KRB: 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.
KRB
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€9,836
down €9,836 (-10.6%), from €93,122 to €83,285
of which Financial debts: -€9,836
- Reserves +€4,846
up €4,846 (+1.6%), from €300,071 to €304,917
- Gross operating margin +€6,410
up €6,410 (+53.7%), from €11,929 to €18,339
- Taxes +€1,566
up €1,566 (+549%), from €285 to €1,851
- Financial charges -€411
down €411 (-10.1%), from €4,088 to €3,677
- Other operating charges +€319
up €319 (+5.9%), from €5,414 to €5,733
- Depreciation -€223
down €223 (-8.2%), from €2,717 to €2,493
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 | €422,224 | €418,117 | -€4,107 | -1.0% |
| Fixed assets | 21/28 | €359,608 | €357,115 | -€2,493 | -0.7% |
| Intangible fixed assets | 21 | €4,867 | €3,245 | -€1,622 | -33.3% |
| Tangible fixed assets | 22/27 | €349,251 | €348,380 | -€871 | -0.2% |
| Land and buildings | 22 | €329,005 | €328,510 | -€495 | -0.2% |
| Plant, machinery and equipment | 23 | €191 | - | -€191 | |
| Furniture and vehicles | 24 | €20,055 | €19,870 | -€185 | -0.9% |
| Financial fixed assets | 28 | €5,490 | €5,490 | = | 0.0% |
| Current assets | 29/58 | €62,616 | €61,002 | -€1,614 | -2.6% |
| Stocks and contracts in progress | 3 | €5,574 | €6,202 | +€628 | +11.3% |
| Stocks | 30/36 | €5,574 | €6,202 | +€628 | +11.3% |
| Amounts receivable within one year | 40/41 | €2,093 | €3,339 | +€1,246 | +59.6% |
| Trade receivables | 40 | - | €1,488 | +€1,488 | |
| Other amounts receivable | 41 | €2,093 | €1,851 | -€242 | -11.6% |
| Cash at bank and in hand | 54/58 | €53,219 | €49,429 | -€3,790 | -7.1% |
| Deferred charges and accrued income | 490/1 | €1,730 | €2,032 | +€302 | +17.5% |
| Total equity and liabilities | 10/49 | €422,224 | €418,117 | -€4,107 | -1.0% |
| Equity | 10/15 | €318,663 | €323,509 | +€4,846 | +1.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €300,071 | €304,917 | +€4,846 | +1.6% |
| Distributable reserves | 133 | €300,071 | €304,917 | +€4,846 | +1.6% |
| Amounts payable | 17/49 | €103,560 | €94,607 | -€8,953 | -8.6% |
| Amounts payable after more than one year | 17 | €93,122 | €83,285 | -€9,836 | -10.6% |
| Financial debts | 170/4 | €82,022 | €72,185 | -€9,836 | -12.0% |
| Other amounts payable | 178/9 | €11,100 | €11,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €10,438 | €11,322 | +€884 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €9,492 | €9,836 | +€344 | +3.6% |
| Trade debts | 44 | €141 | €608 | +€467 | +332% |
| Suppliers | 440/4 | €141 | €608 | +€467 | +332% |
| Taxes, remuneration and social security | 45 | €806 | €877 | +€72 | +8.9% |
| Taxes | 450/3 | €806 | €877 | +€72 | +8.9% |
| Non-recurring operating income | 76A | €1,750 | - | -€1,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,717 | €2,493 | -€223 | -8.2% |
| Other operating charges | 640/8 | €5,414 | €5,733 | +€319 | +5.9% |
| Gross operating margin | 9900 | €11,929 | €18,339 | +€6,410 | +53.7% |
| Operating profit (loss) | 9901 | €3,798 | €10,112 | +€6,314 | +166% |
| Financial income | 75/76B | €202 | €263 | +€61 | +30.2% |
| Recurring financial income | 75 | €202 | €263 | +€61 | +30.2% |
| Financial charges | 65/66B | €4,088 | €3,677 | -€411 | -10.1% |
| Recurring financial charges | 65 | €4,088 | €3,677 | -€411 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | -€89 | €6,697 | +€6,786 | |
| Income taxes | 67/77 | €285 | €1,851 | +€1,566 | +549% |
| Profit (loss) for the period | 9904 | -€374 | €4,846 | +€5,220 | |
| Profit (loss) for the period to be appropriated | 9905 | -€374 | €4,846 | +€5,220 |
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 14 October 2026 via checked.be.