KRENCO: what changed
KRENCO
Largest movements
- Tangible fixed assets -€75,648
down €75,648 (-28.8%), from €262,966 to €187,318
of which Furniture and vehicles: -€44,004
- Cash +€74,767
up €74,767 (+98.6%), from €75,801 to €150,568
mainly Other debts (+€139,065) and Net result for the year (+€93,596)
- Reserves -€161,110
down €161,110 (-99.7%), from €161,616 to €506
- Other debts +€139,065
up €139,065 (+145%), from €96,222 to €235,287
- Tax, wage and social debts +€41,055
up €41,055 (+672%), from €6,109 to €47,164
of which Taxes: +€41,822
- Debts after one year -€28,754
down €28,754 (-27.4%), from €105,067 to €76,313
- Trade debts +€5,142
up €5,142 (+245%), from €2,102 to €7,245
- Gross operating margin +€35,664
up €35,664 (+19.6%), from €181,786 to €217,449
- Depreciation +€18,258
up €18,258 (+29.7%), from €61,554 to €79,812
- Taxes +€10,237
up €10,237 (+45.1%), from €22,719 to €32,956
- Financial charges -€3,515
down €3,515 (-30.4%), from €11,550 to €8,035
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €399,770 | €396,269 | -€3,501 | -0.9% |
| Fixed assets | 21/28 | €262,966 | €187,318 | -€75,648 | -28.8% |
| Tangible fixed assets | 22/27 | €262,966 | €187,318 | -€75,648 | -28.8% |
| Plant, machinery and equipment | 23 | €107,250 | €75,607 | -€31,644 | -29.5% |
| Furniture and vehicles | 24 | €155,716 | €111,711 | -€44,004 | -28.3% |
| Current assets | 29/58 | €136,804 | €208,951 | +€72,147 | +52.7% |
| Stocks and contracts in progress | 3 | €6,704 | €3,621 | -€3,082 | -46.0% |
| Stocks | 30/36 | €6,704 | €3,621 | -€3,082 | -46.0% |
| Amounts receivable within one year | 40/41 | €51,969 | €51,315 | -€654 | -1.3% |
| Trade receivables | 40 | €46,307 | €47,548 | +€1,242 | +2.7% |
| Other amounts receivable | 41 | €5,662 | €3,766 | -€1,896 | -33.5% |
| Cash at bank and in hand | 54/58 | €75,801 | €150,568 | +€74,767 | +98.6% |
| Deferred charges and accrued income | 490/1 | €2,330 | €3,446 | +€1,116 | +47.9% |
| Total equity and liabilities | 10/49 | €399,770 | €396,269 | -€3,501 | -0.9% |
| Equity | 10/15 | €162,616 | €1,506 | -€161,110 | -99.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €161,616 | €506 | -€161,110 | -99.7% |
| Distributable reserves | 133 | €161,616 | €506 | -€161,110 | -99.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €237,154 | €394,763 | +€157,609 | +66.5% |
| Amounts payable after more than one year | 17 | €105,067 | €76,313 | -€28,754 | -27.4% |
| Financial debts | 170/4 | €105,067 | €76,313 | -€28,754 | -27.4% |
| Amounts payable within one year | 42/48 | €132,088 | €318,450 | +€186,363 | +141% |
| Current portion of amounts payable after more than one year | 42 | €27,654 | €28,754 | +€1,100 | +4.0% |
| Trade debts | 44 | €2,102 | €7,245 | +€5,142 | +245% |
| Suppliers | 440/4 | €2,102 | €7,245 | +€5,142 | +245% |
| Taxes, remuneration and social security | 45 | €6,109 | €47,164 | +€41,055 | +672% |
| Taxes | 450/3 | €5,342 | €47,164 | +€41,822 | +783% |
| Remuneration and social security | 454/9 | €767 | €0 | -€767 | -100% |
| Other amounts payable | 47/48 | €96,222 | €235,287 | +€139,065 | +145% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,554 | €79,812 | +€18,258 | +29.7% |
| Other operating charges | 640/8 | €2,333 | €3,051 | +€718 | +30.8% |
| Gross operating margin | 9900 | €181,786 | €217,449 | +€35,664 | +19.6% |
| Operating profit (loss) | 9901 | €117,900 | €134,587 | +€16,687 | +14.2% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100% |
| Financial charges | 65/66B | €11,550 | €8,035 | -€3,515 | -30.4% |
| Recurring financial charges | 65 | €11,550 | €8,035 | -€3,515 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €106,352 | €126,552 | +€20,200 | +19.0% |
| Income taxes | 67/77 | €22,719 | €32,956 | +€10,237 | +45.1% |
| Profit (loss) for the period | 9904 | €83,633 | €93,596 | +€9,963 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €83,633 | €93,596 | +€9,963 | +11.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.