KRONDORSOFT: 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.
KRONDORSOFT
Largest movements
- Tangible fixed assets +€122,906
up €122,906 (+34.8%), from €352,886 to €475,792
of which Land and buildings: +€118,950
- Receivables within one year -€100,393
down €100,393 (-82.7%), from €121,335 to €20,942
of which Trade receivables: -€72,158
- Cash -€67,300
down €67,300 (-52.2%), from €128,980 to €61,679
mainly Investment in fixed assets (net) (-€138,566) and Current portion of long-term debt (-€87,314)
- Current investments -€46,528
down €46,528 (-86.0%), from €54,117 to €7,589
- Current portion of long-term debt -€87,314
down €87,314 (-90.0%), from €97,031 to €9,717
- Trade debts -€57,400
down €57,400 (-99.4%), from €57,718 to €318
- Tax, wage and social debts +€33,593
up €33,593 (+150%), from €22,415 to €56,009
of which Taxes: +€25,129
- Reserves +€31,388
up €31,388 (+16.8%), from €186,627 to €218,016
- Debts after one year -€9,717
down €9,717 (-3.5%), from €278,969 to €269,252
- Gross operating margin +€62,983
up €62,983 (+66.9%), from €94,081 to €157,064
- Taxes +€16,532
up €16,532 (+90.5%), from €18,268 to €34,800
- Financial income +€6,940
up €6,940 (+126%), from €5,512 to €12,452
- Financial charges +€2,131
up €2,131 (+14.9%), from €14,331 to €16,461
- Depreciation +€1,750
up €1,750 (+12.6%), from €13,910 to €15,660
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 | €660,119 | €566,735 | -€93,385 | -14.1% |
| Fixed assets | 21/28 | €352,886 | €475,792 | +€122,906 | +34.8% |
| Tangible fixed assets | 22/27 | €352,886 | €475,792 | +€122,906 | +34.8% |
| Land and buildings | 22 | €352,886 | €471,836 | +€118,950 | +33.7% |
| Plant, machinery and equipment | 23 | - | €2,705 | +€2,705 | |
| Furniture and vehicles | 24 | - | €1,251 | +€1,251 | |
| Current assets | 29/58 | €307,233 | €90,943 | -€216,291 | -70.4% |
| Amounts receivable within one year | 40/41 | €121,335 | €20,942 | -€100,393 | -82.7% |
| Trade receivables | 40 | €87,719 | €15,560 | -€72,158 | -82.3% |
| Other amounts receivable | 41 | €33,617 | €5,382 | -€28,235 | -84.0% |
| Current investments | 50/53 | €54,117 | €7,589 | -€46,528 | -86.0% |
| Cash at bank and in hand | 54/58 | €128,980 | €61,679 | -€67,300 | -52.2% |
| Deferred charges and accrued income | 490/1 | €2,801 | €732 | -€2,069 | -73.9% |
| Total equity and liabilities | 10/49 | €660,119 | €566,735 | -€93,385 | -14.1% |
| Equity | 10/15 | €199,027 | €230,416 | +€31,388 | +15.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €186,627 | €218,016 | +€31,388 | +16.8% |
| Distributable reserves | 133 | €186,627 | €218,016 | +€31,388 | +16.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €461,092 | €336,319 | -€124,773 | -27.1% |
| Amounts payable after more than one year | 17 | €278,969 | €269,252 | -€9,717 | -3.5% |
| Financial debts | 170/4 | €278,969 | €269,252 | -€9,717 | -3.5% |
| Amounts payable within one year | 42/48 | €181,408 | €66,043 | -€115,365 | -63.6% |
| Current portion of amounts payable after more than one year | 42 | €97,031 | €9,717 | -€87,314 | -90.0% |
| Trade debts | 44 | €57,718 | €318 | -€57,400 | -99.4% |
| Suppliers | 440/4 | €57,718 | €318 | -€57,400 | -99.4% |
| Taxes, remuneration and social security | 45 | €22,415 | €56,009 | +€33,593 | +150% |
| Taxes | 450/3 | €22,415 | €47,545 | +€25,129 | +112% |
| Remuneration and social security | 454/9 | €0 | €8,464 | +€8,464 | |
| Other amounts payable | 47/48 | €4,244 | €0 | -€4,244 | -100% |
| Accrued charges and deferred income | 492/3 | €714 | €1,023 | +€309 | +43.3% |
| Non-recurring operating income | 76A | - | €91,717 | +€91,717 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,910 | €15,660 | +€1,750 | +12.6% |
| Other operating charges | 640/8 | €2,574 | €2,410 | -€164 | -6.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €94,081 | €157,064 | +€62,983 | +66.9% |
| Operating profit (loss) | 9901 | €77,597 | €138,993 | +€61,396 | +79.1% |
| Financial income | 75/76B | €5,512 | €12,452 | +€6,940 | +126% |
| Recurring financial income | 75 | €5,512 | €12,452 | +€6,940 | +126% |
| Financial charges | 65/66B | €14,331 | €16,461 | +€2,131 | +14.9% |
| Recurring financial charges | 65 | €14,331 | €16,461 | +€2,131 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €68,778 | €134,984 | +€66,206 | +96.3% |
| Income taxes | 67/77 | €18,268 | €34,800 | +€16,532 | +90.5% |
| Profit (loss) for the period | 9904 | €50,510 | €100,184 | +€49,674 | +98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,510 | €100,184 | +€49,674 | +98.3% |
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.