KRAFT: 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.
KRAFT
Largest movements
- Receivables after one year -€136,898
no longer reported in 2024 (was €136,898)
- Receivables within one year +€131,053
up €131,053 (+143.9%), from €91,084 to €222,137
of which Other amounts receivable: +€135,463
- Tangible fixed assets -€110,269
no longer reported in 2024 (was €110,269)
of which Plant, machinery and equipment: -€78,980
- Cash -€45,947
no longer reported in 2024 (was €45,947)
mainly Receivables within one year (-€131,053) and Net result for the year (-€83,867)
- Deferred charges and accrued income -€24,892
no longer reported in 2024 (was €24,892)
- Reserves -€83,867
down €83,867 (-29.6%), from €283,450 to €199,583
- Debts after one year -€41,238
no longer reported in 2024 (was €41,238)
- Current portion of long-term debt -€31,113
no longer reported in 2024 (was €31,113)
- Accrued charges and deferred income -€21,588
no longer reported in 2024 (was €21,588)
- Tax, wage and social debts -€15,196
down €15,196 (-90.4%), from €16,801 to €1,605
- Gross operating margin -€107,545
down €107,545, from €89,883 to -€17,662
- Depreciation -€33,397
no longer reported in 2024 (was €33,397)
- Taxes -€14,346
down €14,346 (-98.8%), from €14,524 to €178
- Staff costs -€2,962
down €2,962 (-67.0%), from €4,422 to €1,460
- Other operating charges +€2,904
up €2,904 (+111.0%), from €2,617 to €5,520
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €409,690 | €222,137 | -€187,553 | -45.8% |
| Fixed assets | 21/28 | €110,869 | - | -€110,869 | |
| Tangible fixed assets | 22/27 | €110,269 | - | -€110,269 | |
| Plant, machinery and equipment | 23 | €78,980 | - | -€78,980 | |
| Furniture and vehicles | 24 | €31,289 | - | -€31,289 | |
| Financial fixed assets | 28 | €600 | - | -€600 | |
| Current assets | 29/58 | €298,821 | €222,137 | -€76,684 | -25.7% |
| Amounts receivable after more than one year | 29 | €136,898 | - | -€136,898 | |
| Other amounts receivable | 291 | €136,898 | - | -€136,898 | |
| Amounts receivable within one year | 40/41 | €91,084 | €222,137 | +€131,053 | +143.9% |
| Trade receivables | 40 | €4,410 | - | -€4,410 | |
| Other amounts receivable | 41 | €86,674 | €222,137 | +€135,463 | +156.3% |
| Cash at bank and in hand | 54/58 | €45,947 | - | -€45,947 | |
| Deferred charges and accrued income | 490/1 | €24,892 | - | -€24,892 | |
| Total equity and liabilities | 10/49 | €409,690 | €222,137 | -€187,553 | -45.8% |
| Equity | 10/15 | €298,950 | €215,083 | -€83,867 | -28.1% |
| Contributions | 10/11 | €15,500 | €15,500 | = | 0.0% |
| Reserves | 13 | €283,450 | €199,583 | -€83,867 | -29.6% |
| Distributable reserves | 133 | €283,450 | €199,583 | -€83,867 | -29.6% |
| Amounts payable | 17/49 | €110,740 | €7,054 | -€103,686 | -93.6% |
| Amounts payable after more than one year | 17 | €41,238 | - | -€41,238 | |
| Financial debts | 170/4 | €41,238 | - | -€41,238 | |
| Amounts payable within one year | 42/48 | €47,913 | €7,054 | -€40,860 | -85.3% |
| Current portion of amounts payable after more than one year | 42 | €31,113 | - | -€31,113 | |
| Financial debts | 43 | - | €5,011 | +€5,011 | |
| Credit institutions | 430/8 | - | €5,011 | +€5,011 | |
| Trade debts | 44 | - | €438 | +€438 | |
| Suppliers | 440/4 | - | €438 | +€438 | |
| Taxes, remuneration and social security | 45 | €16,801 | €1,605 | -€15,196 | -90.4% |
| Taxes | 450/3 | €16,801 | €1,605 | -€15,196 | -90.4% |
| Accrued charges and deferred income | 492/3 | €21,588 | - | -€21,588 | |
| Non-recurring operating income | 76A | €8,264 | €18,700 | +€10,436 | +126.3% |
| Remuneration, social security and pensions | 62 | €4,422 | €1,460 | -€2,962 | -67.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,397 | - | -€33,397 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,550 | -€1,550 | |
| Other operating charges | 640/8 | €2,617 | €5,520 | +€2,904 | +111.0% |
| Non-recurring operating charges | 66A | - | €57,463 | +€57,463 | |
| Gross operating margin | 9900 | €89,883 | -€17,662 | -€107,545 | |
| Operating profit (loss) | 9901 | €49,448 | -€80,556 | -€130,003 | |
| Financial income | 75/76B | €1,471 | €2,053 | +€582 | +39.6% |
| Recurring financial income | 75 | €1,471 | €2,053 | +€582 | +39.6% |
| Financial charges | 65/66B | €5,794 | €5,186 | -€607 | -10.5% |
| Recurring financial charges | 65 | €5,544 | €5,186 | -€357 | -6.4% |
| Non-recurring financial charges | 66B | €250 | - | -€250 | |
| Profit (loss) for the period before taxes | 9903 | €45,125 | -€83,689 | -€128,814 | |
| Income taxes | 67/77 | €14,524 | €178 | -€14,346 | -98.8% |
| Profit (loss) for the period | 9904 | €30,601 | -€83,867 | -€114,468 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,601 | -€83,867 | -€114,468 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.