KRIS DUCHENE: 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 DUCHENE
Largest movements
- Cash -€68,631
down €68,631 (-52.3%), from €131,292 to €62,661
mainly Contributions, distributions and other (-€78,073) and Investment in fixed assets (net) (-€28,583)
- Deferred charges and accrued income -€30,386
down €30,386 (-85.9%), from €35,361 to €4,974
- Receivables within one year -€24,196
down €24,196 (-38.6%), from €62,731 to €38,535
of which Trade receivables: -€33,420
- Reserves -€48,279
down €48,279 (-6.7%), from €724,011 to €675,732
- Debts after one year -€27,482
down €27,482 (-51.2%), from €53,633 to €26,150
- Tax, wage and social debts -€27,062
down €27,062 (-90.7%), from €29,844 to €2,781
of which Taxes: -€27,091
- Short-term financial debts -€25,041
down €25,041 (-74.8%), from €33,479 to €8,438
- Current portion of long-term debt -€16,045
down €16,045 (-36.9%), from €43,527 to €27,482
- Financial income -€94,600
down €94,600 (-98.8%), from €95,759 to €1,159
- Gross operating margin -€58,083
down €58,083 (-40.0%), from €145,047 to €86,965
- Taxes -€23,938
down €23,938 (-59.9%), from €39,988 to €16,050
- Depreciation -€8,036
down €8,036 (-20.8%), from €38,679 to €30,644
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 | €924,230 | €798,590 | -€125,640 | -13.6% |
| Fixed assets | 21/28 | €679,481 | €677,421 | -€2,060 | -0.3% |
| Tangible fixed assets | 22/27 | €119,622 | €117,562 | -€2,060 | -1.7% |
| Land and buildings | 22 | €9,480 | €9,480 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,396 | €9,016 | +€4,619 | +105% |
| Furniture and vehicles | 24 | €11,201 | €7,569 | -€3,633 | -32.4% |
| Leasing and similar rights | 25 | €22,489 | €11,501 | -€10,987 | -48.9% |
| Other tangible fixed assets | 26 | €72,056 | €79,996 | +€7,940 | +11.0% |
| Financial fixed assets | 28 | €559,859 | €559,859 | = | 0.0% |
| Current assets | 29/58 | €244,749 | €121,170 | -€123,580 | -50.5% |
| Stocks and contracts in progress | 3 | €15,366 | €15,000 | -€366 | -2.4% |
| Stocks | 30/36 | €15,366 | €15,000 | -€366 | -2.4% |
| Amounts receivable within one year | 40/41 | €62,731 | €38,535 | -€24,196 | -38.6% |
| Trade receivables | 40 | €47,591 | €14,171 | -€33,420 | -70.2% |
| Other amounts receivable | 41 | €15,140 | €24,364 | +€9,224 | +60.9% |
| Cash at bank and in hand | 54/58 | €131,292 | €62,661 | -€68,631 | -52.3% |
| Deferred charges and accrued income | 490/1 | €35,361 | €4,974 | -€30,386 | -85.9% |
| Total equity and liabilities | 10/49 | €924,230 | €798,590 | -€125,640 | -13.6% |
| Equity | 10/15 | €738,271 | €689,992 | -€48,279 | -6.5% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €724,011 | €675,732 | -€48,279 | -6.7% |
| Distributable reserves | 133 | €724,011 | €675,732 | -€48,279 | -6.7% |
| Amounts payable | 17/49 | €185,959 | €108,598 | -€77,361 | -41.6% |
| Amounts payable after more than one year | 17 | €53,633 | €26,150 | -€27,482 | -51.2% |
| Financial debts | 170/4 | €53,633 | €26,150 | -€27,482 | -51.2% |
| Amounts payable within one year | 42/48 | €132,327 | €82,448 | -€49,879 | -37.7% |
| Current portion of amounts payable after more than one year | 42 | €43,527 | €27,482 | -€16,045 | -36.9% |
| Financial debts | 43 | €33,479 | €8,438 | -€25,041 | -74.8% |
| Credit institutions | 430/8 | €33,479 | €8,438 | -€25,041 | -74.8% |
| Trade debts | 44 | €12,506 | €15,900 | +€3,395 | +27.1% |
| Suppliers | 440/4 | €12,506 | €15,900 | +€3,395 | +27.1% |
| Taxes, remuneration and social security | 45 | €29,844 | €2,781 | -€27,062 | -90.7% |
| Taxes | 450/3 | €27,269 | €179 | -€27,091 | -99.3% |
| Remuneration and social security | 454/9 | €2,574 | €2,602 | +€28 | +1.1% |
| Other amounts payable | 47/48 | €12,971 | €27,846 | +€14,875 | +115% |
| Remuneration, social security and pensions | 62 | €349 | - | -€349 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,679 | €30,644 | -€8,036 | -20.8% |
| Other operating charges | 640/8 | €3,797 | €3,116 | -€682 | -18.0% |
| Gross operating margin | 9900 | €145,047 | €86,965 | -€58,083 | -40.0% |
| Operating profit (loss) | 9901 | €102,222 | €53,205 | -€49,016 | -48.0% |
| Financial income | 75/76B | €95,759 | €1,159 | -€94,600 | -98.8% |
| Recurring financial income | 75 | €95,759 | €1,159 | -€94,600 | -98.8% |
| Financial charges | 65/66B | €9,663 | €8,521 | -€1,142 | -11.8% |
| Recurring financial charges | 65 | €9,663 | €8,521 | -€1,142 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €188,318 | €45,844 | -€142,474 | -75.7% |
| Income taxes | 67/77 | €39,988 | €16,050 | -€23,938 | -59.9% |
| Profit (loss) for the period | 9904 | €148,331 | €29,794 | -€118,536 | -79.9% |
| Profit (loss) for the period to be appropriated | 9905 | €148,331 | €29,794 | -€118,536 | -79.9% |
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 26 October 2026 via checked.be.