KRISKI: 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.
KRISKI
Largest movements
- Cash +€945,316
up €945,316 (+159%), from €593,536 to €1.5m
mainly Advances received (+€711,341) and Net result for the year (+€409,938)
- Receivables within one year +€413,680
up €413,680 (+80.8%), from €511,951 to €925,631
of which Other amounts receivable: +€430,470
- Stocks and contracts -€223,105
down €223,105 (-21.6%), from €1.0m to €809,657
- Advances received +€711,341
up €711,341 (+39.7%), from €1.8m to €2.5m
- Reserves +€421,719
up €421,719 (+41.0%), from €1.0m to €1.5m
of which Distributable reserves: +€425,000
- Gross operating margin +€219,244
up €219,244 (+27.0%), from €811,424 to €1.0m
- Staff costs +€111,440
up €111,440 (+50.0%), from €222,810 to €334,250
- Depreciation +€73,774
up €73,774 (+89.0%), from €82,891 to €156,665
- Financial charges +€16,934
up €16,934 (+567%), from €2,987 to €19,921
- Financial income +€16,385
up €16,385 (+98.8%), from €16,579 to €32,965
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 | €3,779,222 | €4,881,667 | +€1.1m | +29.2% |
| Fixed assets | 21/28 | €1,604,971 | €1,581,109 | -€23,862 | -1.5% |
| Intangible fixed assets | 21 | €34,501 | €33,891 | -€611 | -1.8% |
| Tangible fixed assets | 22/27 | €1,570,342 | €1,547,091 | -€23,251 | -1.5% |
| Land and buildings | 22 | €975,940 | €933,129 | -€42,811 | -4.4% |
| Furniture and vehicles | 24 | €82,092 | €158,901 | +€76,809 | +93.6% |
| Leasing and similar rights | 25 | €512,310 | €455,061 | -€57,249 | -11.2% |
| Financial fixed assets | 28 | €128 | €128 | = | 0.0% |
| Current assets | 29/58 | €2,174,251 | €3,300,557 | +€1.1m | +51.8% |
| Amounts receivable after more than one year | 29 | €9,500 | €9,500 | = | 0.0% |
| Other amounts receivable | 291 | €9,500 | €9,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,032,762 | €809,657 | -€223,105 | -21.6% |
| Stocks | 30/36 | €1,032,762 | €809,657 | -€223,105 | -21.6% |
| Amounts receivable within one year | 40/41 | €511,951 | €925,631 | +€413,680 | +80.8% |
| Trade receivables | 40 | €57,582 | €40,791 | -€16,791 | -29.2% |
| Other amounts receivable | 41 | €454,370 | €884,840 | +€430,470 | +94.7% |
| Cash at bank and in hand | 54/58 | €593,536 | €1,538,852 | +€945,316 | +159% |
| Deferred charges and accrued income | 490/1 | €26,501 | €16,918 | -€9,583 | -36.2% |
| Total equity and liabilities | 10/49 | €3,779,222 | €4,881,667 | +€1.1m | +29.2% |
| Equity | 10/15 | €1,134,759 | €1,544,697 | +€409,938 | +36.1% |
| Contributions | 10/11 | €87,000 | €87,000 | = | 0.0% |
| Reserves | 13 | €1,028,501 | €1,450,219 | +€421,719 | +41.0% |
| Tax-exempt reserves | 132 | €53,501 | €50,219 | -€3,281 | -6.1% |
| Distributable reserves | 133 | €975,000 | €1,400,000 | +€425,000 | +43.6% |
| Profit (loss) carried forward | 14 | €19,259 | €7,478 | -€11,781 | -61.2% |
| Provisions and deferred taxes | 16 | €17,834 | €16,740 | -€1,094 | -6.1% |
| Deferred taxes | 168 | €17,834 | €16,740 | -€1,094 | -6.1% |
| Amounts payable | 17/49 | €2,626,629 | €3,320,230 | +€693,601 | +26.4% |
| Amounts payable within one year | 42/48 | €2,501,656 | €3,184,616 | +€682,960 | +27.3% |
| Trade debts | 44 | €651,220 | €622,989 | -€28,231 | -4.3% |
| Suppliers | 440/4 | €651,220 | €622,989 | -€28,231 | -4.3% |
| Advances received on contracts in progress | 46 | €1,792,909 | €2,504,250 | +€711,341 | +39.7% |
| Taxes, remuneration and social security | 45 | €55,809 | €50,010 | -€5,799 | -10.4% |
| Taxes | 450/3 | €31,677 | €9,835 | -€21,842 | -69.0% |
| Remuneration and social security | 454/9 | €24,132 | €40,175 | +€16,043 | +66.5% |
| Other amounts payable | 47/48 | €1,718 | €7,367 | +€5,649 | +329% |
| Accrued charges and deferred income | 492/3 | €124,973 | €135,614 | +€10,641 | +8.5% |
| Remuneration, social security and pensions | 62 | €222,810 | €334,250 | +€111,440 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,891 | €156,665 | +€73,774 | +89.0% |
| Other operating charges | 640/8 | €5,186 | €9,982 | +€4,795 | +92.5% |
| Gross operating margin | 9900 | €811,424 | €1,030,668 | +€219,244 | +27.0% |
| Operating profit (loss) | 9901 | €500,536 | €529,771 | +€29,235 | +5.8% |
| Financial income | 75/76B | €16,579 | €32,965 | +€16,385 | +98.8% |
| Recurring financial income | 75 | €16,579 | €32,965 | +€16,385 | +98.8% |
| Financial charges | 65/66B | €2,987 | €19,921 | +€16,934 | +567% |
| Recurring financial charges | 65 | €2,987 | €19,921 | +€16,934 | +567% |
| Profit (loss) for the period before taxes | 9903 | €514,128 | €542,815 | +€28,686 | +5.6% |
| Transfer from deferred taxes | 780 | €1,094 | €1,094 | = | 0.0% |
| Income taxes | 67/77 | €130,402 | €133,971 | +€3,568 | +2.7% |
| Profit (loss) for the period | 9904 | €384,820 | €409,938 | +€25,118 | +6.5% |
| Transfer from tax-exempt reserves | 789 | €3,281 | €3,281 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €388,101 | €413,219 | +€25,118 | +6.5% |
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 23 October 2026 via checked.be.