Kreager: 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.
Kreager
Largest movements
- Financial fixed assets -€15,731
down €15,731 (-49.5%), from €31,780 to €16,049
- Cash +€7,782
up €7,782 (+330.8%), from €2,352 to €10,134
mainly Investment in fixed assets (net) (+€15,874) and Tax, wage and social debts (+€11,262)
- Receivables within one year -€4,130
down €4,130 (-100.0%), from €4,130 to €0
of which Other amounts receivable: -€4,013
- Stocks and contracts -€865
down €865 (-23.6%), from €3,663 to €2,798
- Tangible fixed assets -€739
down €739 (-60.6%), from €1,219 to €480
of which Plant, machinery and equipment: -€615
- Tax, wage and social debts +€11,262
up €11,262 (+266.4%), from €4,227 to €15,489
of which Remuneration and social security: +€6,675
- Other debts -€8,500
down €8,500 (-100.0%), from €8,500 to €0
- Profit (loss) carried forward -€7,207
new in 2025: -€7,207
- Trade debts -€7,172
down €7,172 (-58.7%), from €12,226 to €5,055
- Reserves -€1,875
down €1,875 (-100.0%), from €1,875 to €0
of which Non-distributable reserves: -€1,860
- Staff costs +€23,381
up €23,381 (+66.1%), from €35,351 to €58,733
- Taxes -€2,737
down €2,737 (-99.5%), from €2,751 to €15
- Gross operating margin +€2,519
up €2,519 (+5.2%), from €48,420 to €50,940
- Depreciation -€1,177
down €1,177 (-66.4%), from €1,773 to €596
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 | €45,910 | €32,356 | -€13,554 | -29.5% |
| Fixed assets | 21/28 | €32,999 | €16,529 | -€16,470 | -49.9% |
| Tangible fixed assets | 22/27 | €1,219 | €480 | -€739 | -60.6% |
| Plant, machinery and equipment | 23 | €1,095 | €480 | -€615 | -56.2% |
| Other tangible fixed assets | 26 | €124 | €0 | -€124 | -100.0% |
| Financial fixed assets | 28 | €31,780 | €16,049 | -€15,731 | -49.5% |
| Current assets | 29/58 | €12,912 | €15,827 | +€2,916 | +22.6% |
| Stocks and contracts in progress | 3 | €3,663 | €2,798 | -€865 | -23.6% |
| Stocks | 30/36 | €3,663 | €2,798 | -€865 | -23.6% |
| Amounts receivable within one year | 40/41 | €4,130 | €0 | -€4,130 | -100.0% |
| Trade receivables | 40 | €118 | €0 | -€118 | -100.0% |
| Other amounts receivable | 41 | €4,013 | €0 | -€4,013 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,352 | €10,134 | +€7,782 | +330.8% |
| Deferred charges and accrued income | 490/1 | €2,766 | €2,895 | +€129 | +4.7% |
| Total equity and liabilities | 10/49 | €45,910 | €32,356 | -€13,554 | -29.5% |
| Equity | 10/15 | €20,475 | €11,394 | -€9,081 | -44.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,875 | €0 | -€1,875 | -100.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €15 | €0 | -€15 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€7,207 | -€7,207 | |
| Amounts payable | 17/49 | €25,436 | €20,963 | -€4,473 | -17.6% |
| Amounts payable within one year | 42/48 | €24,953 | €20,543 | -€4,410 | -17.7% |
| Trade debts | 44 | €12,226 | €5,055 | -€7,172 | -58.7% |
| Suppliers | 440/4 | €12,226 | €5,055 | -€7,172 | -58.7% |
| Taxes, remuneration and social security | 45 | €4,227 | €15,489 | +€11,262 | +266.4% |
| Taxes | 450/3 | €589 | €5,176 | +€4,587 | +779.4% |
| Remuneration and social security | 454/9 | €3,638 | €10,313 | +€6,675 | +183.5% |
| Other amounts payable | 47/48 | €8,500 | €0 | -€8,500 | -100.0% |
| Accrued charges and deferred income | 492/3 | €482 | €419 | -€63 | -13.0% |
| Remuneration, social security and pensions | 62 | €35,351 | €58,733 | +€23,381 | +66.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,773 | €596 | -€1,177 | -66.4% |
| Other operating charges | 640/8 | €525 | €540 | +€15 | +2.8% |
| Gross operating margin | 9900 | €48,420 | €50,940 | +€2,519 | +5.2% |
| Operating profit (loss) | 9901 | €10,771 | -€8,928 | -€19,699 | |
| Financial income | 75/76B | €234 | €99 | -€135 | -57.7% |
| Recurring financial income | 75 | €234 | €99 | -€135 | -57.7% |
| Financial charges | 65/66B | €275 | €237 | -€38 | -13.7% |
| Recurring financial charges | 65 | €275 | €237 | -€38 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €10,730 | -€9,067 | -€19,797 | |
| Income taxes | 67/77 | €2,751 | €15 | -€2,737 | -99.5% |
| Profit (loss) for the period | 9904 | €7,979 | -€9,081 | -€17,060 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,979 | -€9,081 | -€17,060 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.