KRIVIS: 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.
KRIVIS
Largest movements
- Tangible fixed assets +€227,207
up €227,207 (+205%), from €110,911 to €338,118
of which Furniture and vehicles: +€229,082
- Current investments +€69,641
up €69,641 (+35.1%), from €198,210 to €267,851
- Receivables within one year +€38,686
up €38,686 (+1.9%), from €2.0m to €2.1m
- Cash -€32,311
down €32,311 (-77.2%), from €41,843 to €9,532
mainly Investment in fixed assets (net) (-€236,889) and Current investments (-€69,641)
- Debts after one year +€131,559
up €131,559 (+6.6%), from €2.0m to €2.1m
of which Financial debts: +€131,559
- Reserves +€87,000
up €87,000 (+29.9%), from €290,500 to €377,500
- Current portion of long-term debt +€34,111
new in 2025: €34,111
- Financial income +€104,900
up €104,900 (+320%), from €32,767 to €137,667
- Financial charges +€93,395
up €93,395 (+306%), from €30,487 to €123,882
- Gross operating margin +€9,783
up €9,783 (+8.3%), from €118,042 to €127,825
- Depreciation +€7,807
up €7,807 (+416%), from €1,875 to €9,682
- Taxes +€5,707
up €5,707 (+16.8%), from €33,887 to €39,593
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 | €2,388,732 | €2,692,472 | +€303,740 | +12.7% |
| Fixed assets | 21/28 | €115,911 | €343,118 | +€227,207 | +196% |
| Tangible fixed assets | 22/27 | €110,911 | €338,118 | +€227,207 | +205% |
| Land and buildings | 22 | €110,911 | €109,036 | -€1,875 | -1.7% |
| Furniture and vehicles | 24 | - | €229,082 | +€229,082 | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €2,272,821 | €2,349,354 | +€76,533 | +3.4% |
| Amounts receivable within one year | 40/41 | €2,032,767 | €2,071,454 | +€38,686 | +1.9% |
| Other amounts receivable | 41 | €2,032,767 | €2,071,454 | +€38,686 | +1.9% |
| Current investments | 50/53 | €198,210 | €267,851 | +€69,641 | +35.1% |
| Cash at bank and in hand | 54/58 | €41,843 | €9,532 | -€32,311 | -77.2% |
| Deferred charges and accrued income | 490/1 | - | €517 | +€517 | |
| Total equity and liabilities | 10/49 | €2,388,732 | €2,692,472 | +€303,740 | +12.7% |
| Equity | 10/15 | €322,243 | €413,304 | +€91,061 | +28.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €290,500 | €377,500 | +€87,000 | +29.9% |
| Distributable reserves | 133 | €290,500 | €377,500 | +€87,000 | +29.9% |
| Profit (loss) carried forward | 14 | €19,343 | €23,404 | +€4,061 | +21.0% |
| Amounts payable | 17/49 | €2,066,489 | €2,279,168 | +€212,679 | +10.3% |
| Amounts payable after more than one year | 17 | €2,000,000 | €2,131,559 | +€131,559 | +6.6% |
| Financial debts | 170/4 | - | €131,559 | +€131,559 | |
| Other amounts payable | 178/9 | €2,000,000 | €2,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €36,041 | €93,569 | +€57,528 | +160% |
| Current portion of amounts payable after more than one year | 42 | - | €34,111 | +€34,111 | |
| Trade debts | 44 | €14,268 | €13,423 | -€845 | -5.9% |
| Suppliers | 440/4 | €14,268 | €13,423 | -€845 | -5.9% |
| Taxes, remuneration and social security | 45 | €16,167 | €20,977 | +€4,810 | +29.8% |
| Taxes | 450/3 | €16,167 | €20,977 | +€4,810 | +29.8% |
| Other amounts payable | 47/48 | €5,605 | €25,058 | +€19,453 | +347% |
| Accrued charges and deferred income | 492/3 | €30,448 | €54,041 | +€23,592 | +77.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,875 | €9,682 | +€7,807 | +416% |
| Other operating charges | 640/8 | €805 | €1,274 | +€468 | +58.2% |
| Gross operating margin | 9900 | €118,042 | €127,825 | +€9,783 | +8.3% |
| Operating profit (loss) | 9901 | €115,362 | €116,869 | +€1,507 | +1.3% |
| Financial income | 75/76B | €32,767 | €137,667 | +€104,900 | +320% |
| Recurring financial income | 75 | €32,767 | €137,667 | +€104,900 | +320% |
| Financial charges | 65/66B | €30,487 | €123,882 | +€93,395 | +306% |
| Recurring financial charges | 65 | €30,487 | €123,882 | +€93,395 | +306% |
| Profit (loss) for the period before taxes | 9903 | €117,641 | €130,654 | +€13,012 | +11.1% |
| Income taxes | 67/77 | €33,887 | €39,593 | +€5,707 | +16.8% |
| Profit (loss) for the period | 9904 | €83,755 | €91,061 | +€7,306 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €83,755 | €91,061 | +€7,306 | +8.7% |
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 31 October 2026 via checked.be.