KRIELS: 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.
KRIELS
Largest movements
- Tangible fixed assets +€445,702
up €445,702 (+2,483%), from €17,947 to €463,649
of which Other tangible fixed assets: +€390,576
- Receivables within one year +€5,476
up €5,476 (+377%), from €1,453 to €6,929
of which Trade receivables: +€5,202
- Debts after one year +€269,769
new in 2025: €269,769
- Other debts +€194,875
up €194,875 (+1,211%), from €16,091 to €210,966
- Profit (loss) carried forward -€66,601
down €66,601 (-344%), from -€19,342 to -€85,943
- Trade debts +€27,199
up €27,199 (+541%), from €5,028 to €32,227
- Current portion of long-term debt +€25,982
new in 2025: €25,982
- Gross operating margin -€29,233
down €29,233 (-3,229%), from -€905 to -€30,139
- Depreciation +€23,062
up €23,062 (+1,081%), from €2,133 to €25,195
- Financial charges +€8,294
up €8,294 (+1,455%), from €570 to €8,864
of which Financial charges: +€8,606
- Other operating charges +€1,618
up €1,618 (+247%), from €655 to €2,274
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 | €20,682 | €473,011 | +€452,329 | +2,187% |
| Fixed assets | 21/28 | €17,947 | €464,399 | +€446,452 | +2,488% |
| Tangible fixed assets | 22/27 | €17,947 | €463,649 | +€445,702 | +2,483% |
| Plant, machinery and equipment | 23 | €4,453 | €16,622 | +€12,169 | +273% |
| Furniture and vehicles | 24 | €1,939 | €44,897 | +€42,958 | +2,216% |
| Other tangible fixed assets | 26 | €11,555 | €402,130 | +€390,576 | +3,380% |
| Financial fixed assets | 28 | - | €750 | +€750 | |
| Current assets | 29/58 | €2,735 | €8,612 | +€5,877 | +215% |
| Amounts receivable within one year | 40/41 | €1,453 | €6,929 | +€5,476 | +377% |
| Trade receivables | 40 | - | €5,202 | +€5,202 | |
| Other amounts receivable | 41 | €1,453 | €1,727 | +€275 | +18.9% |
| Cash at bank and in hand | 54/58 | €306 | €433 | +€127 | +41.6% |
| Deferred charges and accrued income | 490/1 | €977 | €1,250 | +€274 | +28.0% |
| Total equity and liabilities | 10/49 | €20,682 | €473,011 | +€452,329 | +2,187% |
| Equity | 10/15 | -€750 | -€67,351 | -€66,601 | -8,882% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,342 | -€85,943 | -€66,601 | -344% |
| Amounts payable | 17/49 | €21,432 | €540,362 | +€518,931 | +2,421% |
| Amounts payable after more than one year | 17 | - | €269,769 | +€269,769 | |
| Financial debts | 170/4 | - | €269,769 | +€269,769 | |
| Amounts payable within one year | 42/48 | €21,432 | €270,594 | +€249,162 | +1,163% |
| Current portion of amounts payable after more than one year | 42 | - | €25,982 | +€25,982 | |
| Trade debts | 44 | €5,028 | €32,227 | +€27,199 | +541% |
| Suppliers | 440/4 | €5,028 | €32,227 | +€27,199 | +541% |
| Advances received on contracts in progress | 46 | - | €1,176 | +€1,176 | |
| Taxes, remuneration and social security | 45 | €313 | €243 | -€70 | -22.2% |
| Taxes | 450/3 | €313 | €243 | -€70 | -22.2% |
| Other amounts payable | 47/48 | €16,091 | €210,966 | +€194,875 | +1,211% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,133 | €25,195 | +€23,062 | +1,081% |
| Other operating charges | 640/8 | €655 | €2,274 | +€1,618 | +247% |
| Non-recurring operating charges | 66A | €13,883 | - | -€13,883 | |
| Gross operating margin | 9900 | -€905 | -€30,139 | -€29,233 | -3,229% |
| Operating profit (loss) | 9901 | -€17,577 | -€57,608 | -€40,030 | -228% |
| Financial income | 75/76B | - | €73 | +€73 | |
| Recurring financial income | 75 | - | €73 | +€73 | |
| Financial charges | 65/66B | €570 | €8,864 | +€8,294 | +1,455% |
| Recurring financial charges | 65 | €257 | €8,864 | +€8,606 | +3,343% |
| Non-recurring financial charges | 66B | €313 | - | -€313 | |
| Profit (loss) for the period before taxes | 9903 | -€18,148 | -€66,399 | -€48,251 | -266% |
| Income taxes | 67/77 | €174 | €203 | +€29 | +16.6% |
| Profit (loss) for the period | 9904 | -€18,321 | -€66,601 | -€48,280 | -264% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,321 | -€66,601 | -€48,280 | -264% |
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 20 October 2026 via checked.be.