KRIS DE PAUW: 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.
KRIS DE PAUW
Largest movements
- Cash -€19,666
down €19,666 (-39.0%), from €50,459 to €30,793
mainly Investment in fixed assets (net) (-€35,362) and Debts after one year (-€26,972)
- Debts after one year -€26,972
down €26,972 (-19.6%), from €137,303 to €110,331
of which Financial debts: -€26,972
- Reserves +€19,650
up €19,650 (+8.9%), from €220,853 to €240,503
of which Distributable reserves: +€19,650
- Other debts -€11,973
down €11,973 (-15.2%), from €78,970 to €66,997
- Trade debts -€10,178
down €10,178 (-87.6%), from €11,623 to €1,445
- Gross operating margin -€14,436
down €14,436 (-15.4%), from €93,529 to €79,092
- Financial charges -€2,838
down €2,838 (-22.1%), from €12,817 to €9,978
- Taxes -€1,901
down €1,901 (-19.1%), from €9,971 to €8,070
- Depreciation -€1,133
down €1,133 (-2.9%), from €39,038 to €37,906
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 | €501,233 | €474,415 | -€26,818 | -5.4% |
| Fixed assets | 21/28 | €391,784 | €389,240 | -€2,544 | -0.6% |
| Tangible fixed assets | 22/27 | €391,324 | €388,780 | -€2,544 | -0.7% |
| Land and buildings | 22 | €331,734 | €313,902 | -€17,832 | -5.4% |
| Plant, machinery and equipment | 23 | €14,024 | €40,890 | +€26,866 | +192% |
| Furniture and vehicles | 24 | €45,566 | €33,988 | -€11,578 | -25.4% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €460 | €460 | = | 0.0% |
| Current assets | 29/58 | €109,449 | €85,175 | -€24,274 | -22.2% |
| Amounts receivable within one year | 40/41 | €57,877 | €53,731 | -€4,146 | -7.2% |
| Trade receivables | 40 | €50,347 | €38,264 | -€12,083 | -24.0% |
| Other amounts receivable | 41 | €7,530 | €15,467 | +€7,936 | +105% |
| Cash at bank and in hand | 54/58 | €50,459 | €30,793 | -€19,666 | -39.0% |
| Deferred charges and accrued income | 490/1 | €1,113 | €651 | -€462 | -41.5% |
| Total equity and liabilities | 10/49 | €501,233 | €474,415 | -€26,818 | -5.4% |
| Equity | 10/15 | €233,576 | €253,278 | +€19,702 | +8.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €220,853 | €240,503 | +€19,650 | +8.9% |
| Tax-exempt reserves | 132 | €152 | €152 | = | 0.0% |
| Distributable reserves | 133 | €220,701 | €240,351 | +€19,650 | +8.9% |
| Profit (loss) carried forward | 14 | €322 | €375 | +€52 | +16.2% |
| Amounts payable | 17/49 | €267,657 | €221,137 | -€46,520 | -17.4% |
| Amounts payable after more than one year | 17 | €137,303 | €110,331 | -€26,972 | -19.6% |
| Financial debts | 170/4 | €135,803 | €108,831 | -€26,972 | -19.9% |
| Other amounts payable | 178/9 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €130,314 | €110,771 | -€19,543 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €26,682 | €26,972 | +€290 | +1.1% |
| Trade debts | 44 | €11,623 | €1,445 | -€10,178 | -87.6% |
| Suppliers | 440/4 | €11,623 | €1,445 | -€10,178 | -87.6% |
| Taxes, remuneration and social security | 45 | €13,038 | €15,356 | +€2,318 | +17.8% |
| Taxes | 450/3 | €13,038 | €12,950 | -€88 | -0.7% |
| Remuneration and social security | 454/9 | - | €2,406 | +€2,406 | |
| Other amounts payable | 47/48 | €78,970 | €66,997 | -€11,973 | -15.2% |
| Accrued charges and deferred income | 492/3 | €41 | €36 | -€5 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,038 | €37,906 | -€1,133 | -2.9% |
| Other operating charges | 640/8 | €4,116 | €3,439 | -€677 | -16.4% |
| Gross operating margin | 9900 | €93,529 | €79,092 | -€14,436 | -15.4% |
| Operating profit (loss) | 9901 | €50,374 | €37,748 | -€12,627 | -25.1% |
| Financial income | 75/76B | €6 | €3 | -€3 | -53.4% |
| Recurring financial income | 75 | €6 | €3 | -€3 | -53.4% |
| Financial charges | 65/66B | €12,817 | €9,978 | -€2,838 | -22.1% |
| Recurring financial charges | 65 | €12,817 | €9,978 | -€2,838 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €37,564 | €27,772 | -€9,792 | -26.1% |
| Income taxes | 67/77 | €9,971 | €8,070 | -€1,901 | -19.1% |
| Profit (loss) for the period | 9904 | €27,593 | €19,702 | -€7,891 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,593 | €19,702 | -€7,891 | -28.6% |
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 30 October 2026 via checked.be.