KRS PROPERTIES: 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 PROPERTIES
Largest movements
- Tangible fixed assets -€70,939
down €70,939 (-7.5%), from €944,865 to €873,927
- Cash +€33,691
up €33,691 (+13918.4%), from €242 to €33,933
mainly Current portion of long-term debt (+€158,362) and Advances received (+€126,885)
- Debts after one year -€206,036
down €206,036 (-42.2%), from €487,759 to €281,723
- Current portion of long-term debt +€158,362
up €158,362 (+332.2%), from €47,674 to €206,036
- Advances received +€126,885
new in 2025: €126,885
- Trade debts -€87,325
down €87,325 (-30.8%), from €283,864 to €196,538
- Other debts -€20,188
down €20,188 (-20.9%), from €96,718 to €76,530
- Financial income -€200,000
no longer reported in 2025 (was €200,000)
- Staff costs +€27,076
up €27,076 (+7.6%), from €357,326 to €384,402
- Depreciation +€14,415
up €14,415 (+25.5%), from €56,524 to €70,939
- Gross operating margin +€5,782
up €5,782 (+1.2%), from €472,470 to €478,252
- Other operating charges -€5,770
down €5,770 (-30.6%), from €18,854 to €13,084
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 | €1,849,719 | €1,827,345 | -€22,374 | -1.2% |
| Fixed assets | 21/28 | €1,787,915 | €1,716,977 | -€70,939 | -4.0% |
| Tangible fixed assets | 22/27 | €944,865 | €873,927 | -€70,939 | -7.5% |
| Land and buildings | 22 | €944,865 | €873,927 | -€70,939 | -7.5% |
| Financial fixed assets | 28 | €843,050 | €843,050 | = | 0.0% |
| Current assets | 29/58 | €61,803 | €110,368 | +€48,565 | +78.6% |
| Amounts receivable within one year | 40/41 | €50,099 | €63,913 | +€13,814 | +27.6% |
| Trade receivables | 40 | - | €18,983 | +€18,983 | |
| Other amounts receivable | 41 | €50,099 | €44,930 | -€5,169 | -10.3% |
| Cash at bank and in hand | 54/58 | €242 | €33,933 | +€33,691 | +13918.4% |
| Deferred charges and accrued income | 490/1 | €11,462 | €12,522 | +€1,060 | +9.2% |
| Total equity and liabilities | 10/49 | €1,849,719 | €1,827,345 | -€22,374 | -1.2% |
| Equity | 10/15 | €844,178 | €830,035 | -€14,143 | -1.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €400,000 | €400,000 | = | 0.0% |
| Distributable reserves | 133 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €424,178 | €410,035 | -€14,143 | -3.3% |
| Amounts payable | 17/49 | €1,005,541 | €997,310 | -€8,231 | -0.8% |
| Amounts payable after more than one year | 17 | €487,759 | €281,723 | -€206,036 | -42.2% |
| Financial debts | 170/4 | €487,759 | €281,723 | -€206,036 | -42.2% |
| Amounts payable within one year | 42/48 | €516,953 | €715,587 | +€198,634 | +38.4% |
| Current portion of amounts payable after more than one year | 42 | €47,674 | €206,036 | +€158,362 | +332.2% |
| Financial debts | 43 | €37,803 | €54,350 | +€16,547 | +43.8% |
| Credit institutions | 430/8 | €37,803 | €54,350 | +€16,547 | +43.8% |
| Trade debts | 44 | €283,864 | €196,538 | -€87,325 | -30.8% |
| Suppliers | 440/4 | €283,864 | €196,538 | -€87,325 | -30.8% |
| Advances received on contracts in progress | 46 | - | €126,885 | +€126,885 | |
| Taxes, remuneration and social security | 45 | €50,894 | €55,247 | +€4,353 | +8.6% |
| Taxes | 450/3 | €12,434 | €18,514 | +€6,080 | +48.9% |
| Remuneration and social security | 454/9 | €38,460 | €36,733 | -€1,727 | -4.5% |
| Other amounts payable | 47/48 | €96,718 | €76,530 | -€20,188 | -20.9% |
| Accrued charges and deferred income | 492/3 | €829 | - | -€829 | |
| Remuneration, social security and pensions | 62 | €357,326 | €384,402 | +€27,076 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,524 | €70,939 | +€14,415 | +25.5% |
| Other operating charges | 640/8 | €18,854 | €13,084 | -€5,770 | -30.6% |
| Gross operating margin | 9900 | €472,470 | €478,252 | +€5,782 | +1.2% |
| Operating profit (loss) | 9901 | €39,766 | €9,826 | -€29,940 | -75.3% |
| Financial income | 75/76B | €200,000 | - | -€200,000 | |
| Recurring financial income | 75 | €200,000 | - | -€200,000 | |
| Financial charges | 65/66B | €23,632 | €22,584 | -€1,047 | -4.4% |
| Recurring financial charges | 65 | €23,632 | €22,584 | -€1,047 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €216,134 | -€12,758 | -€228,893 | |
| Income taxes | 67/77 | €1,310 | €1,384 | +€75 | +5.7% |
| Profit (loss) for the period | 9904 | €214,825 | -€14,143 | -€228,967 | |
| Profit (loss) for the period to be appropriated | 9905 | €214,825 | -€14,143 | -€228,967 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.