'T KRIEKSKE: 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 KRIEKSKE
Largest movements
- Cash -€97,141
down €97,141 (-48.0%), from €202,293 to €105,152
mainly Tax, wage and social debts (-€45,029) and Receivables within one year (-€45,016)
- Receivables within one year +€45,016
up €45,016 (+127%), from €35,444 to €80,460
of which Other amounts receivable: +€31,005
- Tangible fixed assets -€14,222
down €14,222 (-20.2%), from €70,548 to €56,326
of which Furniture and vehicles: -€7,769
- Tax, wage and social debts -€45,029
down €45,029 (-64.5%), from €69,864 to €24,835
of which Remuneration and social security: -€30,874
- Other debts -€18,588
down €18,588 (-73.3%), from €25,361 to €6,773
- Trade debts -€12,749
down €12,749 (-19.3%), from €65,903 to €53,154
- Reserves +€11,334
up €11,334 (+8.5%), from €133,222 to €144,557
of which Distributable reserves: +€11,334
- Gross operating margin -€197,688
down €197,688 (-37.0%), from €534,465 to €336,777
- Staff costs -€132,946
down €132,946 (-32.5%), from €408,577 to €275,631
- Taxes -€16,200
down €16,200 (-73.9%), from €21,930 to €5,729
- Other operating charges +€7,451
up €7,451 (+165%), from €4,520 to €11,972
- Depreciation -€6,868
down €6,868 (-25.7%), from €26,671 to €19,803
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 | €356,351 | €291,319 | -€65,031 | -18.2% |
| Fixed assets | 21/28 | €70,698 | €56,476 | -€14,222 | -20.1% |
| Tangible fixed assets | 22/27 | €70,548 | €56,326 | -€14,222 | -20.2% |
| Land and buildings | 22 | €3,765 | €2,546 | -€1,219 | -32.4% |
| Plant, machinery and equipment | 23 | €24,138 | €18,904 | -€5,234 | -21.7% |
| Furniture and vehicles | 24 | €42,645 | €34,876 | -€7,769 | -18.2% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €285,653 | €234,843 | -€50,810 | -17.8% |
| Stocks and contracts in progress | 3 | €36,719 | €37,592 | +€873 | +2.4% |
| Stocks | 30/36 | €36,719 | €37,592 | +€873 | +2.4% |
| Amounts receivable within one year | 40/41 | €35,444 | €80,460 | +€45,016 | +127% |
| Trade receivables | 40 | €6,382 | €20,393 | +€14,011 | +220% |
| Other amounts receivable | 41 | €29,062 | €60,067 | +€31,005 | +107% |
| Cash at bank and in hand | 54/58 | €202,293 | €105,152 | -€97,141 | -48.0% |
| Deferred charges and accrued income | 490/1 | €11,197 | €11,639 | +€442 | +4.0% |
| Total equity and liabilities | 10/49 | €356,351 | €291,319 | -€65,031 | -18.2% |
| Equity | 10/15 | €195,222 | €206,557 | +€11,334 | +5.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €133,222 | €144,557 | +€11,334 | +8.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €132 | €132 | = | 0.0% |
| Distributable reserves | 133 | €126,890 | €138,224 | +€11,334 | +8.9% |
| Amounts payable | 17/49 | €161,128 | €84,763 | -€76,366 | -47.4% |
| Amounts payable within one year | 42/48 | €161,128 | €84,763 | -€76,366 | -47.4% |
| Trade debts | 44 | €65,903 | €53,154 | -€12,749 | -19.3% |
| Suppliers | 440/4 | €65,903 | €53,154 | -€12,749 | -19.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €69,864 | €24,835 | -€45,029 | -64.5% |
| Taxes | 450/3 | €14,742 | €587 | -€14,155 | -96.0% |
| Remuneration and social security | 454/9 | €55,122 | €24,248 | -€30,874 | -56.0% |
| Other amounts payable | 47/48 | €25,361 | €6,773 | -€18,588 | -73.3% |
| Non-recurring operating income | 76A | €14,609 | €0 | -€14,609 | -100% |
| Remuneration, social security and pensions | 62 | €408,577 | €275,631 | -€132,946 | -32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,671 | €19,803 | -€6,868 | -25.7% |
| Other operating charges | 640/8 | €4,520 | €11,972 | +€7,451 | +165% |
| Gross operating margin | 9900 | €534,465 | €336,777 | -€197,688 | -37.0% |
| Operating profit (loss) | 9901 | €94,697 | €29,371 | -€65,326 | -69.0% |
| Financial income | 75/76B | €5 | €2 | -€3 | -67.3% |
| Recurring financial income | 75 | €5 | €2 | -€3 | -67.3% |
| Financial charges | 65/66B | €12,058 | €12,309 | +€251 | +2.1% |
| Recurring financial charges | 65 | €12,058 | €12,309 | +€251 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €82,643 | €17,064 | -€65,579 | -79.4% |
| Income taxes | 67/77 | €21,930 | €5,729 | -€16,200 | -73.9% |
| Profit (loss) for the period | 9904 | €60,714 | €11,334 | -€49,379 | -81.3% |
| Profit (loss) for the period to be appropriated | 9905 | €60,714 | €11,334 | -€49,379 | -81.3% |
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.