KREADIS CONCEPT: 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.
KREADIS CONCEPT
Largest movements
- Receivables within one year -€83,438
down €83,438 (-37.3%), from €223,781 to €140,343
of which Trade receivables: -€93,158
- Cash +€76,007
up €76,007 (+164.7%), from €46,136 to €122,143
mainly Receivables within one year (+€83,438) and Depreciation (+€37,604)
- Tangible fixed assets -€35,661
down €35,661 (-29.1%), from €122,537 to €86,876
of which Plant, machinery and equipment: -€25,456
- Deferred charges and accrued income -€8,843
down €8,843 (-50.8%), from €17,408 to €8,565
- Trade debts -€41,158
down €41,158 (-54.2%), from €75,946 to €34,788
- Advances received +€24,756
up €24,756 (+48.2%), from €51,347 to €76,103
- Debts after one year -€15,436
down €15,436 (-40.8%), from €37,858 to €22,422
- Tax, wage and social debts -€15,001
down €15,001 (-42.9%), from €35,004 to €20,003
of which Taxes: -€14,120
- Profit (loss) carried forward -€9,415
down €9,415 (-4.9%), from €191,704 to €182,289
- Gross operating margin -€57,256
down €57,256 (-23.0%), from €249,041 to €191,785
- Staff costs -€12,791
down €12,791 (-7.3%), from €175,542 to €162,751
- Taxes -€7,141
down €7,141 (-97.2%), from €7,348 to €207
- Financial income +€6,610
up €6,610 (+229.0%), from €2,887 to €9,497
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 | €477,411 | €420,462 | -€56,949 | -11.9% |
| Fixed assets | 21/28 | €127,970 | €90,366 | -€37,604 | -29.4% |
| Intangible fixed assets | 21 | €5,433 | €3,490 | -€1,943 | -35.8% |
| Tangible fixed assets | 22/27 | €122,537 | €86,876 | -€35,661 | -29.1% |
| Plant, machinery and equipment | 23 | €59,425 | €33,969 | -€25,456 | -42.8% |
| Furniture and vehicles | 24 | €5,565 | €2,085 | -€3,480 | -62.5% |
| Other tangible fixed assets | 26 | €57,547 | €50,822 | -€6,725 | -11.7% |
| Current assets | 29/58 | €349,441 | €330,096 | -€19,345 | -5.5% |
| Stocks and contracts in progress | 3 | €62,116 | €59,045 | -€3,071 | -4.9% |
| Stocks | 30/36 | €57,473 | €51,895 | -€5,578 | -9.7% |
| Contracts in progress | 37 | €4,643 | €7,150 | +€2,507 | +54.0% |
| Amounts receivable within one year | 40/41 | €223,781 | €140,343 | -€83,438 | -37.3% |
| Trade receivables | 40 | €221,056 | €127,898 | -€93,158 | -42.1% |
| Other amounts receivable | 41 | €2,725 | €12,445 | +€9,720 | +356.7% |
| Cash at bank and in hand | 54/58 | €46,136 | €122,143 | +€76,007 | +164.7% |
| Deferred charges and accrued income | 490/1 | €17,408 | €8,565 | -€8,843 | -50.8% |
| Total equity and liabilities | 10/49 | €477,411 | €420,462 | -€56,949 | -11.9% |
| Equity | 10/15 | €257,451 | €248,036 | -€9,415 | -3.7% |
| Contributions | 10/11 | €65,225 | €65,225 | = | 0.0% |
| Reserves | 13 | €522 | €522 | = | 0.0% |
| Non-distributable reserves | 130/1 | €522 | €522 | = | 0.0% |
| Reserves not available under the articles | 1311 | €522 | €522 | = | 0.0% |
| Profit (loss) carried forward | 14 | €191,704 | €182,289 | -€9,415 | -4.9% |
| Amounts payable | 17/49 | €219,960 | €172,426 | -€47,534 | -21.6% |
| Amounts payable after more than one year | 17 | €37,858 | €22,422 | -€15,436 | -40.8% |
| Financial debts | 170/4 | €37,858 | €22,422 | -€15,436 | -40.8% |
| Amounts payable within one year | 42/48 | €181,987 | €148,072 | -€33,915 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €19,690 | €17,117 | -€2,573 | -13.1% |
| Trade debts | 44 | €75,946 | €34,788 | -€41,158 | -54.2% |
| Suppliers | 440/4 | €75,946 | €34,788 | -€41,158 | -54.2% |
| Advances received on contracts in progress | 46 | €51,347 | €76,103 | +€24,756 | +48.2% |
| Taxes, remuneration and social security | 45 | €35,004 | €20,003 | -€15,001 | -42.9% |
| Taxes | 450/3 | €18,299 | €4,179 | -€14,120 | -77.2% |
| Remuneration and social security | 454/9 | €16,705 | €15,824 | -€881 | -5.3% |
| Other amounts payable | 47/48 | - | €61 | +€61 | |
| Accrued charges and deferred income | 492/3 | €115 | €1,932 | +€1,817 | +1580.0% |
| Remuneration, social security and pensions | 62 | €175,542 | €162,751 | -€12,791 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,386 | €37,604 | -€782 | -2.0% |
| Other operating charges | 640/8 | €3,708 | €3,505 | -€203 | -5.5% |
| Gross operating margin | 9900 | €249,041 | €191,785 | -€57,256 | -23.0% |
| Operating profit (loss) | 9901 | €31,405 | -€12,075 | -€43,480 | |
| Financial income | 75/76B | €2,887 | €9,497 | +€6,610 | +229.0% |
| Recurring financial income | 75 | €2,887 | €9,497 | +€6,610 | +229.0% |
| Financial charges | 65/66B | €7,606 | €6,630 | -€976 | -12.8% |
| Recurring financial charges | 65 | €7,606 | €6,630 | -€976 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €26,686 | -€9,208 | -€35,894 | |
| Income taxes | 67/77 | €7,348 | €207 | -€7,141 | -97.2% |
| Profit (loss) for the period | 9904 | €19,338 | -€9,415 | -€28,753 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,338 | -€9,415 | -€28,753 |
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 3 October 2026 via checked.be.