KREAVEL: 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.
KREAVEL
Largest movements
- Receivables within one year +€6,901
up €6,901 (+6.1%), from €113,545 to €120,445
of which Other amounts receivable: +€6,564
- Stocks and contracts +€1,671
up €1,671 (+34.8%), from €4,803 to €6,473
- Tax, wage and social debts -€44,959
down €44,959 (-75.3%), from €59,690 to €14,731
of which Remuneration and social security: -€30,658
- Trade debts +€31,965
up €31,965 (+42.8%), from €74,611 to €106,576
- Profit (loss) carried forward +€13,074
up €13,074, from -€13,074 to €0
- Reserves +€11,129
new in 2025: €11,129
- Current portion of long-term debt -€3,850
down €3,850 (-91.7%), from €4,200 to €350
- Gross operating margin -€61,853
down €61,853 (-50.7%), from €122,056 to €60,203
- Staff costs -€43,339
down €43,339 (-56.7%), from €76,475 to €33,136
- Other operating charges -€5,077
down €5,077 (-70.3%), from €7,224 to €2,148
- Financial charges -€4,530
down €4,530 (-68.8%), from €6,587 to €2,058
- Taxes +€3,456
up €3,456 (+1,289%), from €268 to €3,724
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 | €139,868 | €146,259 | +€6,391 | +4.6% |
| Fixed assets | 21/28 | €12,020 | €10,784 | -€1,236 | -10.3% |
| Tangible fixed assets | 22/27 | €6,170 | €4,934 | -€1,236 | -20.0% |
| Plant, machinery and equipment | 23 | €643 | €343 | -€300 | -46.6% |
| Other tangible fixed assets | 26 | €5,526 | €4,591 | -€936 | -16.9% |
| Financial fixed assets | 28 | €5,850 | €5,850 | = | 0.0% |
| Current assets | 29/58 | €127,849 | €135,475 | +€7,627 | +6.0% |
| Stocks and contracts in progress | 3 | €4,803 | €6,473 | +€1,671 | +34.8% |
| Stocks | 30/36 | €4,803 | €6,473 | +€1,671 | +34.8% |
| Amounts receivable within one year | 40/41 | €113,545 | €120,445 | +€6,901 | +6.1% |
| Trade receivables | 40 | €655 | €992 | +€337 | +51.4% |
| Other amounts receivable | 41 | €112,890 | €119,454 | +€6,564 | +5.8% |
| Cash at bank and in hand | 54/58 | €8,375 | €7,266 | -€1,109 | -13.2% |
| Deferred charges and accrued income | 490/1 | €1,127 | €1,290 | +€164 | +14.5% |
| Total equity and liabilities | 10/49 | €139,868 | €146,259 | +€6,391 | +4.6% |
| Equity | 10/15 | -€674 | €23,529 | +€24,203 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | - | €11,129 | +€11,129 | |
| Distributable reserves | 133 | - | €11,129 | +€11,129 | |
| Profit (loss) carried forward | 14 | -€13,074 | €0 | +€13,074 | |
| Amounts payable | 17/49 | €140,542 | €122,731 | -€17,812 | -12.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €138,501 | €121,657 | -€16,844 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €4,200 | €350 | -€3,850 | -91.7% |
| Trade debts | 44 | €74,611 | €106,576 | +€31,965 | +42.8% |
| Suppliers | 440/4 | €74,611 | €106,576 | +€31,965 | +42.8% |
| Taxes, remuneration and social security | 45 | €59,690 | €14,731 | -€44,959 | -75.3% |
| Taxes | 450/3 | €25,454 | €11,154 | -€14,301 | -56.2% |
| Remuneration and social security | 454/9 | €34,236 | €3,578 | -€30,658 | -89.5% |
| Accrued charges and deferred income | 492/3 | €2,042 | €1,074 | -€968 | -47.4% |
| Remuneration, social security and pensions | 62 | €76,475 | €33,136 | -€43,339 | -56.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €848 | €1,236 | +€387 | +45.6% |
| Other operating charges | 640/8 | €7,224 | €2,148 | -€5,077 | -70.3% |
| Gross operating margin | 9900 | €122,056 | €60,203 | -€61,853 | -50.7% |
| Operating profit (loss) | 9901 | €37,508 | €23,684 | -€13,824 | -36.9% |
| Financial income | 75/76B | €6,795 | €6,301 | -€495 | -7.3% |
| Recurring financial income | 75 | €6,795 | €6,301 | -€495 | -7.3% |
| Financial charges | 65/66B | €6,587 | €2,058 | -€4,530 | -68.8% |
| Recurring financial charges | 65 | €6,587 | €2,058 | -€4,530 | -68.8% |
| Profit (loss) for the period before taxes | 9903 | €37,716 | €27,927 | -€9,789 | -26.0% |
| Income taxes | 67/77 | €268 | €3,724 | +€3,456 | +1,289% |
| Profit (loss) for the period | 9904 | €37,448 | €24,203 | -€13,245 | -35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,448 | €24,203 | -€13,245 | -35.4% |
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 19 October 2026 via checked.be.