KRIVAN: 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.
KRIVAN
Largest movements
- Intangible fixed assets +€29,145
new in 2025: €29,145
- Receivables within one year +€20,815
up €20,815 (+76.0%), from €27,398 to €48,213
- Tangible fixed assets -€10,257
down €10,257 (-9.1%), from €112,492 to €102,236
of which Land and buildings: -€10,163
- Current investments -€9,240
down €9,240 (-100%), from €9,240 to €0
- Cash +€5,221
up €5,221 (+338%), from €1,545 to €6,766
mainly Depreciation (+€23,161) and Net result for the year (+€18,786)
- Reserves +€18,786
up €18,786 (+633%), from €2,966 to €21,752
of which Distributable reserves: +€18,786
- Short-term financial debts +€7,564
up €7,564 (+52.1%), from €14,528 to €22,091
- Current portion of long-term debt +€5,944
up €5,944 (+30.5%), from €19,505 to €25,448
- Debts after one year +€3,193
up €3,193 (+5.7%), from €56,190 to €59,383
- Gross operating margin +€28,417
up €28,417 (+35.7%), from €79,701 to €108,118
- Staff costs +€5,603
up €5,603 (+13.3%), from €42,286 to €47,889
- Financial charges +€2,914
up €2,914 (+89.1%), from €3,269 to €6,184
- Depreciation +€1,793
up €1,793 (+8.4%), from €21,368 to €23,161
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 | €203,833 | €240,530 | +€36,697 | +18.0% |
| Fixed assets | 21/28 | €112,492 | €131,381 | +€18,889 | +16.8% |
| Intangible fixed assets | 21 | - | €29,145 | +€29,145 | |
| Tangible fixed assets | 22/27 | €112,492 | €102,236 | -€10,257 | -9.1% |
| Land and buildings | 22 | €87,774 | €77,611 | -€10,163 | -11.6% |
| Furniture and vehicles | 24 | €24,718 | €24,625 | -€93 | -0.4% |
| Current assets | 29/58 | €91,341 | €109,149 | +€17,808 | +19.5% |
| Amounts receivable within one year | 40/41 | €27,398 | €48,213 | +€20,815 | +76.0% |
| Other amounts receivable | 41 | €27,398 | €48,213 | +€20,815 | +76.0% |
| Current investments | 50/53 | €9,240 | €0 | -€9,240 | -100% |
| Cash at bank and in hand | 54/58 | €1,545 | €6,766 | +€5,221 | +338% |
| Deferred charges and accrued income | 490/1 | €53,158 | €54,170 | +€1,011 | +1.9% |
| Total equity and liabilities | 10/49 | €203,833 | €240,530 | +€36,697 | +18.0% |
| Equity | 10/15 | €94,484 | €113,270 | +€18,786 | +19.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,966 | €21,752 | +€18,786 | +633% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,966 | €21,752 | +€18,786 | +633% |
| Profit (loss) carried forward | 14 | €85,318 | €85,318 | = | 0.0% |
| Amounts payable | 17/49 | €109,349 | €127,260 | +€17,911 | +16.4% |
| Amounts payable after more than one year | 17 | €56,190 | €59,383 | +€3,193 | +5.7% |
| Financial debts | 170/4 | €56,190 | €59,383 | +€3,193 | +5.7% |
| Amounts payable within one year | 42/48 | €53,159 | €67,034 | +€13,875 | +26.1% |
| Current portion of amounts payable after more than one year | 42 | €19,505 | €25,448 | +€5,944 | +30.5% |
| Financial debts | 43 | €14,528 | €22,091 | +€7,564 | +52.1% |
| Credit institutions | 430/8 | €14,528 | €22,091 | +€7,564 | +52.1% |
| Trade debts | 44 | €6,643 | €5,888 | -€755 | -11.4% |
| Suppliers | 440/4 | €6,643 | €5,888 | -€755 | -11.4% |
| Taxes, remuneration and social security | 45 | €12,483 | €13,605 | +€1,122 | +9.0% |
| Taxes | 450/3 | €1,707 | €3,280 | +€1,573 | +92.2% |
| Remuneration and social security | 454/9 | €10,777 | €10,326 | -€451 | -4.2% |
| Accrued charges and deferred income | 492/3 | €0 | €843 | +€843 | |
| Remuneration, social security and pensions | 62 | €42,286 | €47,889 | +€5,603 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,368 | €23,161 | +€1,793 | +8.4% |
| Other operating charges | 640/8 | €2,070 | €2,678 | +€609 | +29.4% |
| Gross operating margin | 9900 | €79,701 | €108,118 | +€28,417 | +35.7% |
| Operating profit (loss) | 9901 | €13,978 | €34,390 | +€20,412 | +146% |
| Financial income | 75/76B | €1,683 | €2,153 | +€471 | +28.0% |
| Recurring financial income | 75 | €1,683 | €2,153 | +€471 | +28.0% |
| Financial charges | 65/66B | €3,269 | €6,184 | +€2,914 | +89.1% |
| Recurring financial charges | 65 | €3,269 | €6,184 | +€2,914 | +89.1% |
| Profit (loss) for the period before taxes | 9903 | €12,391 | €30,360 | +€17,969 | +145% |
| Income taxes | 67/77 | €11,285 | €11,574 | +€289 | +2.6% |
| Profit (loss) for the period | 9904 | €1,106 | €18,786 | +€17,680 | +1,599% |
| Profit (loss) for the period to be appropriated | 9905 | €1,106 | €18,786 | +€17,680 | +1,599% |
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.