KRIGORI: 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.
KRIGORI
Largest movements
- Stocks and contracts -€66,818
down €66,818 (-8.0%), from €830,820 to €764,002
- Cash +€17,396
up €17,396 (+290%), from €5,999 to €23,395
mainly Stocks and contracts (+€66,818) and Depreciation (+€14,655)
- Tangible fixed assets -€14,655
down €14,655 (-13.4%), from €109,202 to €94,547
of which Land and buildings: -€9,927
- Current portion of long-term debt -€50,172
no longer reported in 2025 (was €50,172)
- Gross operating margin -€49,840
down €49,840 (-47.2%), from €105,677 to €55,837
- Financial charges -€21,909
down €21,909 (-40.4%), from €54,191 to €32,282
- Staff costs -€12,172
down €12,172 (-91.0%), from €13,369 to €1,197
- Taxes +€3,801
up €3,801 (+63.6%), from €5,976 to €9,777
- Other operating charges -€1,110
down €1,110 (-15.5%), from €7,184 to €6,074
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 | €1,199,947 | €1,128,908 | -€71,039 | -5.9% |
| Fixed assets | 21/28 | €109,600 | €94,945 | -€14,655 | -13.4% |
| Tangible fixed assets | 22/27 | €109,202 | €94,547 | -€14,655 | -13.4% |
| Land and buildings | 22 | €101,634 | €91,707 | -€9,927 | -9.8% |
| Plant, machinery and equipment | 23 | €3,550 | €2,840 | -€710 | -20.0% |
| Furniture and vehicles | 24 | €4,018 | - | -€4,018 | |
| Financial fixed assets | 28 | €398 | €398 | = | 0.0% |
| Current assets | 29/58 | €1,090,347 | €1,033,963 | -€56,384 | -5.2% |
| Stocks and contracts in progress | 3 | €830,820 | €764,002 | -€66,818 | -8.0% |
| Stocks | 30/36 | €830,820 | €764,002 | -€66,818 | -8.0% |
| Amounts receivable within one year | 40/41 | €75,073 | €75,377 | +€304 | +0.4% |
| Trade receivables | 40 | €75,073 | €75,377 | +€304 | +0.4% |
| Current investments | 50/53 | €167,543 | €167,696 | +€153 | +0.1% |
| Cash at bank and in hand | 54/58 | €5,999 | €23,395 | +€17,396 | +290% |
| Deferred charges and accrued income | 490/1 | €10,912 | €3,493 | -€7,419 | -68.0% |
| Total equity and liabilities | 10/49 | €1,199,947 | €1,128,908 | -€71,039 | -5.9% |
| Equity | 10/15 | €336,339 | €328,201 | -€8,138 | -2.4% |
| Contributions | 10/11 | €117,749 | €117,749 | = | 0.0% |
| Capital | 10 | €117,749 | €117,749 | = | 0.0% |
| Issued capital | 100 | €117,749 | €117,749 | = | 0.0% |
| Reserves | 13 | €145,057 | €145,057 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,775 | €11,775 | = | 0.0% |
| Legal reserve | 130 | €11,775 | €11,775 | = | 0.0% |
| Distributable reserves | 133 | €133,282 | €133,282 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,533 | €65,395 | -€8,138 | -11.1% |
| Amounts payable | 17/49 | €863,608 | €800,707 | -€62,901 | -7.3% |
| Amounts payable after more than one year | 17 | €48,350 | €48,350 | = | 0.0% |
| Financial debts | 170/4 | €48,350 | €48,350 | = | 0.0% |
| Amounts payable within one year | 42/48 | €815,258 | €752,357 | -€62,901 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €50,172 | - | -€50,172 | |
| Financial debts | 43 | €730,000 | €730,000 | = | 0.0% |
| Credit institutions | 430/8 | €730,000 | €730,000 | = | 0.0% |
| Trade debts | 44 | - | €3,981 | +€3,981 | |
| Suppliers | 440/4 | - | €3,981 | +€3,981 | |
| Taxes, remuneration and social security | 45 | €14,317 | €6,438 | -€7,879 | -55.0% |
| Taxes | 450/3 | €14,317 | €4,102 | -€10,215 | -71.3% |
| Remuneration and social security | 454/9 | - | €2,336 | +€2,336 | |
| Other amounts payable | 47/48 | €20,769 | €11,938 | -€8,831 | -42.5% |
| Remuneration, social security and pensions | 62 | €13,369 | €1,197 | -€12,172 | -91.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,640 | €14,655 | -€985 | -6.3% |
| Other operating charges | 640/8 | €7,184 | €6,074 | -€1,110 | -15.5% |
| Gross operating margin | 9900 | €105,677 | €55,837 | -€49,840 | -47.2% |
| Operating profit (loss) | 9901 | €69,484 | €33,911 | -€35,573 | -51.2% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €54,191 | €32,282 | -€21,909 | -40.4% |
| Recurring financial charges | 65 | €54,191 | €32,282 | -€21,909 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | €15,293 | €1,639 | -€13,654 | -89.3% |
| Income taxes | 67/77 | €5,976 | €9,777 | +€3,801 | +63.6% |
| Profit (loss) for the period | 9904 | €9,317 | -€8,138 | -€17,455 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,317 | -€8,138 | -€17,455 |
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 15 October 2026 via checked.be.