KRS: 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.
KRS
Largest movements
- Cash +€46,137
up €46,137 (+469.6%), from €9,824 to €55,962
mainly Net result for the year (+€88,150) and Depreciation (+€47,173)
- Tangible fixed assets +€20,513
up €20,513 (+13.7%), from €150,275 to €170,788
of which Plant, machinery and equipment: +€34,079
- Receivables within one year -€11,997
down €11,997 (-50.0%), from €23,991 to €11,995
of which Other amounts receivable: -€13,223
- Reserves +€98,841
up €98,841 (+248.7%), from €39,746 to €138,587
of which Distributable reserves: +€98,841
- Debts after one year -€34,936
down €34,936 (-47.1%), from €74,218 to €39,282
- Other debts -€34,257
no longer reported in 2025 (was €34,257)
- Trade debts +€31,913
new in 2025: €31,913
- Profit (loss) carried forward -€10,691
no longer reported in 2025 (was €10,691)
- Gross operating margin +€120,944
up €120,944 (+492.7%), from €24,548 to €145,491
- Depreciation +€38,524
up €38,524 (+445.4%), from €8,650 to €47,173
- Other operating charges +€1,637
up €1,637 (+54.2%), from €3,021 to €4,658
- Financial income +€1,538
up €1,538 (+343.6%), from €448 to €1,986
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 | €190,528 | €245,495 | +€54,967 | +28.8% |
| Fixed assets | 21/28 | €153,298 | €173,811 | +€20,513 | +13.4% |
| Tangible fixed assets | 22/27 | €150,275 | €170,788 | +€20,513 | +13.7% |
| Land and buildings | 22 | €115,677 | €108,234 | -€7,443 | -6.4% |
| Plant, machinery and equipment | 23 | €10,103 | €44,182 | +€34,079 | +337.3% |
| Furniture and vehicles | 24 | €24,495 | €18,372 | -€6,124 | -25.0% |
| Financial fixed assets | 28 | €3,023 | €3,023 | = | 0.0% |
| Current assets | 29/58 | €37,230 | €71,684 | +€34,454 | +92.5% |
| Stocks and contracts in progress | 3 | €3,414 | €3,727 | +€313 | +9.2% |
| Stocks | 30/36 | €3,414 | €3,727 | +€313 | +9.2% |
| Amounts receivable within one year | 40/41 | €23,991 | €11,995 | -€11,997 | -50.0% |
| Trade receivables | 40 | €7,066 | €8,293 | +€1,226 | +17.4% |
| Other amounts receivable | 41 | €16,925 | €3,702 | -€13,223 | -78.1% |
| Cash at bank and in hand | 54/58 | €9,824 | €55,962 | +€46,137 | +469.6% |
| Total equity and liabilities | 10/49 | €190,528 | €245,495 | +€54,967 | +28.8% |
| Equity | 10/15 | €56,637 | €144,787 | +€88,150 | +155.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €39,746 | €138,587 | +€98,841 | +248.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €37,886 | €136,727 | +€98,841 | +260.9% |
| Profit (loss) carried forward | 14 | €10,691 | - | -€10,691 | |
| Amounts payable | 17/49 | €133,891 | €100,708 | -€33,183 | -24.8% |
| Amounts payable after more than one year | 17 | €74,218 | €39,282 | -€34,936 | -47.1% |
| Financial debts | 170/4 | €74,218 | €39,282 | -€34,936 | -47.1% |
| Amounts payable within one year | 42/48 | €59,673 | €61,426 | +€1,753 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €20,503 | €25,654 | +€5,151 | +25.1% |
| Trade debts | 44 | - | €31,913 | +€31,913 | |
| Suppliers | 440/4 | - | €31,913 | +€31,913 | |
| Taxes, remuneration and social security | 45 | €4,913 | €3,858 | -€1,055 | -21.5% |
| Remuneration and social security | 454/9 | €4,913 | €3,858 | -€1,055 | -21.5% |
| Other amounts payable | 47/48 | €34,257 | - | -€34,257 | |
| Non-recurring operating income | 76A | - | €24,560 | +€24,560 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,650 | €47,173 | +€38,524 | +445.4% |
| Other operating charges | 640/8 | €3,021 | €4,658 | +€1,637 | +54.2% |
| Gross operating margin | 9900 | €24,548 | €145,491 | +€120,944 | +492.7% |
| Operating profit (loss) | 9901 | €12,877 | €93,660 | +€80,782 | +627.3% |
| Financial income | 75/76B | €448 | €1,986 | +€1,538 | +343.6% |
| Recurring financial income | 75 | €448 | €1,986 | +€1,538 | +343.6% |
| Financial charges | 65/66B | €7,505 | €7,495 | -€10 | -0.1% |
| Recurring financial charges | 65 | €7,505 | €7,495 | -€10 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €5,820 | €88,150 | +€82,330 | +1414.7% |
| Income taxes | 67/77 | €1,170 | - | -€1,170 | |
| Profit (loss) for the period | 9904 | €4,650 | €88,150 | +€83,500 | +1795.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,650 | €88,150 | +€83,500 | +1795.7% |
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 7 October 2026 via checked.be.