KRANEMAR: what changed
Two fiscal 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.
KRANEMAR
Largest movements
- Current investments +€25,000
up €25,000 (+33.3%), from €75,000 to €100,000
- Tangible fixed assets +€23,705
up €23,705 (+53.9%), from €43,965 to €67,669
of which Furniture and vehicles: +€34,145
- Receivables within one year +€4,087
up €4,087 (+31.2%), from €13,116 to €17,204
- Cash +€3,698
up €3,698 (+6.9%), from €53,720 to €57,417
mainly Net result for the year (+€48,874) and Depreciation (+€17,396)
- Reserves +€48,874
up €48,874 (+27.0%), from €180,721 to €229,596
of which Distributable reserves: +€50,734
- Tax, wage and social debts +€7,195
new in 2025: €7,195
- Trade debts +€2,847
up €2,847 (+416.5%), from €683 to €3,530
- Gross operating margin +€39,776
up €39,776 (+85.6%), from €46,485 to €86,261
- Taxes +€12,101
up €12,101 (+113.2%), from €10,690 to €22,791
- Financial income +€1,169
up €1,169 (+55.3%), from €2,116 to €3,285
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.
Cash bridge derived
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 | €188,959 | €246,520 | +€57,561 | +30.5% |
| Fixed assets | 21/28 | €44,497 | €68,202 | +€23,705 | +53.3% |
| Tangible fixed assets | 22/27 | €43,965 | €67,669 | +€23,705 | +53.9% |
| Land and buildings | 22 | €9,038 | €8,114 | -€924 | -10.2% |
| Plant, machinery and equipment | 23 | €7,975 | €4,269 | -€3,706 | -46.5% |
| Furniture and vehicles | 24 | €3,100 | €37,245 | +€34,145 | +1101.5% |
| Other tangible fixed assets | 26 | €23,851 | €18,041 | -€5,810 | -24.4% |
| Financial fixed assets | 28 | €533 | €533 | = | 0.0% |
| Current assets | 29/58 | €144,462 | €178,319 | +€33,857 | +23.4% |
| Amounts receivable within one year | 40/41 | €13,116 | €17,204 | +€4,087 | +31.2% |
| Other amounts receivable | 41 | €13,116 | €17,204 | +€4,087 | +31.2% |
| Current investments | 50/53 | €75,000 | €100,000 | +€25,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €53,720 | €57,417 | +€3,698 | +6.9% |
| Deferred charges and accrued income | 490/1 | €2,626 | €3,698 | +€1,072 | +40.8% |
| Total equity and liabilities | 10/49 | €188,959 | €246,520 | +€57,561 | +30.5% |
| Equity | 10/15 | €186,921 | €235,796 | +€48,874 | +26.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €180,721 | €229,596 | +€48,874 | +27.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €178,861 | €229,596 | +€50,734 | +28.4% |
| Amounts payable | 17/49 | €2,038 | €10,725 | +€8,687 | +426.3% |
| Amounts payable within one year | 42/48 | €2,038 | €10,725 | +€8,687 | +426.3% |
| Current portion of amounts payable after more than one year | 42 | €1,354 | - | -€1,354 | |
| Trade debts | 44 | €683 | €3,530 | +€2,847 | +416.5% |
| Suppliers | 440/4 | €683 | €3,530 | +€2,847 | +416.5% |
| Taxes, remuneration and social security | 45 | - | €7,195 | +€7,195 | |
| Taxes | 450/3 | - | €7,195 | +€7,195 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,848 | €17,396 | -€452 | -2.5% |
| Other operating charges | 640/8 | €520 | €264 | -€257 | -49.3% |
| Gross operating margin | 9900 | €46,485 | €86,261 | +€39,776 | +85.6% |
| Operating profit (loss) | 9901 | €28,117 | €68,601 | +€40,484 | +144.0% |
| Financial income | 75/76B | €2,116 | €3,285 | +€1,169 | +55.3% |
| Recurring financial income | 75 | €2,116 | €3,285 | +€1,169 | +55.3% |
| Financial charges | 65/66B | €366 | €220 | -€146 | -39.9% |
| Recurring financial charges | 65 | €366 | €220 | -€146 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | €29,866 | €71,665 | +€41,799 | +140.0% |
| Income taxes | 67/77 | €10,690 | €22,791 | +€12,101 | +113.2% |
| Profit (loss) for the period | 9904 | €19,176 | €48,874 | +€29,698 | +154.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,176 | €48,874 | +€29,698 | +154.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.