KRAMO: 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.
KRAMO
Largest movements
- Receivables within one year +€267,310
up €267,310 (+72.7%), from €367,518 to €634,828
of which Other amounts receivable: +€256,265
- Intangible fixed assets -€237,519
down €237,519 (-32.1%), from €739,188 to €501,670
- Other debts +€355,826
up €355,826 (+205016.4%), from €174 to €356,000
- Profit (loss) carried forward -€230,357
down €230,357 (-28.6%), from €806,511 to €576,153
- Debts after one year -€111,889
down €111,889 (-18.9%), from €592,543 to €480,654
- Gross operating margin +€124,707
up €124,707 (+82.6%), from -€151,043 to -€26,336
- Financial income +€40,639
up €40,639 (+308.7%), from €13,164 to €53,803
- Financial charges -€12,650
down €12,650 (-41.4%), from €30,544 to €17,894
- Depreciation -€9,183
down €9,183 (-3.7%), from €247,895 to €238,712
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 | €2,893,459 | €2,896,265 | +€2,805 | +0.1% |
| Formation expenses | 20 | €3,101 | €3,101 | = | 0.0% |
| Fixed assets | 21/28 | €2,493,733 | €2,255,021 | -€238,712 | -9.6% |
| Intangible fixed assets | 21 | €739,188 | €501,670 | -€237,519 | -32.1% |
| Tangible fixed assets | 22/27 | €1,462 | €269 | -€1,193 | -81.6% |
| Plant, machinery and equipment | 23 | €1,422 | €269 | -€1,154 | -81.1% |
| Furniture and vehicles | 24 | €40 | €0 | -€40 | -100.0% |
| Financial fixed assets | 28 | €1,753,082 | €1,753,082 | = | 0.0% |
| Current assets | 29/58 | €396,625 | €638,143 | +€241,518 | +60.9% |
| Amounts receivable within one year | 40/41 | €367,518 | €634,828 | +€267,310 | +72.7% |
| Trade receivables | 40 | €6,835 | €17,880 | +€11,045 | +161.6% |
| Other amounts receivable | 41 | €360,683 | €616,948 | +€256,265 | +71.0% |
| Cash at bank and in hand | 54/58 | €29,107 | €3,315 | -€25,792 | -88.6% |
| Total equity and liabilities | 10/49 | €2,893,459 | €2,896,265 | +€2,805 | +0.1% |
| Equity | 10/15 | €2,086,158 | €1,855,800 | -€230,357 | -11.0% |
| Contributions | 10/11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Capital | 10 | €1,250,000 | €1,250,000 | = | 0.0% |
| Issued capital | 100 | €1,250,000 | €1,250,000 | = | 0.0% |
| Reserves | 13 | €29,647 | €29,647 | = | 0.0% |
| Non-distributable reserves | 130/1 | €28,103 | €28,103 | = | 0.0% |
| Legal reserve | 130 | €28,103 | €28,103 | = | 0.0% |
| Distributable reserves | 133 | €1,544 | €1,544 | = | 0.0% |
| Profit (loss) carried forward | 14 | €806,511 | €576,153 | -€230,357 | -28.6% |
| Amounts payable | 17/49 | €807,301 | €1,040,464 | +€233,163 | +28.9% |
| Amounts payable after more than one year | 17 | €592,543 | €480,654 | -€111,889 | -18.9% |
| Financial debts | 170/4 | €592,543 | €480,654 | -€111,889 | -18.9% |
| Amounts payable within one year | 42/48 | €205,408 | €550,460 | +€345,052 | +168.0% |
| Current portion of amounts payable after more than one year | 42 | €110,090 | €111,799 | +€1,709 | +1.6% |
| Trade debts | 44 | €95,144 | €82,661 | -€12,484 | -13.1% |
| Suppliers | 440/4 | €95,144 | €82,661 | -€12,484 | -13.1% |
| Other amounts payable | 47/48 | €174 | €356,000 | +€355,826 | +205016.4% |
| Accrued charges and deferred income | 492/3 | €9,351 | €9,351 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €0 | €128 | +€128 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €247,895 | €238,712 | -€9,183 | -3.7% |
| Other operating charges | 640/8 | €1,240 | €1,090 | -€150 | -12.1% |
| Gross operating margin | 9900 | -€151,043 | -€26,336 | +€124,707 | +82.6% |
| Operating profit (loss) | 9901 | -€400,178 | -€266,267 | +€133,911 | +33.5% |
| Financial income | 75/76B | €13,164 | €53,803 | +€40,639 | +308.7% |
| Recurring financial income | 75 | €13,164 | €53,803 | +€40,639 | +308.7% |
| Financial charges | 65/66B | €30,544 | €17,894 | -€12,650 | -41.4% |
| Recurring financial charges | 65 | €30,544 | €17,894 | -€12,650 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | -€417,558 | -€230,357 | +€187,201 | +44.8% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€417,558 | -€230,357 | +€187,201 | +44.8% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€417,558 | -€230,357 | +€187,201 | +44.8% |
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.