KRAASDONK: 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.
KRAASDONK
Largest movements
- Receivables within one year -€372,228
down €372,228 (-55.7%), from €668,825 to €296,597
of which Trade receivables: -€354,601
- Tangible fixed assets +€166,295
up €166,295 (+37.0%), from €449,790 to €616,085
of which Furniture and vehicles: +€197,446
- Stocks and contracts +€75,980
up €75,980 (+380%), from €20,020 to €96,000
- Cash +€54,999
up €54,999 (+109%), from €50,391 to €105,390
mainly Receivables within one year (+€372,228) and Depreciation (+€94,205)
- Current portion of long-term debt +€84,753
up €84,753 (+196%), from €43,250 to €128,003
- Other debts -€75,001
down €75,001 (-69.4%), from €108,132 to €33,131
- Trade debts -€65,847
down €65,847 (-35.6%), from €185,204 to €119,357
- Reserves +€52,205
up €52,205 (+14.9%), from €349,554 to €401,759
- Tax, wage and social debts -€46,610
down €46,610 (-72.1%), from €64,687 to €18,077
of which Taxes: -€48,360
- Gross operating margin +€29,340
up €29,340 (+14.2%), from €205,929 to €235,270
- Depreciation +€20,348
up €20,348 (+27.6%), from €73,857 to €94,205
- Staff costs +€5,800
up €5,800 (+11.5%), from €50,420 to €56,220
- Financial charges +€4,261
up €4,261 (+47.2%), from €9,033 to €13,293
- Taxes -€3,833
down €3,833 (-19.0%), from €20,139 to €16,306
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 | €1,193,759 | €1,119,376 | -€74,383 | -6.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €449,955 | €616,250 | +€166,295 | +37.0% |
| Tangible fixed assets | 22/27 | €449,790 | €616,085 | +€166,295 | +37.0% |
| Land and buildings | 22 | €160,528 | €144,497 | -€16,031 | -10.0% |
| Plant, machinery and equipment | 23 | €120,444 | €105,324 | -€15,120 | -12.6% |
| Furniture and vehicles | 24 | €168,818 | €366,264 | +€197,446 | +117% |
| Financial fixed assets | 28 | €165 | €165 | = | 0.0% |
| Current assets | 29/58 | €743,804 | €503,126 | -€240,678 | -32.4% |
| Stocks and contracts in progress | 3 | €20,020 | €96,000 | +€75,980 | +380% |
| Stocks | 30/36 | €20,020 | €96,000 | +€75,980 | +380% |
| Amounts receivable within one year | 40/41 | €668,825 | €296,597 | -€372,228 | -55.7% |
| Trade receivables | 40 | €631,826 | €277,225 | -€354,601 | -56.1% |
| Other amounts receivable | 41 | €36,999 | €19,372 | -€17,627 | -47.6% |
| Cash at bank and in hand | 54/58 | €50,391 | €105,390 | +€54,999 | +109% |
| Deferred charges and accrued income | 490/1 | €4,568 | €5,139 | +€571 | +12.5% |
| Total equity and liabilities | 10/49 | €1,193,759 | €1,119,376 | -€74,383 | -6.2% |
| Equity | 10/15 | €507,554 | €559,759 | +€52,205 | +10.3% |
| Contributions | 10/11 | €158,000 | €158,000 | = | 0.0% |
| Reserves | 13 | €349,554 | €401,759 | +€52,205 | +14.9% |
| Distributable reserves | 133 | €349,554 | €401,759 | +€52,205 | +14.9% |
| Amounts payable | 17/49 | €686,205 | €559,617 | -€126,588 | -18.4% |
| Amounts payable after more than one year | 17 | €167,375 | €183,500 | +€16,125 | +9.6% |
| Financial debts | 170/4 | €167,375 | €183,500 | +€16,125 | +9.6% |
| Amounts payable within one year | 42/48 | €518,830 | €376,117 | -€142,713 | -27.5% |
| Current portion of amounts payable after more than one year | 42 | €43,250 | €128,003 | +€84,753 | +196% |
| Financial debts | 43 | €117,558 | €77,549 | -€40,009 | -34.0% |
| Credit institutions | 430/8 | €47,558 | €7,549 | -€40,009 | -84.1% |
| Other loans | 439 | €70,000 | €70,000 | = | 0.0% |
| Trade debts | 44 | €185,204 | €119,357 | -€65,847 | -35.6% |
| Suppliers | 440/4 | €185,204 | €119,357 | -€65,847 | -35.6% |
| Taxes, remuneration and social security | 45 | €64,687 | €18,077 | -€46,610 | -72.1% |
| Taxes | 450/3 | €58,647 | €10,287 | -€48,360 | -82.5% |
| Remuneration and social security | 454/9 | €6,040 | €7,790 | +€1,750 | +29.0% |
| Other amounts payable | 47/48 | €108,132 | €33,131 | -€75,001 | -69.4% |
| Non-recurring operating income | 76A | €14,000 | - | -€14,000 | |
| Remuneration, social security and pensions | 62 | €50,420 | €56,220 | +€5,800 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,857 | €94,205 | +€20,348 | +27.6% |
| Other operating charges | 640/8 | €3,505 | €3,210 | -€295 | -8.4% |
| Gross operating margin | 9900 | €205,929 | €235,270 | +€29,340 | +14.2% |
| Operating profit (loss) | 9901 | €78,147 | €81,635 | +€3,488 | +4.5% |
| Financial income | 75/76B | €73 | €169 | +€96 | +132% |
| Recurring financial income | 75 | €73 | €169 | +€96 | +132% |
| Financial charges | 65/66B | €9,033 | €13,293 | +€4,261 | +47.2% |
| Recurring financial charges | 65 | €9,033 | €13,293 | +€4,261 | +47.2% |
| Profit (loss) for the period before taxes | 9903 | €69,187 | €68,511 | -€677 | -1.0% |
| Income taxes | 67/77 | €20,139 | €16,306 | -€3,833 | -19.0% |
| Profit (loss) for the period | 9904 | €49,048 | €52,205 | +€3,156 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €49,048 | €52,205 | +€3,156 | +6.4% |
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 31 October 2026 via checked.be.