Kruimels & Letters: what changed
Kruimels & Letters
Largest movements
- Cash -€12,197
down €12,197 (-53.6%), from €22,758 to €10,561
mainly Trade debts (-€33,469) and Debts after one year (-€18,000)
- Receivables within one year -€2,825
down €2,825 (-74.2%), from €3,807 to €983
of which Trade receivables: -€2,943
- Deferred charges and accrued income +€2,269
up €2,269 (+125%), from €1,816 to €4,085
- Other debts +€36,214
up €36,214 (+113%), from €32,182 to €68,396
- Trade debts -€33,469
down €33,469 (-65.7%), from €50,932 to €17,463
- Debts after one year -€18,000
down €18,000 (-38.8%), from €46,350 to €28,350
- Profit (loss) carried forward +€8,695
up €8,695 (+6.7%), from -€130,100 to -€121,404
- Tax, wage and social debts -€6,071
down €6,071 (-70.6%), from €8,599 to €2,528
of which Taxes: -€6,168
- Gross operating margin +€8,652
up €8,652 (+77.2%), from €11,214 to €19,866
- Financial charges +€1,380
up €1,380 (+58.5%), from €2,357 to €3,737
- Staff costs +€1,102
up €1,102 (+24.0%), from €4,588 to €5,690
- Other operating charges -€302
down €302 (-11.3%), from €2,679 to €2,377
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,963 | €33,333 | -€12,630 | -27.5% |
| Fixed assets | 21/28 | €3,951 | €3,951 | = | 0.0% |
| Financial fixed assets | 28 | €3,951 | €3,951 | = | 0.0% |
| Current assets | 29/58 | €42,012 | €29,382 | -€12,630 | -30.1% |
| Stocks and contracts in progress | 3 | €13,631 | €13,753 | +€122 | +0.9% |
| Stocks | 30/36 | €13,631 | €13,753 | +€122 | +0.9% |
| Amounts receivable within one year | 40/41 | €3,807 | €983 | -€2,825 | -74.2% |
| Trade receivables | 40 | €3,807 | €864 | -€2,943 | -77.3% |
| Other amounts receivable | 41 | €0 | €118 | +€118 | |
| Cash at bank and in hand | 54/58 | €22,758 | €10,561 | -€12,197 | -53.6% |
| Deferred charges and accrued income | 490/1 | €1,816 | €4,085 | +€2,269 | +125% |
| Total equity and liabilities | 10/49 | €45,963 | €33,333 | -€12,630 | -27.5% |
| Equity | 10/15 | -€110,100 | -€101,404 | +€8,695 | +7.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,100 | -€121,404 | +€8,695 | +6.7% |
| Amounts payable | 17/49 | €156,063 | €134,737 | -€21,326 | -13.7% |
| Amounts payable after more than one year | 17 | €46,350 | €28,350 | -€18,000 | -38.8% |
| Financial debts | 170/4 | €46,350 | €28,350 | -€18,000 | -38.8% |
| Amounts payable within one year | 42/48 | €109,713 | €106,387 | -€3,326 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €18,000 | €18,000 | = | 0.0% |
| Trade debts | 44 | €50,932 | €17,463 | -€33,469 | -65.7% |
| Suppliers | 440/4 | €50,932 | €17,463 | -€33,469 | -65.7% |
| Taxes, remuneration and social security | 45 | €8,599 | €2,528 | -€6,071 | -70.6% |
| Taxes | 450/3 | €8,191 | €2,023 | -€6,168 | -75.3% |
| Remuneration and social security | 454/9 | €408 | €506 | +€97 | +23.9% |
| Other amounts payable | 47/48 | €32,182 | €68,396 | +€36,214 | +113% |
| Remuneration, social security and pensions | 62 | €4,588 | €5,690 | +€1,102 | +24.0% |
| Other operating charges | 640/8 | €2,679 | €2,377 | -€302 | -11.3% |
| Gross operating margin | 9900 | €11,214 | €19,866 | +€8,652 | +77.2% |
| Operating profit (loss) | 9901 | €3,947 | €11,799 | +€7,852 | +199% |
| Financial income | 75/76B | €476 | €633 | +€157 | +33.0% |
| Recurring financial income | 75 | €476 | €633 | +€157 | +33.0% |
| Financial charges | 65/66B | €2,357 | €3,737 | +€1,380 | +58.5% |
| Recurring financial charges | 65 | €2,357 | €3,737 | +€1,380 | +58.5% |
| Profit (loss) for the period before taxes | 9903 | €2,065 | €8,695 | +€6,630 | +321% |
| Income taxes | 67/77 | €1 | €0 | -€1 | -100% |
| Profit (loss) for the period | 9904 | €2,065 | €8,695 | +€6,631 | +321% |
| Profit (loss) for the period to be appropriated | 9905 | €2,065 | €8,695 | +€6,631 | +321% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.