KRAVEN: 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.
KRAVEN
Largest movements
- Cash +€22,074
up €22,074 (+33.1%), from €66,599 to €88,674
mainly Net result for the year (+€13,622) and Depreciation (+€4,744)
- Tangible fixed assets -€3,590
down €3,590 (-18.6%), from €19,278 to €15,688
of which Land and buildings: -€2,163
- Reserves +€13,622
up €13,622 (+29.7%), from €45,808 to €59,430
- Trade debts +€1,929
up €1,929 (+38.9%), from €4,957 to €6,886
- Other debts +€1,407
up €1,407 (+6.7%), from €21,043 to €22,450
- Gross operating margin +€2,171
up €2,171 (+7.0%), from €31,099 to €33,271
- Taxes +€1,606
up €1,606 (+33.0%), from €4,868 to €6,475
- Financial charges +€960
up €960 (+68.0%), from €1,412 to €2,372
- Depreciation -€356
down €356 (-7.0%), from €5,100 to €4,744
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 | €90,706 | €108,741 | +€18,035 | +19.9% |
| Fixed assets | 21/28 | €19,278 | €15,688 | -€3,590 | -18.6% |
| Tangible fixed assets | 22/27 | €19,278 | €15,688 | -€3,590 | -18.6% |
| Land and buildings | 22 | €12,573 | €10,410 | -€2,163 | -17.2% |
| Plant, machinery and equipment | 23 | €6,255 | €5,120 | -€1,134 | -18.1% |
| Furniture and vehicles | 24 | €450 | €157 | -€292 | -65.0% |
| Current assets | 29/58 | €71,428 | €93,053 | +€21,625 | +30.3% |
| Stocks and contracts in progress | 3 | €3,458 | €3,027 | -€431 | -12.5% |
| Stocks | 30/36 | €3,458 | €3,027 | -€431 | -12.5% |
| Amounts receivable within one year | 40/41 | €1,370 | €1,352 | -€18 | -1.3% |
| Trade receivables | 40 | €235 | €217 | -€18 | -7.7% |
| Other amounts receivable | 41 | €1,135 | €1,135 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €66,599 | €88,674 | +€22,074 | +33.1% |
| Total equity and liabilities | 10/49 | €90,706 | €108,741 | +€18,035 | +19.9% |
| Equity | 10/15 | €58,208 | €71,830 | +€13,622 | +23.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €45,808 | €59,430 | +€13,622 | +29.7% |
| Distributable reserves | 133 | €45,808 | €59,430 | +€13,622 | +29.7% |
| Amounts payable | 17/49 | €32,498 | €36,912 | +€4,414 | +13.6% |
| Amounts payable within one year | 42/48 | €32,498 | €36,912 | +€4,414 | +13.6% |
| Trade debts | 44 | €4,957 | €6,886 | +€1,929 | +38.9% |
| Suppliers | 440/4 | €4,957 | €6,886 | +€1,929 | +38.9% |
| Taxes, remuneration and social security | 45 | €6,498 | €7,575 | +€1,078 | +16.6% |
| Taxes | 450/3 | €4,198 | €5,275 | +€1,078 | +25.7% |
| Remuneration and social security | 454/9 | €2,300 | €2,300 | = | 0.0% |
| Other amounts payable | 47/48 | €21,043 | €22,450 | +€1,407 | +6.7% |
| Remuneration, social security and pensions | 62 | €3,509 | €3,427 | -€82 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,100 | €4,744 | -€356 | -7.0% |
| Other operating charges | 640/8 | €2,785 | €2,664 | -€121 | -4.4% |
| Gross operating margin | 9900 | €31,099 | €33,271 | +€2,171 | +7.0% |
| Operating profit (loss) | 9901 | €19,706 | €22,436 | +€2,730 | +13.9% |
| Financial income | 75/76B | €42 | €33 | -€9 | -21.0% |
| Recurring financial income | 75 | €42 | €33 | -€9 | -21.0% |
| Financial charges | 65/66B | €1,412 | €2,372 | +€960 | +68.0% |
| Recurring financial charges | 65 | €1,412 | €2,372 | +€960 | +68.0% |
| Profit (loss) for the period before taxes | 9903 | €18,335 | €20,096 | +€1,761 | +9.6% |
| Income taxes | 67/77 | €4,868 | €6,475 | +€1,606 | +33.0% |
| Profit (loss) for the period | 9904 | €13,467 | €13,622 | +€155 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,467 | €13,622 | +€155 | +1.2% |
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 20 October 2026 via checked.be.