KREA: what changed
Two fiscal 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.
KREA
Largest movements
- Receivables within one year +€9,330
up €9,330 (+28.1%), from €33,208 to €42,538
of which Trade receivables: +€9,531
- Tangible fixed assets -€7,367
down €7,367 (-22.2%), from €33,256 to €25,889
of which Plant, machinery and equipment: -€5,430
- Cash -€2,003
down €2,003 (-7.9%), from €25,510 to €23,507
mainly Receivables within one year (-€9,330) and Investment in fixed assets (net) (-€1,550)
- Reserves +€24,675
up €24,675 (+3260.1%), from €757 to €25,432
of which Distributable reserves: +€24,675
- Profit (loss) carried forward -€23,809
down €23,809 (-100.0%), from €23,809 to €0
- Trade debts -€1,228
down €1,228 (-12.6%), from €9,736 to €8,507
- Tax, wage and social debts +€1,224
up €1,224 (+64.0%), from €1,911 to €3,135
- Other debts -€1,095
down €1,095 (-2.7%), from €40,880 to €39,785
- Other operating charges -€5,604
down €5,604 (-97.4%), from €5,754 to €150
- Gross operating margin -€5,243
down €5,243 (-33.2%), from €15,783 to €10,540
- Depreciation +€402
up €402 (+4.7%), from €8,515 to €8,917
- Financial charges -€258
down €258 (-40.6%), from €635 to €377
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.
Cash bridge derived
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 | €91,973 | €91,964 | -€9 | 0.0% |
| Fixed assets | 21/28 | €33,256 | €25,889 | -€7,367 | -22.2% |
| Tangible fixed assets | 22/27 | €33,256 | €25,889 | -€7,367 | -22.2% |
| Plant, machinery and equipment | 23 | €19,802 | €14,372 | -€5,430 | -27.4% |
| Furniture and vehicles | 24 | €1,142 | €744 | -€398 | -34.9% |
| Other tangible fixed assets | 26 | €12,312 | €10,773 | -€1,539 | -12.5% |
| Financial fixed assets | 28 | - | €0 | = | |
| Current assets | 29/58 | €58,717 | €66,075 | +€7,357 | +12.5% |
| Amounts receivable within one year | 40/41 | €33,208 | €42,538 | +€9,330 | +28.1% |
| Trade receivables | 40 | €31,532 | €41,063 | +€9,531 | +30.2% |
| Other amounts receivable | 41 | €1,675 | €1,475 | -€200 | -11.9% |
| Cash at bank and in hand | 54/58 | €25,510 | €23,507 | -€2,003 | -7.9% |
| Deferred charges and accrued income | 490/1 | - | €30 | +€30 | |
| Total equity and liabilities | 10/49 | €91,973 | €91,964 | -€9 | 0.0% |
| Equity | 10/15 | €39,446 | €40,312 | +€866 | +2.2% |
| Contributions | 10/11 | €14,880 | €14,880 | = | 0.0% |
| Reserves | 13 | €757 | €25,432 | +€24,675 | +3260.1% |
| Non-distributable reserves | 130/1 | €757 | €757 | = | 0.0% |
| Reserves not available under the articles | 1311 | €757 | - | -€757 | |
| Other | 1319 | - | €757 | +€757 | |
| Distributable reserves | 133 | - | €24,675 | +€24,675 | |
| Profit (loss) carried forward | 14 | €23,809 | €0 | -€23,809 | -100.0% |
| Amounts payable | 17/49 | €52,527 | €51,652 | -€875 | -1.7% |
| Amounts payable within one year | 42/48 | €52,527 | €51,652 | -€875 | -1.7% |
| Financial debts | 43 | - | €225 | +€225 | |
| Credit institutions | 430/8 | - | €225 | +€225 | |
| Trade debts | 44 | €9,736 | €8,507 | -€1,228 | -12.6% |
| Suppliers | 440/4 | €9,736 | €8,507 | -€1,228 | -12.6% |
| Taxes, remuneration and social security | 45 | €1,911 | €3,135 | +€1,224 | +64.0% |
| Taxes | 450/3 | €1,911 | €3,135 | +€1,224 | +64.0% |
| Other amounts payable | 47/48 | €40,880 | €39,785 | -€1,095 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,515 | €8,917 | +€402 | +4.7% |
| Other operating charges | 640/8 | €5,754 | €150 | -€5,604 | -97.4% |
| Gross operating margin | 9900 | €15,783 | €10,540 | -€5,243 | -33.2% |
| Operating profit (loss) | 9901 | €1,515 | €1,473 | -€41 | -2.7% |
| Financial income | 75/76B | €0 | €128 | +€128 | +38660.6% |
| Recurring financial income | 75 | €0 | €128 | +€128 | +38660.6% |
| Financial charges | 65/66B | €635 | €377 | -€258 | -40.6% |
| Recurring financial charges | 65 | €635 | €377 | -€258 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | €880 | €1,224 | +€344 | +39.1% |
| Income taxes | 67/77 | €439 | €358 | -€81 | -18.4% |
| Profit (loss) for the period | 9904 | €441 | €866 | +€425 | +96.3% |
| Profit (loss) for the period to be appropriated | 9905 | €441 | €866 | +€425 | +96.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.