KRACMAN: 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.
KRACMAN
Largest movements
- Cash +€160,370
up €160,370 (+40.7%), from €394,382 to €554,751
mainly Net result for the year (+€282,273) and Current investments (+€150,000)
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Receivables within one year -€128,425
down €128,425 (-22.5%), from €571,584 to €443,159
of which Trade receivables: -€143,419
- Tangible fixed assets -€24,178
down €24,178 (-5.8%), from €419,544 to €395,366
- Other debts -€291,051
no longer reported in 2025 (was €291,051)
- Reserves +€190,850
up €190,850 (+20.7%), from €923,300 to €1.1m
- Debts after one year -€55,254
down €55,254 (-27.2%), from €203,449 to €148,195
- Gross operating margin +€193,285
up €193,285 (+81.8%), from €236,373 to €429,659
- Taxes +€66,001
up €66,001 (+105%), from €62,579 to €128,580
- Financial charges +€16,853
up €16,853 (+261%), from €6,457 to €23,310
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 | €1,536,056 | €1,393,826 | -€142,231 | -9.3% |
| Fixed assets | 21/28 | €419,544 | €395,366 | -€24,178 | -5.8% |
| Tangible fixed assets | 22/27 | €419,544 | €395,366 | -€24,178 | -5.8% |
| Land and buildings | 22 | €419,544 | €395,366 | -€24,178 | -5.8% |
| Current assets | 29/58 | €1,116,512 | €998,459 | -€118,053 | -10.6% |
| Amounts receivable within one year | 40/41 | €571,584 | €443,159 | -€128,425 | -22.5% |
| Trade receivables | 40 | €181,142 | €37,722 | -€143,419 | -79.2% |
| Other amounts receivable | 41 | €390,442 | €405,437 | +€14,995 | +3.8% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €394,382 | €554,751 | +€160,370 | +40.7% |
| Deferred charges and accrued income | 490/1 | €546 | €548 | +€2 | +0.4% |
| Total equity and liabilities | 10/49 | €1,536,056 | €1,393,826 | -€142,231 | -9.3% |
| Equity | 10/15 | €964,790 | €1,155,663 | +€190,873 | +19.8% |
| Contributions | 10/11 | €37,577 | €37,577 | = | 0.0% |
| Reserves | 13 | €923,300 | €1,114,150 | +€190,850 | +20.7% |
| Distributable reserves | 133 | €923,300 | €1,114,150 | +€190,850 | +20.7% |
| Profit (loss) carried forward | 14 | €3,913 | €3,936 | +€23 | +0.6% |
| Amounts payable | 17/49 | €571,266 | €238,163 | -€333,104 | -58.3% |
| Amounts payable after more than one year | 17 | €203,449 | €148,195 | -€55,254 | -27.2% |
| Financial debts | 170/4 | €203,449 | €148,195 | -€55,254 | -27.2% |
| Amounts payable within one year | 42/48 | €367,818 | €82,277 | -€285,541 | -77.6% |
| Current portion of amounts payable after more than one year | 42 | €54,112 | €55,254 | +€1,142 | +2.1% |
| Trade debts | 44 | €10,380 | €0 | -€10,380 | -100% |
| Suppliers | 440/4 | €10,380 | €0 | -€10,380 | -100% |
| Taxes, remuneration and social security | 45 | €12,275 | €27,023 | +€14,748 | +120% |
| Taxes | 450/3 | €9,295 | €24,025 | +€14,730 | +158% |
| Remuneration and social security | 454/9 | €2,981 | €2,999 | +€18 | +0.6% |
| Other amounts payable | 47/48 | €291,051 | - | -€291,051 | |
| Accrued charges and deferred income | 492/3 | - | €7,691 | +€7,691 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,301 | €24,178 | -€2,123 | -8.1% |
| Other operating charges | 640/8 | €10,981 | €10,286 | -€694 | -6.3% |
| Gross operating margin | 9900 | €236,373 | €429,659 | +€193,285 | +81.8% |
| Operating profit (loss) | 9901 | €199,092 | €395,194 | +€196,102 | +98.5% |
| Financial income | 75/76B | €36,111 | €38,970 | +€2,859 | +7.9% |
| Recurring financial income | 75 | €36,111 | €38,970 | +€2,859 | +7.9% |
| Financial charges | 65/66B | €6,457 | €23,310 | +€16,853 | +261% |
| Recurring financial charges | 65 | €6,457 | €23,310 | +€16,853 | +261% |
| Profit (loss) for the period before taxes | 9903 | €228,746 | €410,854 | +€182,108 | +79.6% |
| Income taxes | 67/77 | €62,579 | €128,580 | +€66,001 | +105% |
| Profit (loss) for the period | 9904 | €166,167 | €282,273 | +€116,107 | +69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €166,167 | €282,273 | +€116,107 | +69.9% |
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 15 October 2026 via checked.be.