Kraldak: 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.
Kraldak
Largest movements
- Tangible fixed assets +€301,898
up €301,898 (+1701.9%), from €17,739 to €319,636
of which Land and buildings: +€297,742
- Receivables within one year -€295,423
down €295,423 (-44.0%), from €671,775 to €376,352
of which Trade receivables: -€224,047
- Cash +€167,166
up €167,166 (+55.8%), from €299,610 to €466,776
mainly Receivables within one year (+€295,423) and Net result for the year (+€240,204)
- Debts after one year +€120,000
new in 2025: €120,000
- Reserves +€38,567
up €38,567 (+4.9%), from €780,998 to €819,566
of which Distributable reserves: +€38,567
- Current portion of long-term debt +€30,000
new in 2025: €30,000
- Trade debts -€27,170
down €27,170 (-67.1%), from €40,501 to €13,331
- Staff costs +€43,037
up €43,037 (+58.6%), from €73,399 to €116,436
- Taxes -€41,791
down €41,791 (-27.2%), from €153,824 to €112,033
- Gross operating margin -€33,168
down €33,168 (-5.9%), from €565,309 to €532,141
- Depreciation +€27,801
up €27,801 (+189.9%), from €14,640 to €42,441
- Write-downs +€14,091
new in 2025: €14,091
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.
Cash bridge derived
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 | €1,021,481 | €1,190,349 | +€168,868 | +16.5% |
| Fixed assets | 21/28 | €24,189 | €326,086 | +€301,898 | +1248.1% |
| Tangible fixed assets | 22/27 | €17,739 | €319,636 | +€301,898 | +1701.9% |
| Land and buildings | 22 | - | €297,742 | +€297,742 | |
| Plant, machinery and equipment | 23 | €7,214 | €7,168 | -€45 | -0.6% |
| Furniture and vehicles | 24 | €10,525 | €14,726 | +€4,201 | +39.9% |
| Financial fixed assets | 28 | €6,450 | €6,450 | = | 0.0% |
| Current assets | 29/58 | €997,293 | €864,263 | -€133,030 | -13.3% |
| Stocks and contracts in progress | 3 | €16,453 | €16,126 | -€327 | -2.0% |
| Stocks | 30/36 | €16,453 | €16,126 | -€327 | -2.0% |
| Amounts receivable within one year | 40/41 | €671,775 | €376,352 | -€295,423 | -44.0% |
| Trade receivables | 40 | €562,999 | €338,951 | -€224,047 | -39.8% |
| Other amounts receivable | 41 | €108,776 | €37,401 | -€71,376 | -65.6% |
| Cash at bank and in hand | 54/58 | €299,610 | €466,776 | +€167,166 | +55.8% |
| Deferred charges and accrued income | 490/1 | €9,455 | €5,009 | -€4,446 | -47.0% |
| Total equity and liabilities | 10/49 | €1,021,481 | €1,190,349 | +€168,868 | +16.5% |
| Equity | 10/15 | €799,598 | €838,166 | +€38,567 | +4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €780,998 | €819,566 | +€38,567 | +4.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €779,138 | €817,706 | +€38,567 | +5.0% |
| Amounts payable | 17/49 | €221,883 | €352,184 | +€130,301 | +58.7% |
| Amounts payable after more than one year | 17 | - | €120,000 | +€120,000 | |
| Financial debts | 170/4 | - | €120,000 | +€120,000 | |
| Amounts payable within one year | 42/48 | €221,883 | €232,184 | +€10,301 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | - | €30,000 | +€30,000 | |
| Trade debts | 44 | €40,501 | €13,331 | -€27,170 | -67.1% |
| Suppliers | 440/4 | €40,501 | €13,331 | -€27,170 | -67.1% |
| Taxes, remuneration and social security | 45 | €181,382 | €186,713 | +€5,331 | +2.9% |
| Taxes | 450/3 | €168,275 | €173,937 | +€5,662 | +3.4% |
| Remuneration and social security | 454/9 | €13,107 | €12,776 | -€331 | -2.5% |
| Other amounts payable | 47/48 | - | €2,139 | +€2,139 | |
| Non-recurring operating income | 76A | €560 | €9,873 | +€9,313 | +1663.1% |
| Remuneration, social security and pensions | 62 | €73,399 | €116,436 | +€43,037 | +58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,640 | €42,441 | +€27,801 | +189.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €14,091 | +€14,091 | |
| Other operating charges | 640/8 | €3,547 | €2,919 | -€628 | -17.7% |
| Non-recurring operating charges | 66A | €1,723 | - | -€1,723 | |
| Gross operating margin | 9900 | €565,309 | €532,141 | -€33,168 | -5.9% |
| Operating profit (loss) | 9901 | €472,000 | €356,255 | -€115,745 | -24.5% |
| Financial income | 75/76B | €8,061 | €243 | -€7,818 | -97.0% |
| Recurring financial income | 75 | €8,061 | €243 | -€7,818 | -97.0% |
| Financial charges | 65/66B | €11,550 | €4,260 | -€7,290 | -63.1% |
| Recurring financial charges | 65 | €11,550 | €4,260 | -€7,290 | -63.1% |
| Profit (loss) for the period before taxes | 9903 | €468,511 | €352,238 | -€116,273 | -24.8% |
| Income taxes | 67/77 | €153,824 | €112,033 | -€41,791 | -27.2% |
| Profit (loss) for the period | 9904 | €314,687 | €240,204 | -€74,482 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €314,687 | €240,204 | -€74,482 | -23.7% |
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 11 October 2026 via checked.be.