KREANOVE: 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.
KREANOVE
Largest movements
- Tangible fixed assets -€2,229
no longer reported in 2025 (was €2,229)
- Other debts +€5,844
up €5,844 (+9.9%), from €59,155 to €64,999
- Debts after one year -€3,563
no longer reported in 2025 (was €3,563)
- Profit (loss) carried forward -€2,979
down €2,979 (-9.8%), from -€30,342 to -€33,321
- Current portion of long-term debt -€1,068
down €1,068 (-23.1%), from €4,631 to €3,563
- Gross operating margin +€4,171
up €4,171, from -€631 to €3,540
- Depreciation -€2,448
down €2,448 (-52.3%), from €4,677 to €2,229
- Other operating charges -€2,382
down €2,382 (-92.1%), from €2,586 to €204
- Financial charges +€555
up €555 (+15.7%), from €3,532 to €4,086
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,050 | €83,821 | -€2,229 | -2.6% |
| Fixed assets | 21/28 | €3,190 | €961 | -€2,229 | -69.9% |
| Tangible fixed assets | 22/27 | €2,229 | - | -€2,229 | |
| Furniture and vehicles | 24 | €2,229 | - | -€2,229 | |
| Financial fixed assets | 28 | €961 | €961 | = | 0.0% |
| Current assets | 29/58 | €82,860 | €82,860 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €82,860 | €82,860 | = | 0.0% |
| Other amounts receivable | 41 | €82,860 | €82,860 | = | 0.0% |
| Total equity and liabilities | 10/49 | €86,050 | €83,821 | -€2,229 | -2.6% |
| Equity | 10/15 | -€9,882 | -€12,861 | -€2,979 | -30.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,342 | -€33,321 | -€2,979 | -9.8% |
| Amounts payable | 17/49 | €95,932 | €96,682 | +€750 | +0.8% |
| Amounts payable after more than one year | 17 | €3,563 | - | -€3,563 | |
| Financial debts | 170/4 | €3,563 | - | -€3,563 | |
| Amounts payable within one year | 42/48 | €92,370 | €96,682 | +€4,313 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €4,631 | €3,563 | -€1,068 | -23.1% |
| Financial debts | 43 | €28,584 | €28,121 | -€463 | -1.6% |
| Credit institutions | 430/8 | €28,584 | €28,121 | -€463 | -1.6% |
| Other amounts payable | 47/48 | €59,155 | €64,999 | +€5,844 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,677 | €2,229 | -€2,448 | -52.3% |
| Other operating charges | 640/8 | €2,586 | €204 | -€2,382 | -92.1% |
| Gross operating margin | 9900 | -€631 | €3,540 | +€4,171 | |
| Operating profit (loss) | 9901 | -€7,893 | €1,107 | +€9,000 | |
| Financial charges | 65/66B | €3,532 | €4,086 | +€555 | +15.7% |
| Recurring financial charges | 65 | €3,532 | €4,086 | +€555 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,425 | -€2,979 | +€8,446 | +73.9% |
| Profit (loss) for the period | 9904 | -€11,425 | -€2,979 | +€8,446 | +73.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,425 | -€2,979 | +€8,446 | +73.9% |
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 22 October 2026 via checked.be.