Kruisbek: what changed
Kruisbek
Largest movements
- Stocks and contracts +€280,463
new in 2025: €280,463
- Cash -€71,689
down €71,689 (-66.4%), from €107,921 to €36,232
mainly Stocks and contracts (-€280,463) and Contributions, distributions and other (-€30,000)
- Receivables within one year +€12,646
up €12,646 (+286%), from €4,414 to €17,060
of which Trade receivables: +€13,102
- Debts after one year +€204,474
up €204,474, from €0 to €204,474
- Other debts +€28,246
up €28,246, from €0 to €28,246
- Tax, wage and social debts -€20,799
down €20,799 (-77.4%), from €26,876 to €6,077
- Trade debts +€6,598
up €6,598 (+174%), from €3,792 to €10,390
- Current portion of long-term debt +€5,903
up €5,903 (+93.7%), from €6,297 to €12,200
- Gross operating margin +€8,544
up €8,544 (+19.8%), from €43,056 to €51,600
- Financial charges +€2,422
up €2,422 (+694%), from €349 to €2,771
- Other operating charges +€1,709
up €1,709 (+93.2%), from €1,834 to €3,543
- Taxes +€857
up €857 (+8.4%), from €10,224 to €11,081
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 | €125,301 | €350,096 | +€224,795 | +179% |
| Fixed assets | 21/28 | €11,594 | €14,756 | +€3,162 | +27.3% |
| Tangible fixed assets | 22/27 | €11,594 | €14,756 | +€3,162 | +27.3% |
| Furniture and vehicles | 24 | €11,594 | €14,756 | +€3,162 | +27.3% |
| Current assets | 29/58 | €113,707 | €335,340 | +€221,633 | +195% |
| Stocks and contracts in progress | 3 | - | €280,463 | +€280,463 | |
| Stocks | 30/36 | - | €280,463 | +€280,463 | |
| Amounts receivable within one year | 40/41 | €4,414 | €17,060 | +€12,646 | +286% |
| Trade receivables | 40 | €3,240 | €16,341 | +€13,102 | +404% |
| Other amounts receivable | 41 | €1,174 | €718 | -€456 | -38.8% |
| Cash at bank and in hand | 54/58 | €107,921 | €36,232 | -€71,689 | -66.4% |
| Deferred charges and accrued income | 490/1 | €1,371 | €1,585 | +€214 | +15.6% |
| Total equity and liabilities | 10/49 | €125,301 | €350,096 | +€224,795 | +179% |
| Equity | 10/15 | €88,336 | €86,396 | -€1,940 | -2.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €88,236 | €86,296 | -€1,940 | -2.2% |
| Distributable reserves | 133 | €88,236 | €86,296 | -€1,940 | -2.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €36,965 | €263,700 | +€226,735 | +613% |
| Amounts payable after more than one year | 17 | €0 | €204,474 | +€204,474 | |
| Financial debts | 170/4 | €0 | €204,474 | +€204,474 | |
| Amounts payable within one year | 42/48 | €36,965 | €56,913 | +€19,947 | +54.0% |
| Current portion of amounts payable after more than one year | 42 | €6,297 | €12,200 | +€5,903 | +93.7% |
| Trade debts | 44 | €3,792 | €10,390 | +€6,598 | +174% |
| Suppliers | 440/4 | €3,792 | €10,390 | +€6,598 | +174% |
| Taxes, remuneration and social security | 45 | €26,876 | €6,077 | -€20,799 | -77.4% |
| Taxes | 450/3 | €26,876 | €6,077 | -€20,799 | -77.4% |
| Other amounts payable | 47/48 | €0 | €28,246 | +€28,246 | |
| Accrued charges and deferred income | 492/3 | - | €2,314 | +€2,314 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,117 | €6,145 | +€28 | +0.5% |
| Other operating charges | 640/8 | €1,834 | €3,543 | +€1,709 | +93.2% |
| Gross operating margin | 9900 | €43,056 | €51,600 | +€8,544 | +19.8% |
| Operating profit (loss) | 9901 | €35,105 | €41,912 | +€6,807 | +19.4% |
| Financial income | 75/76B | €4 | €0 | -€4 | -99.8% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -99.8% |
| Financial charges | 65/66B | €349 | €2,771 | +€2,422 | +694% |
| Recurring financial charges | 65 | €349 | €2,771 | +€2,422 | +694% |
| Profit (loss) for the period before taxes | 9903 | €34,760 | €39,141 | +€4,381 | +12.6% |
| Income taxes | 67/77 | €10,224 | €11,081 | +€857 | +8.4% |
| Profit (loss) for the period | 9904 | €24,536 | €28,060 | +€3,524 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,536 | €28,060 | +€3,524 | +14.4% |
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 3 November 2026 via checked.be.