KRIVO: 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.
KRIVO
Largest movements
- Tangible fixed assets +€362,862
up €362,862 (+80.4%), from €451,529 to €814,391
of which Land and buildings: +€308,385
- Cash -€28,967
down €28,967 (-33.9%), from €85,547 to €56,580
mainly Investment in fixed assets (net) (-€421,403) and Receivables within one year (-€18,902)
- Receivables within one year +€18,902
up €18,902 (+911%), from €2,076 to €20,978
- Other debts +€370,107
up €370,107 (+95.7%), from €386,763 to €756,870
- Gross operating margin -€23,666
down €23,666 (-25.3%), from €93,419 to €69,753
- Depreciation +€16,860
up €16,860 (+40.4%), from €41,681 to €58,541
- Taxes -€11,122
down €11,122 (-83.1%), from €13,383 to €2,261
- Financial charges +€2,842
up €2,842 (+50.4%), from €5,639 to €8,481
- Other operating charges +€1,109
up €1,109 (+20.9%), from €5,301 to €6,410
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 | €1,219,408 | €1,575,783 | +€356,375 | +29.2% |
| Fixed assets | 21/28 | €1,114,984 | €1,477,847 | +€362,862 | +32.5% |
| Tangible fixed assets | 22/27 | €451,529 | €814,391 | +€362,862 | +80.4% |
| Land and buildings | 22 | €443,276 | €751,661 | +€308,385 | +69.6% |
| Plant, machinery and equipment | 23 | €1,170 | €2,732 | +€1,561 | +133% |
| Furniture and vehicles | 24 | €7,082 | €59,998 | +€52,916 | +747% |
| Financial fixed assets | 28 | €663,456 | €663,456 | = | 0.0% |
| Current assets | 29/58 | €104,424 | €97,936 | -€6,487 | -6.2% |
| Amounts receivable within one year | 40/41 | €2,076 | €20,978 | +€18,902 | +911% |
| Other amounts receivable | 41 | €2,076 | €20,978 | +€18,902 | +911% |
| Cash at bank and in hand | 54/58 | €85,547 | €56,580 | -€28,967 | -33.9% |
| Deferred charges and accrued income | 490/1 | €16,801 | €20,379 | +€3,578 | +21.3% |
| Total equity and liabilities | 10/49 | €1,219,408 | €1,575,783 | +€356,375 | +29.2% |
| Equity | 10/15 | €799,510 | €792,665 | -€6,845 | -0.9% |
| Contributions | 10/11 | €336,000 | €336,000 | = | 0.0% |
| Capital | 10 | €336,000 | €336,000 | = | 0.0% |
| Issued capital | 100 | €336,000 | €336,000 | = | 0.0% |
| Reserves | 13 | €462,254 | €461,350 | -€905 | -0.2% |
| Non-distributable reserves | 130/1 | €16,880 | €16,880 | = | 0.0% |
| Legal reserve | 130 | €16,880 | €16,880 | = | 0.0% |
| Distributable reserves | 133 | €445,375 | €444,470 | -€905 | -0.2% |
| Profit (loss) carried forward | 14 | €1,256 | -€4,684 | -€5,940 | |
| Amounts payable | 17/49 | €419,898 | €783,118 | +€363,220 | +86.5% |
| Amounts payable within one year | 42/48 | €411,234 | €765,187 | +€353,952 | +86.1% |
| Trade debts | 44 | €18,961 | €7,250 | -€11,711 | -61.8% |
| Suppliers | 440/4 | €18,961 | €7,250 | -€11,711 | -61.8% |
| Taxes, remuneration and social security | 45 | €5,511 | €1,066 | -€4,445 | -80.6% |
| Taxes | 450/3 | €5,511 | €1,066 | -€4,445 | -80.6% |
| Other amounts payable | 47/48 | €386,763 | €756,870 | +€370,107 | +95.7% |
| Accrued charges and deferred income | 492/3 | €8,664 | €17,931 | +€9,268 | +107% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,681 | €58,541 | +€16,860 | +40.4% |
| Other operating charges | 640/8 | €5,301 | €6,410 | +€1,109 | +20.9% |
| Gross operating margin | 9900 | €93,419 | €69,753 | -€23,666 | -25.3% |
| Operating profit (loss) | 9901 | €46,437 | €4,802 | -€41,635 | -89.7% |
| Financial charges | 65/66B | €5,639 | €8,481 | +€2,842 | +50.4% |
| Recurring financial charges | 65 | €5,639 | €8,481 | +€2,842 | +50.4% |
| Profit (loss) for the period before taxes | 9903 | €40,798 | -€3,679 | -€44,477 | |
| Income taxes | 67/77 | €13,383 | €2,261 | -€11,122 | -83.1% |
| Profit (loss) for the period | 9904 | €27,415 | -€5,940 | -€33,355 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,415 | -€5,940 | -€33,355 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.