53.6% |
| Other amounts receivable | 41 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,791 | €117,838 | +€93,047 | +375% |
| Deferred charges and accrued income | 490/1 | €2,121 | €2,149 | +€28 | +1.3% |
| Total equity and liabilities | 10/49 | €933,152 | €1,799,976 | +€866,824 | +92.9% |
| Equity | 10/15 | €552,523 | €600,465 | +€47,942 | +8.7% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €119,245 | €150,465 | +€31,220 | +26.2% |
| Non-distributable reserves | 130/1 | €6,245 | €6,245 | = | 0.0% |
| Other | 1319 | €6,245 | €6,245 | = | 0.0% |
| Distributable reserves | 133 | €113,000 | €144,220 | +€31,220 | +27.6% |
| Profit (loss) carried forward | 14 | -€16,722 | €0 | +€16,722 | |
| Amounts payable | 17/49 | €380,629 | €1,199,511 | +€818,882 | +215% |
| Amounts payable after more than one year | 17 | €311,241 | €884,592 | +€573,351 | +184% |
| Financial debts | 170/4 | €311,241 | €884,592 | +€573,351 | +184% |
| Amounts payable within one year | 42/48 | €69,389 | €313,006 | +€243,618 | +351% |
| Current portion of amounts payable after more than one year | 42 | €57,063 | €119,616 | +€62,553 | +110% |
| Trade debts | 44 | €8,191 | €72,138 | +€63,947 | +781% |
| Suppliers | 440/4 | €8,191 | €72,138 | +€63,947 | +781% |
| Taxes, remuneration and social security | 45 | €2,929 | €111,127 | +€108,198 | +3,695% |
| Taxes | 450/3 | €2,929 | €111,127 | +€108,198 | +3,695% |
| Other amounts payable | 47/48 | €1,206 | €10,125 | +€8,919 | +740% |
| Accrued charges and deferred income | 492/3 | €0 | €1,913 | +€1,913 | |
| Non-recurring operating income | 76A | - | €68,201 | +€68,201 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,991 | €39,708 | -€4,283 | -9.7% |
| Other operating charges | 640/8 | €18,193 | €23,989 | +€5,796 | +31.9% |
| Gross operating margin | 9900 | €46,608 | €128,662 | +€82,055 | +176% |
| Operating profit (loss) | 9901 | -€15,576 | €64,966 | +€80,541 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €9,975 | €17,024 | +€7,049 | +70.7% |
| Recurring financial charges | 65 | €9,975 | €17,024 | +€7,049 | +70.7% |
| Profit (loss) for the period before taxes | 9903 | -€25,550 | €47,942 | +€73,492 | |
| Income taxes | 67/77 | -€304 | €0 | +€304 | |
| Profit (loss) for the period | 9904 | -€25,246 | €47,942 | +€73,188 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,246 | €47,942 | +€73,188 |
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 25 October 2026 via checked.be.