KRAK: 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.
KRAK
Largest movements
- Receivables within one year -€12,700
down €12,700 (-95.1%), from €13,361 to €661
of which Trade receivables: -€12,705
- Cash +€12,435
up €12,435 (+1,580%), from €787 to €13,222
mainly Receivables within one year (+€12,700) and Net result for the year (+€9,461)
- Tangible fixed assets -€1,292
down €1,292 (-13.0%), from €9,913 to €8,621
of which Furniture and vehicles: -€1,692
- Debts after one year -€25,502
down €25,502 (-54.8%), from €46,533 to €21,031
- Reserves +€9,461
up €9,461 (+78.2%), from €12,102 to €21,564
- Other debts +€8,826
up €8,826 (+36.0%), from €24,545 to €33,371
- Trade debts +€8,234
up €8,234 (+1,547%), from €532 to €8,766
- Accrued charges and deferred income -€2,336
down €2,336 (-93.3%), from €2,504 to €168
- Gross operating margin -€2,666
down €2,666 (-9.2%), from €28,889 to €26,224
- Financial charges -€784
down €784 (-9.6%), from €8,180 to €7,397
- Taxes -€555
down €555 (-9.8%), from €5,645 to €5,090
- Other operating charges -€424
down €424 (-40.3%), from €1,053 to €629
- Depreciation +€412
up €412 (+14.9%), from €2,754 to €3,166
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 | €124,745 | €124,390 | -€355 | -0.3% |
| Fixed assets | 21/28 | €109,913 | €108,621 | -€1,292 | -1.2% |
| Tangible fixed assets | 22/27 | €9,913 | €8,621 | -€1,292 | -13.0% |
| Plant, machinery and equipment | 23 | €1,055 | €1,455 | +€400 | +37.9% |
| Furniture and vehicles | 24 | €8,858 | €7,165 | -€1,692 | -19.1% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €14,832 | €15,769 | +€938 | +6.3% |
| Amounts receivable within one year | 40/41 | €13,361 | €661 | -€12,700 | -95.1% |
| Trade receivables | 40 | €12,969 | €264 | -€12,705 | -98.0% |
| Other amounts receivable | 41 | €392 | €397 | +€5 | +1.2% |
| Cash at bank and in hand | 54/58 | €787 | €13,222 | +€12,435 | +1,580% |
| Deferred charges and accrued income | 490/1 | €684 | €1,887 | +€1,203 | +176% |
| Total equity and liabilities | 10/49 | €124,745 | €124,390 | -€355 | -0.3% |
| Equity | 10/15 | €14,602 | €24,064 | +€9,461 | +64.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €12,102 | €21,564 | +€9,461 | +78.2% |
| Distributable reserves | 133 | €12,102 | €21,564 | +€9,461 | +78.2% |
| Amounts payable | 17/49 | €110,142 | €100,326 | -€9,816 | -8.9% |
| Amounts payable after more than one year | 17 | €46,533 | €21,031 | -€25,502 | -54.8% |
| Financial debts | 170/4 | €46,533 | €21,031 | -€25,502 | -54.8% |
| Amounts payable within one year | 42/48 | €61,105 | €79,127 | +€18,022 | +29.5% |
| Current portion of amounts payable after more than one year | 42 | €25,469 | €26,006 | +€537 | +2.1% |
| Trade debts | 44 | €532 | €8,766 | +€8,234 | +1,547% |
| Suppliers | 440/4 | €532 | €8,766 | +€8,234 | +1,547% |
| Advances received on contracts in progress | 46 | €72 | €72 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €10,486 | €10,912 | +€426 | +4.1% |
| Taxes | 450/3 | €10,486 | €10,912 | +€426 | +4.1% |
| Other amounts payable | 47/48 | €24,545 | €33,371 | +€8,826 | +36.0% |
| Accrued charges and deferred income | 492/3 | €2,504 | €168 | -€2,336 | -93.3% |
| Remuneration, social security and pensions | 62 | €329 | €481 | +€152 | +46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,754 | €3,166 | +€412 | +14.9% |
| Other operating charges | 640/8 | €1,053 | €629 | -€424 | -40.3% |
| Gross operating margin | 9900 | €28,889 | €26,224 | -€2,666 | -9.2% |
| Operating profit (loss) | 9901 | €24,753 | €21,948 | -€2,806 | -11.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €8,180 | €7,397 | -€784 | -9.6% |
| Recurring financial charges | 65 | €8,180 | €7,397 | -€784 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €16,573 | €14,551 | -€2,022 | -12.2% |
| Income taxes | 67/77 | €5,645 | €5,090 | -€555 | -9.8% |
| Profit (loss) for the period | 9904 | €10,929 | €9,461 | -€1,467 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,929 | €9,461 | -€1,467 | -13.4% |
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 23 October 2026 via checked.be.