KRUICO: 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.
KRUICO
Largest movements
- Receivables within one year +€328,195
up €328,195 (+132.6%), from €247,427 to €575,622
of which Other amounts receivable: +€297,075
- Current investments -€106,055
down €106,055 (-8.1%), from €1.3m to €1.2m
- Tangible fixed assets +€59,024
up €59,024 (+7.4%), from €797,883 to €856,907
of which Furniture and vehicles: +€82,369
- Cash +€44,097
up €44,097 (+3.8%), from €1.2m to €1.2m
mainly Other debts (+€615,114) and Net result for the year (+€603,223)
- Other debts +€615,114
up €615,114 (+144.4%), from €425,906 to €1.0m
- Reserves -€287,293
down €287,293 (-12.1%), from €2.4m to €2.1m
of which Distributable reserves: -€287,293
- Trade debts +€147,347
up €147,347 (+23.5%), from €627,901 to €775,247
- Debts after one year -€62,118
down €62,118 (-29.4%), from €211,119 to €149,001
- Tax, wage and social debts -€60,084
down €60,084 (-23.2%), from €258,609 to €198,525
of which Taxes: -€65,320
- Financial income -€87,967
down €87,967 (-43.6%), from €201,647 to €113,680
- Gross operating margin -€79,574
down €79,574 (-6.2%), from €1.3m to €1.2m
- Taxes -€39,380
down €39,380 (-13.3%), from €296,070 to €256,690
- Financial charges +€32,219
up €32,219 (+105.3%), from €30,603 to €62,823
- Staff costs +€30,721
up €30,721 (+12.8%), from €240,456 to €271,177
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 | €3,992,829 | €4,333,269 | +€340,440 | +8.5% |
| Fixed assets | 21/28 | €797,888 | €856,912 | +€59,024 | +7.4% |
| Tangible fixed assets | 22/27 | €797,883 | €856,907 | +€59,024 | +7.4% |
| Land and buildings | 22 | €584,518 | €544,766 | -€39,752 | -6.8% |
| Plant, machinery and equipment | 23 | €95,946 | €113,554 | +€17,608 | +18.4% |
| Furniture and vehicles | 24 | €56,035 | €138,405 | +€82,369 | +147.0% |
| Other tangible fixed assets | 26 | €61,384 | €60,182 | -€1,202 | -2.0% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €3,194,941 | €3,476,357 | +€281,416 | +8.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €465,419 | €483,059 | +€17,640 | +3.8% |
| Stocks | 30/36 | €465,419 | €483,059 | +€17,640 | +3.8% |
| Amounts receivable within one year | 40/41 | €247,427 | €575,622 | +€328,195 | +132.6% |
| Trade receivables | 40 | €144,502 | €175,622 | +€31,119 | +21.5% |
| Other amounts receivable | 41 | €102,925 | €400,000 | +€297,075 | +288.6% |
| Current investments | 50/53 | €1,306,055 | €1,200,000 | -€106,055 | -8.1% |
| Cash at bank and in hand | 54/58 | €1,172,612 | €1,216,709 | +€44,097 | +3.8% |
| Deferred charges and accrued income | 490/1 | €3,428 | €967 | -€2,462 | -71.8% |
| Total equity and liabilities | 10/49 | €3,992,829 | €4,333,269 | +€340,440 | +8.5% |
| Equity | 10/15 | €2,383,995 | €2,096,702 | -€287,293 | -12.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,365,395 | €2,078,102 | -€287,293 | -12.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €2,307,285 | €2,019,992 | -€287,293 | -12.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,608,834 | €2,236,567 | +€627,733 | +39.0% |
| Amounts payable after more than one year | 17 | €211,119 | €149,001 | -€62,118 | -29.4% |
| Financial debts | 170/4 | €211,119 | €149,001 | -€62,118 | -29.4% |
| Amounts payable within one year | 42/48 | €1,373,515 | €2,076,910 | +€703,395 | +51.2% |
| Current portion of amounts payable after more than one year | 42 | €61,100 | €62,118 | +€1,019 | +1.7% |
| Trade debts | 44 | €627,901 | €775,247 | +€147,347 | +23.5% |
| Suppliers | 440/4 | €627,901 | €775,247 | +€147,347 | +23.5% |
| Taxes, remuneration and social security | 45 | €258,609 | €198,525 | -€60,084 | -23.2% |
| Taxes | 450/3 | €230,795 | €165,475 | -€65,320 | -28.3% |
| Remuneration and social security | 454/9 | €27,814 | €33,049 | +€5,235 | +18.8% |
| Other amounts payable | 47/48 | €425,906 | €1,041,020 | +€615,114 | +144.4% |
| Accrued charges and deferred income | 492/3 | €24,200 | €10,656 | -€13,544 | -56.0% |
| Non-recurring operating income | 76A | - | €8,779 | +€8,779 | |
| Remuneration, social security and pensions | 62 | €240,456 | €271,177 | +€30,721 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,572 | €113,849 | -€9,722 | -7.9% |
| Other operating charges | 640/8 | €6,466 | €6,096 | -€369 | -5.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,279,752 | €1,200,178 | -€79,574 | -6.2% |
| Operating profit (loss) | 9901 | €909,259 | €809,056 | -€100,203 | -11.0% |
| Financial income | 75/76B | €201,647 | €113,680 | -€87,967 | -43.6% |
| Recurring financial income | 75 | €201,647 | €113,680 | -€87,967 | -43.6% |
| Financial charges | 65/66B | €30,603 | €62,823 | +€32,219 | +105.3% |
| Recurring financial charges | 65 | €30,603 | €62,823 | +€32,219 | +105.3% |
| Profit (loss) for the period before taxes | 9903 | €1,080,303 | €859,913 | -€220,390 | -20.4% |
| Income taxes | 67/77 | €296,070 | €256,690 | -€39,380 | -13.3% |
| Profit (loss) for the period | 9904 | €784,233 | €603,223 | -€181,010 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €784,233 | €603,223 | -€181,010 | -23.1% |
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 5 October 2026 via checked.be.