KRIEKELS & PARTNERS: 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.
KRIEKELS & PARTNERS
Largest movements
- Cash +€210,272
up €210,272 (+1,707%), from €12,319 to €222,591
mainly Investment in fixed assets (net) (+€135,525) and Net result for the year (+€107,937)
- Tangible fixed assets -€181,917
down €181,917 (-26.6%), from €684,640 to €502,723
of which Land and buildings: -€150,019
- Receivables after one year -€32,500
down €32,500 (-50.0%), from €64,973 to €32,473
- Receivables within one year +€20,216
up €20,216 (+68.5%), from €29,497 to €49,713
of which Other amounts receivable: +€30,982
- Deferred charges and accrued income -€10,810
down €10,810 (-92.3%), from €11,708 to €898
- Reserves +€112,075
up €112,075 (+103%), from €108,789 to €220,864
- Debts after one year -€58,096
down €58,096 (-27.5%), from €211,573 to €153,477
- Other debts -€41,872
down €41,872 (-25.7%), from €162,855 to €120,983
- Accrued charges and deferred income +€9,654
up €9,654 (+2,730%), from €354 to €10,008
- Gross operating margin +€157,748
up €157,748 (+169%), from €93,273 to €251,022
- Taxes +€23,019
up €23,019 (+45.7%), from €50,366 to €73,385
- Staff costs -€8,763
no longer reported in 2025 (was €8,763)
- Financial charges +€8,251
up €8,251 (+79.9%), from €10,324 to €18,575
- Depreciation -€7,632
down €7,632 (-13.5%), from €56,359 to €48,728
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 | €807,012 | €808,832 | +€1,820 | +0.2% |
| Fixed assets | 21/28 | €687,411 | €503,158 | -€184,253 | -26.8% |
| Intangible fixed assets | 21 | €2,771 | €435 | -€2,336 | -84.3% |
| Tangible fixed assets | 22/27 | €684,640 | €502,723 | -€181,917 | -26.6% |
| Land and buildings | 22 | €528,002 | €377,983 | -€150,019 | -28.4% |
| Plant, machinery and equipment | 23 | €4,251 | €3,580 | -€671 | -15.8% |
| Furniture and vehicles | 24 | €14,656 | €5,162 | -€9,494 | -64.8% |
| Other tangible fixed assets | 26 | €137,731 | €115,999 | -€21,732 | -15.8% |
| Current assets | 29/58 | €119,602 | €305,674 | +€186,073 | +156% |
| Amounts receivable after more than one year | 29 | €64,973 | €32,473 | -€32,500 | -50.0% |
| Other amounts receivable | 291 | €64,973 | €32,473 | -€32,500 | -50.0% |
| Stocks and contracts in progress | 3 | €1,105 | - | -€1,105 | |
| Stocks | 30/36 | €1,105 | - | -€1,105 | |
| Amounts receivable within one year | 40/41 | €29,497 | €49,713 | +€20,216 | +68.5% |
| Trade receivables | 40 | €16,250 | €5,484 | -€10,766 | -66.3% |
| Other amounts receivable | 41 | €13,247 | €44,229 | +€30,982 | +234% |
| Cash at bank and in hand | 54/58 | €12,319 | €222,591 | +€210,272 | +1,707% |
| Deferred charges and accrued income | 490/1 | €11,708 | €898 | -€10,810 | -92.3% |
| Total equity and liabilities | 10/49 | €807,012 | €808,832 | +€1,820 | +0.2% |
| Equity | 10/15 | €332,950 | €440,887 | +€107,937 | +32.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €108,789 | €220,864 | +€112,075 | +103% |
| Distributable reserves | 133 | €108,789 | €220,864 | +€112,075 | +103% |
| Profit (loss) carried forward | 14 | €211,761 | €207,623 | -€4,138 | -2.0% |
| Provisions and deferred taxes | 16 | €2,300 | €2,300 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,300 | €2,300 | = | 0.0% |
| Environmental obligations | 163 | €2,300 | €2,300 | = | 0.0% |
| Amounts payable | 17/49 | €471,762 | €365,646 | -€106,117 | -22.5% |
| Amounts payable after more than one year | 17 | €211,573 | €153,477 | -€58,096 | -27.5% |
| Financial debts | 170/4 | €211,573 | €153,477 | -€58,096 | -27.5% |
| Amounts payable within one year | 42/48 | €259,836 | €202,161 | -€57,675 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €64,334 | €58,096 | -€6,238 | -9.7% |
| Trade debts | 44 | €11,101 | €3,912 | -€7,190 | -64.8% |
| Suppliers | 440/4 | €11,101 | €3,912 | -€7,190 | -64.8% |
| Taxes, remuneration and social security | 45 | €21,546 | €19,171 | -€2,376 | -11.0% |
| Taxes | 450/3 | €21,546 | €19,171 | -€2,376 | -11.0% |
| Other amounts payable | 47/48 | €162,855 | €120,983 | -€41,872 | -25.7% |
| Accrued charges and deferred income | 492/3 | €354 | €10,008 | +€9,654 | +2,730% |
| Non-recurring operating income | 76A | €352 | €122,518 | +€122,166 | +34,674% |
| Remuneration, social security and pensions | 62 | €8,763 | - | -€8,763 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,359 | €48,728 | -€7,632 | -13.5% |
| Other operating charges | 640/8 | €2,451 | €2,399 | -€53 | -2.1% |
| Gross operating margin | 9900 | €93,273 | €251,022 | +€157,748 | +169% |
| Operating profit (loss) | 9901 | €25,700 | €199,895 | +€174,196 | +678% |
| Financial income | 75/76B | €3 | €1 | -€2 | -72.2% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -72.2% |
| Financial charges | 65/66B | €10,324 | €18,575 | +€8,251 | +79.9% |
| Recurring financial charges | 65 | €10,324 | €18,575 | +€8,251 | +79.9% |
| Profit (loss) for the period before taxes | 9903 | €15,378 | €181,321 | +€165,943 | +1,079% |
| Income taxes | 67/77 | €50,366 | €73,385 | +€23,019 | +45.7% |
| Profit (loss) for the period | 9904 | -€34,988 | €107,937 | +€142,924 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,988 | €107,937 | +€142,924 |
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 21 October 2026 via checked.be.