DE KREMKERRE: 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.
DE KREMKERRE
Largest movements
- Tangible fixed assets +€264,282
up €264,282 (+671%), from €39,372 to €303,654
of which Land and buildings: +€275,513
- Cash -€40,085
down €40,085 (-44.8%), from €89,463 to €49,378
mainly Investment in fixed assets (net) (-€279,410) and Receivables within one year (-€10,578)
- Receivables within one year +€10,578
up €10,578 (+766%), from €1,381 to €11,959
of which Other amounts receivable: +€8,610
- Debts after one year +€189,836
up €189,836 (+886%), from €21,418 to €211,254
- Reserves +€30,430
up €30,430 (+44.9%), from €67,722 to €98,152
- Current portion of long-term debt +€8,201
up €8,201 (+91.7%), from €8,945 to €17,146
- Trade debts +€5,378
up €5,378 (+4,805%), from €112 to €5,490
- Gross operating margin +€4,702
up €4,702 (+8.5%), from €55,224 to €59,926
- Financial charges +€4,519
up €4,519 (+371%), from €1,217 to €5,736
- Taxes -€4,149
down €4,149 (-39.4%), from €10,520 to €6,371
- Other operating charges +€769
up €769 (+46.1%), from €1,667 to €2,437
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 | €134,992 | €369,995 | +€235,003 | +174% |
| Formation expenses | 20 | €321 | €71 | -€250 | -77.8% |
| Fixed assets | 21/28 | €39,613 | €303,745 | +€264,132 | +667% |
| Intangible fixed assets | 21 | €241 | €91 | -€150 | -62.3% |
| Tangible fixed assets | 22/27 | €39,372 | €303,654 | +€264,282 | +671% |
| Land and buildings | 22 | - | €275,513 | +€275,513 | |
| Plant, machinery and equipment | 23 | €30,138 | €24,652 | -€5,486 | -18.2% |
| Furniture and vehicles | 24 | €6,769 | €2,786 | -€3,983 | -58.8% |
| Other tangible fixed assets | 26 | €2,465 | €703 | -€1,762 | -71.5% |
| Current assets | 29/58 | €95,058 | €66,179 | -€28,879 | -30.4% |
| Stocks and contracts in progress | 3 | €2,239 | €2,020 | -€219 | -9.8% |
| Stocks | 30/36 | €2,239 | €2,020 | -€219 | -9.8% |
| Amounts receivable within one year | 40/41 | €1,381 | €11,959 | +€10,578 | +766% |
| Trade receivables | 40 | €0 | €1,968 | +€1,968 | |
| Other amounts receivable | 41 | €1,381 | €9,991 | +€8,610 | +623% |
| Cash at bank and in hand | 54/58 | €89,463 | €49,378 | -€40,085 | -44.8% |
| Deferred charges and accrued income | 490/1 | €1,974 | €2,822 | +€848 | +43.0% |
| Total equity and liabilities | 10/49 | €134,992 | €369,995 | +€235,003 | +174% |
| Equity | 10/15 | €99,722 | €130,152 | +€30,430 | +30.5% |
| Contributions | 10/11 | €32,000 | €32,000 | = | 0.0% |
| Reserves | 13 | €67,722 | €98,152 | +€30,430 | +44.9% |
| Distributable reserves | 133 | €67,722 | €98,152 | +€30,430 | +44.9% |
| Amounts payable | 17/49 | €35,270 | €239,843 | +€204,573 | +580% |
| Amounts payable after more than one year | 17 | €21,418 | €211,254 | +€189,836 | +886% |
| Financial debts | 170/4 | €21,418 | €211,254 | +€189,836 | +886% |
| Amounts payable within one year | 42/48 | €13,852 | €27,731 | +€13,879 | +100% |
| Current portion of amounts payable after more than one year | 42 | €8,945 | €17,146 | +€8,201 | +91.7% |
| Trade debts | 44 | €112 | €5,490 | +€5,378 | +4,805% |
| Suppliers | 440/4 | €112 | €5,490 | +€5,378 | +4,805% |
| Taxes, remuneration and social security | 45 | €2,770 | €3,050 | +€280 | +10.1% |
| Taxes | 450/3 | €2,770 | €3,050 | +€280 | +10.1% |
| Other amounts payable | 47/48 | €2,026 | €2,046 | +€19 | +1.0% |
| Accrued charges and deferred income | 492/3 | - | €858 | +€858 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,062 | €15,529 | +€466 | +3.1% |
| Other operating charges | 640/8 | €1,667 | €2,437 | +€769 | +46.1% |
| Gross operating margin | 9900 | €55,224 | €59,926 | +€4,702 | +8.5% |
| Operating profit (loss) | 9901 | €38,495 | €41,961 | +€3,467 | +9.0% |
| Financial income | 75/76B | €939 | €576 | -€363 | -38.7% |
| Recurring financial income | 75 | €939 | €576 | -€363 | -38.7% |
| Financial charges | 65/66B | €1,217 | €5,736 | +€4,519 | +371% |
| Recurring financial charges | 65 | €1,217 | €5,736 | +€4,519 | +371% |
| Profit (loss) for the period before taxes | 9903 | €38,216 | €36,801 | -€1,415 | -3.7% |
| Income taxes | 67/77 | €10,520 | €6,371 | -€4,149 | -39.4% |
| Profit (loss) for the period | 9904 | €27,695 | €30,430 | +€2,735 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,695 | €30,430 | +€2,735 | +9.9% |
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 19 October 2026 via checked.be.