Krafft-Leblanc: 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.
Krafft-Leblanc
Largest movements
- Tangible fixed assets +€55,672
up €55,672 (+20.5%), from €271,559 to €327,231
- Receivables within one year +€53,467
up €53,467 (+72.9%), from €73,344 to €126,811
of which Trade receivables: +€49,668
- Cash +€39,599
up €39,599 (+22.1%), from €179,133 to €218,732
mainly Depreciation (+€101,421) and Net result for the year (+€85,230)
- Deferred charges and accrued income -€12,923
down €12,923 (-52.2%), from €24,760 to €11,836
- Reserves +€75,000
up €75,000 (+78.9%), from €95,000 to €170,000
- Trade debts +€22,213
up €22,213 (+43.1%), from €51,518 to €73,731
- Debts after one year +€17,973
up €17,973 (+22.8%), from €78,708 to €96,680
- Other debts -€13,478
down €13,478 (-80.6%), from €16,716 to €3,238
- Profit (loss) carried forward +€10,230
up €10,230 (+5.4%), from €189,442 to €199,672
- Turnover +€92,210
up €92,210 (+10.0%), from €926,046 to €1.0m
- Gross operating margin +€76,985
up €76,985 (+17.7%), from €435,311 to €512,297
- Depreciation +€17,788
up €17,788 (+21.3%), from €83,633 to €101,421
- Taxes +€14,572
up €14,572 (+167%), from €8,750 to €23,322
- Staff costs -€13,400
down €13,400 (-4.4%), from €301,561 to €288,161
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 | €551,421 | €687,236 | +€135,815 | +24.6% |
| Fixed assets | 21/28 | €271,684 | €327,356 | +€55,672 | +20.5% |
| Tangible fixed assets | 22/27 | €271,559 | €327,231 | +€55,672 | +20.5% |
| Land and buildings | 22 | - | €12,329 | +€12,329 | |
| Plant, machinery and equipment | 23 | €219,680 | €243,553 | +€23,873 | +10.9% |
| Furniture and vehicles | 24 | €51,880 | €71,350 | +€19,470 | +37.5% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €279,736 | €359,880 | +€80,143 | +28.6% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €73,344 | €126,811 | +€53,467 | +72.9% |
| Trade receivables | 40 | €63,480 | €113,149 | +€49,668 | +78.2% |
| Other amounts receivable | 41 | €9,864 | €13,663 | +€3,799 | +38.5% |
| Cash at bank and in hand | 54/58 | €179,133 | €218,732 | +€39,599 | +22.1% |
| Deferred charges and accrued income | 490/1 | €24,760 | €11,836 | -€12,923 | -52.2% |
| Total equity and liabilities | 10/49 | €551,421 | €687,236 | +€135,815 | +24.6% |
| Equity | 10/15 | €290,642 | €375,872 | +€85,230 | +29.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €95,000 | €170,000 | +€75,000 | +78.9% |
| Distributable reserves | 133 | €95,000 | €170,000 | +€75,000 | +78.9% |
| Profit (loss) carried forward | 14 | €189,442 | €199,672 | +€10,230 | +5.4% |
| Amounts payable | 17/49 | €260,779 | €311,364 | +€50,585 | +19.4% |
| Amounts payable after more than one year | 17 | €78,708 | €96,680 | +€17,973 | +22.8% |
| Financial debts | 170/4 | €78,708 | €96,680 | +€17,973 | +22.8% |
| Amounts payable within one year | 42/48 | €176,516 | €202,529 | +€26,013 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €54,336 | €64,398 | +€10,062 | +18.5% |
| Trade debts | 44 | €51,518 | €73,731 | +€22,213 | +43.1% |
| Suppliers | 440/4 | €51,518 | €73,731 | +€22,213 | +43.1% |
| Advances received on contracts in progress | 46 | €1,000 | - | -€1,000 | |
| Taxes, remuneration and social security | 45 | €52,947 | €61,162 | +€8,216 | +15.5% |
| Taxes | 450/3 | €28,377 | €39,218 | +€10,841 | +38.2% |
| Remuneration and social security | 454/9 | €24,570 | €21,944 | -€2,626 | -10.7% |
| Other amounts payable | 47/48 | €16,716 | €3,238 | -€13,478 | -80.6% |
| Accrued charges and deferred income | 492/3 | €5,555 | €12,155 | +€6,600 | +119% |
| Turnover | 70 | €926,046 | €1,018,255 | +€92,210 | +10.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €532,947 | €543,485 | +€10,538 | +2.0% |
| Remuneration, social security and pensions | 62 | €301,561 | €288,161 | -€13,400 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,633 | €101,421 | +€17,788 | +21.3% |
| Other operating charges | 640/8 | €16,112 | €8,628 | -€7,484 | -46.5% |
| Gross operating margin | 9900 | €435,311 | €512,297 | +€76,985 | +17.7% |
| Operating profit (loss) | 9901 | €34,006 | €114,087 | +€80,081 | +235% |
| Financial income | 75/76B | €1,511 | - | -€1,511 | |
| Recurring financial income | 75 | €1,511 | - | -€1,511 | |
| Financial charges | 65/66B | €4,643 | €5,535 | +€892 | +19.2% |
| Recurring financial charges | 65 | €4,643 | €5,535 | +€892 | +19.2% |
| Profit (loss) for the period before taxes | 9903 | €30,874 | €108,552 | +€77,678 | +252% |
| Income taxes | 67/77 | €8,750 | €23,322 | +€14,572 | +167% |
| Profit (loss) for the period | 9904 | €22,124 | €85,230 | +€63,106 | +285% |
| Profit (loss) for the period to be appropriated | 9905 | €22,124 | €85,230 | +€63,106 | +285% |
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 30 October 2026 via checked.be.