KRISTELL: 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.
KRISTELL
Largest movements
- Cash -€26,119
down €26,119 (-27.3%), from €95,790 to €69,672
mainly Contributions, distributions and other (-€23,407) and Net result for the year (-€12,444)
- Tangible fixed assets -€5,554
down €5,554 (-5.8%), from €95,811 to €90,257
of which Land and buildings: -€4,829
- Reserves -€23,407
down €23,407 (-13.9%), from €168,914 to €145,507
of which Distributable reserves: -€23,407
- Profit (loss) carried forward -€12,444
down €12,444 (-29.1%), from -€42,777 to -€55,221
- Other debts +€4,033
up €4,033 (+141%), from €2,866 to €6,898
- Gross operating margin -€317
down €317 (-13.4%), from -€2,368 to -€2,685
- Financial charges +€251
up €251 (+21.3%), from €1,178 to €1,429
- Other operating charges +€83
up €83 (+3.1%), from €2,693 to €2,776
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 | €192,250 | €160,578 | -€31,672 | -16.5% |
| Fixed assets | 21/28 | €95,811 | €90,257 | -€5,554 | -5.8% |
| Tangible fixed assets | 22/27 | €95,811 | €90,257 | -€5,554 | -5.8% |
| Land and buildings | 22 | €94,362 | €89,533 | -€4,829 | -5.1% |
| Plant, machinery and equipment | 23 | €1,449 | €724 | -€724 | -50.0% |
| Current assets | 29/58 | €96,439 | €70,321 | -€26,119 | -27.1% |
| Cash at bank and in hand | 54/58 | €95,790 | €69,672 | -€26,119 | -27.3% |
| Deferred charges and accrued income | 490/1 | €649 | €649 | = | 0.0% |
| Total equity and liabilities | 10/49 | €192,250 | €160,578 | -€31,672 | -16.5% |
| Equity | 10/15 | €188,137 | €152,286 | -€35,851 | -19.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €168,914 | €145,507 | -€23,407 | -13.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €162,714 | €139,307 | -€23,407 | -14.4% |
| Profit (loss) carried forward | 14 | -€42,777 | -€55,221 | -€12,444 | -29.1% |
| Amounts payable | 17/49 | €4,113 | €8,292 | +€4,179 | +102% |
| Amounts payable within one year | 42/48 | €2,965 | €6,898 | +€3,934 | +133% |
| Trade debts | 44 | €99 | €0 | -€99 | -100% |
| Suppliers | 440/4 | €99 | €0 | -€99 | -100% |
| Other amounts payable | 47/48 | €2,866 | €6,898 | +€4,033 | +141% |
| Accrued charges and deferred income | 492/3 | €1,148 | €1,393 | +€245 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,554 | €5,554 | = | 0.0% |
| Other operating charges | 640/8 | €2,693 | €2,776 | +€83 | +3.1% |
| Gross operating margin | 9900 | -€2,368 | -€2,685 | -€317 | -13.4% |
| Operating profit (loss) | 9901 | -€10,615 | -€11,015 | -€400 | -3.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,178 | €1,429 | +€251 | +21.3% |
| Recurring financial charges | 65 | €1,178 | €1,429 | +€251 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,793 | -€12,444 | -€651 | -5.5% |
| Profit (loss) for the period | 9904 | -€11,793 | -€12,444 | -€651 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,793 | -€12,444 | -€651 | -5.5% |
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 17 October 2026 via checked.be.