Kreantis: 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.
Kreantis
Largest movements
- Receivables within one year +€376,382
up €376,382 (+106%), from €355,243 to €731,625
of which Trade receivables: +€377,724
- Cash -€106,229
down €106,229 (-74.4%), from €142,767 to €36,538
mainly Receivables within one year (-€376,382) and Contributions, distributions and other (-€192,000)
- Tangible fixed assets +€95,174
up €95,174 (+198%), from €48,119 to €143,293
of which Furniture and vehicles: +€77,309
- Deferred charges and accrued income +€10,884
up €10,884 (+7.8%), from €139,458 to €150,342
- Other debts +€119,616
up €119,616 (+34.1%), from €350,564 to €470,180
- Trade debts +€113,631
up €113,631 (+134%), from €84,651 to €198,283
- Reserves +€69,260
up €69,260 (+44.4%), from €156,005 to €225,265
- Debts after one year +€61,331
up €61,331 (+2,277%), from €2,694 to €64,025
- Current portion of long-term debt +€22,987
up €22,987 (+800%), from €2,874 to €25,861
- Gross operating margin +€176,686
up €176,686 (+29.9%), from €590,382 to €767,068
- Staff costs +€100,402
up €100,402 (+29.4%), from €341,733 to €442,135
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
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 | €685,677 | €1,061,928 | +€376,251 | +54.9% |
| Fixed assets | 21/28 | €48,209 | €143,423 | +€95,214 | +197% |
| Tangible fixed assets | 22/27 | €48,119 | €143,293 | +€95,174 | +198% |
| Plant, machinery and equipment | 23 | €27,245 | €43,117 | +€15,871 | +58.3% |
| Furniture and vehicles | 24 | €5,488 | €82,797 | +€77,309 | +1,409% |
| Leasing and similar rights | 25 | €10,624 | €2,638 | -€7,986 | -75.2% |
| Other tangible fixed assets | 26 | €4,761 | €14,741 | +€9,980 | +210% |
| Financial fixed assets | 28 | €90 | €130 | +€40 | +44.4% |
| Current assets | 29/58 | €637,467 | €918,505 | +€281,037 | +44.1% |
| Amounts receivable within one year | 40/41 | €355,243 | €731,625 | +€376,382 | +106% |
| Trade receivables | 40 | €352,861 | €730,585 | +€377,724 | +107% |
| Other amounts receivable | 41 | €2,382 | €1,040 | -€1,343 | -56.4% |
| Cash at bank and in hand | 54/58 | €142,767 | €36,538 | -€106,229 | -74.4% |
| Deferred charges and accrued income | 490/1 | €139,458 | €150,342 | +€10,884 | +7.8% |
| Total equity and liabilities | 10/49 | €685,677 | €1,061,928 | +€376,251 | +54.9% |
| Equity | 10/15 | €166,005 | €235,265 | +€69,260 | +41.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €156,005 | €225,265 | +€69,260 | +44.4% |
| Distributable reserves | 133 | €156,005 | €225,265 | +€69,260 | +44.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €519,672 | €826,662 | +€306,990 | +59.1% |
| Amounts payable after more than one year | 17 | €2,694 | €64,025 | +€61,331 | +2,277% |
| Financial debts | 170/4 | €2,694 | €64,025 | +€61,331 | +2,277% |
| Amounts payable within one year | 42/48 | €511,845 | €756,269 | +€244,424 | +47.8% |
| Current portion of amounts payable after more than one year | 42 | €2,874 | €25,861 | +€22,987 | +800% |
| Financial debts | 43 | €480 | €0 | -€480 | -100% |
| Credit institutions | 430/8 | €480 | €0 | -€480 | -100% |
| Trade debts | 44 | €84,651 | €198,283 | +€113,631 | +134% |
| Suppliers | 440/4 | €84,651 | €198,283 | +€113,631 | +134% |
| Taxes, remuneration and social security | 45 | €73,276 | €61,945 | -€11,331 | -15.5% |
| Taxes | 450/3 | €31,333 | €15,221 | -€16,112 | -51.4% |
| Remuneration and social security | 454/9 | €41,943 | €46,723 | +€4,781 | +11.4% |
| Other amounts payable | 47/48 | €350,564 | €470,180 | +€119,616 | +34.1% |
| Accrued charges and deferred income | 492/3 | €5,133 | €6,368 | +€1,235 | +24.1% |
| Remuneration, social security and pensions | 62 | €341,733 | €442,135 | +€100,402 | +29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,828 | €25,272 | +€7,445 | +41.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,975 | +€5,975 | |
| Other operating charges | 640/8 | €1,184 | €633 | -€552 | -46.6% |
| Gross operating margin | 9900 | €590,382 | €767,068 | +€176,686 | +29.9% |
| Operating profit (loss) | 9901 | €229,638 | €293,053 | +€63,416 | +27.6% |
| Financial income | 75/76B | €0 | €4 | +€4 | +20,250% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +20,250% |
| Financial charges | 65/66B | €6,033 | €8,232 | +€2,199 | +36.5% |
| Recurring financial charges | 65 | €6,033 | €8,232 | +€2,199 | +36.5% |
| Profit (loss) for the period before taxes | 9903 | €223,605 | €284,825 | +€61,220 | +27.4% |
| Income taxes | 67/77 | €19,055 | €23,565 | +€4,510 | +23.7% |
| Profit (loss) for the period | 9904 | €204,550 | €261,260 | +€56,711 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €204,550 | €261,260 | +€56,711 | +27.7% |
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.