KREGLINGER: 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.
KREGLINGER
Largest movements
- Tangible fixed assets -€31,882
down €31,882 (-8.0%), from €397,746 to €365,864
of which Plant, machinery and equipment: -€21,943
- Receivables within one year +€28,588
up €28,588 (+30.7%), from €93,219 to €121,807
of which Trade receivables: +€27,934
- Deferred charges and accrued income -€9,607
down €9,607 (-98.1%), from €9,794 to €187
- Cash +€6,580
up €6,580 (+314.3%), from €2,094 to €8,674
mainly Net result for the year (+€54,709) and Depreciation (+€47,930)
- Reserves +€50,000
up €50,000 (+43.4%), from €115,099 to €165,099
of which Distributable reserves: +€50,000
- Trade debts -€48,103
down €48,103 (-78.2%), from €61,526 to €13,423
- Debts after one year -€28,269
down €28,269 (-31.2%), from €90,691 to €62,422
- Tax, wage and social debts +€24,638
up €24,638 (+87.0%), from €28,332 to €52,970
of which Taxes: +€19,797
- Current portion of long-term debt -€6,827
down €6,827 (-19.5%), from €35,096 to €28,269
- Staff costs -€56,132
down €56,132 (-23.7%), from €237,099 to €180,967
- Depreciation -€29,603
down €29,603 (-38.2%), from €77,532 to €47,930
- Gross operating margin +€28,040
up €28,040 (+10.0%), from €281,704 to €309,744
- Taxes +€14,221
up €14,221 (+4901.1%), from €290 to €14,511
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 | €502,951 | €496,631 | -€6,320 | -1.3% |
| Fixed assets | 21/28 | €397,845 | €365,963 | -€31,882 | -8.0% |
| Tangible fixed assets | 22/27 | €397,746 | €365,864 | -€31,882 | -8.0% |
| Land and buildings | 22 | €211,625 | €208,056 | -€3,569 | -1.7% |
| Plant, machinery and equipment | 23 | €178,841 | €156,898 | -€21,943 | -12.3% |
| Furniture and vehicles | 24 | €7,279 | €910 | -€6,370 | -87.5% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €105,106 | €130,668 | +€25,562 | +24.3% |
| Amounts receivable within one year | 40/41 | €93,219 | €121,807 | +€28,588 | +30.7% |
| Trade receivables | 40 | €88,548 | €116,482 | +€27,934 | +31.5% |
| Other amounts receivable | 41 | €4,671 | €5,325 | +€655 | +14.0% |
| Cash at bank and in hand | 54/58 | €2,094 | €8,674 | +€6,580 | +314.3% |
| Deferred charges and accrued income | 490/1 | €9,794 | €187 | -€9,607 | -98.1% |
| Total equity and liabilities | 10/49 | €502,951 | €496,631 | -€6,320 | -1.3% |
| Equity | 10/15 | €221,631 | €272,119 | +€50,489 | +22.8% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €115,099 | €165,099 | +€50,000 | +43.4% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,500 | €10,500 | = | 0.0% |
| Distributable reserves | 133 | €101,500 | €151,500 | +€50,000 | +49.3% |
| Profit (loss) carried forward | 14 | €55,425 | €60,134 | +€4,709 | +8.5% |
| Investment grants | 15 | €20,120 | €15,900 | -€4,220 | -21.0% |
| Provisions and deferred taxes | 16 | €239 | - | -€239 | |
| Deferred taxes | 168 | €239 | - | -€239 | |
| Amounts payable | 17/49 | €281,082 | €224,512 | -€56,570 | -20.1% |
| Amounts payable after more than one year | 17 | €90,691 | €62,422 | -€28,269 | -31.2% |
| Financial debts | 170/4 | €90,691 | €62,422 | -€28,269 | -31.2% |
| Amounts payable within one year | 42/48 | €190,391 | €162,090 | -€28,301 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | €35,096 | €28,269 | -€6,827 | -19.5% |
| Trade debts | 44 | €61,526 | €13,423 | -€48,103 | -78.2% |
| Suppliers | 440/4 | €61,526 | €13,423 | -€48,103 | -78.2% |
| Taxes, remuneration and social security | 45 | €28,332 | €52,970 | +€24,638 | +87.0% |
| Taxes | 450/3 | €9,351 | €29,147 | +€19,797 | +211.7% |
| Remuneration and social security | 454/9 | €18,981 | €23,823 | +€4,842 | +25.5% |
| Other amounts payable | 47/48 | €65,437 | €67,428 | +€1,991 | +3.0% |
| Non-recurring operating income | 76A | €31 | - | -€31 | |
| Remuneration, social security and pensions | 62 | €237,099 | €180,967 | -€56,132 | -23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,532 | €47,930 | -€29,603 | -38.2% |
| Other operating charges | 640/8 | €12,674 | €11,133 | -€1,541 | -12.2% |
| Non-recurring operating charges | 66A | €437 | - | -€437 | |
| Gross operating margin | 9900 | €281,704 | €309,744 | +€28,040 | +10.0% |
| Operating profit (loss) | 9901 | -€46,038 | €69,715 | +€115,752 | |
| Financial income | 75/76B | €5,349 | €4,356 | -€993 | -18.6% |
| Recurring financial income | 75 | €5,349 | €4,356 | -€993 | -18.6% |
| Financial charges | 65/66B | €7,696 | €5,089 | -€2,607 | -33.9% |
| Recurring financial charges | 65 | €7,696 | €5,089 | -€2,607 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | -€48,385 | €68,981 | +€117,366 | |
| Transfer from deferred taxes | 780 | €349 | €239 | -€111 | -31.7% |
| Income taxes | 67/77 | €290 | €14,511 | +€14,221 | +4901.1% |
| Profit (loss) for the period | 9904 | -€48,325 | €54,709 | +€103,034 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,325 | €54,709 | +€103,034 |
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 29 September 2026 via checked.be.