KRUG: 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.
KRUG
Largest movements
- Cash +€243,972
up €243,972 (+77.5%), from €314,986 to €558,958
mainly Net result for the year (+€306,015) and Receivables within one year (+€96,804)
- Current investments +€104,131
up €104,131 (+19.2%), from €540,965 to €645,096
- Receivables within one year -€96,804
down €96,804 (-73.6%), from €131,592 to €34,788
of which Trade receivables: -€96,457
- Reserves +€221,000
up €221,000 (+30.3%), from €728,360 to €949,360
of which Distributable reserves: +€243,360
- Tax, wage and social debts +€59,089
up €59,089 (+83.6%), from €70,650 to €129,739
of which Taxes: +€62,150
- Other debts -€18,362
down €18,362 (-16.7%), from €110,257 to €91,895
- Gross operating margin +€190,797
up €190,797 (+82.2%), from €232,184 to €422,981
- Taxes +€65,593
up €65,593 (+97.7%), from €67,155 to €132,748
- Depreciation -€13,211
down €13,211 (-96.7%), from €13,660 to €449
- Financial income +€8,463
up €8,463 (+87.2%), from €9,704 to €18,167
- Other operating charges -€6,479
down €6,479 (-85.6%), from €7,567 to €1,088
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 | €988,149 | €1,243,274 | +€255,125 | +25.8% |
| Fixed assets | 21/28 | €605 | €4,431 | +€3,826 | +632% |
| Tangible fixed assets | 22/27 | €605 | €4,431 | +€3,826 | +632% |
| Land and buildings | 22 | €605 | - | -€605 | |
| Plant, machinery and equipment | 23 | - | €4,431 | +€4,431 | |
| Current assets | 29/58 | €987,543 | €1,238,842 | +€251,299 | +25.4% |
| Amounts receivable within one year | 40/41 | €131,592 | €34,788 | -€96,804 | -73.6% |
| Trade receivables | 40 | €131,244 | €34,788 | -€96,457 | -73.5% |
| Other amounts receivable | 41 | €347 | - | -€347 | |
| Current investments | 50/53 | €540,965 | €645,096 | +€104,131 | +19.2% |
| Cash at bank and in hand | 54/58 | €314,986 | €558,958 | +€243,972 | +77.5% |
| Total equity and liabilities | 10/49 | €988,149 | €1,243,274 | +€255,125 | +25.8% |
| Equity | 10/15 | €796,209 | €1,017,224 | +€221,015 | +27.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €728,360 | €949,360 | +€221,000 | +30.3% |
| Non-distributable reserves | 130/1 | €22,360 | - | -€22,360 | |
| Reserves not available under the articles | 1311 | €22,360 | - | -€22,360 | |
| Distributable reserves | 133 | €706,000 | €949,360 | +€243,360 | +34.5% |
| Profit (loss) carried forward | 14 | €55,449 | €55,464 | +€15 | 0.0% |
| Amounts payable | 17/49 | €191,940 | €226,050 | +€34,110 | +17.8% |
| Amounts payable within one year | 42/48 | €182,406 | €226,050 | +€43,643 | +23.9% |
| Trade debts | 44 | €1,500 | €4,416 | +€2,916 | +194% |
| Suppliers | 440/4 | €1,500 | €4,416 | +€2,916 | +194% |
| Taxes, remuneration and social security | 45 | €70,650 | €129,739 | +€59,089 | +83.6% |
| Taxes | 450/3 | €44,050 | €106,201 | +€62,150 | +141% |
| Remuneration and social security | 454/9 | €26,599 | €23,538 | -€3,061 | -11.5% |
| Other amounts payable | 47/48 | €110,257 | €91,895 | -€18,362 | -16.7% |
| Accrued charges and deferred income | 492/3 | €9,533 | - | -€9,533 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,660 | €449 | -€13,211 | -96.7% |
| Other operating charges | 640/8 | €7,567 | €1,088 | -€6,479 | -85.6% |
| Gross operating margin | 9900 | €232,184 | €422,981 | +€190,797 | +82.2% |
| Operating profit (loss) | 9901 | €210,958 | €421,445 | +€210,488 | +99.8% |
| Financial income | 75/76B | €9,704 | €18,167 | +€8,463 | +87.2% |
| Recurring financial income | 75 | €9,704 | €18,167 | +€8,463 | +87.2% |
| Financial charges | 65/66B | €1,474 | €848 | -€625 | -42.4% |
| Recurring financial charges | 65 | €1,474 | €848 | -€625 | -42.4% |
| Profit (loss) for the period before taxes | 9903 | €219,188 | €438,763 | +€219,576 | +100% |
| Income taxes | 67/77 | €67,155 | €132,748 | +€65,593 | +97.7% |
| Profit (loss) for the period | 9904 | €152,032 | €306,015 | +€153,983 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €152,032 | €306,015 | +€153,983 | +101% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.