KRANEN DESUTTER: 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.
What changed
KRANEN DESUTTER
NACE 77.320, Rental and leasing activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.7m
2024 · €1.1m+€560,474
Equity
€4.7m
2024 · €3.9m+€817,927
Cash
€1.2m
2024 · €2.0m-€757,725
Balance sheet total
€19.8m
2024 · €17.3m+€2.5m
Largest movements
Assets
- Tangible fixed assets +€1.8m
up €1.8m (+16.4%), from €11.2m to €13.0m
of which Plant, machinery and equipment: +€1.5m
- Receivables within one year +€913,639
up €913,639 (+30.4%), from €3.0m to €3.9m
of which Other amounts receivable: +€936,360
- Cash -€757,725
down €757,725 (-38.0%), from €2.0m to €1.2m
mainly Investment in fixed assets (net) (-€4.2m) and Receivables within one year (-€913,639)
- Current investments +€600,000
up €600,000 (+60.0%), from €1.0m to €1.6m
Equity and liabilities
- Debts after one year +€1.8m
up €1.8m (+24.9%), from €7.0m to €8.8m
- Profit (loss) carried forward +€581,127
up €581,127 (+19.6%), from €3.0m to €3.5m
- Reserves +€236,800
up €236,800 (+28.2%), from €839,809 to €1.1m
of which Tax-exempt reserves: +€236,800
Income statement
- Gross operating margin +€1.3m
up €1.3m (+18.2%), from €6.9m to €8.2m
- Staff costs +€260,985
up €260,985 (+8.0%), from €3.2m to €3.5m
- Depreciation +€258,467
up €258,467 (+12.4%), from €2.1m to €2.3m
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
€1.1m
Gross operating margin
+€1.3m
Staff costs
-€260,985
Depreciation
-€258,467
Write-downs
+€1,019
Other operating charges
+€38,055
Financial income
+€16,508
Financial charges
-€75,494
Taxes
-€32,662
Deferred taxes and other
-€126,793
Result 2025
€1.7m
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.
From operations
+€3.1m
Investment
-€4.8m
Financing
+€864,753
Cash 2024
€2.0m
From operations (derived)
+€3.1m
Net result for the year
+€1.7m
Depreciation
+€2.3m
Receivables within one year
-€913,639
Deferred charges and accrued income
+€108,500
Provisions
+€75,216
Trade debts
-€144,721
Smaller working-capital items
-€6,485
Other debts
+€20,390
Investment (derived)
-€4.8m
Investment in fixed assets (net)
-€4.2m
Current investments
-€600,000
Financing
+€864,753
Debts after one year
+€1.8m
Current portion of long-term debt
-€36,990
Contributions, distributions and other
-€850,000
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,293,530 | €19,770,610 | +€2.5m | +14.3% |
| Fixed assets | 21/28 | €11,154,533 | €12,984,200 | +€1.8m | +16.4% |
| Tangible fixed assets | 22/27 | €11,154,283 | €12,983,950 | +€1.8m | +16.4% |
| Land and buildings | 22 | €4,226,134 | €4,545,030 | +€318,896 | +7.5% |
| Plant, machinery and equipment | 23 | €6,566,829 | €8,039,422 | +€1.5m | +22.4% |
| Furniture and vehicles | 24 | €361,321 | €399,498 | +€38,177 | +10.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €6,138,996 | €6,786,410 | +€647,414 | +10.5% |
| Amounts receivable within one year | 40/41 | €3,001,117 | €3,914,755 | +€913,639 | +30.4% |
| Trade receivables | 40 | €2,325,661 | €2,302,940 | -€22,722 | -1.0% |
| Other amounts receivable | 41 | €675,456 | €1,611,816 | +€936,360 | +138.6% |
| Current investments | 50/53 | €1,000,000 | €1,600,000 | +€600,000 | +60.0% |
| Cash at bank and in hand | 54/58 | €1,993,285 | €1,235,560 | -€757,725 | -38.0% |
| Deferred charges and accrued income | 490/1 | €144,595 | €36,095 | -€108,500 | -75.0% |
| Total equity and liabilities | 10/49 | €17,293,530 | €19,770,610 | +€2.5m | +14.3% |
| Equity | 10/15 | €3,879,970 | €4,697,897 | +€817,927 | +21.1% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €839,809 | €1,076,609 | +€236,800 | +28.2% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €784,196 | €1,020,995 | +€236,800 | +30.2% |
| Distributable reserves | 133 | €48,176 | €48,176 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,965,792 | €3,546,920 | +€581,127 | +19.6% |
| Provisions and deferred taxes | 16 | €291,814 | €367,030 | +€75,216 | +25.8% |
| Deferred taxes | 168 | €291,814 | €367,030 | +€75,216 | +25.8% |
| Amounts payable | 17/49 | €13,121,746 | €14,705,683 | +€1.6m | +12.1% |
| Amounts payable after more than one year | 17 | €7,031,706 | €8,783,448 | +€1.8m | +24.9% |
| Financial debts | 170/4 | €7,031,706 | €8,783,448 | +€1.8m | +24.9% |
| Amounts payable within one year | 42/48 | €6,074,811 | €5,914,149 | -€160,662 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €2,155,394 | €2,118,404 | -€36,990 | -1.7% |
| Trade debts | 44 | €2,471,285 | €2,326,564 | -€144,721 | -5.9% |
| Suppliers | 440/4 | €2,471,285 | €2,326,564 | -€144,721 | -5.9% |
| Taxes, remuneration and social security | 45 | €234,402 | €235,061 | +€659 | +0.3% |
| Taxes | 450/3 | €103,584 | €105,222 | +€1,637 | +1.6% |
| Remuneration and social security | 454/9 | €130,818 | €129,839 | -€979 | -0.7% |
| Other amounts payable | 47/48 | €1,213,730 | €1,234,120 | +€20,390 | +1.7% |
| Accrued charges and deferred income | 492/3 | €15,229 | €8,086 | -€7,143 | -46.9% |
| Non-recurring operating income | 76A | €34,418 | €509,323 | +€474,905 | +1379.8% |
| Remuneration, social security and pensions | 62 | €3,245,825 | €3,506,810 | +€260,985 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,080,329 | €2,338,796 | +€258,467 | +12.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,591 | €573 | -€1,019 | -64.0% |
| Other operating charges | 640/8 | €111,614 | €73,559 | -€38,055 | -34.1% |
| Gross operating margin | 9900 | €6,916,126 | €8,175,419 | +€1.3m | +18.2% |
| Operating profit (loss) | 9901 | €1,476,767 | €2,255,682 | +€778,915 | +52.7% |
| Financial income | 75/76B | €56,974 | €73,482 | +€16,508 | +29.0% |
| Recurring financial income | 75 | €56,974 | €73,482 | +€16,508 | +29.0% |
| Financial charges | 65/66B | €262,619 | €338,113 | +€75,494 | +28.7% |
| Recurring financial charges | 65 | €262,619 | €338,113 | +€75,494 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €1,271,122 | €1,991,051 | +€719,929 | +56.6% |
| Transfer from deferred taxes | 780 | €51,577 | €51,034 | -€543 | -1.1% |
| Transfer to deferred taxes | 680 | - | €126,250 | +€126,250 | |
| Income taxes | 67/77 | €215,246 | €247,908 | +€32,662 | +15.2% |
| Profit (loss) for the period | 9904 | €1,107,453 | €1,667,927 | +€560,474 | +50.6% |
| Transfer from tax-exempt reserves | 789 | €135,597 | €141,950 | +€6,354 | +4.7% |
| Transfer to tax-exempt reserves | 689 | - | €378,750 | +€378,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,243,050 | €1,431,127 | +€188,077 | +15.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.