KRIVANO: 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.
KRIVANO
Largest movements
- Tangible fixed assets +€269,299
up €269,299 (+616%), from €43,701 to €313,000
of which Land and buildings: +€238,419
- Receivables within one year -€90,825
down €90,825 (-76.3%), from €118,982 to €28,157
of which Trade receivables: -€85,664
- Cash -€11,488
down €11,488 (-61.8%), from €18,585 to €7,098
mainly Investment in fixed assets (net) (-€314,634) and Short-term financial debts (-€20,000)
- Debts after one year +€131,172
up €131,172 (+621%), from €21,120 to €152,292
- Current portion of long-term debt +€43,307
up €43,307 (+209%), from €20,702 to €64,010
- Reserves +€42,480
up €42,480 (+65.5%), from €64,900 to €107,380
- Short-term financial debts -€20,000
down €20,000 (-100%), from €20,000 to €0
- Trade debts -€17,134
down €17,134 (-80.9%), from €21,173 to €4,038
- Write-downs -€96,602
down €96,602, from €50,000 to -€46,602
- Gross operating margin -€31,469
down €31,469 (-30.7%), from €102,566 to €71,097
- Depreciation +€28,392
up €28,392 (+168%), from €16,944 to €45,336
- Taxes +€8,398
up €8,398 (+64.2%), from €13,077 to €21,475
- Other operating charges +€1,864
up €1,864 (+97.6%), from €1,910 to €3,774
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 | €194,444 | €364,398 | +€169,954 | +87.4% |
| Fixed assets | 21/28 | €46,701 | €316,000 | +€269,299 | +577% |
| Tangible fixed assets | 22/27 | €43,701 | €313,000 | +€269,299 | +616% |
| Land and buildings | 22 | - | €238,419 | +€238,419 | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €6,484 | €19,059 | +€12,575 | +194% |
| Leasing and similar rights | 25 | €0 | €0 | -€0 | -100% |
| Other tangible fixed assets | 26 | €37,218 | €55,522 | +€18,305 | +49.2% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €147,742 | €48,398 | -€99,345 | -67.2% |
| Amounts receivable after more than one year | 29 | €9,500 | €9,500 | = | 0.0% |
| Other amounts receivable | 291 | €9,500 | €9,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €118,982 | €28,157 | -€90,825 | -76.3% |
| Trade receivables | 40 | €105,861 | €20,197 | -€85,664 | -80.9% |
| Other amounts receivable | 41 | €13,122 | €7,961 | -€5,161 | -39.3% |
| Cash at bank and in hand | 54/58 | €18,585 | €7,098 | -€11,488 | -61.8% |
| Deferred charges and accrued income | 490/1 | €675 | €3,643 | +€2,968 | +440% |
| Total equity and liabilities | 10/49 | €194,444 | €364,398 | +€169,954 | +87.4% |
| Equity | 10/15 | €84,262 | €126,743 | +€42,481 | +50.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €64,900 | €107,380 | +€42,480 | +65.5% |
| Distributable reserves | 133 | €64,900 | €107,380 | +€42,480 | +65.5% |
| Profit (loss) carried forward | 14 | €762 | €763 | +€1 | +0.1% |
| Amounts payable | 17/49 | €110,182 | €237,655 | +€127,473 | +116% |
| Amounts payable after more than one year | 17 | €21,120 | €152,292 | +€131,172 | +621% |
| Financial debts | 170/4 | €21,120 | €152,292 | +€131,172 | +621% |
| Amounts payable within one year | 42/48 | €89,061 | €85,363 | -€3,698 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €20,702 | €64,010 | +€43,307 | +209% |
| Financial debts | 43 | €20,000 | €0 | -€20,000 | -100% |
| Credit institutions | 430/8 | €20,000 | €0 | -€20,000 | -100% |
| Trade debts | 44 | €21,173 | €4,038 | -€17,134 | -80.9% |
| Suppliers | 440/4 | €21,173 | €4,038 | -€17,134 | -80.9% |
| Taxes, remuneration and social security | 45 | €14,221 | €1,039 | -€13,182 | -92.7% |
| Taxes | 450/3 | €14,221 | €1,039 | -€13,182 | -92.7% |
| Other amounts payable | 47/48 | €12,965 | €16,276 | +€3,311 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,944 | €45,336 | +€28,392 | +168% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €50,000 | -€46,602 | -€96,602 | |
| Other operating charges | 640/8 | €1,910 | €3,774 | +€1,864 | +97.6% |
| Gross operating margin | 9900 | €102,566 | €71,097 | -€31,469 | -30.7% |
| Operating profit (loss) | 9901 | €33,712 | €68,590 | +€34,877 | +103% |
| Financial income | 75/76B | €0 | €93 | +€93 | +308,800% |
| Recurring financial income | 75 | €0 | €93 | +€93 | +308,800% |
| Financial charges | 65/66B | €4,314 | €4,727 | +€413 | +9.6% |
| Recurring financial charges | 65 | €4,314 | €4,727 | +€413 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €29,399 | €63,955 | +€34,557 | +118% |
| Income taxes | 67/77 | €13,077 | €21,475 | +€8,398 | +64.2% |
| Profit (loss) for the period | 9904 | €16,322 | €42,481 | +€26,159 | +160% |
| Profit (loss) for the period to be appropriated | 9905 | €16,322 | €42,481 | +€26,159 | +160% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.