KREAIEP: 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.
KREAIEP
Largest movements
- Receivables within one year +€13,710
up €13,710 (+54.8%), from €25,004 to €38,715
of which Other amounts receivable: +€17,087
- Tangible fixed assets +€3,105
up €3,105 (+98.1%), from €3,166 to €6,270
of which Other tangible fixed assets: +€4,180
- Cash -€2,299
down €2,299 (-7.2%), from €31,888 to €29,589
mainly Receivables within one year (-€13,710) and Investment in fixed assets (net) (-€4,485)
- Stocks and contracts -€1,625
down €1,625 (-29.0%), from €5,608 to €3,983
- Reserves +€12,297
up €12,297 (+275%), from €4,478 to €16,775
- Trade debts +€3,233
up €3,233 (+9.8%), from €32,930 to €36,163
- Tax, wage and social debts -€2,012
down €2,012 (-8.2%), from €24,518 to €22,507
of which Remuneration and social security: -€1,105
- Gross operating margin +€11,402
up €11,402 (+8.6%), from €133,020 to €144,422
- Staff costs -€1,762
down €1,762 (-1.3%), from €133,462 to €131,699
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 | €69,057 | €81,918 | +€12,861 | +18.6% |
| Fixed assets | 21/28 | €5,687 | €8,791 | +€3,105 | +54.6% |
| Tangible fixed assets | 22/27 | €3,166 | €6,270 | +€3,105 | +98.1% |
| Plant, machinery and equipment | 23 | €3,166 | €2,090 | -€1,076 | -34.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | - | €4,180 | +€4,180 | |
| Financial fixed assets | 28 | €2,521 | €2,521 | = | 0.0% |
| Current assets | 29/58 | €63,370 | €73,127 | +€9,757 | +15.4% |
| Stocks and contracts in progress | 3 | €5,608 | €3,983 | -€1,625 | -29.0% |
| Stocks | 30/36 | €5,608 | €3,983 | -€1,625 | -29.0% |
| Amounts receivable within one year | 40/41 | €25,004 | €38,715 | +€13,710 | +54.8% |
| Trade receivables | 40 | €5,673 | €2,296 | -€3,377 | -59.5% |
| Other amounts receivable | 41 | €19,332 | €36,419 | +€17,087 | +88.4% |
| Cash at bank and in hand | 54/58 | €31,888 | €29,589 | -€2,299 | -7.2% |
| Deferred charges and accrued income | 490/1 | €870 | €840 | -€30 | -3.4% |
| Total equity and liabilities | 10/49 | €69,057 | €81,918 | +€12,861 | +18.6% |
| Equity | 10/15 | €10,678 | €22,975 | +€12,297 | +115% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,478 | €16,775 | +€12,297 | +275% |
| Distributable reserves | 133 | €4,478 | €16,775 | +€12,297 | +275% |
| Amounts payable | 17/49 | €58,379 | €58,943 | +€565 | +1.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €57,449 | €58,670 | +€1,222 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €32,930 | €36,163 | +€3,233 | +9.8% |
| Suppliers | 440/4 | €32,930 | €36,163 | +€3,233 | +9.8% |
| Taxes, remuneration and social security | 45 | €24,518 | €22,507 | -€2,012 | -8.2% |
| Taxes | 450/3 | €9,935 | €9,027 | -€907 | -9.1% |
| Remuneration and social security | 454/9 | €14,584 | €13,479 | -€1,105 | -7.6% |
| Accrued charges and deferred income | 492/3 | €930 | €273 | -€657 | -70.6% |
| Remuneration, social security and pensions | 62 | €133,462 | €131,699 | -€1,762 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,076 | €1,380 | +€305 | +28.3% |
| Other operating charges | 640/8 | €614 | €159 | -€455 | -74.2% |
| Non-recurring operating charges | 66A | €974 | €0 | -€974 | -100% |
| Gross operating margin | 9900 | €133,020 | €144,422 | +€11,402 | +8.6% |
| Operating profit (loss) | 9901 | -€3,106 | €11,184 | +€14,290 | |
| Financial income | 75/76B | €795 | €1,400 | +€605 | +76.1% |
| Recurring financial income | 75 | €795 | €1,400 | +€605 | +76.1% |
| Financial charges | 65/66B | €996 | -€248 | -€1,244 | |
| Recurring financial charges | 65 | €996 | -€248 | -€1,244 | |
| Profit (loss) for the period before taxes | 9903 | -€3,307 | €12,832 | +€16,138 | |
| Income taxes | 67/77 | €44 | €535 | +€491 | +1,129% |
| Profit (loss) for the period | 9904 | -€3,350 | €12,297 | +€15,647 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,350 | €12,297 | +€15,647 |
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 23 October 2026 via checked.be.