KRESTON-VDN: 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-VDN
Largest movements
- Tangible fixed assets -€55,326
down €55,326 (-25.7%), from €215,277 to €159,950
of which Furniture and vehicles: -€29,455
- Cash +€26,571
up €26,571 (+9.7%), from €273,389 to €299,959
mainly Net result for the year (+€304,306) and Other debts (+€145,628)
- Intangible fixed assets -€15,732
down €15,732 (-32.2%), from €48,833 to €33,101
- Receivables within one year -€11,491
down €11,491 (-2.8%), from €410,821 to €399,330
of which Trade receivables: -€120,537
- Deferred charges and accrued income +€10,629
up €10,629 (+74.8%), from €14,217 to €24,847
- Other debts +€145,628
up €145,628 (+93.9%), from €155,015 to €300,642
- Trade debts -€89,273
down €89,273 (-50.8%), from €175,905 to €86,632
- Debts after one year -€49,367
down €49,367 (-28.1%), from €175,376 to €126,008
- Tax, wage and social debts -€41,078
down €41,078 (-53.0%), from €77,462 to €36,384
of which Taxes: -€28,571
- Current portion of long-term debt -€9,944
down €9,944 (-16.8%), from €59,311 to €49,367
- Gross operating margin +€139,242
up €139,242 (+19.1%), from €730,280 to €869,521
- Other operating charges -€9,217
down €9,217 (-86.3%), from €10,681 to €1,464
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 | €962,537 | €917,187 | -€45,350 | -4.7% |
| Fixed assets | 21/28 | €264,110 | €193,051 | -€71,059 | -26.9% |
| Intangible fixed assets | 21 | €48,833 | €33,101 | -€15,732 | -32.2% |
| Tangible fixed assets | 22/27 | €215,277 | €159,950 | -€55,326 | -25.7% |
| Plant, machinery and equipment | 23 | €991 | €855 | -€136 | -13.7% |
| Furniture and vehicles | 24 | €122,987 | €93,532 | -€29,455 | -23.9% |
| Other tangible fixed assets | 26 | €91,299 | €65,563 | -€25,736 | -28.2% |
| Current assets | 29/58 | €698,427 | €724,136 | +€25,709 | +3.7% |
| Amounts receivable within one year | 40/41 | €410,821 | €399,330 | -€11,491 | -2.8% |
| Trade receivables | 40 | €403,223 | €282,686 | -€120,537 | -29.9% |
| Other amounts receivable | 41 | €7,598 | €116,644 | +€109,045 | +1,435% |
| Cash at bank and in hand | 54/58 | €273,389 | €299,959 | +€26,571 | +9.7% |
| Deferred charges and accrued income | 490/1 | €14,217 | €24,847 | +€10,629 | +74.8% |
| Total equity and liabilities | 10/49 | €962,537 | €917,187 | -€45,350 | -4.7% |
| Equity | 10/15 | €310,875 | €311,681 | +€806 | +0.3% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €3,100 | €3,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,100 | €3,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €276,775 | €277,581 | +€806 | +0.3% |
| Amounts payable | 17/49 | €651,662 | €605,506 | -€46,156 | -7.1% |
| Amounts payable after more than one year | 17 | €175,376 | €126,008 | -€49,367 | -28.1% |
| Financial debts | 170/4 | €175,376 | €126,008 | -€49,367 | -28.1% |
| Amounts payable within one year | 42/48 | €468,787 | €473,345 | +€4,558 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €59,311 | €49,367 | -€9,944 | -16.8% |
| Financial debts | 43 | €1,094 | €319 | -€775 | -70.9% |
| Credit institutions | 430/8 | €1,094 | €319 | -€775 | -70.9% |
| Trade debts | 44 | €175,905 | €86,632 | -€89,273 | -50.8% |
| Suppliers | 440/4 | €175,905 | €86,632 | -€89,273 | -50.8% |
| Taxes, remuneration and social security | 45 | €77,462 | €36,384 | -€41,078 | -53.0% |
| Taxes | 450/3 | €28,784 | €213 | -€28,571 | -99.3% |
| Remuneration and social security | 454/9 | €48,679 | €36,171 | -€12,507 | -25.7% |
| Other amounts payable | 47/48 | €155,015 | €300,642 | +€145,628 | +93.9% |
| Accrued charges and deferred income | 492/3 | €7,500 | €6,153 | -€1,347 | -18.0% |
| Remuneration, social security and pensions | 62 | €474,621 | €472,868 | -€1,753 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,105 | €75,812 | -€2,293 | -2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,609 | €0 | +€4,609 | |
| Other operating charges | 640/8 | €10,681 | €1,464 | -€9,217 | -86.3% |
| Non-recurring operating charges | 66A | - | €475 | +€475 | |
| Gross operating margin | 9900 | €730,280 | €869,521 | +€139,242 | +19.1% |
| Operating profit (loss) | 9901 | €171,481 | €318,903 | +€147,422 | +86.0% |
| Financial income | 75/76B | €209 | €296 | +€88 | +42.2% |
| Recurring financial income | 75 | €209 | €296 | +€88 | +42.2% |
| Financial charges | 65/66B | €9,572 | €9,596 | +€25 | +0.3% |
| Recurring financial charges | 65 | €9,572 | €9,596 | +€25 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €162,118 | €309,603 | +€147,485 | +91.0% |
| Income taxes | 67/77 | €4,963 | €5,297 | +€334 | +6.7% |
| Profit (loss) for the period | 9904 | €157,155 | €304,306 | +€147,151 | +93.6% |
| Profit (loss) for the period to be appropriated | 9905 | €157,155 | €304,306 | +€147,151 | +93.6% |
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 24 October 2026 via checked.be.