KRATO PROJECTS: 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.
KRATO PROJECTS
Largest movements
- Tangible fixed assets -€59,029
down €59,029 (-1.8%), from €3.3m to €3.3m
of which Land and buildings: -€58,380
- Other debts -€496,108
down €496,108 (-64.0%), from €775,115 to €279,007
- Debts after one year +€289,111
up €289,111 (+22.3%), from €1.3m to €1.6m
- Profit (loss) carried forward +€102,988
up €102,988 (+65.2%), from €157,997 to €260,985
- Current portion of long-term debt +€45,229
up €45,229 (+32.2%), from €140,616 to €185,845
- Financial charges -€57,646
down €57,646 (-59.7%), from €96,484 to €38,838
of which Non-recurring financial charges: -€49,999
- Taxes +€35,500
up €35,500 (+3,550%), from €1,000 to €36,500
- Depreciation +€9,739
up €9,739 (+8.4%), from €116,350 to €126,089
- Gross operating margin +€4,230
up €4,230 (+1.4%), from €311,189 to €315,419
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 | €3,350,238 | €3,302,636 | -€47,602 | -1.4% |
| Fixed assets | 21/28 | €3,314,511 | €3,255,482 | -€59,029 | -1.8% |
| Tangible fixed assets | 22/27 | €3,314,511 | €3,255,482 | -€59,029 | -1.8% |
| Land and buildings | 22 | €3,313,085 | €3,254,705 | -€58,380 | -1.8% |
| Furniture and vehicles | 24 | €1,426 | €777 | -€650 | -45.6% |
| Current assets | 29/58 | €35,727 | €47,154 | +€11,427 | +32.0% |
| Amounts receivable within one year | 40/41 | €20,353 | €6,788 | -€13,565 | -66.7% |
| Trade receivables | 40 | €6,353 | €6,788 | +€435 | +6.8% |
| Other amounts receivable | 41 | €14,000 | - | -€14,000 | |
| Cash at bank and in hand | 54/58 | €9,742 | €34,764 | +€25,021 | +257% |
| Deferred charges and accrued income | 490/1 | €5,632 | €5,602 | -€29 | -0.5% |
| Total equity and liabilities | 10/49 | €3,350,238 | €3,302,636 | -€47,602 | -1.4% |
| Equity | 10/15 | €1,013,342 | €1,116,330 | +€102,988 | +10.2% |
| Contributions | 10/11 | €850,000 | €850,000 | = | 0.0% |
| Reserves | 13 | €5,345 | €5,345 | = | 0.0% |
| Distributable reserves | 133 | €5,345 | €5,345 | = | 0.0% |
| Profit (loss) carried forward | 14 | €157,997 | €260,985 | +€102,988 | +65.2% |
| Amounts payable | 17/49 | €2,336,896 | €2,186,306 | -€150,590 | -6.4% |
| Amounts payable after more than one year | 17 | €1,294,652 | €1,583,762 | +€289,111 | +22.3% |
| Financial debts | 170/4 | €1,294,652 | €1,583,762 | +€289,111 | +22.3% |
| Amounts payable within one year | 42/48 | €956,699 | €496,995 | -€459,704 | -48.1% |
| Current portion of amounts payable after more than one year | 42 | €140,616 | €185,845 | +€45,229 | +32.2% |
| Trade debts | 44 | €21,959 | €2,045 | -€19,914 | -90.7% |
| Suppliers | 440/4 | €21,959 | €2,045 | -€19,914 | -90.7% |
| Taxes, remuneration and social security | 45 | €19,009 | €30,098 | +€11,089 | +58.3% |
| Taxes | 450/3 | €19,009 | €30,098 | +€11,089 | +58.3% |
| Other amounts payable | 47/48 | €775,115 | €279,007 | -€496,108 | -64.0% |
| Accrued charges and deferred income | 492/3 | €85,545 | €105,548 | +€20,003 | +23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,350 | €126,089 | +€9,739 | +8.4% |
| Other operating charges | 640/8 | €10,670 | €11,005 | +€334 | +3.1% |
| Non-recurring operating charges | 66A | €18,187 | - | -€18,187 | |
| Gross operating margin | 9900 | €311,189 | €315,419 | +€4,230 | +1.4% |
| Operating profit (loss) | 9901 | €165,982 | €178,326 | +€12,343 | +7.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €96,484 | €38,838 | -€57,646 | -59.7% |
| Recurring financial charges | 65 | €46,485 | €38,838 | -€7,647 | -16.5% |
| Non-recurring financial charges | 66B | €49,999 | - | -€49,999 | |
| Profit (loss) for the period before taxes | 9903 | €69,498 | €139,488 | +€69,990 | +101% |
| Income taxes | 67/77 | €1,000 | €36,500 | +€35,500 | +3,550% |
| Profit (loss) for the period | 9904 | €68,498 | €102,988 | +€34,490 | +50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €68,498 | €102,988 | +€34,490 | +50.4% |
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.