KRAAK: 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.
KRAAK
Largest movements
- Receivables after one year +€72,500
up €72,500 (+39.1%), from €185,500 to €258,000
- Tangible fixed assets +€43,365
up €43,365 (+22.8%), from €189,847 to €233,212
of which Plant, machinery and equipment: +€40,418
- Receivables within one year +€8,654
up €8,654 (+19.6%), from €44,195 to €52,850
- Reserves +€71,334
up €71,334 (+25.7%), from €277,734 to €349,068
of which Distributable reserves: +€71,334
- Tax, wage and social debts +€22,637
up €22,637 (+131%), from €17,232 to €39,870
- Trade debts +€21,551
up €21,551 (+3,227%), from €668 to €22,219
- Other debts +€6,809
up €6,809 (+41,394%), from €16 to €6,826
- Gross operating margin +€61,937
up €61,937 (+110%), from €56,450 to €118,387
- Taxes +€17,349
up €17,349 (+131%), from €13,198 to €30,547
- Financial income +€2,742
up €2,742 (+51.6%), from €5,317 to €8,060
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 | €443,609 | €565,479 | +€121,870 | +27.5% |
| Fixed assets | 21/28 | €189,847 | €233,212 | +€43,365 | +22.8% |
| Tangible fixed assets | 22/27 | €189,847 | €233,212 | +€43,365 | +22.8% |
| Land and buildings | 22 | €49,579 | €49,579 | = | 0.0% |
| Plant, machinery and equipment | 23 | €136,483 | €176,901 | +€40,418 | +29.6% |
| Furniture and vehicles | 24 | €3,785 | €6,732 | +€2,947 | +77.9% |
| Current assets | 29/58 | €253,762 | €332,267 | +€78,505 | +30.9% |
| Amounts receivable after more than one year | 29 | €185,500 | €258,000 | +€72,500 | +39.1% |
| Other amounts receivable | 291 | €185,500 | €258,000 | +€72,500 | +39.1% |
| Amounts receivable within one year | 40/41 | €44,195 | €52,850 | +€8,654 | +19.6% |
| Trade receivables | 40 | €44,195 | €52,850 | +€8,654 | +19.6% |
| Cash at bank and in hand | 54/58 | €20,105 | €18,943 | -€1,162 | -5.8% |
| Deferred charges and accrued income | 490/1 | €3,962 | €2,474 | -€1,488 | -37.5% |
| Total equity and liabilities | 10/49 | €443,609 | €565,479 | +€121,870 | +27.5% |
| Equity | 10/15 | €302,524 | €373,858 | +€71,334 | +23.6% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €277,734 | €349,068 | +€71,334 | +25.7% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €275,234 | €346,568 | +€71,334 | +25.9% |
| Provisions and deferred taxes | 16 | €122,707 | €122,707 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €122,707 | €122,707 | = | 0.0% |
| Other liabilities and charges | 164/5 | €122,707 | €122,707 | = | 0.0% |
| Amounts payable | 17/49 | €18,378 | €68,914 | +€50,536 | +275% |
| Amounts payable within one year | 42/48 | €17,917 | €68,914 | +€50,997 | +285% |
| Trade debts | 44 | €668 | €22,219 | +€21,551 | +3,227% |
| Suppliers | 440/4 | €668 | €22,219 | +€21,551 | +3,227% |
| Taxes, remuneration and social security | 45 | €17,232 | €39,870 | +€22,637 | +131% |
| Taxes | 450/3 | €17,232 | €39,870 | +€22,637 | +131% |
| Other amounts payable | 47/48 | €16 | €6,826 | +€6,809 | +41,394% |
| Accrued charges and deferred income | 492/3 | €461 | - | -€461 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,081 | €18,150 | -€932 | -4.9% |
| Other operating charges | 640/8 | €2,406 | €2,671 | +€264 | +11.0% |
| Gross operating margin | 9900 | €56,450 | €118,387 | +€61,937 | +110% |
| Operating profit (loss) | 9901 | €34,962 | €97,567 | +€62,604 | +179% |
| Financial income | 75/76B | €5,317 | €8,060 | +€2,742 | +51.6% |
| Recurring financial income | 75 | €5,317 | €8,060 | +€2,742 | +51.6% |
| Financial charges | 65/66B | €81 | €79 | -€2 | -2.4% |
| Recurring financial charges | 65 | €81 | €79 | -€2 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €40,198 | €105,547 | +€65,349 | +163% |
| Income taxes | 67/77 | €13,198 | €30,547 | +€17,349 | +131% |
| Profit (loss) for the period | 9904 | €27,000 | €75,000 | +€48,000 | +178% |
| Profit (loss) for the period to be appropriated | 9905 | €27,000 | €75,000 | +€48,000 | +178% |
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 20 October 2026 via checked.be.