KRESTON-MDS: 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.
KRESTON-MDS
Largest movements
- Cash -€50,449
down €50,449 (-30.8%), from €163,848 to €113,399
mainly Receivables within one year (-€46,927) and Investment in fixed assets (net) (-€45,288)
- Receivables within one year +€46,927
up €46,927 (+32.7%), from €143,699 to €190,625
of which Trade receivables: +€43,296
- Tangible fixed assets +€21,744
up €21,744 (+43.3%), from €50,212 to €71,956
- Debts after one year +€24,762
up €24,762 (+38.4%), from €64,467 to €89,228
- Tax, wage and social debts -€17,210
down €17,210 (-42.5%), from €40,476 to €23,266
of which Taxes: -€22,990
- Trade debts -€11,876
down €11,876 (-40.4%), from €29,394 to €17,518
- Other debts +€11,525
up €11,525 (+5.6%), from €205,029 to €216,554
- Current portion of long-term debt +€8,305
up €8,305 (+89.0%), from €9,330 to €17,635
- Gross operating margin -€111,176
down €111,176 (-30.4%), from €365,586 to €254,410
- Staff costs +€40,380
up €40,380 (+26.8%), from €150,869 to €191,249
- Financial income -€22,472
down €22,472 (-99.8%), from €22,512 to €41
- Depreciation +€5,355
up €5,355 (+29.4%), from €18,189 to €23,544
- Taxes +€4,381
up €4,381 (+518%), from €845 to €5,226
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 | €527,220 | €543,505 | +€16,286 | +3.1% |
| Fixed assets | 21/28 | €212,827 | €234,571 | +€21,744 | +10.2% |
| Tangible fixed assets | 22/27 | €50,212 | €71,956 | +€21,744 | +43.3% |
| Furniture and vehicles | 24 | €50,212 | €71,956 | +€21,744 | +43.3% |
| Financial fixed assets | 28 | €162,615 | €162,615 | = | 0.0% |
| Current assets | 29/58 | €314,393 | €308,935 | -€5,458 | -1.7% |
| Amounts receivable within one year | 40/41 | €143,699 | €190,625 | +€46,927 | +32.7% |
| Trade receivables | 40 | €131,477 | €174,773 | +€43,296 | +32.9% |
| Other amounts receivable | 41 | €12,222 | €15,852 | +€3,631 | +29.7% |
| Cash at bank and in hand | 54/58 | €163,848 | €113,399 | -€50,449 | -30.8% |
| Deferred charges and accrued income | 490/1 | €6,846 | €4,910 | -€1,936 | -28.3% |
| Total equity and liabilities | 10/49 | €527,220 | €543,505 | +€16,286 | +3.1% |
| Equity | 10/15 | €126,593 | €128,817 | +€2,224 | +1.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,593 | €106,817 | +€2,224 | +2.1% |
| Amounts payable | 17/49 | €400,627 | €414,689 | +€14,062 | +3.5% |
| Amounts payable after more than one year | 17 | €64,467 | €89,228 | +€24,762 | +38.4% |
| Financial debts | 170/4 | €64,467 | €89,228 | +€24,762 | +38.4% |
| Amounts payable within one year | 42/48 | €334,934 | €325,460 | -€9,474 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €9,330 | €17,635 | +€8,305 | +89.0% |
| Financial debts | 43 | €50,705 | €50,488 | -€217 | -0.4% |
| Credit institutions | 430/8 | €50,705 | €50,488 | -€217 | -0.4% |
| Trade debts | 44 | €29,394 | €17,518 | -€11,876 | -40.4% |
| Suppliers | 440/4 | €29,394 | €17,518 | -€11,876 | -40.4% |
| Taxes, remuneration and social security | 45 | €40,476 | €23,266 | -€17,210 | -42.5% |
| Taxes | 450/3 | €23,081 | €91 | -€22,990 | -99.6% |
| Remuneration and social security | 454/9 | €17,394 | €23,174 | +€5,780 | +33.2% |
| Other amounts payable | 47/48 | €205,029 | €216,554 | +€11,525 | +5.6% |
| Accrued charges and deferred income | 492/3 | €1,226 | €0 | -€1,226 | -100% |
| Remuneration, social security and pensions | 62 | €150,869 | €191,249 | +€40,380 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,189 | €23,544 | +€5,355 | +29.4% |
| Other operating charges | 640/8 | €2,171 | €2,961 | +€791 | +36.4% |
| Gross operating margin | 9900 | €365,586 | €254,410 | -€111,176 | -30.4% |
| Operating profit (loss) | 9901 | €194,357 | €36,656 | -€157,701 | -81.1% |
| Financial income | 75/76B | €22,512 | €41 | -€22,472 | -99.8% |
| Recurring financial income | 75 | €22,512 | €41 | -€22,472 | -99.8% |
| Financial charges | 65/66B | €7,908 | €7,747 | -€161 | -2.0% |
| Recurring financial charges | 65 | €7,908 | €7,747 | -€161 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €208,962 | €28,950 | -€180,012 | -86.1% |
| Income taxes | 67/77 | €845 | €5,226 | +€4,381 | +518% |
| Profit (loss) for the period | 9904 | €208,117 | €23,724 | -€184,393 | -88.6% |
| Profit (loss) for the period to be appropriated | 9905 | €208,117 | €23,724 | -€184,393 | -88.6% |
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 18 October 2026 via checked.be.