Kreavet: 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.
Kreavet
Largest movements
- Cash -€207,833
down €207,833 (-33.9%), from €613,504 to €405,671
mainly Accrued charges and deferred income (-€317,802) and Receivables within one year (-€8,731)
- Receivables within one year +€8,731
up €8,731 (+28.2%), from €31,015 to €39,746
of which Trade receivables: +€4,650
- Intangible fixed assets -€7,716
down €7,716 (-41.9%), from €18,425 to €10,710
- Current investments +€7,500
up €7,500 (+31.0%), from €24,167 to €31,667
- Accrued charges and deferred income -€317,802
down €317,802 (-99.6%), from €318,942 to €1,140
- Profit (loss) carried forward +€115,596
up €115,596 (+36.2%), from €319,243 to €434,839
- Staff costs +€114,891
up €114,891 (+53.9%), from €213,226 to €328,117
- Gross operating margin +€87,967
up €87,967 (+23.3%), from €377,402 to €465,369
- Taxes -€30,153
down €30,153 (-96.3%), from €31,324 to €1,172
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 | €719,646 | €518,511 | -€201,135 | -27.9% |
| Fixed assets | 21/28 | €50,102 | €38,845 | -€11,257 | -22.5% |
| Intangible fixed assets | 21 | €18,425 | €10,710 | -€7,716 | -41.9% |
| Tangible fixed assets | 22/27 | €31,676 | €28,135 | -€3,541 | -11.2% |
| Land and buildings | 22 | €10,135 | €9,507 | -€629 | -6.2% |
| Plant, machinery and equipment | 23 | - | €2,046 | +€2,046 | |
| Furniture and vehicles | 24 | €12,382 | €8,918 | -€3,464 | -28.0% |
| Other tangible fixed assets | 26 | €9,159 | €7,665 | -€1,494 | -16.3% |
| Current assets | 29/58 | €669,544 | €479,666 | -€189,878 | -28.4% |
| Amounts receivable within one year | 40/41 | €31,015 | €39,746 | +€8,731 | +28.2% |
| Trade receivables | 40 | €7,576 | €12,226 | +€4,650 | +61.4% |
| Other amounts receivable | 41 | €23,439 | €27,520 | +€4,081 | +17.4% |
| Current investments | 50/53 | €24,167 | €31,667 | +€7,500 | +31.0% |
| Cash at bank and in hand | 54/58 | €613,504 | €405,671 | -€207,833 | -33.9% |
| Deferred charges and accrued income | 490/1 | €859 | €2,583 | +€1,724 | +201% |
| Total equity and liabilities | 10/49 | €719,646 | €518,511 | -€201,135 | -27.9% |
| Equity | 10/15 | €344,243 | €459,839 | +€115,596 | +33.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €319,243 | €434,839 | +€115,596 | +36.2% |
| Amounts payable | 17/49 | €375,403 | €58,672 | -€316,731 | -84.4% |
| Amounts payable within one year | 42/48 | €56,461 | €57,532 | +€1,071 | +1.9% |
| Trade debts | 44 | €11,584 | €10,690 | -€894 | -7.7% |
| Suppliers | 440/4 | €11,584 | €10,690 | -€894 | -7.7% |
| Taxes, remuneration and social security | 45 | €37,279 | €40,049 | +€2,770 | +7.4% |
| Taxes | 450/3 | €9,802 | €7,025 | -€2,777 | -28.3% |
| Remuneration and social security | 454/9 | €27,477 | €33,023 | +€5,547 | +20.2% |
| Other amounts payable | 47/48 | €7,598 | €6,793 | -€805 | -10.6% |
| Accrued charges and deferred income | 492/3 | €318,942 | €1,140 | -€317,802 | -99.6% |
| Remuneration, social security and pensions | 62 | €213,226 | €328,117 | +€114,891 | +53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,867 | €18,283 | +€2,416 | +15.2% |
| Other operating charges | 640/8 | €992 | €1,005 | +€13 | +1.3% |
| Gross operating margin | 9900 | €377,402 | €465,369 | +€87,967 | +23.3% |
| Operating profit (loss) | 9901 | €147,317 | €117,964 | -€29,353 | -19.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -96.6% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -96.6% |
| Financial charges | 65/66B | €1,571 | €1,197 | -€375 | -23.9% |
| Recurring financial charges | 65 | €1,571 | €1,197 | -€375 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €145,746 | €116,767 | -€28,979 | -19.9% |
| Income taxes | 67/77 | €31,324 | €1,172 | -€30,153 | -96.3% |
| Profit (loss) for the period | 9904 | €114,422 | €115,596 | +€1,174 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €114,422 | €115,596 | +€1,174 | +1.0% |
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 29 October 2026 via checked.be.