KRINAFARM: what changed
What changed
KRINAFARM
NACE 01.500, Mixed farming
filed annual accounts (NBB)
Net result for the year
€51,475
2024 · €1.1m-€1.1m
Equity
€1.3m
2024 · €1.2m+€23,173
Cash
€90,367
2024 · €19,837+€70,530
Balance sheet total
€6.4m
2024 · €6.8m-€347,880
Largest movements
Assets
- Stocks and contracts -€422,199
down €422,199 (-21.0%), from €2.0m to €1.6m
- Receivables after one year -€167,569
down €167,569 (-52.5%), from €319,205 to €151,635
- Receivables within one year +€125,318
up €125,318 (+76.7%), from €163,328 to €288,646
of which Other amounts receivable: +€109,872
- Cash +€70,530
up €70,530 (+356%), from €19,837 to €90,367
mainly Depreciation (+€579,087) and Stocks and contracts (+€422,199)
Equity and liabilities
- Debts after one year -€273,671
down €273,671 (-8.5%), from €3.2m to €3.0m
of which Financial debts: -€282,353
- Trade debts -€104,529
down €104,529 (-8.0%), from €1.3m to €1.2m
Income statement
- Gross operating margin -€1.1m
down €1.1m (-53.6%), from €2.0m to €919,430
- Taxes -€65,463
down €65,463 (-89.4%), from €73,232 to €7,769
- Staff costs +€42,339
up €42,339 (+41.9%), from €101,044 to €143,384
- Depreciation +€34,913
up €34,913 (+6.4%), from €544,174 to €579,087
- Financial charges -€20,424
down €20,424 (-12.1%), from €169,264 to €148,839
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.1m
Gross operating margin
-€1.1m
Staff costs
-€42,339
Depreciation
-€34,913
Other operating charges
-€5,540
Other operating items
+€6,987
Financial income
-€107
Financial charges
+€20,424
Taxes
+€65,463
Result 2025
€51,475
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€968,868
Investment
-€616,950
Financing
-€281,388
Cash 2024
€19,837
From operations (derived)
+€968,868
Net result for the year
+€51,475
Depreciation
+€579,087
Receivables after one year
+€167,569
Stocks and contracts
+€422,199
Receivables within one year
-€125,318
Deferred charges and accrued income
-€8,178
Trade debts
-€104,529
Tax, wage and social debts
-€13,449
Accrued charges and deferred income
+€11
Investment (derived)
-€616,950
Investment in fixed assets (net)
-€616,950
Financing
-€281,388
Debts after one year
-€273,671
Current portion of long-term debt
+€20,585
Contributions, distributions and other
-€28,302
Cash 2025
€90,367
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,785,894 | €6,438,014 | -€347,880 | -5.1% |
| Fixed assets | 21/28 | €4,187,533 | €4,225,396 | +€37,863 | +0.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €4,167,034 | €4,203,582 | +€36,548 | +0.9% |
| Land and buildings | 22 | €3,359,799 | €3,129,677 | -€230,122 | -6.8% |
| Plant, machinery and equipment | 23 | €666,664 | €948,937 | +€282,272 | +42.3% |
| Furniture and vehicles | 24 | €140,570 | €124,968 | -€15,602 | -11.1% |
| Financial fixed assets | 28 | €20,499 | €21,814 | +€1,315 | +6.4% |
| Current assets | 29/58 | €2,598,361 | €2,212,618 | -€385,743 | -14.8% |
| Amounts receivable after more than one year | 29 | €319,205 | €151,635 | -€167,569 | -52.5% |
| Other amounts receivable | 291 | €319,205 | €151,635 | -€167,569 | -52.5% |
| Stocks and contracts in progress | 3 | €2,007,734 | €1,585,535 | -€422,199 | -21.0% |
| Stocks | 30/36 | €2,007,734 | €1,585,535 | -€422,199 | -21.0% |
| Amounts receivable within one year | 40/41 | €163,328 | €288,646 | +€125,318 | +76.7% |
| Trade receivables | 40 | €132,494 | €147,940 | +€15,446 | +11.7% |
| Other amounts receivable | 41 | €30,834 | €140,706 | +€109,872 | +356% |
| Cash at bank and in hand | 54/58 | €19,837 | €90,367 | +€70,530 | +356% |
| Deferred charges and accrued income | 490/1 | €88,257 | €96,435 | +€8,178 | +9.3% |
| Total equity and liabilities | 10/49 | €6,785,894 | €6,438,014 | -€347,880 | -5.1% |
| Equity | 10/15 | €1,242,370 | €1,265,543 | +€23,173 | +1.9% |
| Contributions | 10/11 | €377,200 | €377,200 | = | 0.0% |
| Reserves | 13 | €707,609 | €759,083 | +€51,475 | +7.3% |
| Distributable reserves | 133 | €707,609 | €759,083 | +€51,475 | +7.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €157,561 | €129,259 | -€28,302 | -18.0% |
| Amounts payable | 17/49 | €5,543,524 | €5,172,471 | -€371,053 | -6.7% |
| Amounts payable after more than one year | 17 | €3,234,648 | €2,960,978 | -€273,671 | -8.5% |
| Financial debts | 170/4 | €3,234,648 | €2,952,295 | -€282,353 | -8.7% |
| Other amounts payable | 178/9 | - | €8,682 | +€8,682 | |
| Amounts payable within one year | 42/48 | €2,308,763 | €2,211,370 | -€97,393 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €495,592 | €516,176 | +€20,585 | +4.2% |
| Financial debts | 43 | €430,000 | €430,000 | = | 0.0% |
| Credit institutions | 430/8 | €430,000 | €430,000 | = | 0.0% |
| Trade debts | 44 | €1,298,949 | €1,194,420 | -€104,529 | -8.0% |
| Suppliers | 440/4 | €1,298,949 | €1,194,420 | -€104,529 | -8.0% |
| Taxes, remuneration and social security | 45 | €84,222 | €70,773 | -€13,449 | -16.0% |
| Taxes | 450/3 | €73,036 | €68,969 | -€4,067 | -5.6% |
| Remuneration and social security | 454/9 | €11,187 | €1,805 | -€9,382 | -83.9% |
| Accrued charges and deferred income | 492/3 | €112 | €123 | +€11 | +10.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €101,044 | €143,384 | +€42,339 | +41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €544,174 | €579,087 | +€34,913 | +6.4% |
| Other operating charges | 640/8 | €37,886 | €43,426 | +€5,540 | +14.6% |
| Non-recurring operating charges | 66A | €6,987 | €0 | -€6,987 | -100% |
| Gross operating margin | 9900 | €1,980,856 | €919,430 | -€1.1m | -53.6% |
| Operating profit (loss) | 9901 | €1,290,763 | €153,533 | -€1.1m | -88.1% |
| Financial income | 75/76B | €54,658 | €54,551 | -€107 | -0.2% |
| Recurring financial income | 75 | €54,658 | €54,551 | -€107 | -0.2% |
| Financial charges | 65/66B | €169,264 | €148,839 | -€20,424 | -12.1% |
| Recurring financial charges | 65 | €169,264 | €148,839 | -€20,424 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €1,176,157 | €59,244 | -€1.1m | -95.0% |
| Income taxes | 67/77 | €73,232 | €7,769 | -€65,463 | -89.4% |
| Profit (loss) for the period | 9904 | €1,102,925 | €51,475 | -€1.1m | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,102,925 | €51,475 | -€1.1m | -95.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.