'T KRANTJE: 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.
'T KRANTJE
Largest movements
- Stocks and contracts +€42,835
up €42,835 (+62.0%), from €69,104 to €111,939
- Cash -€13,064
down €13,064 (-8.4%), from €154,684 to €141,620
mainly Stocks and contracts (-€42,835) and Accrued charges and deferred income (-€6,770)
- Deferred charges and accrued income -€12,281
down €12,281 (-98.8%), from €12,436 to €155
- Tangible fixed assets -€8,165
down €8,165 (-42.2%), from €19,335 to €11,170
of which Land and buildings: -€4,693
- Financial fixed assets +€3,700
new in 2025: €3,700
- Tax, wage and social debts +€15,163
up €15,163 (+131%), from €11,538 to €26,700
of which Remuneration and social security: +€14,245
- Reserves +€7,802
up €7,802 (+4.9%), from €159,509 to €167,311
- Accrued charges and deferred income -€6,770
down €6,770 (-100%), from €6,770 to €0
- Trade debts -€6,106
down €6,106 (-7.4%), from €82,834 to €76,728
- Gross operating margin -€19,731
down €19,731 (-14.5%), from €135,855 to €116,124
- Staff costs +€14,589
up €14,589 (+20.1%), from €72,534 to €87,123
- Taxes -€8,455
down €8,455 (-69.6%), from €12,150 to €3,695
- Financial charges +€5,307
up €5,307 (+1,667%), from €318 to €5,626
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 | €264,210 | €275,998 | +€11,788 | +4.5% |
| Fixed assets | 21/28 | €19,335 | €14,870 | -€4,465 | -23.1% |
| Tangible fixed assets | 22/27 | €19,335 | €11,170 | -€8,165 | -42.2% |
| Land and buildings | 22 | €5,429 | €737 | -€4,693 | -86.4% |
| Plant, machinery and equipment | 23 | €13,872 | €10,433 | -€3,439 | -24.8% |
| Other tangible fixed assets | 26 | €33 | €0 | -€33 | -100% |
| Financial fixed assets | 28 | - | €3,700 | +€3,700 | |
| Current assets | 29/58 | €244,875 | €261,128 | +€16,253 | +6.6% |
| Stocks and contracts in progress | 3 | €69,104 | €111,939 | +€42,835 | +62.0% |
| Stocks | 30/36 | €69,104 | €111,939 | +€42,835 | +62.0% |
| Amounts receivable within one year | 40/41 | €8,651 | €7,414 | -€1,237 | -14.3% |
| Trade receivables | 40 | €3,953 | €3,967 | +€14 | +0.4% |
| Other amounts receivable | 41 | €4,699 | €3,447 | -€1,252 | -26.6% |
| Cash at bank and in hand | 54/58 | €154,684 | €141,620 | -€13,064 | -8.4% |
| Deferred charges and accrued income | 490/1 | €12,436 | €155 | -€12,281 | -98.8% |
| Total equity and liabilities | 10/49 | €264,210 | €275,998 | +€11,788 | +4.5% |
| Equity | 10/15 | €161,509 | €169,311 | +€7,802 | +4.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €159,509 | €167,311 | +€7,802 | +4.9% |
| Distributable reserves | 133 | €159,509 | €167,311 | +€7,802 | +4.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €102,701 | €106,687 | +€3,986 | +3.9% |
| Amounts payable within one year | 42/48 | €95,931 | €106,687 | +€10,756 | +11.2% |
| Trade debts | 44 | €82,834 | €76,728 | -€6,106 | -7.4% |
| Suppliers | 440/4 | €82,834 | €76,728 | -€6,106 | -7.4% |
| Taxes, remuneration and social security | 45 | €11,538 | €26,700 | +€15,163 | +131% |
| Taxes | 450/3 | €3,888 | €4,806 | +€918 | +23.6% |
| Remuneration and social security | 454/9 | €7,650 | €21,895 | +€14,245 | +186% |
| Other amounts payable | 47/48 | €1,560 | €3,259 | +€1,699 | +109% |
| Accrued charges and deferred income | 492/3 | €6,770 | €0 | -€6,770 | -100% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €72,534 | €87,123 | +€14,589 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,256 | €8,165 | -€92 | -1.1% |
| Other operating charges | 640/8 | €5,203 | €4,033 | -€1,169 | -22.5% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €135,855 | €116,124 | -€19,731 | -14.5% |
| Operating profit (loss) | 9901 | €49,862 | €16,804 | -€33,059 | -66.3% |
| Financial income | 75/76B | €197 | €319 | +€122 | +62.2% |
| Recurring financial income | 75 | €197 | €319 | +€122 | +62.2% |
| Financial charges | 65/66B | €318 | €5,626 | +€5,307 | +1,667% |
| Recurring financial charges | 65 | €318 | €5,626 | +€5,307 | +1,667% |
| Profit (loss) for the period before taxes | 9903 | €49,741 | €11,497 | -€38,244 | -76.9% |
| Income taxes | 67/77 | €12,150 | €3,695 | -€8,455 | -69.6% |
| Profit (loss) for the period | 9904 | €37,591 | €7,802 | -€29,789 | -79.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,591 | €7,802 | -€29,789 | -79.2% |
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 25 October 2026 via checked.be.