KRENANU: 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.
KRENANU
Largest movements
- Intangible fixed assets -€7,808
down €7,808 (-100%), from €7,808 to €0
- Tangible fixed assets -€3,324
down €3,324 (-41.3%), from €8,049 to €4,724
of which Other tangible fixed assets: -€2,545
- Receivables within one year +€1,666
up €1,666, from €0 to €1,666
of which Other amounts receivable: +€1,336
- Cash -€1,353
down €1,353 (-36.8%), from €3,677 to €2,324
mainly Current portion of long-term debt (-€27,165) and Net result for the year (-€12,861)
- Current portion of long-term debt -€27,165
down €27,165 (-77.5%), from €35,035 to €7,870
- Other debts +€26,400
up €26,400 (+23.2%), from €113,607 to €140,008
- Profit (loss) carried forward -€12,861
down €12,861 (-8.6%), from -€148,738 to -€161,598
- Tax, wage and social debts +€10,491
up €10,491 (+63.5%), from €16,526 to €27,017
of which Taxes: +€5,352
- Debts after one year -€7,870
down €7,870 (-100%), from €7,870 to €0
- Staff costs +€28,693
up €28,693 (+36.6%), from €78,440 to €107,133
- Depreciation -€22,850
down €22,850 (-69.2%), from €33,014 to €10,164
- Gross operating margin +€19,022
up €19,022 (+20.7%), from €91,774 to €110,796
- Other operating charges -€10,662
down €10,662 (-94.9%), from €11,236 to €575
- Financial charges +€2,098
up €2,098 (+56.8%), from €3,696 to €5,794
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 | €30,743 | €19,994 | -€10,749 | -35.0% |
| Fixed assets | 21/28 | €20,836 | €9,704 | -€11,132 | -53.4% |
| Intangible fixed assets | 21 | €7,808 | €0 | -€7,808 | -100% |
| Tangible fixed assets | 22/27 | €8,049 | €4,724 | -€3,324 | -41.3% |
| Plant, machinery and equipment | 23 | €1,744 | €965 | -€779 | -44.7% |
| Other tangible fixed assets | 26 | €6,305 | €3,760 | -€2,545 | -40.4% |
| Financial fixed assets | 28 | €4,980 | €4,980 | = | 0.0% |
| Current assets | 29/58 | €9,907 | €10,289 | +€383 | +3.9% |
| Stocks and contracts in progress | 3 | €3,882 | €3,879 | -€4 | -0.1% |
| Stocks | 30/36 | €3,882 | €3,879 | -€4 | -0.1% |
| Amounts receivable within one year | 40/41 | €0 | €1,666 | +€1,666 | |
| Trade receivables | 40 | €0 | €330 | +€330 | |
| Other amounts receivable | 41 | €0 | €1,336 | +€1,336 | |
| Cash at bank and in hand | 54/58 | €3,677 | €2,324 | -€1,353 | -36.8% |
| Deferred charges and accrued income | 490/1 | €2,347 | €2,421 | +€74 | +3.2% |
| Total equity and liabilities | 10/49 | €30,743 | €19,994 | -€10,749 | -35.0% |
| Equity | 10/15 | -€143,738 | -€156,598 | -€12,861 | -8.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€148,738 | -€161,598 | -€12,861 | -8.6% |
| Amounts payable | 17/49 | €174,480 | €176,592 | +€2,112 | +1.2% |
| Amounts payable after more than one year | 17 | €7,870 | €0 | -€7,870 | -100% |
| Financial debts | 170/4 | €7,870 | €0 | -€7,870 | -100% |
| Amounts payable within one year | 42/48 | €165,953 | €176,430 | +€10,477 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €35,035 | €7,870 | -€27,165 | -77.5% |
| Trade debts | 44 | €785 | €1,535 | +€750 | +95.6% |
| Suppliers | 440/4 | €785 | €1,535 | +€750 | +95.6% |
| Taxes, remuneration and social security | 45 | €16,526 | €27,017 | +€10,491 | +63.5% |
| Taxes | 450/3 | €6,159 | €11,511 | +€5,352 | +86.9% |
| Remuneration and social security | 454/9 | €10,367 | €15,506 | +€5,139 | +49.6% |
| Other amounts payable | 47/48 | €113,607 | €140,008 | +€26,400 | +23.2% |
| Accrued charges and deferred income | 492/3 | €657 | €162 | -€495 | -75.3% |
| Remuneration, social security and pensions | 62 | €78,440 | €107,133 | +€28,693 | +36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,014 | €10,164 | -€22,850 | -69.2% |
| Other operating charges | 640/8 | €11,236 | €575 | -€10,662 | -94.9% |
| Gross operating margin | 9900 | €91,774 | €110,796 | +€19,022 | +20.7% |
| Operating profit (loss) | 9901 | -€30,917 | -€7,075 | +€23,841 | +77.1% |
| Financial income | 75/76B | €165 | €9 | -€156 | -94.4% |
| Recurring financial income | 75 | €165 | €9 | -€156 | -94.4% |
| Financial charges | 65/66B | €3,696 | €5,794 | +€2,098 | +56.8% |
| Recurring financial charges | 65 | €3,696 | €5,794 | +€2,098 | +56.8% |
| Profit (loss) for the period before taxes | 9903 | -€34,448 | -€12,861 | +€21,587 | +62.7% |
| Income taxes | 67/77 | €9 | €0 | -€9 | -100% |
| Profit (loss) for the period | 9904 | -€34,456 | -€12,861 | +€21,596 | +62.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,456 | -€12,861 | +€21,596 | +62.7% |
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 13 October 2026 via checked.be.