Kruze: 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.
Kruze
Largest movements
- Receivables within one year +€19,265
up €19,265 (+64.7%), from €29,753 to €49,018
of which Trade receivables: +€11,687
- Tangible fixed assets -€8,553
down €8,553 (-12.1%), from €70,775 to €62,222
of which Plant, machinery and equipment: -€5,587
- Stocks and contracts -€2,773
down €2,773 (-14.0%), from €19,796 to €17,023
- Tax, wage and social debts +€4,143
up €4,143 (+212.6%), from €1,949 to €6,091
- Trade debts +€3,578
up €3,578 (+68.1%), from €5,254 to €8,832
- Reserves +€3,168
up €3,168 (+2.1%), from €149,735 to €152,903
- Debts after one year -€2,933
down €2,933 (-47.2%), from €6,215 to €3,281
- Gross operating margin -€23,544
down €23,544 (-51.2%), from €45,954 to €22,411
- Staff costs -€3,453
no longer reported in 2024 (was €3,453)
- Taxes -€3,131
down €3,131 (-55.4%), from €5,655 to €2,523
- Financial charges +€2,071
up €2,071 (+159.0%), from €1,302 to €3,373
- Other operating charges +€563
up €563 (+34.5%), from €1,631 to €2,194
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €178,396 | €186,940 | +€8,544 | +4.8% |
| Fixed assets | 21/28 | €70,775 | €62,222 | -€8,553 | -12.1% |
| Tangible fixed assets | 22/27 | €70,775 | €62,222 | -€8,553 | -12.1% |
| Land and buildings | 22 | €5,324 | €3,243 | -€2,081 | -39.1% |
| Plant, machinery and equipment | 23 | €41,851 | €36,263 | -€5,587 | -13.4% |
| Furniture and vehicles | 24 | €12,793 | €11,127 | -€1,666 | -13.0% |
| Other tangible fixed assets | 26 | €10,808 | €11,589 | +€781 | +7.2% |
| Current assets | 29/58 | €107,621 | €124,718 | +€17,097 | +15.9% |
| Stocks and contracts in progress | 3 | €19,796 | €17,023 | -€2,773 | -14.0% |
| Stocks | 30/36 | €19,796 | €17,023 | -€2,773 | -14.0% |
| Amounts receivable within one year | 40/41 | €29,753 | €49,018 | +€19,265 | +64.7% |
| Trade receivables | 40 | €19,264 | €30,952 | +€11,687 | +60.7% |
| Other amounts receivable | 41 | €10,489 | €18,066 | +€7,577 | +72.2% |
| Cash at bank and in hand | 54/58 | €56,998 | €58,222 | +€1,224 | +2.1% |
| Deferred charges and accrued income | 490/1 | €1,074 | €455 | -€619 | -57.7% |
| Total equity and liabilities | 10/49 | €178,396 | €186,940 | +€8,544 | +4.8% |
| Equity | 10/15 | €162,135 | €165,303 | +€3,168 | +2.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €149,735 | €152,903 | +€3,168 | +2.1% |
| Distributable reserves | 133 | €149,735 | €152,903 | +€3,168 | +2.1% |
| Amounts payable | 17/49 | €16,261 | €21,637 | +€5,376 | +33.1% |
| Amounts payable after more than one year | 17 | €6,215 | €3,281 | -€2,933 | -47.2% |
| Financial debts | 170/4 | €6,215 | €3,281 | -€2,933 | -47.2% |
| Amounts payable within one year | 42/48 | €10,047 | €17,856 | +€7,809 | +77.7% |
| Current portion of amounts payable after more than one year | 42 | €2,844 | €2,933 | +€89 | +3.1% |
| Trade debts | 44 | €5,254 | €8,832 | +€3,578 | +68.1% |
| Suppliers | 440/4 | €5,254 | €8,832 | +€3,578 | +68.1% |
| Taxes, remuneration and social security | 45 | €1,949 | €6,091 | +€4,143 | +212.6% |
| Taxes | 450/3 | €1,949 | €6,091 | +€4,143 | +212.6% |
| Accrued charges and deferred income | 492/3 | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €3,453 | - | -€3,453 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,443 | €11,609 | +€165 | +1.4% |
| Other operating charges | 640/8 | €1,631 | €2,194 | +€563 | +34.5% |
| Gross operating margin | 9900 | €45,954 | €22,411 | -€23,544 | -51.2% |
| Operating profit (loss) | 9901 | €29,427 | €8,608 | -€20,820 | -70.7% |
| Financial income | 75/76B | €349 | €456 | +€107 | +30.5% |
| Recurring financial income | 75 | €349 | €456 | +€107 | +30.5% |
| Financial charges | 65/66B | €1,302 | €3,373 | +€2,071 | +159.0% |
| Recurring financial charges | 65 | €1,302 | €3,373 | +€2,071 | +159.0% |
| Profit (loss) for the period before taxes | 9903 | €28,474 | €5,691 | -€22,784 | -80.0% |
| Income taxes | 67/77 | €5,655 | €2,523 | -€3,131 | -55.4% |
| Profit (loss) for the period | 9904 | €22,820 | €3,168 | -€19,652 | -86.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,820 | €3,168 | -€19,652 | -86.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.