KRISTINA: 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.
KRISTINA
Largest movements
- Deferred charges and accrued income -€4,053
down €4,053 (-85.4%), from €4,748 to €695
- Cash -€1,172
down €1,172 (-31.6%), from €3,712 to €2,541
mainly Debts after one year (-€6,250) and Accrued charges and deferred income (-€2,342)
- Stocks and contracts -€954
down €954 (-12.4%), from €7,708 to €6,754
- Tangible fixed assets -€440
down €440 (-63.9%), from €689 to €249
- Debts after one year -€6,250
down €6,250 (-100%), from €6,250 to €0
- Other debts +€3,881
up €3,881 (+20.1%), from €19,281 to €23,161
- Trade debts +€2,656
up €2,656 (+67.5%), from €3,937 to €6,594
- Accrued charges and deferred income -€2,342
down €2,342 (-100%), from €2,342 to €0
- Current portion of long-term debt -€2,083
down €2,083 (-25.0%), from €8,333 to €6,250
- Gross operating margin +€1,603
up €1,603, from -€549 to €1,054
- Financial charges +€68
up €68 (+4.1%), from €1,680 to €1,749
- Financial income -€67
down €67 (-95.7%), from €70 to €3
- Depreciation +€46
up €46 (+9.1%), from €511 to €557
- Other operating charges +€14
up €14 (+2.5%), from €580 to €595
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 | €17,568 | €11,006 | -€6,562 | -37.4% |
| Fixed assets | 21/28 | €896 | €339 | -€557 | -62.1% |
| Intangible fixed assets | 21 | €208 | €91 | -€117 | -56.4% |
| Tangible fixed assets | 22/27 | €689 | €249 | -€440 | -63.9% |
| Furniture and vehicles | 24 | €689 | €249 | -€440 | -63.9% |
| Current assets | 29/58 | €16,672 | €10,666 | -€6,005 | -36.0% |
| Stocks and contracts in progress | 3 | €7,708 | €6,754 | -€954 | -12.4% |
| Stocks | 30/36 | €7,708 | €6,754 | -€954 | -12.4% |
| Amounts receivable within one year | 40/41 | €503 | €676 | +€173 | +34.4% |
| Trade receivables | 40 | €503 | €489 | -€14 | -2.8% |
| Other amounts receivable | 41 | - | €187 | +€187 | |
| Cash at bank and in hand | 54/58 | €3,712 | €2,541 | -€1,172 | -31.6% |
| Deferred charges and accrued income | 490/1 | €4,748 | €695 | -€4,053 | -85.4% |
| Total equity and liabilities | 10/49 | €17,568 | €11,006 | -€6,562 | -37.4% |
| Equity | 10/15 | -€23,156 | -€24,999 | -€1,844 | -8.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,156 | -€26,999 | -€1,844 | -7.3% |
| Amounts payable | 17/49 | €40,724 | €36,005 | -€4,719 | -11.6% |
| Amounts payable after more than one year | 17 | €6,250 | €0 | -€6,250 | -100% |
| Financial debts | 170/4 | €6,250 | €0 | -€6,250 | -100% |
| Amounts payable within one year | 42/48 | €32,131 | €36,005 | +€3,873 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €8,333 | €6,250 | -€2,083 | -25.0% |
| Trade debts | 44 | €3,937 | €6,594 | +€2,656 | +67.5% |
| Suppliers | 440/4 | €3,937 | €6,594 | +€2,656 | +67.5% |
| Taxes, remuneration and social security | 45 | €580 | €0 | -€580 | -100% |
| Taxes | 450/3 | €580 | €0 | -€580 | -100% |
| Other amounts payable | 47/48 | €19,281 | €23,161 | +€3,881 | +20.1% |
| Accrued charges and deferred income | 492/3 | €2,342 | €0 | -€2,342 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €511 | €557 | +€46 | +9.1% |
| Other operating charges | 640/8 | €580 | €595 | +€14 | +2.5% |
| Gross operating margin | 9900 | -€549 | €1,054 | +€1,603 | |
| Operating profit (loss) | 9901 | -€1,640 | -€98 | +€1,542 | +94.0% |
| Financial income | 75/76B | €70 | €3 | -€67 | -95.7% |
| Recurring financial income | 75 | €70 | €3 | -€67 | -95.7% |
| Financial charges | 65/66B | €1,680 | €1,749 | +€68 | +4.1% |
| Recurring financial charges | 65 | €1,680 | €1,749 | +€68 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,250 | -€1,844 | +€1,406 | +43.3% |
| Profit (loss) for the period | 9904 | -€3,250 | -€1,844 | +€1,406 | +43.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,250 | -€1,844 | +€1,406 | +43.3% |
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.