Kronos Strategy & Advisory: 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.
Kronos Strategy & Advisory
Largest movements
- Cash -€118,049
down €118,049 (-60.2%), from €196,033 to €77,985
mainly Net result for the year (-€119,381) and Tax, wage and social debts (-€21,744)
- Receivables within one year -€7,170
down €7,170 (-60.6%), from €11,827 to €4,657
of which Trade receivables: -€4,656
- Reserves -€119,381
down €119,381 (-66.6%), from €179,257 to €59,876
of which Distributable reserves: -€119,381
- Tax, wage and social debts -€21,744
down €21,744 (-97.8%), from €22,239 to €495
- Other debts +€18,596
up €18,596 (+2,557%), from €727 to €19,324
- Gross operating margin +€4,925
up €4,925 (+4.4%), from -€110,778 to -€105,853
- Depreciation +€2,257
up €2,257 (+46.8%), from €4,818 to €7,075
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €234,127 | €110,733 | -€123,395 | -52.7% |
| Fixed assets | 21/28 | €24,333 | €26,587 | +€2,254 | +9.3% |
| Tangible fixed assets | 22/27 | €24,333 | €26,587 | +€2,254 | +9.3% |
| Plant, machinery and equipment | 23 | €3,461 | €1,857 | -€1,604 | -46.3% |
| Furniture and vehicles | 24 | €20,872 | €24,730 | +€3,858 | +18.5% |
| Current assets | 29/58 | €209,794 | €84,145 | -€125,649 | -59.9% |
| Amounts receivable within one year | 40/41 | €11,827 | €4,657 | -€7,170 | -60.6% |
| Trade receivables | 40 | €8,359 | €3,703 | -€4,656 | -55.7% |
| Other amounts receivable | 41 | €3,468 | €953 | -€2,514 | -72.5% |
| Cash at bank and in hand | 54/58 | €196,033 | €77,985 | -€118,049 | -60.2% |
| Deferred charges and accrued income | 490/1 | €1,934 | €1,504 | -€430 | -22.2% |
| Total equity and liabilities | 10/49 | €234,127 | €110,733 | -€123,395 | -52.7% |
| Equity | 10/15 | €197,857 | €78,476 | -€119,381 | -60.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €179,257 | €59,876 | -€119,381 | -66.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €177,397 | €58,016 | -€119,381 | -67.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €36,270 | €32,256 | -€4,014 | -11.1% |
| Amounts payable within one year | 42/48 | €36,225 | €32,256 | -€3,968 | -11.0% |
| Trade debts | 44 | €12,159 | €12,205 | +€47 | +0.4% |
| Suppliers | 440/4 | €12,159 | €12,205 | +€47 | +0.4% |
| Advances received on contracts in progress | 46 | €1,100 | €232 | -€867 | -78.9% |
| Taxes, remuneration and social security | 45 | €22,239 | €495 | -€21,744 | -97.8% |
| Taxes | 450/3 | €22,239 | €495 | -€21,744 | -97.8% |
| Other amounts payable | 47/48 | €727 | €19,324 | +€18,596 | +2,557% |
| Accrued charges and deferred income | 492/3 | €45 | €0 | -€45 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,818 | €7,075 | +€2,257 | +46.8% |
| Other operating charges | 640/8 | €5,556 | €5,077 | -€479 | -8.6% |
| Gross operating margin | 9900 | -€110,778 | -€105,853 | +€4,925 | +4.4% |
| Operating profit (loss) | 9901 | -€121,151 | -€118,004 | +€3,147 | +2.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -88.9% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -88.9% |
| Financial charges | 65/66B | €1,117 | €1,186 | +€69 | +6.1% |
| Recurring financial charges | 65 | €1,117 | €1,186 | +€69 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | -€122,268 | -€119,190 | +€3,078 | +2.5% |
| Income taxes | 67/77 | €204 | €192 | -€13 | -6.2% |
| Profit (loss) for the period | 9904 | -€122,472 | -€119,381 | +€3,091 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€122,472 | -€119,381 | +€3,091 | +2.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.