KROSBOW: 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.
KROSBOW
Largest movements
- Cash +€23,036
up €23,036 (+3.7%), from €614,723 to €637,759
mainly Net result for the year (+€40,487) and Depreciation (+€13,325)
- Receivables within one year +€16,891
up €16,891 (+163%), from €10,364 to €27,255
of which Trade receivables: +€16,891
- Tangible fixed assets -€13,325
down €13,325 (-78.5%), from €16,976 to €3,651
of which Leasing and similar rights: -€8,177
- Reserves +€40,487
up €40,487 (+8.4%), from €480,739 to €521,225
- Current portion of long-term debt -€7,644
no longer reported in 2025 (was €7,644)
- Financial income -€9,630
down €9,630 (-79.7%), from €12,080 to €2,451
- Taxes -€7,869
down €7,869 (-33.2%), from €23,685 to €15,816
- Gross operating margin -€4,608
down €4,608 (-6.3%), from €73,640 to €69,032
- Depreciation -€2,117
down €2,117 (-13.7%), from €15,442 to €13,325
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 | €643,485 | €670,113 | +€26,628 | +4.1% |
| Fixed assets | 21/28 | €16,976 | €3,651 | -€13,325 | -78.5% |
| Tangible fixed assets | 22/27 | €16,976 | €3,651 | -€13,325 | -78.5% |
| Furniture and vehicles | 24 | €8,799 | €3,651 | -€5,148 | -58.5% |
| Leasing and similar rights | 25 | €8,177 | - | -€8,177 | |
| Current assets | 29/58 | €626,509 | €666,462 | +€39,953 | +6.4% |
| Amounts receivable within one year | 40/41 | €10,364 | €27,255 | +€16,891 | +163% |
| Trade receivables | 40 | €10,284 | €27,174 | +€16,891 | +164% |
| Other amounts receivable | 41 | €81 | €81 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €614,723 | €637,759 | +€23,036 | +3.7% |
| Deferred charges and accrued income | 490/1 | €1,422 | €1,449 | +€27 | +1.9% |
| Total equity and liabilities | 10/49 | €643,485 | €670,113 | +€26,628 | +4.1% |
| Equity | 10/15 | €486,939 | €527,425 | +€40,487 | +8.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €480,739 | €521,225 | +€40,487 | +8.4% |
| Distributable reserves | 133 | €480,739 | €521,225 | +€40,487 | +8.4% |
| Provisions and deferred taxes | 16 | €45,000 | €45,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €45,000 | €45,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €45,000 | €45,000 | = | 0.0% |
| Amounts payable | 17/49 | €111,546 | €97,688 | -€13,859 | -12.4% |
| Amounts payable after more than one year | 17 | €1,944 | - | -€1,944 | |
| Financial debts | 170/4 | €1,944 | - | -€1,944 | |
| Amounts payable within one year | 42/48 | €108,602 | €96,288 | -€12,314 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €7,644 | - | -€7,644 | |
| Trade debts | 44 | €2,356 | €4,553 | +€2,197 | +93.3% |
| Suppliers | 440/4 | €2,356 | €4,553 | +€2,197 | +93.3% |
| Taxes, remuneration and social security | 45 | €28,547 | €26,282 | -€2,264 | -7.9% |
| Taxes | 450/3 | €28,547 | €26,282 | -€2,264 | -7.9% |
| Other amounts payable | 47/48 | €70,056 | €65,453 | -€4,603 | -6.6% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,400 | +€400 | +40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,442 | €13,325 | -€2,117 | -13.7% |
| Other operating charges | 640/8 | €1,464 | €1,594 | +€130 | +8.9% |
| Gross operating margin | 9900 | €73,640 | €69,032 | -€4,608 | -6.3% |
| Operating profit (loss) | 9901 | €56,734 | €54,112 | -€2,622 | -4.6% |
| Financial income | 75/76B | €12,080 | €2,451 | -€9,630 | -79.7% |
| Recurring financial income | 75 | €12,080 | €2,451 | -€9,630 | -79.7% |
| Financial charges | 65/66B | €256 | €260 | +€4 | +1.7% |
| Recurring financial charges | 65 | €256 | €260 | +€4 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €68,558 | €56,303 | -€12,255 | -17.9% |
| Income taxes | 67/77 | €23,685 | €15,816 | -€7,869 | -33.2% |
| Profit (loss) for the period | 9904 | €44,873 | €40,487 | -€4,387 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €44,873 | €40,487 | -€4,387 | -9.8% |
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 17 October 2026 via checked.be.