KRZ-CONSTRUCT: 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.
KRZ-CONSTRUCT
Largest movements
- Receivables within one year -€45,597
down €45,597 (-40.9%), from €111,506 to €65,909
of which Trade receivables: -€37,085
- Cash -€5,665
down €5,665 (-45.3%), from €12,505 to €6,840
mainly Trade debts (-€33,041) and Tax, wage and social debts (-€11,094)
- Tangible fixed assets -€3,599
down €3,599 (-58.0%), from €6,207 to €2,609
- Trade debts -€33,041
down €33,041 (-51.3%), from €64,415 to €31,375
- Tax, wage and social debts -€11,094
down €11,094 (-63.2%), from €17,559 to €6,465
of which Taxes: -€10,094
- Profit (loss) carried forward -€7,341
down €7,341 (-12.7%), from €57,799 to €50,457
- Write-downs +€27,591
new in 2025: €27,591
- Gross operating margin +€10,664
up €10,664 (+39.2%), from €27,199 to €37,862
- Other operating charges -€4,304
down €4,304 (-30.3%), from €14,195 to €9,890
- Depreciation +€2,335
up €2,335 (+184.7%), from €1,264 to €3,599
- Taxes -€609
down €609 (-26.6%), from €2,292 to €1,684
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 | €180,333 | €126,357 | -€53,976 | -29.9% |
| Fixed assets | 21/28 | €6,322 | €3,609 | -€2,714 | -42.9% |
| Tangible fixed assets | 22/27 | €6,207 | €2,609 | -€3,599 | -58.0% |
| Furniture and vehicles | 24 | €6,207 | €2,609 | -€3,599 | -58.0% |
| Financial fixed assets | 28 | €115 | €1,000 | +€885 | +769.0% |
| Current assets | 29/58 | €174,011 | €122,749 | -€51,262 | -29.5% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €111,506 | €65,909 | -€45,597 | -40.9% |
| Trade receivables | 40 | €67,333 | €30,248 | -€37,085 | -55.1% |
| Other amounts receivable | 41 | €44,173 | €35,660 | -€8,513 | -19.3% |
| Cash at bank and in hand | 54/58 | €12,505 | €6,840 | -€5,665 | -45.3% |
| Total equity and liabilities | 10/49 | €180,333 | €126,357 | -€53,976 | -29.9% |
| Equity | 10/15 | €95,859 | €88,517 | -€7,341 | -7.7% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,799 | €50,457 | -€7,341 | -12.7% |
| Amounts payable | 17/49 | €84,474 | €37,840 | -€46,634 | -55.2% |
| Amounts payable within one year | 42/48 | €82,974 | €37,840 | -€45,134 | -54.4% |
| Trade debts | 44 | €64,415 | €31,375 | -€33,041 | -51.3% |
| Suppliers | 440/4 | €64,415 | €31,375 | -€33,041 | -51.3% |
| Taxes, remuneration and social security | 45 | €17,559 | €6,465 | -€11,094 | -63.2% |
| Taxes | 450/3 | €16,559 | €6,465 | -€10,094 | -61.0% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €1,000 | - | -€1,000 | |
| Accrued charges and deferred income | 492/3 | €1,500 | - | -€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,264 | €3,599 | +€2,335 | +184.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €27,591 | +€27,591 | |
| Other operating charges | 640/8 | €14,195 | €9,890 | -€4,304 | -30.3% |
| Gross operating margin | 9900 | €27,199 | €37,862 | +€10,664 | +39.2% |
| Operating profit (loss) | 9901 | €11,740 | -€3,218 | -€14,957 | |
| Financial income | 75/76B | €18 | €1 | -€16 | -92.2% |
| Recurring financial income | 75 | €18 | €1 | -€16 | -92.2% |
| Financial charges | 65/66B | €2,181 | €2,442 | +€261 | +12.0% |
| Recurring financial charges | 65 | €2,181 | €2,442 | +€261 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €9,577 | -€5,658 | -€15,235 | |
| Income taxes | 67/77 | €2,292 | €1,684 | -€609 | -26.6% |
| Profit (loss) for the period | 9904 | €7,285 | -€7,341 | -€14,626 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,285 | -€7,341 | -€14,626 |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.