Craenhals Management: 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.
What changed
Craenhals Management
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€149,526
2024 · €234,952-€85,426
Equity
€38.3m
2024 · €38.1m+€149,526
Cash
€1.6m
2024 · €2.0m-€447,252
Balance sheet total
€40.0m
2024 · €40.0m-€26,680
Largest movements
Assets
- Cash -€447,252
down €447,252 (-22.0%), from €2.0m to €1.6m
mainly Receivables within one year (-€354,486) and Trade debts (-€119,027)
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Turnover -€281,446
down €281,446 (-7.1%), from €3.9m to €3.7m
- Staff costs -€191,809
down €191,809 (-14.5%), from €1.3m to €1.1m
- Services and other goods +€78,910
up €78,910 (+2.9%), from €2.7m to €2.8m
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.
Result 2024
€234,952
Turnover
-€281,446
Other operating income
+€34,037
Services and other goods
-€78,910
Staff costs
+€191,809
Depreciation
-€4,054
Other operating charges
+€761
Financial income
-€3,299
Financial charges
+€19,483
Taxes
+€36,193
Result 2025
€149,526
raises the resultlowers the result
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.
From operations
-€353,804
Investment
-€93,448
Financing
€0
Cash 2024
€2.0m
From operations (derived)
-€353,804
Net result for the year
+€149,526
Depreciation
+€16,048
Receivables within one year
-€354,486
Deferred charges and accrued income
+€11,315
Trade debts
-€119,027
Tax, wage and social debts
-€54,142
Accrued charges and deferred income
-€3,038
Investment (derived)
-€93,448
Investment in fixed assets (net)
-€93,448
Cash 2025
€1.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,048,225 | €40,021,545 | -€26,680 | -0.1% |
| Fixed assets | 21/28 | €37,327,040 | €37,404,441 | +€77,400 | +0.2% |
| Tangible fixed assets | 22/27 | €57,801 | €135,201 | +€77,400 | +134% |
| Plant, machinery and equipment | 23 | €18,026 | €22,220 | +€4,194 | +23.3% |
| Furniture and vehicles | 24 | €39,775 | €112,981 | +€73,206 | +184% |
| Financial fixed assets | 28 | €37,269,240 | €37,269,240 | = | 0.0% |
| Affiliated companies | 280/1 | €37,256,174 | €37,256,174 | = | 0.0% |
| Participating interests | 280 | €36,575,174 | €36,575,174 | = | 0.0% |
| Amounts receivable | 281 | €681,000 | €681,000 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €13,066 | €13,066 | = | 0.0% |
| Participating interests | 282 | €13,066 | €13,066 | = | 0.0% |
| Current assets | 29/58 | €2,721,185 | €2,617,104 | -€104,080 | -3.8% |
| Amounts receivable within one year | 40/41 | €630,163 | €984,649 | +€354,486 | +56.3% |
| Trade receivables | 40 | €231,895 | €515,261 | +€283,366 | +122% |
| Other amounts receivable | 41 | €398,268 | €469,388 | +€71,120 | +17.9% |
| Cash at bank and in hand | 54/58 | €2,034,024 | €1,586,773 | -€447,252 | -22.0% |
| Deferred charges and accrued income | 490/1 | €56,997 | €45,683 | -€11,315 | -19.9% |
| Total equity and liabilities | 10/49 | €40,048,225 | €40,021,545 | -€26,680 | -0.1% |
| Equity | 10/15 | €38,147,464 | €38,296,990 | +€149,526 | +0.4% |
| Contributions | 10/11 | €31,088,474 | €31,088,474 | = | 0.0% |
| Capital | 10 | €31,088,474 | €31,088,474 | = | 0.0% |
| Issued capital | 100 | €31,088,474 | €31,088,474 | = | 0.0% |
| Reserves | 13 | €7,058,990 | €7,208,516 | +€149,526 | +2.1% |
| Non-distributable reserves | 130/1 | €538,090 | €3,108,847 | +€2.6m | +478% |
| Legal reserve | 130 | €538,090 | €3,108,847 | +€2.6m | +478% |
| Distributable reserves | 133 | €6,520,900 | €4,099,669 | -€2.4m | -37.1% |
| Amounts payable | 17/49 | €1,900,761 | €1,724,554 | -€176,207 | -9.3% |
| Amounts payable after more than one year | 17 | €1,400,000 | €1,400,000 | = | 0.0% |
| Financial debts | 170/4 | €1,400,000 | €1,400,000 | = | 0.0% |
| Other loans | 174 | €1,400,000 | €1,400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €478,183 | €305,014 | -€173,169 | -36.2% |
| Trade debts | 44 | €307,223 | €188,196 | -€119,027 | -38.7% |
| Suppliers | 440/4 | €307,223 | €188,196 | -€119,027 | -38.7% |
| Taxes, remuneration and social security | 45 | €170,960 | €116,818 | -€54,142 | -31.7% |
| Taxes | 450/3 | €30,643 | €250 | -€30,393 | -99.2% |
| Remuneration and social security | 454/9 | €140,316 | €116,568 | -€23,748 | -16.9% |
| Accrued charges and deferred income | 492/3 | €22,578 | €19,540 | -€3,038 | -13.5% |
| Operating income | 70/76A | €4,377,711 | €4,130,303 | -€247,409 | -5.7% |
| Turnover | 70 | €3,947,136 | €3,665,690 | -€281,446 | -7.1% |
| Other operating income | 74 | €430,575 | €464,613 | +€34,037 | +7.9% |
| Operating charges | 60/66A | €4,023,033 | €3,913,427 | -€109,606 | -2.7% |
| Services and other goods | 61 | €2,682,973 | €2,761,883 | +€78,910 | +2.9% |
| Remuneration, social security and pensions | 62 | €1,324,808 | €1,132,999 | -€191,809 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,994 | €16,048 | +€4,054 | +33.8% |
| Other operating charges | 640/8 | €3,258 | €2,497 | -€761 | -23.4% |
| Operating profit (loss) | 9901 | €354,678 | €216,876 | -€137,803 | -38.9% |
| Financial income | 75/76B | €24,657 | €21,358 | -€3,299 | -13.4% |
| Recurring financial income | 75 | €24,657 | €21,358 | -€3,299 | -13.4% |
| Income from current assets | 751 | €24,657 | €21,358 | -€3,299 | -13.4% |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Financial charges | 65/66B | €46,220 | €26,737 | -€19,483 | -42.2% |
| Recurring financial charges | 65 | €46,220 | €26,737 | -€19,483 | -42.2% |
| Debt charges | 650 | €44,037 | €24,864 | -€19,173 | -43.5% |
| Other financial charges | 652/9 | €2,183 | €1,873 | -€310 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €333,115 | €211,496 | -€121,619 | -36.5% |
| Income taxes | 67/77 | €98,163 | €61,970 | -€36,193 | -36.9% |
| Taxes | 670/3 | €98,568 | €65,470 | -€33,097 | -33.6% |
| Tax adjustments and reversals of tax provisions | 77 | €405 | €3,500 | +€3,095 | +764% |
| Profit (loss) for the period | 9904 | €234,952 | €149,526 | -€85,426 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €234,952 | €149,526 | -€85,426 | -36.4% |
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 29 October 2026 via checked.be.