KRIEJO: 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.
What changed
KRIEJO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3,739
2024 · €434+€3,304
Equity
€1.1m
2024 · €1.1m+€3,739
Cash
€250,733
2024 · €169,787+€80,946
Balance sheet total
€2.2m
2024 · €2.3m-€35,722
Largest movements
Assets
- Tangible fixed assets -€108,167
down €108,167 (-5.4%), from €2.0m to €1.9m
of which Land and buildings: -€110,409
- Cash +€80,946
up €80,946 (+47.7%), from €169,787 to €250,733
mainly Depreciation (+€112,265) and Receivables within one year (+€5,618)
Equity and liabilities
- Debts after one year -€34,482
down €34,482 (-7.9%), from €436,106 to €401,624
Income statement
- Depreciation -€13,299
down €13,299 (-10.6%), from €125,564 to €112,265
- Taxes +€8,989
up €8,989 (+235.2%), from €3,822 to €12,810
- Financial charges +€7,036
up €7,036 (+130.9%), from €5,377 to €12,413
- Other operating charges -€5,058
down €5,058 (-36.1%), from €14,012 to €8,954
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.
Result 2024
€434
Gross operating margin
+€992
Depreciation
+€13,299
Other operating charges
+€5,058
Financial income
-€20
Financial charges
-€7,036
Taxes
-€8,989
Result 2025
€3,739
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.
From operations
+€119,134
Investment
-€4,098
Financing
-€34,090
Cash 2024
€169,787
From operations (derived)
+€119,134
Net result for the year
+€3,739
Depreciation
+€112,265
Receivables within one year
+€5,618
Deferred charges and accrued income
+€2,883
Provisions
-€8,049
Trade debts
+€3,593
Tax, wage and social debts
+€2,613
Other debts
-€3,660
Accrued charges and deferred income
+€133
Investment (derived)
-€4,098
Investment in fixed assets (net)
-€4,098
Financing
-€34,090
Debts after one year
-€34,482
Current portion of long-term debt
+€392
Cash 2025
€250,733
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,285,347 | €2,249,625 | -€35,722 | -1.6% |
| Fixed assets | 21/28 | €2,002,747 | €1,894,581 | -€108,167 | -5.4% |
| Tangible fixed assets | 22/27 | €2,002,747 | €1,894,581 | -€108,167 | -5.4% |
| Land and buildings | 22 | €1,995,191 | €1,884,782 | -€110,409 | -5.5% |
| Plant, machinery and equipment | 23 | €5,318 | €8,181 | +€2,863 | +53.8% |
| Furniture and vehicles | 24 | €2,238 | €1,617 | -€621 | -27.7% |
| Current assets | 29/58 | €282,599 | €355,044 | +€72,445 | +25.6% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,304 | €686 | -€5,618 | -89.1% |
| Trade receivables | 40 | - | €390 | +€390 | |
| Other amounts receivable | 41 | €6,304 | €297 | -€6,008 | -95.3% |
| Cash at bank and in hand | 54/58 | €169,787 | €250,733 | +€80,946 | +47.7% |
| Deferred charges and accrued income | 490/1 | €6,508 | €3,625 | -€2,883 | -44.3% |
| Total equity and liabilities | 10/49 | €2,285,347 | €2,249,625 | -€35,722 | -1.6% |
| Equity | 10/15 | €1,056,200 | €1,059,939 | +€3,739 | +0.4% |
| Contributions | 10/11 | €394,000 | €394,000 | = | 0.0% |
| Capital | 10 | €394,000 | €394,000 | = | 0.0% |
| Issued capital | 100 | €394,000 | €394,000 | = | 0.0% |
| Reserves | 13 | €473,220 | €476,958 | +€3,739 | +0.8% |
| Non-distributable reserves | 130/1 | €20,951 | €22,477 | +€1,526 | +7.3% |
| Legal reserve | 130 | €20,951 | €22,477 | +€1,526 | +7.3% |
| Tax-exempt reserves | 132 | €217,694 | €193,545 | -€24,148 | -11.1% |
| Distributable reserves | 133 | €234,575 | €260,936 | +€26,361 | +11.2% |
| Profit (loss) carried forward | 14 | €188,980 | €188,980 | = | 0.0% |
| Provisions and deferred taxes | 16 | €72,565 | €64,515 | -€8,049 | -11.1% |
| Deferred taxes | 168 | €72,565 | €64,515 | -€8,049 | -11.1% |
| Amounts payable | 17/49 | €1,156,582 | €1,125,171 | -€31,411 | -2.7% |
| Amounts payable after more than one year | 17 | €436,106 | €401,624 | -€34,482 | -7.9% |
| Financial debts | 170/4 | €436,106 | €401,624 | -€34,482 | -7.9% |
| Amounts payable within one year | 42/48 | €719,060 | €721,998 | +€2,938 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €34,090 | €34,482 | +€392 | +1.1% |
| Trade debts | 44 | €1,278 | €4,871 | +€3,593 | +281.2% |
| Suppliers | 440/4 | €1,278 | €4,871 | +€3,593 | +281.2% |
| Taxes, remuneration and social security | 45 | €370 | €2,982 | +€2,613 | +706.2% |
| Taxes | 450/3 | €370 | €2,982 | +€2,613 | +706.2% |
| Other amounts payable | 47/48 | €683,322 | €679,662 | -€3,660 | -0.5% |
| Accrued charges and deferred income | 492/3 | €1,416 | €1,549 | +€133 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,564 | €112,265 | -€13,299 | -10.6% |
| Other operating charges | 640/8 | €14,012 | €8,954 | -€5,058 | -36.1% |
| Gross operating margin | 9900 | €138,136 | €139,128 | +€992 | +0.7% |
| Operating profit (loss) | 9901 | -€1,440 | €17,909 | +€19,349 | |
| Financial income | 75/76B | €3,024 | €3,003 | -€20 | -0.7% |
| Recurring financial income | 75 | €3,024 | €3,003 | -€20 | -0.7% |
| Financial charges | 65/66B | €5,377 | €12,413 | +€7,036 | +130.9% |
| Recurring financial charges | 65 | €5,377 | €12,413 | +€7,036 | +130.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,793 | €8,500 | +€12,293 | |
| Transfer from deferred taxes | 780 | €8,049 | €8,049 | = | 0.0% |
| Income taxes | 67/77 | €3,822 | €12,810 | +€8,989 | +235.2% |
| Profit (loss) for the period | 9904 | €434 | €3,739 | +€3,304 | +760.6% |
| Transfer from tax-exempt reserves | 789 | €24,148 | €24,148 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,583 | €27,887 | +€3,304 | +13.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.