KRIS MIGNOLET: 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 MIGNOLET
Largest movements
- Receivables within one year -€101,807
down €101,807 (-38.1%), from €267,473 to €165,666
of which Trade receivables: -€107,054
- Tangible fixed assets -€67,186
down €67,186 (-15.8%), from €425,692 to €358,505
of which Furniture and vehicles: -€45,496
- Cash +€10,165
up €10,165 (+68.8%), from €14,776 to €24,941
mainly Receivables within one year (+€101,807) and Depreciation (+€68,686)
- Trade debts -€64,149
down €64,149 (-36.2%), from €177,077 to €112,928
- Debts after one year -€62,950
down €62,950 (-23.1%), from €272,883 to €209,934
- Tax, wage and social debts -€18,746
down €18,746 (-42.2%), from €44,455 to €25,709
of which Remuneration and social security: -€15,571
- Reserves -€10,972
down €10,972 (-12.9%), from €85,035 to €74,062
- Other debts +€9,135
up €9,135 (+2,503%), from €365 to €9,500
- Write-downs +€29,028
new in 2025: €29,028
- Gross operating margin +€6,910
up €6,910 (+1.9%), from €373,199 to €380,109
- Staff costs +€5,020
up €5,020 (+1.8%), from €271,392 to €276,412
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 | €744,104 | €588,241 | -€155,863 | -20.9% |
| Fixed assets | 21/28 | €425,692 | €358,505 | -€67,186 | -15.8% |
| Tangible fixed assets | 22/27 | €425,692 | €358,505 | -€67,186 | -15.8% |
| Land and buildings | 22 | €298,422 | €282,021 | -€16,401 | -5.5% |
| Plant, machinery and equipment | 23 | €17,315 | €12,026 | -€5,289 | -30.5% |
| Furniture and vehicles | 24 | €109,954 | €64,458 | -€45,496 | -41.4% |
| Current assets | 29/58 | €318,413 | €229,736 | -€88,677 | -27.8% |
| Stocks and contracts in progress | 3 | €31,578 | €33,676 | +€2,098 | +6.6% |
| Stocks | 30/36 | €31,578 | €33,676 | +€2,098 | +6.6% |
| Amounts receivable within one year | 40/41 | €267,473 | €165,666 | -€101,807 | -38.1% |
| Trade receivables | 40 | €264,504 | €157,450 | -€107,054 | -40.5% |
| Other amounts receivable | 41 | €2,969 | €8,216 | +€5,246 | +177% |
| Cash at bank and in hand | 54/58 | €14,776 | €24,941 | +€10,165 | +68.8% |
| Deferred charges and accrued income | 490/1 | €4,585 | €5,453 | +€867 | +18.9% |
| Total equity and liabilities | 10/49 | €744,104 | €588,241 | -€155,863 | -20.9% |
| Equity | 10/15 | €186,635 | €167,030 | -€19,604 | -10.5% |
| Contributions | 10/11 | €101,600 | €101,600 | = | 0.0% |
| Reserves | 13 | €85,035 | €74,062 | -€10,972 | -12.9% |
| Distributable reserves | 133 | €85,035 | €74,062 | -€10,972 | -12.9% |
| Profit (loss) carried forward | 14 | - | -€8,632 | -€8,632 | |
| Amounts payable | 17/49 | €557,469 | €421,211 | -€136,259 | -24.4% |
| Amounts payable after more than one year | 17 | €272,883 | €209,934 | -€62,950 | -23.1% |
| Financial debts | 170/4 | €272,883 | €209,934 | -€62,950 | -23.1% |
| Amounts payable within one year | 42/48 | €284,586 | €211,086 | -€73,500 | -25.8% |
| Current portion of amounts payable after more than one year | 42 | €62,689 | €62,950 | +€260 | +0.4% |
| Trade debts | 44 | €177,077 | €112,928 | -€64,149 | -36.2% |
| Suppliers | 440/4 | €177,077 | €112,928 | -€64,149 | -36.2% |
| Taxes, remuneration and social security | 45 | €44,455 | €25,709 | -€18,746 | -42.2% |
| Taxes | 450/3 | €9,188 | €6,014 | -€3,175 | -34.6% |
| Remuneration and social security | 454/9 | €35,266 | €19,695 | -€15,571 | -44.2% |
| Other amounts payable | 47/48 | €365 | €9,500 | +€9,135 | +2,503% |
| Accrued charges and deferred income | 492/3 | - | €191 | +€191 | |
| Remuneration, social security and pensions | 62 | €271,392 | €276,412 | +€5,020 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,343 | €68,686 | -€3,657 | -5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €29,028 | +€29,028 | |
| Other operating charges | 640/8 | €10,274 | €9,233 | -€1,041 | -10.1% |
| Gross operating margin | 9900 | €373,199 | €380,109 | +€6,910 | +1.9% |
| Operating profit (loss) | 9901 | €19,190 | -€3,250 | -€22,440 | |
| Financial income | 75/76B | €12 | €1,246 | +€1,234 | +10,667% |
| Recurring financial income | 75 | €12 | €1,246 | +€1,234 | +10,667% |
| Financial charges | 65/66B | €10,748 | €7,600 | -€3,148 | -29.3% |
| Recurring financial charges | 65 | €10,748 | €7,600 | -€3,148 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €8,453 | -€9,604 | -€18,058 | |
| Income taxes | 67/77 | €3,507 | €0 | -€3,507 | -100% |
| Profit (loss) for the period | 9904 | €4,946 | -€9,604 | -€14,550 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,946 | -€9,604 | -€14,550 |
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 18 October 2026 via checked.be.