KRUDEL: 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.
KRUDEL
Largest movements
- Tangible fixed assets -€39,882
down €39,882 (-2.7%), from €1.5m to €1.4m
of which Land and buildings: -€39,247
- Debts after one year -€46,827
down €46,827 (-4.0%), from €1.2m to €1.1m
of which Other amounts payable: -€25,879
- Gross operating margin +€5,760
up €5,760 (+12.2%), from €47,147 to €52,907
- Depreciation -€5,066
down €5,066 (-11.3%), from €44,948 to €39,882
- Other operating charges +€755
up €755 (+27.3%), from €2,771 to €3,526
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 | €1,484,290 | €1,443,266 | -€41,024 | -2.8% |
| Fixed assets | 21/28 | €1,476,142 | €1,436,260 | -€39,882 | -2.7% |
| Tangible fixed assets | 22/27 | €1,476,142 | €1,436,260 | -€39,882 | -2.7% |
| Land and buildings | 22 | €1,475,109 | €1,435,862 | -€39,247 | -2.7% |
| Furniture and vehicles | 24 | €1,033 | €397 | -€636 | -61.5% |
| Current assets | 29/58 | €8,149 | €7,006 | -€1,142 | -14.0% |
| Amounts receivable within one year | 40/41 | €36 | €36 | = | 0.0% |
| Trade receivables | 40 | - | €36 | +€36 | |
| Other amounts receivable | 41 | €36 | €0 | -€36 | -100.0% |
| Cash at bank and in hand | 54/58 | €7,109 | €5,960 | -€1,149 | -16.2% |
| Deferred charges and accrued income | 490/1 | €1,003 | €1,011 | +€7 | +0.7% |
| Total equity and liabilities | 10/49 | €1,484,290 | €1,443,266 | -€41,024 | -2.8% |
| Equity | 10/15 | €301,164 | €306,124 | +€4,961 | +1.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €326,806 | €326,806 | = | 0.0% |
| Distributable reserves | 133 | €326,806 | €326,806 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,643 | -€40,682 | +€4,961 | +10.9% |
| Amounts payable | 17/49 | €1,183,127 | €1,137,142 | -€45,985 | -3.9% |
| Amounts payable after more than one year | 17 | €1,162,300 | €1,115,472 | -€46,827 | -4.0% |
| Financial debts | 170/4 | €380,202 | €359,254 | -€20,948 | -5.5% |
| Other amounts payable | 178/9 | €782,097 | €756,218 | -€25,879 | -3.3% |
| Amounts payable within one year | 42/48 | €20,742 | €21,603 | +€861 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €20,711 | €20,948 | +€237 | +1.1% |
| Trade debts | 44 | €31 | €623 | +€592 | +1888.7% |
| Suppliers | 440/4 | €31 | €623 | +€592 | +1888.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €31 | +€31 | |
| Accrued charges and deferred income | 492/3 | €85 | €67 | -€18 | -21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,948 | €39,882 | -€5,066 | -11.3% |
| Other operating charges | 640/8 | €2,771 | €3,526 | +€755 | +27.3% |
| Gross operating margin | 9900 | €47,147 | €52,907 | +€5,760 | +12.2% |
| Operating profit (loss) | 9901 | -€573 | €9,498 | +€10,071 | |
| Financial income | 75/76B | €120 | €1 | -€119 | -99.3% |
| Recurring financial income | 75 | €120 | €1 | -€119 | -99.3% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €4,798 | €4,538 | -€259 | -5.4% |
| Recurring financial charges | 65 | €4,798 | €4,538 | -€259 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,250 | €4,961 | +€10,211 | |
| Income taxes | 67/77 | €0 | €0 | +€0 | +525.0% |
| Profit (loss) for the period | 9904 | -€5,250 | €4,961 | +€10,211 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,250 | €4,961 | +€10,211 |
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 10 October 2026 via checked.be.