Kreakap: 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.
Kreakap
Largest movements
- Receivables within one year +€21,305
up €21,305 (+8.4%), from €254,831 to €276,136
of which Other amounts receivable: +€82,091
- Tangible fixed assets -€4,888
down €4,888 (-81.4%), from €6,009 to €1,120
of which Furniture and vehicles: -€4,302
- Cash +€3,864
up €3,864 (+146%), from €2,642 to €6,505
mainly Trade debts (+€54,175) and Other debts (+€5,471)
- Trade debts +€54,175
up €54,175 (+49.8%), from €108,874 to €163,049
- Profit (loss) carried forward -€20,853
down €20,853, from €13,022 to -€7,831
- Tax, wage and social debts -€7,645
down €7,645 (-31.5%), from €24,266 to €16,620
of which Taxes: -€4,935
- Debts after one year -€7,246
down €7,246 (-75.2%), from €9,630 to €2,385
- Other debts +€5,471
up €5,471 (+310%), from €1,762 to €7,233
- Gross operating margin -€39,197
down €39,197 (-48.7%), from €80,546 to €41,349
- Staff costs -€11,372
down €11,372 (-18.4%), from €61,843 to €50,471
- Financial charges +€4,323
up €4,323 (+218%), from €1,981 to €6,305
- Taxes -€4,026
down €4,026 (-100%), from €4,026 to €0
- Other operating charges -€1,337
down €1,337 (-71.3%), from €1,875 to €538
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 | €270,224 | €290,391 | +€20,167 | +7.5% |
| Fixed assets | 21/28 | €8,709 | €3,820 | -€4,888 | -56.1% |
| Tangible fixed assets | 22/27 | €6,009 | €1,120 | -€4,888 | -81.4% |
| Plant, machinery and equipment | 23 | €1,707 | €1,120 | -€586 | -34.4% |
| Furniture and vehicles | 24 | €4,302 | €0 | -€4,302 | -100% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €261,515 | €286,571 | +€25,056 | +9.6% |
| Stocks and contracts in progress | 3 | €3,930 | €3,930 | = | 0.0% |
| Stocks | 30/36 | €3,930 | €3,930 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €254,831 | €276,136 | +€21,305 | +8.4% |
| Trade receivables | 40 | €61,983 | €1,197 | -€60,786 | -98.1% |
| Other amounts receivable | 41 | €192,847 | €274,938 | +€82,091 | +42.6% |
| Cash at bank and in hand | 54/58 | €2,642 | €6,505 | +€3,864 | +146% |
| Deferred charges and accrued income | 490/1 | €113 | €0 | -€113 | -100% |
| Total equity and liabilities | 10/49 | €270,224 | €290,391 | +€20,167 | +7.5% |
| Equity | 10/15 | €33,482 | €12,629 | -€20,853 | -62.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,022 | -€7,831 | -€20,853 | |
| Amounts payable | 17/49 | €236,741 | €277,762 | +€41,020 | +17.3% |
| Amounts payable after more than one year | 17 | €9,630 | €2,385 | -€7,246 | -75.2% |
| Financial debts | 170/4 | €9,630 | €2,385 | -€7,246 | -75.2% |
| Amounts payable within one year | 42/48 | €222,013 | €275,218 | +€53,206 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €10,881 | €7,246 | -€3,635 | -33.4% |
| Financial debts | 43 | - | €4,840 | +€4,840 | |
| Credit institutions | 430/8 | - | €4,840 | +€4,840 | |
| Trade debts | 44 | €108,874 | €163,049 | +€54,175 | +49.8% |
| Suppliers | 440/4 | €108,874 | €163,049 | +€54,175 | +49.8% |
| Advances received on contracts in progress | 46 | €76,230 | €76,230 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €24,266 | €16,620 | -€7,645 | -31.5% |
| Taxes | 450/3 | €15,621 | €10,686 | -€4,935 | -31.6% |
| Remuneration and social security | 454/9 | €8,645 | €5,934 | -€2,711 | -31.4% |
| Other amounts payable | 47/48 | €1,762 | €7,233 | +€5,471 | +310% |
| Accrued charges and deferred income | 492/3 | €5,098 | €159 | -€4,939 | -96.9% |
| Remuneration, social security and pensions | 62 | €61,843 | €50,471 | -€11,372 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,129 | €4,888 | -€1,240 | -20.2% |
| Other operating charges | 640/8 | €1,875 | €538 | -€1,337 | -71.3% |
| Gross operating margin | 9900 | €80,546 | €41,349 | -€39,197 | -48.7% |
| Operating profit (loss) | 9901 | €10,699 | -€14,548 | -€25,247 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,981 | €6,305 | +€4,323 | +218% |
| Recurring financial charges | 65 | €1,981 | €6,305 | +€4,323 | +218% |
| Profit (loss) for the period before taxes | 9903 | €8,718 | -€20,853 | -€29,571 | |
| Income taxes | 67/77 | €4,026 | €0 | -€4,026 | -100% |
| Profit (loss) for the period | 9904 | €4,692 | -€20,853 | -€25,545 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,692 | -€20,853 | -€25,545 |
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 17 October 2026 via checked.be.