KRC M: 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.
KRC M
Largest movements
- Stocks and contracts +€174,161
up €174,161 (+36.9%), from €471,445 to €645,606
- Cash +€37,533
up €37,533 (+56237.4%), from €67 to €37,600
mainly Short-term financial debts (+€166,250) and Debts after one year (+€15,717)
- Short-term financial debts +€166,250
up €166,250 (+98.5%), from €168,750 to €335,000
- Debts after one year +€15,717
up €15,717 (+5.4%), from €292,573 to €308,290
of which Other amounts payable: +€22,208
- Accrued charges and deferred income +€10,616
up €10,616 (+111.5%), from €9,518 to €20,134
- Gross operating margin -€8,419
down €8,419 (-27.8%), from €30,249 to €21,829
- Taxes -€1,913
down €1,913 (-38.1%), from €5,024 to €3,110
- Financial charges +€606
up €606 (+8.2%), from €7,372 to €7,978
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 | €633,557 | €836,877 | +€203,321 | +32.1% |
| Fixed assets | 21/28 | €151,948 | €148,633 | -€3,314 | -2.2% |
| Tangible fixed assets | 22/27 | €151,195 | €147,880 | -€3,314 | -2.2% |
| Land and buildings | 22 | €150,534 | €145,385 | -€5,148 | -3.4% |
| Plant, machinery and equipment | 23 | €293 | €0 | -€293 | -100.0% |
| Furniture and vehicles | 24 | €368 | €2,495 | +€2,127 | +577.5% |
| Financial fixed assets | 28 | €753 | €753 | = | 0.0% |
| Current assets | 29/58 | €481,609 | €688,244 | +€206,635 | +42.9% |
| Stocks and contracts in progress | 3 | €471,445 | €645,606 | +€174,161 | +36.9% |
| Stocks | 30/36 | €471,445 | €645,606 | +€174,161 | +36.9% |
| Amounts receivable within one year | 40/41 | €6,779 | €2,683 | -€4,096 | -60.4% |
| Trade receivables | 40 | €1,222 | - | -€1,222 | |
| Other amounts receivable | 41 | €5,557 | €2,683 | -€2,875 | -51.7% |
| Cash at bank and in hand | 54/58 | €67 | €37,600 | +€37,533 | +56237.4% |
| Deferred charges and accrued income | 490/1 | €3,318 | €2,356 | -€962 | -29.0% |
| Total equity and liabilities | 10/49 | €633,557 | €836,877 | +€203,321 | +32.1% |
| Equity | 10/15 | €88,045 | €91,237 | +€3,192 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,445 | €72,637 | +€3,192 | +4.6% |
| Non-distributable reserves | 130/1 | €761 | €761 | = | 0.0% |
| Reserves not available under the articles | 1311 | €761 | €761 | = | 0.0% |
| Distributable reserves | 133 | €68,684 | €71,876 | +€3,192 | +4.6% |
| Amounts payable | 17/49 | €545,512 | €745,640 | +€200,129 | +36.7% |
| Amounts payable after more than one year | 17 | €292,573 | €308,290 | +€15,717 | +5.4% |
| Financial debts | 170/4 | €157,087 | €150,595 | -€6,492 | -4.1% |
| Other amounts payable | 178/9 | €135,486 | €157,694 | +€22,208 | +16.4% |
| Amounts payable within one year | 42/48 | €243,421 | €417,216 | +€173,796 | +71.4% |
| Current portion of amounts payable after more than one year | 42 | €6,227 | €6,492 | +€265 | +4.2% |
| Financial debts | 43 | €168,750 | €335,000 | +€166,250 | +98.5% |
| Credit institutions | 430/8 | €168,750 | €335,000 | +€166,250 | +98.5% |
| Trade debts | 44 | €7,745 | €12,888 | +€5,142 | +66.4% |
| Suppliers | 440/4 | €7,745 | €12,888 | +€5,142 | +66.4% |
| Advances received on contracts in progress | 46 | €1,000 | - | -€1,000 | |
| Taxes, remuneration and social security | 45 | - | €3,110 | +€3,110 | |
| Taxes | 450/3 | - | €3,110 | +€3,110 | |
| Other amounts payable | 47/48 | €59,698 | €59,727 | +€29 | 0.0% |
| Accrued charges and deferred income | 492/3 | €9,518 | €20,134 | +€10,616 | +111.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,606 | €5,751 | +€145 | +2.6% |
| Other operating charges | 640/8 | €1,655 | €1,806 | +€152 | +9.2% |
| Gross operating margin | 9900 | €30,249 | €21,829 | -€8,419 | -27.8% |
| Operating profit (loss) | 9901 | €22,989 | €14,272 | -€8,716 | -37.9% |
| Financial income | 75/76B | €3 | €8 | +€6 | +205.8% |
| Recurring financial income | 75 | €3 | €8 | +€6 | +205.8% |
| Financial charges | 65/66B | €7,372 | €7,978 | +€606 | +8.2% |
| Recurring financial charges | 65 | €7,372 | €7,978 | +€606 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €15,619 | €6,303 | -€9,316 | -59.6% |
| Income taxes | 67/77 | €5,024 | €3,110 | -€1,913 | -38.1% |
| Profit (loss) for the period | 9904 | €10,595 | €3,192 | -€7,403 | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,595 | €3,192 | -€7,403 | -69.9% |
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 3 October 2026 via checked.be.