KRIS MAES: what changed
Two fiscal 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 MAES
Largest movements
- Cash +€34,921
up €34,921 (+4.3%), from €808,844 to €843,765
mainly Net result for the year (+€191,372) and Depreciation (+€29,918)
- Tangible fixed assets -€29,918
down €29,918 (-2.5%), from €1.2m to €1.2m
of which Land and buildings: -€26,776
- Debts after one year -€46,627
down €46,627 (-13.1%), from €356,296 to €309,669
- Reserves +€41,372
up €41,372 (+2.6%), from €1.6m to €1.7m
- Gross operating margin -€58,522
down €58,522 (-15.3%), from €382,667 to €324,145
- Taxes -€21,615
down €21,615 (-20.4%), from €105,718 to €84,103
- Depreciation +€7,281
up €7,281 (+32.2%), from €22,637 to €29,918
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.
Cash bridge derived
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 | €2,147,587 | €2,140,718 | -€6,869 | -0.3% |
| Fixed assets | 21/28 | €1,203,012 | €1,173,094 | -€29,918 | -2.5% |
| Tangible fixed assets | 22/27 | €1,203,012 | €1,173,094 | -€29,918 | -2.5% |
| Land and buildings | 22 | €1,187,315 | €1,160,539 | -€26,776 | -2.3% |
| Furniture and vehicles | 24 | €11,131 | €8,742 | -€2,389 | -21.5% |
| Other tangible fixed assets | 26 | €4,566 | €3,813 | -€753 | -16.5% |
| Current assets | 29/58 | €944,575 | €967,624 | +€23,049 | +2.4% |
| Amounts receivable within one year | 40/41 | €60,141 | €46,631 | -€13,510 | -22.5% |
| Trade receivables | 40 | €49,559 | €46,631 | -€2,928 | -5.9% |
| Other amounts receivable | 41 | €10,582 | - | -€10,582 | |
| Current investments | 50/53 | €74,044 | €74,044 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €808,844 | €843,765 | +€34,921 | +4.3% |
| Deferred charges and accrued income | 490/1 | €1,546 | €3,184 | +€1,638 | +106.0% |
| Total equity and liabilities | 10/49 | €2,147,587 | €2,140,718 | -€6,869 | -0.3% |
| Equity | 10/15 | €1,699,328 | €1,740,700 | +€41,372 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,618,004 | €1,659,376 | +€41,372 | +2.6% |
| Distributable reserves | 133 | €1,618,004 | €1,659,376 | +€41,372 | +2.6% |
| Profit (loss) carried forward | 14 | €62,724 | €62,724 | = | 0.0% |
| Amounts payable | 17/49 | €448,259 | €400,018 | -€48,241 | -10.8% |
| Amounts payable after more than one year | 17 | €356,296 | €309,669 | -€46,627 | -13.1% |
| Financial debts | 170/4 | €356,296 | €309,669 | -€46,627 | -13.1% |
| Amounts payable within one year | 42/48 | €89,963 | €90,349 | +€386 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €45,367 | €46,627 | +€1,260 | +2.8% |
| Trade debts | 44 | €1,039 | €897 | -€142 | -13.7% |
| Suppliers | 440/4 | €1,039 | €897 | -€142 | -13.7% |
| Taxes, remuneration and social security | 45 | €43,557 | €41,896 | -€1,661 | -3.8% |
| Taxes | 450/3 | €40,488 | €38,807 | -€1,681 | -4.2% |
| Remuneration and social security | 454/9 | €3,069 | €3,089 | +€20 | +0.7% |
| Other amounts payable | 47/48 | - | €929 | +€929 | |
| Accrued charges and deferred income | 492/3 | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,637 | €29,918 | +€7,281 | +32.2% |
| Other operating charges | 640/8 | €4,963 | €6,799 | +€1,836 | +37.0% |
| Gross operating margin | 9900 | €382,667 | €324,145 | -€58,522 | -15.3% |
| Operating profit (loss) | 9901 | €355,067 | €287,428 | -€67,639 | -19.0% |
| Financial charges | 65/66B | €13,401 | €11,953 | -€1,448 | -10.8% |
| Recurring financial charges | 65 | €13,401 | €11,953 | -€1,448 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €341,666 | €275,475 | -€66,191 | -19.4% |
| Income taxes | 67/77 | €105,718 | €84,103 | -€21,615 | -20.4% |
| Profit (loss) for the period | 9904 | €235,948 | €191,372 | -€44,576 | -18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €235,948 | €191,372 | -€44,576 | -18.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.