KRUK CONSTRUCTION: 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.
KRUK CONSTRUCTION
Largest movements
- Receivables within one year -€99,087
down €99,087 (-47.3%), from €209,620 to €110,533
of which Trade receivables: -€58,616
- Cash -€44,574
down €44,574 (-21.6%), from €206,053 to €161,479
mainly Contributions, distributions and other (-€107,806) and Other debts (-€72,738)
- Tangible fixed assets +€19,378
up €19,378 (+24.0%), from €80,603 to €99,981
of which Furniture and vehicles: +€27,342
- Other debts -€72,738
down €72,738 (-46.8%), from €155,287 to €82,550
- Reserves -€28,931
down €28,931 (-10.0%), from €289,299 to €260,367
- Advances received -€25,000
no longer reported in 2025 (was €25,000)
- Trade debts +€9,331
up €9,331 (+3,555%), from €262 to €9,593
- Debts after one year -€5,144
down €5,144 (-92.3%), from €5,576 to €432
- Gross operating margin -€203,267
down €203,267 (-54.1%), from €375,873 to €172,606
- Staff costs -€116,472
down €116,472 (-82.3%), from €141,477 to €25,005
- Taxes -€20,322
down €20,322 (-44.6%), from €45,613 to €25,291
- Depreciation +€10,596
up €10,596 (+33.7%), from €31,440 to €42,036
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.
Derived cash bridge
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 | €499,660 | €373,923 | -€125,737 | -25.2% |
| Fixed assets | 21/28 | €81,160 | €100,539 | +€19,378 | +23.9% |
| Tangible fixed assets | 22/27 | €80,603 | €99,981 | +€19,378 | +24.0% |
| Land and buildings | 22 | €1,480 | €740 | -€740 | -50.0% |
| Plant, machinery and equipment | 23 | €24,301 | €18,704 | -€5,597 | -23.0% |
| Furniture and vehicles | 24 | €49,462 | €76,804 | +€27,342 | +55.3% |
| Other tangible fixed assets | 26 | €5,360 | €3,733 | -€1,627 | -30.4% |
| Financial fixed assets | 28 | €557 | €557 | = | 0.0% |
| Current assets | 29/58 | €418,499 | €273,384 | -€145,115 | -34.7% |
| Amounts receivable within one year | 40/41 | €209,620 | €110,533 | -€99,087 | -47.3% |
| Trade receivables | 40 | €163,678 | €105,062 | -€58,616 | -35.8% |
| Other amounts receivable | 41 | €45,942 | €5,471 | -€40,471 | -88.1% |
| Cash at bank and in hand | 54/58 | €206,053 | €161,479 | -€44,574 | -21.6% |
| Deferred charges and accrued income | 490/1 | €2,826 | €1,372 | -€1,454 | -51.5% |
| Total equity and liabilities | 10/49 | €499,660 | €373,923 | -€125,737 | -25.2% |
| Equity | 10/15 | €289,299 | €260,367 | -€28,931 | -10.0% |
| Reserves | 13 | €289,299 | €260,367 | -€28,931 | -10.0% |
| Distributable reserves | 133 | €289,299 | €260,367 | -€28,931 | -10.0% |
| Amounts payable | 17/49 | €210,361 | €113,555 | -€96,806 | -46.0% |
| Amounts payable after more than one year | 17 | €5,576 | €432 | -€5,144 | -92.3% |
| Financial debts | 170/4 | €5,576 | €432 | -€5,144 | -92.3% |
| Amounts payable within one year | 42/48 | €204,785 | €113,123 | -€91,662 | -44.8% |
| Current portion of amounts payable after more than one year | 42 | €8,511 | €5,144 | -€3,367 | -39.6% |
| Trade debts | 44 | €262 | €9,593 | +€9,331 | +3,555% |
| Suppliers | 440/4 | €262 | €9,593 | +€9,331 | +3,555% |
| Advances received on contracts in progress | 46 | €25,000 | - | -€25,000 | |
| Taxes, remuneration and social security | 45 | €15,725 | €15,836 | +€112 | +0.7% |
| Taxes | 450/3 | €444 | €12,310 | +€11,866 | +2,674% |
| Remuneration and social security | 454/9 | €15,281 | €3,527 | -€11,754 | -76.9% |
| Other amounts payable | 47/48 | €155,287 | €82,550 | -€72,738 | -46.8% |
| Remuneration, social security and pensions | 62 | €141,477 | €25,005 | -€116,472 | -82.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,440 | €42,036 | +€10,596 | +33.7% |
| Other operating charges | 640/8 | €3,136 | €1,747 | -€1,389 | -44.3% |
| Gross operating margin | 9900 | €375,873 | €172,606 | -€203,267 | -54.1% |
| Operating profit (loss) | 9901 | €199,820 | €103,818 | -€96,001 | -48.0% |
| Financial income | 75/76B | €2,680 | €1,674 | -€1,006 | -37.5% |
| Recurring financial income | 75 | €2,680 | €1,674 | -€1,006 | -37.5% |
| Financial charges | 65/66B | €1,599 | €1,327 | -€273 | -17.0% |
| Recurring financial charges | 65 | €1,599 | €1,327 | -€273 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €200,900 | €104,166 | -€96,735 | -48.2% |
| Income taxes | 67/77 | €45,613 | €25,291 | -€20,322 | -44.6% |
| Profit (loss) for the period | 9904 | €155,287 | €78,875 | -€76,413 | -49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €155,287 | €78,875 | -€76,413 | -49.2% |
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 24 October 2026 via checked.be.