KRESTHO: 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.
KRESTHO
Largest movements
- Tangible fixed assets +€319,943
up €319,943 (+20.0%), from €1.6m to €1.9m
of which Assets under construction and advance payments: +€398,710
- Cash +€112,338
up €112,338 (+948.3%), from €11,846 to €124,184
mainly Debts after one year (+€426,587) and Other debts (+€91,865)
- Debts after one year +€426,587
up €426,587 (+48.9%), from €873,080 to €1.3m
- Current portion of long-term debt -€146,952
down €146,952 (-100.0%), from €146,952 to €0
- Other debts +€91,865
up €91,865 (+21.5%), from €427,175 to €519,039
- Trade debts +€25,499
up €25,499 (+2899.0%), from €880 to €26,378
- Financial charges +€44,046
up €44,046 (+116.1%), from €37,929 to €81,975
- Gross operating margin +€13,965
up €13,965 (+8.1%), from €173,138 to €187,103
- Taxes -€10,645
down €10,645 (-76.5%), from €13,915 to €3,270
- Other operating charges +€6,379
up €6,379 (+49.1%), from €12,982 to €19,361
- Financial income +€6,081
new in 2026: €6,081
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,617,146 | €2,046,156 | +€429,010 | +26.5% |
| Fixed assets | 21/28 | €1,600,215 | €1,920,158 | +€319,943 | +20.0% |
| Tangible fixed assets | 22/27 | €1,600,215 | €1,920,158 | +€319,943 | +20.0% |
| Land and buildings | 22 | €1,600,215 | €1,521,448 | -€78,767 | -4.9% |
| Assets under construction and advance payments | 27 | - | €398,710 | +€398,710 | |
| Current assets | 29/58 | €16,931 | €125,998 | +€109,068 | +644.2% |
| Amounts receivable within one year | 40/41 | €5,085 | €1,815 | -€3,270 | -64.3% |
| Other amounts receivable | 41 | €5,085 | €1,815 | -€3,270 | -64.3% |
| Cash at bank and in hand | 54/58 | €11,846 | €124,184 | +€112,338 | +948.3% |
| Total equity and liabilities | 10/49 | €1,617,146 | €2,046,156 | +€429,010 | +26.5% |
| Equity | 10/15 | €156,434 | €166,245 | +€9,811 | +6.3% |
| Reserves | 13 | €156,434 | €166,245 | +€9,811 | +6.3% |
| Distributable reserves | 133 | €156,434 | €166,245 | +€9,811 | +6.3% |
| Amounts payable | 17/49 | €1,460,712 | €1,879,912 | +€419,200 | +28.7% |
| Amounts payable after more than one year | 17 | €873,080 | €1,299,667 | +€426,587 | +48.9% |
| Financial debts | 170/4 | €873,080 | €1,299,667 | +€426,587 | +48.9% |
| Amounts payable within one year | 42/48 | €582,244 | €567,337 | -€14,907 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €146,952 | €0 | -€146,952 | -100.0% |
| Trade debts | 44 | €880 | €26,378 | +€25,499 | +2899.0% |
| Suppliers | 440/4 | €880 | €26,378 | +€25,499 | +2899.0% |
| Taxes, remuneration and social security | 45 | €7,238 | €21,919 | +€14,682 | +202.9% |
| Taxes | 450/3 | €7,238 | €21,919 | +€14,682 | +202.9% |
| Other amounts payable | 47/48 | €427,175 | €519,039 | +€91,865 | +21.5% |
| Accrued charges and deferred income | 492/3 | €5,388 | €12,908 | +€7,520 | +139.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,767 | €78,767 | +€0 | 0.0% |
| Other operating charges | 640/8 | €12,982 | €19,361 | +€6,379 | +49.1% |
| Gross operating margin | 9900 | €173,138 | €187,103 | +€13,965 | +8.1% |
| Operating profit (loss) | 9901 | €81,389 | €88,975 | +€7,586 | +9.3% |
| Financial income | 75/76B | - | €6,081 | +€6,081 | |
| Recurring financial income | 75 | - | €6,081 | +€6,081 | |
| Financial charges | 65/66B | €37,929 | €81,975 | +€44,046 | +116.1% |
| Recurring financial charges | 65 | €37,929 | €81,975 | +€44,046 | +116.1% |
| Profit (loss) for the period before taxes | 9903 | €43,460 | €13,081 | -€30,379 | -69.9% |
| Income taxes | 67/77 | €13,915 | €3,270 | -€10,645 | -76.5% |
| Profit (loss) for the period | 9904 | €29,545 | €9,811 | -€19,734 | -66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,545 | €9,811 | -€19,734 | -66.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.