KRAZ: 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.
KRAZ
Largest movements
- Cash -€12,211
down €12,211 (-100.0%), from €12,212 to €1
mainly Debts after one year (-€38,356) and Net result for the year (-€30,151)
- Tangible fixed assets -€10,007
down €10,007 (-7.4%), from €135,006 to €124,999
of which Plant, machinery and equipment: -€13,228
- Intangible fixed assets -€5,738
down €5,738 (-11.9%), from €48,119 to €42,381
- Stocks and contracts +€3,500
up €3,500 (+87.5%), from €4,000 to €7,500
- Debts after one year -€38,356
down €38,356 (-26.1%), from €147,021 to €108,666
- Other debts +€35,443
up €35,443 (+70.5%), from €50,245 to €85,688
- Profit (loss) carried forward -€30,151
down €30,151 (-33.2%), from -€90,746 to -€120,898
- Current portion of long-term debt +€18,274
up €18,274 (+49.7%), from €36,759 to €55,033
- Tax, wage and social debts -€11,501
down €11,501 (-59.5%), from €19,343 to €7,841
of which Remuneration and social security: -€10,633
- Staff costs -€29,501
down €29,501 (-35.6%), from €82,900 to €53,399
- Gross operating margin +€24,150
up €24,150 (+75.2%), from €32,113 to €56,263
- Financial charges -€3,184
down €3,184 (-27.8%), from €11,461 to €8,277
- Depreciation -€2,336
down €2,336 (-9.2%), from €25,499 to €23,163
- Other operating charges -€1,431
down €1,431 (-47.3%), from €3,027 to €1,596
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 | €207,800 | €183,128 | -€24,672 | -11.9% |
| Fixed assets | 21/28 | €188,674 | €172,930 | -€15,744 | -8.3% |
| Intangible fixed assets | 21 | €48,119 | €42,381 | -€5,738 | -11.9% |
| Tangible fixed assets | 22/27 | €135,006 | €124,999 | -€10,007 | -7.4% |
| Land and buildings | 22 | €13,018 | €12,951 | -€66 | -0.5% |
| Plant, machinery and equipment | 23 | €114,161 | €100,932 | -€13,228 | -11.6% |
| Furniture and vehicles | 24 | €7,827 | €11,115 | +€3,288 | +42.0% |
| Financial fixed assets | 28 | €5,550 | €5,550 | = | 0.0% |
| Current assets | 29/58 | €19,125 | €10,198 | -€8,927 | -46.7% |
| Stocks and contracts in progress | 3 | €4,000 | €7,500 | +€3,500 | +87.5% |
| Stocks | 30/36 | €4,000 | €7,500 | +€3,500 | +87.5% |
| Amounts receivable within one year | 40/41 | €1,703 | €366 | -€1,337 | -78.5% |
| Trade receivables | 40 | €1,457 | €0 | -€1,457 | -100.0% |
| Other amounts receivable | 41 | €246 | €366 | +€120 | +48.8% |
| Cash at bank and in hand | 54/58 | €12,212 | €1 | -€12,211 | -100.0% |
| Deferred charges and accrued income | 490/1 | €1,211 | €2,331 | +€1,120 | +92.5% |
| Total equity and liabilities | 10/49 | €207,800 | €183,128 | -€24,672 | -11.9% |
| Equity | 10/15 | -€65,746 | -€95,898 | -€30,151 | -45.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,746 | -€120,898 | -€30,151 | -33.2% |
| Amounts payable | 17/49 | €273,546 | €279,026 | +€5,480 | +2.0% |
| Amounts payable after more than one year | 17 | €147,021 | €108,666 | -€38,356 | -26.1% |
| Financial debts | 170/4 | €147,021 | €108,666 | -€38,356 | -26.1% |
| Amounts payable within one year | 42/48 | €126,525 | €170,360 | +€43,835 | +34.6% |
| Current portion of amounts payable after more than one year | 42 | €36,759 | €55,033 | +€18,274 | +49.7% |
| Financial debts | 43 | - | €3,606 | +€3,606 | |
| Credit institutions | 430/8 | - | €3,606 | +€3,606 | |
| Trade debts | 44 | €20,178 | €18,191 | -€1,987 | -9.8% |
| Suppliers | 440/4 | €20,178 | €18,191 | -€1,987 | -9.8% |
| Taxes, remuneration and social security | 45 | €19,343 | €7,841 | -€11,501 | -59.5% |
| Taxes | 450/3 | €7,757 | €6,888 | -€868 | -11.2% |
| Remuneration and social security | 454/9 | €11,586 | €953 | -€10,633 | -91.8% |
| Other amounts payable | 47/48 | €50,245 | €85,688 | +€35,443 | +70.5% |
| Remuneration, social security and pensions | 62 | €82,900 | €53,399 | -€29,501 | -35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,499 | €23,163 | -€2,336 | -9.2% |
| Other operating charges | 640/8 | €3,027 | €1,596 | -€1,431 | -47.3% |
| Gross operating margin | 9900 | €32,113 | €56,263 | +€24,150 | +75.2% |
| Operating profit (loss) | 9901 | -€79,313 | -€21,895 | +€57,419 | +72.4% |
| Financial income | 75/76B | €28 | €21 | -€7 | -25.9% |
| Recurring financial income | 75 | €28 | €21 | -€7 | -25.9% |
| Financial charges | 65/66B | €11,461 | €8,277 | -€3,184 | -27.8% |
| Recurring financial charges | 65 | €11,461 | €8,277 | -€3,184 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | -€90,746 | -€30,151 | +€60,596 | +66.8% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€90,746 | -€30,151 | +€60,595 | +66.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€90,746 | -€30,151 | +€60,595 | +66.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.