KRAKELMAK: 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.
KRAKELMAK
Largest movements
- Receivables within one year -€9,964
down €9,964 (-28.3%), from €35,226 to €25,262
- Stocks and contracts -€8,691
down €8,691 (-9.2%), from €94,569 to €85,877
- Other debts -€12,385
down €12,385 (-38.9%), from €31,801 to €19,416
- Debts after one year -€9,876
down €9,876 (-88.6%), from €11,152 to €1,276
- Profit (loss) carried forward +€6,425
up €6,425 (+14.0%), from -€46,035 to -€39,610
- Tax, wage and social debts -€5,539
down €5,539 (-19.9%), from €27,786 to €22,247
of which Taxes: -€6,189
- Gross operating margin +€8,260
up €8,260 (+157%), from €5,263 to €13,523
- Financial charges -€959
down €959 (-17.7%), from €5,433 to €4,474
- Other operating charges +€395
up €395 (+32.1%), from €1,230 to €1,625
- Taxes -€165
no longer reported in 2025 (was €165)
- Depreciation -€162
down €162 (-14.0%), from €1,162 to €1,000
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 | €136,496 | €116,870 | -€19,626 | -14.4% |
| Fixed assets | 21/28 | €2,260 | €1,260 | -€1,000 | -44.2% |
| Tangible fixed assets | 22/27 | €2,200 | €1,200 | -€1,000 | -45.5% |
| Furniture and vehicles | 24 | €2,200 | €1,200 | -€1,000 | -45.5% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €134,236 | €115,610 | -€18,626 | -13.9% |
| Stocks and contracts in progress | 3 | €94,569 | €85,877 | -€8,691 | -9.2% |
| Stocks | 30/36 | €94,569 | €85,877 | -€8,691 | -9.2% |
| Amounts receivable within one year | 40/41 | €35,226 | €25,262 | -€9,964 | -28.3% |
| Trade receivables | 40 | €35,226 | €25,262 | -€9,964 | -28.3% |
| Cash at bank and in hand | 54/58 | €4,277 | €4,068 | -€209 | -4.9% |
| Deferred charges and accrued income | 490/1 | €164 | €402 | +€238 | +145% |
| Total equity and liabilities | 10/49 | €136,496 | €116,870 | -€19,626 | -14.4% |
| Equity | 10/15 | -€37,335 | -€30,910 | +€6,425 | +17.2% |
| Contributions | 10/11 | €8,700 | €8,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,035 | -€39,610 | +€6,425 | +14.0% |
| Amounts payable | 17/49 | €173,831 | €147,780 | -€26,051 | -15.0% |
| Amounts payable after more than one year | 17 | €11,152 | €1,276 | -€9,876 | -88.6% |
| Financial debts | 170/4 | €11,152 | €1,276 | -€9,876 | -88.6% |
| Amounts payable within one year | 42/48 | €162,680 | €146,504 | -€16,175 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €10,307 | €11,320 | +€1,013 | +9.8% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €67,786 | €68,522 | +€736 | +1.1% |
| Suppliers | 440/4 | €67,786 | €68,522 | +€736 | +1.1% |
| Taxes, remuneration and social security | 45 | €27,786 | €22,247 | -€5,539 | -19.9% |
| Taxes | 450/3 | €27,436 | €21,247 | -€6,189 | -22.6% |
| Remuneration and social security | 454/9 | €350 | €1,000 | +€650 | +186% |
| Other amounts payable | 47/48 | €31,801 | €19,416 | -€12,385 | -38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,162 | €1,000 | -€162 | -14.0% |
| Other operating charges | 640/8 | €1,230 | €1,625 | +€395 | +32.1% |
| Gross operating margin | 9900 | €5,263 | €13,523 | +€8,260 | +157% |
| Operating profit (loss) | 9901 | €2,870 | €10,898 | +€8,028 | +280% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,433 | €4,474 | -€959 | -17.7% |
| Recurring financial charges | 65 | €5,433 | €4,474 | -€959 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,563 | €6,425 | +€8,987 | |
| Income taxes | 67/77 | €165 | - | -€165 | |
| Profit (loss) for the period | 9904 | -€2,727 | €6,425 | +€9,152 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,727 | €6,425 | +€9,152 |
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 22 October 2026 via checked.be.