MADAM KROKET: 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.
MADAM KROKET
Largest movements
- Tangible fixed assets -€83,811
down €83,811 (-20.2%), from €414,352 to €330,541
of which Plant, machinery and equipment: -€80,252
- Receivables within one year -€17,750
down €17,750 (-8.4%), from €212,477 to €194,727
of which Trade receivables: -€47,298
- Debts after one year -€61,613
down €61,613 (-56.7%), from €108,704 to €47,090
- Tax, wage and social debts -€43,379
down €43,379 (-24.4%), from €178,127 to €134,748
of which Taxes: -€56,391
- Reserves +€15,206
up €15,206 (+7.6%), from €200,794 to €216,000
- Trade debts -€13,238
down €13,238 (-10.0%), from €132,991 to €119,753
- Gross operating margin -€60,846
down €60,846 (-13.8%), from €442,164 to €381,318
- Taxes -€38,373
down €38,373 (-84.0%), from €45,677 to €7,303
- Staff costs -€26,401
down €26,401 (-10.3%), from €257,432 to €231,031
- Depreciation -€23,900
down €23,900 (-22.2%), from €107,710 to €83,811
- Financial charges -€22,810
down €22,810 (-45.1%), from €50,542 to €27,732
of which Non-recurring financial charges: -€44,433
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 | €691,088 | €590,994 | -€100,095 | -14.5% |
| Fixed assets | 21/28 | €428,352 | €340,541 | -€87,811 | -20.5% |
| Tangible fixed assets | 22/27 | €414,352 | €330,541 | -€83,811 | -20.2% |
| Plant, machinery and equipment | 23 | €408,225 | €327,973 | -€80,252 | -19.7% |
| Furniture and vehicles | 24 | €6,127 | €2,568 | -€3,559 | -58.1% |
| Financial fixed assets | 28 | €14,000 | €10,000 | -€4,000 | -28.6% |
| Current assets | 29/58 | €262,737 | €250,453 | -€12,284 | -4.7% |
| Stocks and contracts in progress | 3 | €15,086 | €14,692 | -€393 | -2.6% |
| Stocks | 30/36 | €15,086 | €14,692 | -€393 | -2.6% |
| Amounts receivable within one year | 40/41 | €212,477 | €194,727 | -€17,750 | -8.4% |
| Trade receivables | 40 | €47,298 | €0 | -€47,298 | -100% |
| Other amounts receivable | 41 | €165,180 | €194,727 | +€29,548 | +17.9% |
| Cash at bank and in hand | 54/58 | €35,174 | €41,033 | +€5,859 | +16.7% |
| Total equity and liabilities | 10/49 | €691,088 | €590,994 | -€100,095 | -14.5% |
| Equity | 10/15 | €205,794 | €221,610 | +€15,816 | +7.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €200,794 | €216,000 | +€15,206 | +7.6% |
| Distributable reserves | 133 | €200,794 | €216,000 | +€15,206 | +7.6% |
| Profit (loss) carried forward | 14 | - | €610 | +€610 | |
| Amounts payable | 17/49 | €485,295 | €369,383 | -€115,911 | -23.9% |
| Amounts payable after more than one year | 17 | €108,704 | €47,090 | -€61,613 | -56.7% |
| Financial debts | 170/4 | €108,704 | €47,090 | -€61,613 | -56.7% |
| Amounts payable within one year | 42/48 | €376,591 | €316,114 | -€60,477 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €60,298 | €61,613 | +€1,315 | +2.2% |
| Trade debts | 44 | €132,991 | €119,753 | -€13,238 | -10.0% |
| Suppliers | 440/4 | €132,991 | €119,753 | -€13,238 | -10.0% |
| Advances received on contracts in progress | 46 | €5,175 | €0 | -€5,175 | -100% |
| Taxes, remuneration and social security | 45 | €178,127 | €134,748 | -€43,379 | -24.4% |
| Taxes | 450/3 | €132,502 | €76,111 | -€56,391 | -42.6% |
| Remuneration and social security | 454/9 | €45,624 | €58,637 | +€13,012 | +28.5% |
| Accrued charges and deferred income | 492/3 | - | €6,179 | +€6,179 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €257,432 | €231,031 | -€26,401 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,710 | €83,811 | -€23,900 | -22.2% |
| Other operating charges | 640/8 | €22,881 | €16,120 | -€6,761 | -29.5% |
| Non-recurring operating charges | 66A | €2,919 | €0 | -€2,919 | -100% |
| Gross operating margin | 9900 | €442,164 | €381,318 | -€60,846 | -13.8% |
| Operating profit (loss) | 9901 | €51,221 | €50,356 | -€866 | -1.7% |
| Financial income | 75/76B | €2,593 | €496 | -€2,097 | -80.9% |
| Recurring financial income | 75 | €14 | €496 | +€481 | +3,335% |
| Non-recurring financial income | 76B | €2,579 | - | -€2,579 | |
| Financial charges | 65/66B | €50,542 | €27,732 | -€22,810 | -45.1% |
| Recurring financial charges | 65 | €6,109 | €27,732 | +€21,623 | +354% |
| Non-recurring financial charges | 66B | €44,433 | - | -€44,433 | |
| Profit (loss) for the period before taxes | 9903 | €3,272 | €23,120 | +€19,847 | +607% |
| Income taxes | 67/77 | €45,677 | €7,303 | -€38,373 | -84.0% |
| Profit (loss) for the period | 9904 | -€42,404 | €15,816 | +€58,221 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,404 | €15,816 | +€58,221 |
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 31 October 2026 via checked.be.