KRISELS: 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.
KRISELS
Largest movements
- Current investments +€489,647
up €489,647 (+37.7%), from €1.3m to €1.8m
- Cash -€486,916
down €486,916 (-74.5%), from €653,247 to €166,331
mainly Current investments (-€489,647) and Investment in fixed assets (net) (-€43,625)
- Tangible fixed assets -€33,733
down €33,733 (-7.0%), from €484,409 to €450,676
of which Land and buildings: -€38,249
- Financial fixed assets +€30,918
new in 2025: €30,918
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€1.3m
down €1.3m (-94.3%), from €1.3m to €76,521
- Taxes -€119,261
down €119,261 (-97.2%), from €122,711 to €3,450
- Gross operating margin -€39,937
down €39,937 (-77.0%), from €51,843 to €11,906
- Financial charges +€7,889
up €7,889 (+230%), from €3,427 to €11,316
- Depreciation +€5,712
up €5,712 (+14.0%), from €40,728 to €46,440
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 | €2,744,575 | €2,739,873 | -€4,702 | -0.2% |
| Fixed assets | 21/28 | €484,409 | €481,594 | -€2,815 | -0.6% |
| Tangible fixed assets | 22/27 | €484,409 | €450,676 | -€33,733 | -7.0% |
| Land and buildings | 22 | €458,159 | €419,910 | -€38,249 | -8.3% |
| Furniture and vehicles | 24 | €26,250 | €30,766 | +€4,516 | +17.2% |
| Financial fixed assets | 28 | - | €30,918 | +€30,918 | |
| Current assets | 29/58 | €2,260,166 | €2,258,279 | -€1,887 | -0.1% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Other amounts receivable | 291 | €250,000 | €250,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €55,953 | €52,301 | -€3,652 | -6.5% |
| Trade receivables | 40 | €27,043 | €21,590 | -€5,453 | -20.2% |
| Other amounts receivable | 41 | €28,910 | €30,711 | +€1,801 | +6.2% |
| Current investments | 50/53 | €1,300,000 | €1,789,647 | +€489,647 | +37.7% |
| Cash at bank and in hand | 54/58 | €653,247 | €166,331 | -€486,916 | -74.5% |
| Deferred charges and accrued income | 490/1 | €966 | - | -€966 | |
| Total equity and liabilities | 10/49 | €2,744,575 | €2,739,873 | -€4,702 | -0.2% |
| Equity | 10/15 | €2,553,511 | €2,575,844 | +€22,333 | +0.9% |
| Reserves | 13 | €2,553,511 | €2,575,844 | +€22,333 | +0.9% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €2,534,761 | €2,557,094 | +€22,333 | +0.9% |
| Amounts payable | 17/49 | €191,064 | €164,029 | -€27,035 | -14.1% |
| Amounts payable after more than one year | 17 | €26,020 | €2,042 | -€23,978 | -92.2% |
| Financial debts | 170/4 | €26,020 | €2,042 | -€23,978 | -92.2% |
| Amounts payable within one year | 42/48 | €161,599 | €158,527 | -€3,072 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €23,029 | €23,978 | +€949 | +4.1% |
| Trade debts | 44 | €1,133 | €8,071 | +€6,938 | +612% |
| Suppliers | 440/4 | €1,133 | €8,071 | +€6,938 | +612% |
| Taxes, remuneration and social security | 45 | €125,728 | €124,989 | -€739 | -0.6% |
| Taxes | 450/3 | €125,728 | €124,989 | -€739 | -0.6% |
| Other amounts payable | 47/48 | €11,709 | €1,489 | -€10,220 | -87.3% |
| Accrued charges and deferred income | 492/3 | €3,445 | €3,460 | +€15 | +0.4% |
| Non-recurring operating income | 76A | €360 | - | -€360 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,728 | €46,440 | +€5,712 | +14.0% |
| Other operating charges | 640/8 | €5,221 | €4,888 | -€333 | -6.4% |
| Gross operating margin | 9900 | €51,843 | €11,906 | -€39,937 | -77.0% |
| Operating profit (loss) | 9901 | €5,894 | -€39,422 | -€45,316 | |
| Financial income | 75/76B | €1,343,442 | €76,521 | -€1.3m | -94.3% |
| Recurring financial income | 75 | €1,343,442 | €76,521 | -€1.3m | -94.3% |
| Financial charges | 65/66B | €3,427 | €11,316 | +€7,889 | +230% |
| Recurring financial charges | 65 | €3,427 | €11,316 | +€7,889 | +230% |
| Profit (loss) for the period before taxes | 9903 | €1,345,909 | €25,783 | -€1.3m | -98.1% |
| Income taxes | 67/77 | €122,711 | €3,450 | -€119,261 | -97.2% |
| Profit (loss) for the period | 9904 | €1,223,198 | €22,333 | -€1.2m | -98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,223,198 | €22,333 | -€1.2m | -98.2% |
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 15 October 2026 via checked.be.