KRN CONSTRUCT: what changed
Two fiscal 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.
KRN CONSTRUCT
Largest movements
- Tangible fixed assets +€25,650
up €25,650 (+221.5%), from €11,582 to €37,232
of which Furniture and vehicles: +€27,258
- Cash +€2,315
up €2,315 (+190.2%), from €1,217 to €3,532
mainly Debts after one year (+€16,591) and Depreciation (+€11,811)
- Deferred charges and accrued income +€1,462
up €1,462 (+43.8%), from €3,338 to €4,800
- Receivables within one year +€660
up €660 (+4.8%), from €13,759 to €14,419
of which Trade receivables: +€580
- Debts after one year +€16,591
new in 2025: €16,591
- Current portion of long-term debt +€7,513
new in 2025: €7,513
- Tax, wage and social debts +€3,852
up €3,852 (+186.7%), from €2,063 to €5,916
of which Remuneration and social security: +€2,000
- Advances received +€2,300
new in 2025: €2,300
- Trade debts -€881
down €881 (-61.2%), from €1,440 to €559
- Depreciation +€6,837
up €6,837 (+137.5%), from €4,974 to €11,811
- Gross operating margin +€5,741
up €5,741 (+62.2%), from €9,228 to €14,969
- Financial charges +€1,115
up €1,115 (+590.1%), from €189 to €1,304
- Other operating charges -€1,080
no longer reported in 2025 (was €1,080)
- Taxes +€869
up €869 (+86.4%), from €1,006 to €1,875
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.
Cash bridge derived
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 | €29,896 | €59,983 | +€30,087 | +100.6% |
| Fixed assets | 21/28 | €11,582 | €37,232 | +€25,650 | +221.5% |
| Tangible fixed assets | 22/27 | €11,582 | €37,232 | +€25,650 | +221.5% |
| Plant, machinery and equipment | 23 | €2,464 | €967 | -€1,497 | -60.8% |
| Furniture and vehicles | 24 | €8,170 | €35,428 | +€27,258 | +333.6% |
| Other tangible fixed assets | 26 | €948 | €838 | -€110 | -11.6% |
| Current assets | 29/58 | €18,314 | €22,751 | +€4,437 | +24.2% |
| Amounts receivable within one year | 40/41 | €13,759 | €14,419 | +€660 | +4.8% |
| Trade receivables | 40 | - | €580 | +€580 | |
| Other amounts receivable | 41 | €13,759 | €13,839 | +€80 | +0.6% |
| Cash at bank and in hand | 54/58 | €1,217 | €3,532 | +€2,315 | +190.2% |
| Deferred charges and accrued income | 490/1 | €3,338 | €4,800 | +€1,462 | +43.8% |
| Total equity and liabilities | 10/49 | €29,896 | €59,983 | +€30,087 | +100.6% |
| Equity | 10/15 | €26,392 | €27,103 | +€712 | +2.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,392 | €12,103 | +€712 | +6.2% |
| Amounts payable | 17/49 | €3,504 | €32,879 | +€29,376 | +838.4% |
| Amounts payable after more than one year | 17 | - | €16,591 | +€16,591 | |
| Financial debts | 170/4 | - | €16,591 | +€16,591 | |
| Amounts payable within one year | 42/48 | €3,504 | €16,288 | +€12,784 | +364.9% |
| Current portion of amounts payable after more than one year | 42 | - | €7,513 | +€7,513 | |
| Trade debts | 44 | €1,440 | €559 | -€881 | -61.2% |
| Suppliers | 440/4 | €1,440 | €559 | -€881 | -61.2% |
| Advances received on contracts in progress | 46 | - | €2,300 | +€2,300 | |
| Taxes, remuneration and social security | 45 | €2,063 | €5,916 | +€3,852 | +186.7% |
| Taxes | 450/3 | €1,063 | €2,916 | +€1,852 | +174.2% |
| Remuneration and social security | 454/9 | €1,000 | €3,000 | +€2,000 | +200.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,974 | €11,811 | +€6,837 | +137.5% |
| Other operating charges | 640/8 | €1,080 | - | -€1,080 | |
| Gross operating margin | 9900 | €9,228 | €14,969 | +€5,741 | +62.2% |
| Operating profit (loss) | 9901 | €3,175 | €3,159 | -€16 | -0.5% |
| Financial income | 75/76B | €400 | €731 | +€331 | +82.7% |
| Recurring financial income | 75 | €400 | €731 | +€331 | +82.7% |
| Financial charges | 65/66B | €189 | €1,304 | +€1,115 | +590.1% |
| Recurring financial charges | 65 | €189 | €1,304 | +€1,115 | +590.1% |
| Profit (loss) for the period before taxes | 9903 | €3,386 | €2,586 | -€800 | -23.6% |
| Income taxes | 67/77 | €1,006 | €1,875 | +€869 | +86.4% |
| Profit (loss) for the period | 9904 | €2,380 | €712 | -€1,668 | -70.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,380 | €712 | -€1,668 | -70.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.