KRAKEN ENGINEERING: what changed
Two fiscal 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.
KRAKEN ENGINEERING
Largest movements
- Receivables within one year -€13,225
down €13,225 (-16.8%), from €78,747 to €65,522
of which Trade receivables: -€14,015
- Cash +€4,658
up €4,658 (+40.7%), from €11,445 to €16,103
mainly Other debts (+€19,961) and Net result for the year (+€15,715)
- Intangible fixed assets -€3,619
no longer reported in 2024 (was €3,619)
- Tangible fixed assets -€3,339
down €3,339 (-31.0%), from €10,773 to €7,435
of which Furniture and vehicles: -€3,407
- Reserves -€33,860
down €33,860 (-31.0%), from €109,360 to €75,500
of which Distributable reserves: -€32,000
- Other debts +€19,961
up €19,961 (+64.6%), from €30,910 to €50,871
- Tax, wage and social debts +€5,263
up €5,263 (+195.5%), from €2,692 to €7,955
- Current portion of long-term debt -€3,375
down €3,375 (-66.5%), from €5,079 to €1,704
- Contributions +€1,860
up €1,860 (+10.0%), from €18,600 to €20,460
- Write-downs +€14,800
new in 2024: €14,800
- Gross operating margin +€12,160
up €12,160 (+34.7%), from €35,011 to €47,171
- Depreciation -€10,049
down €10,049 (-48.2%), from €20,844 to €10,795
- Financial charges +€1,618
up €1,618 (+767.3%), from €211 to €1,829
- Taxes +€1,556
up €1,556 (+173.9%), from €895 to €2,451
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 | €162,512 | €149,265 | -€13,248 | -8.2% |
| Fixed assets | 21/28 | €14,392 | €7,435 | -€6,958 | -48.3% |
| Intangible fixed assets | 21 | €3,619 | - | -€3,619 | |
| Tangible fixed assets | 22/27 | €10,773 | €7,435 | -€3,339 | -31.0% |
| Plant, machinery and equipment | 23 | €789 | €857 | +€69 | +8.7% |
| Furniture and vehicles | 24 | €9,985 | €6,577 | -€3,407 | -34.1% |
| Current assets | 29/58 | €148,120 | €141,830 | -€6,290 | -4.2% |
| Amounts receivable within one year | 40/41 | €78,747 | €65,522 | -€13,225 | -16.8% |
| Trade receivables | 40 | €78,575 | €64,560 | -€14,015 | -17.8% |
| Other amounts receivable | 41 | €172 | €962 | +€790 | +460.4% |
| Current investments | 50/53 | €53,669 | €54,864 | +€1,196 | +2.2% |
| Cash at bank and in hand | 54/58 | €11,445 | €16,103 | +€4,658 | +40.7% |
| Deferred charges and accrued income | 490/1 | €4,260 | €5,341 | +€1,081 | +25.4% |
| Total equity and liabilities | 10/49 | €162,512 | €149,265 | -€13,248 | -8.2% |
| Equity | 10/15 | €118,509 | €86,724 | -€31,785 | -26.8% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Reserves | 13 | €109,360 | €75,500 | -€33,860 | -31.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €107,500 | €75,500 | -€32,000 | -29.8% |
| Profit (loss) carried forward | 14 | -€9,451 | -€9,236 | +€215 | +2.3% |
| Amounts payable | 17/49 | €44,003 | €62,541 | +€18,537 | +42.1% |
| Amounts payable after more than one year | 17 | €1,704 | - | -€1,704 | |
| Financial debts | 170/4 | €1,704 | - | -€1,704 | |
| Amounts payable within one year | 42/48 | €42,281 | €62,541 | +€20,260 | +47.9% |
| Current portion of amounts payable after more than one year | 42 | €5,079 | €1,704 | -€3,375 | -66.5% |
| Trade debts | 44 | €3,600 | €2,011 | -€1,589 | -44.1% |
| Suppliers | 440/4 | €3,600 | €2,011 | -€1,589 | -44.1% |
| Taxes, remuneration and social security | 45 | €2,692 | €7,955 | +€5,263 | +195.5% |
| Taxes | 450/3 | €2,692 | €7,955 | +€5,263 | +195.5% |
| Other amounts payable | 47/48 | €30,910 | €50,871 | +€19,961 | +64.6% |
| Accrued charges and deferred income | 492/3 | €18 | - | -€18 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,844 | €10,795 | -€10,049 | -48.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €14,800 | +€14,800 | |
| Other operating charges | 640/8 | €2,747 | €3,040 | +€293 | +10.7% |
| Gross operating margin | 9900 | €35,011 | €47,171 | +€12,160 | +34.7% |
| Operating profit (loss) | 9901 | €11,420 | €18,535 | +€7,116 | +62.3% |
| Financial income | 75/76B | €150 | €1,460 | +€1,310 | +872.9% |
| Recurring financial income | 75 | €150 | €1,460 | +€1,310 | +872.9% |
| Financial charges | 65/66B | €211 | €1,829 | +€1,618 | +767.3% |
| Recurring financial charges | 65 | €211 | €1,829 | +€1,618 | +767.3% |
| Profit (loss) for the period before taxes | 9903 | €11,359 | €18,166 | +€6,808 | +59.9% |
| Income taxes | 67/77 | €895 | €2,451 | +€1,556 | +173.9% |
| Profit (loss) for the period | 9904 | €10,464 | €15,715 | +€5,251 | +50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,464 | €15,715 | +€5,251 | +50.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.