KREANCO: 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.
KREANCO
Largest movements
- Financial fixed assets -€145,736
down €145,736 (-97.2%), from €149,966 to €4,230
- Intangible fixed assets +€76,998
new in 2025: €76,998
- Stocks and contracts +€9,356
new in 2025: €9,356
- Receivables within one year +€6,608
up €6,608 (+1884.1%), from €351 to €6,958
of which Trade receivables: +€4,048
- Tangible fixed assets +€5,297
up €5,297 (+139.8%), from €3,789 to €9,086
of which Plant, machinery and equipment: +€6,109
- Other debts -€72,673
down €72,673 (-90.1%), from €80,673 to €8,000
- Tax, wage and social debts +€24,000
up €24,000 (+415.0%), from €5,783 to €29,784
of which Taxes: +€15,577
- Reserves +€18,765
up €18,765 (+60.6%), from €30,975 to €49,740
- Current portion of long-term debt -€6,399
down €6,399 (-74.3%), from €8,613 to €2,214
- Short-term financial debts -€4,744
down €4,744 (-100.0%), from €4,744 to €0
- Gross operating margin +€140,767
up €140,767 (+988.2%), from €14,245 to €155,012
- Staff costs +€105,611
new in 2025: €105,611
- Taxes +€6,200
up €6,200 (+149.2%), from €4,155 to €10,356
- Depreciation +€4,764
up €4,764 (+371.6%), from €1,282 to €6,045
- Other operating charges +€3,905
up €3,905 (+903.4%), from €432 to €4,337
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 | €154,167 | €110,354 | -€43,813 | -28.4% |
| Fixed assets | 21/28 | €153,755 | €90,314 | -€63,441 | -41.3% |
| Intangible fixed assets | 21 | - | €76,998 | +€76,998 | |
| Tangible fixed assets | 22/27 | €3,789 | €9,086 | +€5,297 | +139.8% |
| Plant, machinery and equipment | 23 | €1,421 | €7,530 | +€6,109 | +429.9% |
| Furniture and vehicles | 24 | €2,368 | €1,557 | -€812 | -34.3% |
| Financial fixed assets | 28 | €149,966 | €4,230 | -€145,736 | -97.2% |
| Current assets | 29/58 | €412 | €20,040 | +€19,627 | +4761.5% |
| Stocks and contracts in progress | 3 | - | €9,356 | +€9,356 | |
| Stocks | 30/36 | - | €9,356 | +€9,356 | |
| Amounts receivable within one year | 40/41 | €351 | €6,958 | +€6,608 | +1884.1% |
| Trade receivables | 40 | €249 | €4,297 | +€4,048 | +1625.7% |
| Other amounts receivable | 41 | €102 | €2,662 | +€2,560 | +2516.8% |
| Cash at bank and in hand | 54/58 | - | €3,463 | +€3,463 | |
| Deferred charges and accrued income | 490/1 | €62 | €262 | +€201 | +326.3% |
| Total equity and liabilities | 10/49 | €154,167 | €110,354 | -€43,813 | -28.4% |
| Equity | 10/15 | €50,975 | €69,740 | +€18,765 | +36.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €30,975 | €49,740 | +€18,765 | +60.6% |
| Distributable reserves | 133 | €30,975 | €49,740 | +€18,765 | +60.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €103,193 | €40,614 | -€62,578 | -60.6% |
| Amounts payable after more than one year | 17 | €2,214 | €0 | -€2,214 | -100.0% |
| Financial debts | 170/4 | €2,214 | €0 | -€2,214 | -100.0% |
| Amounts payable within one year | 42/48 | €100,978 | €40,614 | -€60,364 | -59.8% |
| Current portion of amounts payable after more than one year | 42 | €8,613 | €2,214 | -€6,399 | -74.3% |
| Financial debts | 43 | €4,744 | €0 | -€4,744 | -100.0% |
| Credit institutions | 430/8 | €4,744 | €0 | -€4,744 | -100.0% |
| Trade debts | 44 | €1,166 | €616 | -€550 | -47.1% |
| Suppliers | 440/4 | €1,166 | €616 | -€550 | -47.1% |
| Taxes, remuneration and social security | 45 | €5,783 | €29,784 | +€24,000 | +415.0% |
| Taxes | 450/3 | €3,483 | €19,060 | +€15,577 | +447.2% |
| Remuneration and social security | 454/9 | €2,300 | €10,724 | +€8,424 | +366.2% |
| Other amounts payable | 47/48 | €80,673 | €8,000 | -€72,673 | -90.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €105,611 | +€105,611 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,282 | €6,045 | +€4,764 | +371.6% |
| Other operating charges | 640/8 | €432 | €4,337 | +€3,905 | +903.4% |
| Gross operating margin | 9900 | €14,245 | €155,012 | +€140,767 | +988.2% |
| Operating profit (loss) | 9901 | €12,531 | €39,019 | +€26,488 | +211.4% |
| Financial income | 75/76B | €1 | €68 | +€68 | +9538.0% |
| Recurring financial income | 75 | €1 | €68 | +€68 | +9538.0% |
| Financial charges | 65/66B | €1,636 | €1,966 | +€330 | +20.1% |
| Recurring financial charges | 65 | €1,636 | €1,966 | +€330 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €10,895 | €37,121 | +€26,226 | +240.7% |
| Income taxes | 67/77 | €4,155 | €10,356 | +€6,200 | +149.2% |
| Profit (loss) for the period | 9904 | €6,740 | €26,765 | +€20,025 | +297.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,740 | €26,765 | +€20,025 | +297.1% |
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 11 October 2026 via checked.be.