KREATOS IMMO: 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.
KREATOS IMMO
Largest movements
- Tangible fixed assets +€257,463
up €257,463 (+22.1%), from €1.2m to €1.4m
- Cash -€139,984
down €139,984 (-81.3%), from €172,157 to €32,173
mainly Investment in fixed assets (net) (-€347,853) and Debts after one year (-€83,851)
- Receivables after one year -€91,015
down €91,015 (-18.1%), from €501,955 to €410,940
- Receivables within one year +€35,669
up €35,669 (+23.6%), from €150,849 to €186,519
of which Trade receivables: +€42,674
- Short-term financial debts +€207,391
up €207,391 (+406%), from €51,104 to €258,494
of which Credit institutions: +€250,000
- Debts after one year -€83,851
down €83,851 (-14.3%), from €586,217 to €502,366
of which Financial debts: -€83,851
- Trade debts -€65,690
down €65,690 (-55.9%), from €117,458 to €51,768
- Other debts +€36,675
up €36,675 (+29.7%), from €123,316 to €159,991
- Gross operating margin +€33,561
up €33,561 (+44.6%), from €75,243 to €108,804
- Other operating charges +€15,921
up €15,921 (+209%), from €7,604 to €23,525
- Taxes +€7,090
up €7,090 (+70.1%), from €10,108 to €17,198
- Depreciation -€4,694
down €4,694 (-5.3%), from €88,036 to €83,343
- Financial income -€1,500
down €1,500 (-5.6%), from €26,922 to €25,423
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 | €2,898,826 | €2,967,994 | +€69,168 | +2.4% |
| Fixed assets | 21/28 | €2,073,666 | €2,338,176 | +€264,510 | +12.8% |
| Tangible fixed assets | 22/27 | €1,164,332 | €1,421,794 | +€257,463 | +22.1% |
| Land and buildings | 22 | €1,164,332 | €1,421,794 | +€257,463 | +22.1% |
| Financial fixed assets | 28 | €909,334 | €916,382 | +€7,048 | +0.8% |
| Current assets | 29/58 | €825,160 | €629,818 | -€195,342 | -23.7% |
| Amounts receivable after more than one year | 29 | €501,955 | €410,940 | -€91,015 | -18.1% |
| Other amounts receivable | 291 | €501,955 | €410,940 | -€91,015 | -18.1% |
| Amounts receivable within one year | 40/41 | €150,849 | €186,519 | +€35,669 | +23.6% |
| Trade receivables | 40 | €9,834 | €52,508 | +€42,674 | +434% |
| Other amounts receivable | 41 | €141,015 | €134,010 | -€7,005 | -5.0% |
| Cash at bank and in hand | 54/58 | €172,157 | €32,173 | -€139,984 | -81.3% |
| Deferred charges and accrued income | 490/1 | €198 | €186 | -€12 | -6.0% |
| Total equity and liabilities | 10/49 | €2,898,826 | €2,967,994 | +€69,168 | +2.4% |
| Equity | 10/15 | €1,766,962 | €1,762,716 | -€4,246 | -0.2% |
| Contributions | 10/11 | €152,000 | €152,000 | = | 0.0% |
| Reserves | 13 | €1,614,962 | €1,610,716 | -€4,246 | -0.3% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €605,232 | €566,238 | -€38,994 | -6.4% |
| Distributable reserves | 133 | €989,730 | €1,024,478 | +€34,748 | +3.5% |
| Provisions and deferred taxes | 16 | €201,744 | €188,746 | -€12,998 | -6.4% |
| Deferred taxes | 168 | €201,744 | €188,746 | -€12,998 | -6.4% |
| Amounts payable | 17/49 | €930,120 | €1,016,532 | +€86,412 | +9.3% |
| Amounts payable after more than one year | 17 | €586,217 | €502,366 | -€83,851 | -14.3% |
| Financial debts | 170/4 | €583,900 | €500,049 | -€83,851 | -14.4% |
| Other amounts payable | 178/9 | €2,316 | €2,316 | = | 0.0% |
| Amounts payable within one year | 42/48 | €340,954 | €512,567 | +€171,613 | +50.3% |
| Current portion of amounts payable after more than one year | 42 | €49,040 | €42,276 | -€6,764 | -13.8% |
| Financial debts | 43 | €51,104 | €258,494 | +€207,391 | +406% |
| Credit institutions | 430/8 | - | €250,000 | +€250,000 | |
| Other loans | 439 | €51,104 | €8,494 | -€42,609 | -83.4% |
| Trade debts | 44 | €117,458 | €51,768 | -€65,690 | -55.9% |
| Suppliers | 440/4 | €117,458 | €51,768 | -€65,690 | -55.9% |
| Taxes, remuneration and social security | 45 | €37 | €37 | = | 0.0% |
| Taxes | 450/3 | €37 | €37 | = | 0.0% |
| Other amounts payable | 47/48 | €123,316 | €159,991 | +€36,675 | +29.7% |
| Accrued charges and deferred income | 492/3 | €2,949 | €1,600 | -€1,349 | -45.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,036 | €83,343 | -€4,694 | -5.3% |
| Other operating charges | 640/8 | €7,604 | €23,525 | +€15,921 | +209% |
| Gross operating margin | 9900 | €75,243 | €108,804 | +€33,561 | +44.6% |
| Operating profit (loss) | 9901 | -€20,397 | €1,936 | +€22,333 | |
| Financial income | 75/76B | €26,922 | €25,423 | -€1,500 | -5.6% |
| Recurring financial income | 75 | €26,922 | €25,423 | -€1,500 | -5.6% |
| Financial charges | 65/66B | €27,141 | €27,405 | +€264 | +1.0% |
| Recurring financial charges | 65 | €27,141 | €27,405 | +€264 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | -€20,616 | -€46 | +€20,569 | +99.8% |
| Transfer from deferred taxes | 780 | €13,046 | €20,580 | +€7,534 | +57.7% |
| Transfer to deferred taxes | 680 | - | €7,582 | +€7,582 | |
| Income taxes | 67/77 | €10,108 | €17,198 | +€7,090 | +70.1% |
| Profit (loss) for the period | 9904 | -€17,677 | -€4,246 | +€13,431 | +76.0% |
| Transfer from tax-exempt reserves | 789 | €39,139 | €61,740 | +€22,602 | +57.7% |
| Transfer to tax-exempt reserves | 689 | - | €22,747 | +€22,747 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,461 | €34,748 | +€13,286 | +61.9% |
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 28 October 2026 via checked.be.