De Kreukel: 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 Kreukel
Largest movements
- Cash +€50,510
up €50,510 (+25.5%), from €197,889 to €248,399
mainly Net result for the year (+€71,864) and Tax, wage and social debts (+€9,690)
- Tangible fixed assets +€39,484
up €39,484 (+11.3%), from €350,962 to €390,446
of which Land and buildings: +€40,707
- Receivables within one year -€6,843
down €6,843 (-23.9%), from €28,577 to €21,734
of which Other amounts receivable: -€9,957
- Reserves +€71,864
up €71,864 (+23.0%), from €311,900 to €383,764
of which Distributable reserves: +€71,864
- Tax, wage and social debts +€9,690
up €9,690 (+42.5%), from €22,782 to €32,472
of which Taxes: +€7,781
- Accrued charges and deferred income +€7,775
up €7,775 (+113%), from €6,867 to €14,642
- Gross operating margin +€176,715
up €176,715 (+151%), from €117,038 to €293,753
- Staff costs +€65,186
up €65,186 (+60.1%), from €108,466 to €173,653
- Taxes +€29,955
up €29,955, from €0 to €29,955
- Financial charges +€4,268
up €4,268 (+71.8%), from €5,944 to €10,212
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 | €578,640 | €662,458 | +€83,818 | +14.5% |
| Fixed assets | 21/28 | €350,962 | €390,446 | +€39,484 | +11.3% |
| Tangible fixed assets | 22/27 | €350,962 | €390,446 | +€39,484 | +11.3% |
| Land and buildings | 22 | €348,143 | €388,850 | +€40,707 | +11.7% |
| Plant, machinery and equipment | 23 | €2,186 | €1,457 | -€728 | -33.3% |
| Furniture and vehicles | 24 | €634 | €139 | -€495 | -78.1% |
| Current assets | 29/58 | €227,678 | €272,011 | +€44,334 | +19.5% |
| Amounts receivable within one year | 40/41 | €28,577 | €21,734 | -€6,843 | -23.9% |
| Trade receivables | 40 | €946 | €4,061 | +€3,114 | +329% |
| Other amounts receivable | 41 | €27,630 | €17,673 | -€9,957 | -36.0% |
| Cash at bank and in hand | 54/58 | €197,889 | €248,399 | +€50,510 | +25.5% |
| Deferred charges and accrued income | 490/1 | €1,213 | €1,879 | +€666 | +54.9% |
| Total equity and liabilities | 10/49 | €578,640 | €662,458 | +€83,818 | +14.5% |
| Equity | 10/15 | €428,620 | €500,484 | +€71,864 | +16.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Revaluation surpluses | 12 | €91,721 | €91,721 | = | 0.0% |
| Reserves | 13 | €311,900 | €383,764 | +€71,864 | +23.0% |
| Tax-exempt reserves | 132 | €75,769 | €75,769 | = | 0.0% |
| Distributable reserves | 133 | €236,131 | €307,995 | +€71,864 | +30.4% |
| Amounts payable | 17/49 | €150,019 | €161,974 | +€11,954 | +8.0% |
| Amounts payable within one year | 42/48 | €143,153 | €147,332 | +€4,179 | +2.9% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €10,586 | €5,010 | -€5,576 | -52.7% |
| Suppliers | 440/4 | €10,586 | €5,010 | -€5,576 | -52.7% |
| Taxes, remuneration and social security | 45 | €22,782 | €32,472 | +€9,690 | +42.5% |
| Taxes | 450/3 | €6,579 | €14,360 | +€7,781 | +118% |
| Remuneration and social security | 454/9 | €16,203 | €18,112 | +€1,909 | +11.8% |
| Other amounts payable | 47/48 | €109,784 | €109,849 | +€65 | +0.1% |
| Accrued charges and deferred income | 492/3 | €6,867 | €14,642 | +€7,775 | +113% |
| Remuneration, social security and pensions | 62 | €108,466 | €173,653 | +€65,186 | +60.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,027 | €3,889 | +€1,862 | +91.8% |
| Other operating charges | 640/8 | €5,154 | €5,371 | +€217 | +4.2% |
| Non-recurring operating charges | 66A | €1,440 | - | -€1,440 | |
| Gross operating margin | 9900 | €117,038 | €293,753 | +€176,715 | +151% |
| Operating profit (loss) | 9901 | -€50 | €110,841 | +€110,890 | |
| Financial income | 75/76B | €946 | €1,191 | +€245 | +25.9% |
| Recurring financial income | 75 | €946 | €1,191 | +€245 | +25.9% |
| Financial charges | 65/66B | €5,944 | €10,212 | +€4,268 | +71.8% |
| Recurring financial charges | 65 | €5,944 | €10,212 | +€4,268 | +71.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,048 | €101,819 | +€106,867 | |
| Income taxes | 67/77 | €0 | €29,955 | +€29,955 | |
| Profit (loss) for the period | 9904 | -€5,048 | €71,864 | +€76,912 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,048 | €71,864 | +€76,912 |
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 22 October 2026 via checked.be.