KRISTOBEL: 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.
KRISTOBEL
Largest movements
- Cash -€44,539
down €44,539 (-20.3%), from €219,332 to €174,792
mainly Net result for the year (-€59,573) and Debts after one year (-€13,696)
- Tangible fixed assets -€15,506
down €15,506 (-23.0%), from €67,319 to €51,812
of which Land and buildings: -€16,186
- Reserves -€61,859
down €61,859 (-35.9%), from €172,359 to €110,500
of which Distributable reserves: -€60,000
- Debts after one year -€13,696
down €13,696 (-15.8%), from €86,604 to €72,909
- Other debts +€12,992
up €12,992 (+395%), from €3,292 to €16,284
- Gross operating margin -€44,547
down €44,547, from €22,771 to -€21,776
- Other operating charges +€12,430
up €12,430 (+649%), from €1,915 to €14,345
- Depreciation +€561
up €561 (+2.7%), from €20,755 to €21,316
- Financial charges -€452
down €452 (-18.1%), from €2,505 to €2,053
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 | €301,095 | €241,029 | -€60,066 | -19.9% |
| Fixed assets | 21/28 | €67,369 | €51,862 | -€15,506 | -23.0% |
| Tangible fixed assets | 22/27 | €67,319 | €51,812 | -€15,506 | -23.0% |
| Land and buildings | 22 | €51,055 | €34,870 | -€16,186 | -31.7% |
| Plant, machinery and equipment | 23 | €2,742 | €3,541 | +€799 | +29.1% |
| Furniture and vehicles | 24 | €4,353 | €2,599 | -€1,754 | -40.3% |
| Other tangible fixed assets | 26 | €9,169 | €10,803 | +€1,634 | +17.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €233,726 | €189,167 | -€44,560 | -19.1% |
| Amounts receivable within one year | 40/41 | €14,029 | €14,375 | +€346 | +2.5% |
| Trade receivables | 40 | €14,029 | €14,375 | +€346 | +2.5% |
| Cash at bank and in hand | 54/58 | €219,332 | €174,792 | -€44,539 | -20.3% |
| Deferred charges and accrued income | 490/1 | €366 | €0 | -€366 | -100% |
| Total equity and liabilities | 10/49 | €301,095 | €241,029 | -€60,066 | -19.9% |
| Equity | 10/15 | €192,917 | €133,343 | -€59,573 | -30.9% |
| Contributions | 10/11 | €18,592 | €20,451 | +€1,859 | +10.0% |
| Reserves | 13 | €172,359 | €110,500 | -€61,859 | -35.9% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €170,500 | €110,500 | -€60,000 | -35.2% |
| Profit (loss) carried forward | 14 | €1,966 | €2,392 | +€427 | +21.7% |
| Amounts payable | 17/49 | €108,178 | €107,686 | -€492 | -0.5% |
| Amounts payable after more than one year | 17 | €86,604 | €72,909 | -€13,696 | -15.8% |
| Financial debts | 170/4 | €86,604 | €72,909 | -€13,696 | -15.8% |
| Amounts payable within one year | 42/48 | €21,574 | €33,858 | +€12,285 | +56.9% |
| Current portion of amounts payable after more than one year | 42 | €13,490 | €13,696 | +€205 | +1.5% |
| Trade debts | 44 | €1,075 | €870 | -€205 | -19.0% |
| Suppliers | 440/4 | €1,075 | €870 | -€205 | -19.0% |
| Taxes, remuneration and social security | 45 | €3,717 | €3,009 | -€708 | -19.1% |
| Taxes | 450/3 | €3,717 | €3,009 | -€708 | -19.1% |
| Other amounts payable | 47/48 | €3,292 | €16,284 | +€12,992 | +395% |
| Accrued charges and deferred income | 492/3 | - | €919 | +€919 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,755 | €21,316 | +€561 | +2.7% |
| Other operating charges | 640/8 | €1,915 | €14,345 | +€12,430 | +649% |
| Gross operating margin | 9900 | €22,771 | -€21,776 | -€44,547 | |
| Operating profit (loss) | 9901 | €101 | -€57,437 | -€57,538 | |
| Financial income | 75/76B | €2 | €10 | +€8 | +322% |
| Recurring financial income | 75 | €2 | €10 | +€8 | +322% |
| Financial charges | 65/66B | €2,505 | €2,053 | -€452 | -18.1% |
| Recurring financial charges | 65 | €2,505 | €2,053 | -€452 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,402 | -€59,480 | -€57,078 | -2,377% |
| Income taxes | 67/77 | - | €94 | +€94 | |
| Profit (loss) for the period | 9904 | -€2,402 | -€59,573 | -€57,172 | -2,381% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,402 | -€59,573 | -€57,172 | -2,381% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.