KREAX: 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.
What changed
KREAX
NACE 47.400, Retail sale of information and communication equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€14,201
2024 · €159,636-€145,434
Equity
€275,732
2024 · €314,530-€38,798
Cash
€102,149
2024 · €104,511-€2,362
Balance sheet total
€338,897
2024 · €344,586-€5,688
Largest movements
Assets
- Current investments -€102,258
down €102,258 (-51.1%), from €200,000 to €97,742
- Receivables after one year +€100,000
new in 2025: €100,000
Equity and liabilities
- Reserves -€38,798
down €38,798 (-15.0%), from €257,982 to €219,183
of which Distributable reserves: -€36,289
- Other debts +€28,790
up €28,790 (+121%), from €23,805 to €52,595
Income statement
- Financial income -€154,261
down €154,261 (-96.3%), from €160,241 to €5,981
of which Financial income: -€101,229
- Taxes -€14,143
down €14,143 (-65.3%), from €21,643 to €7,500
- Financial charges +€4,402
up €4,402 (+1,559%), from €282 to €4,684
- Gross operating margin -€1,186
down €1,186 (-4.7%), from €25,128 to €23,942
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.
Result 2024
€159,636
Gross operating margin
-€1,186
Depreciation
+€200
Other operating charges
+€71
Financial income
-€154,261
Financial charges
-€4,402
Taxes
+€14,143
Result 2025
€14,201
raises the resultlowers the result
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.
From operations
-€51,621
Investment
+€102,258
Financing
-€52,999
Cash 2024
€104,511
From operations (derived)
-€51,621
Net result for the year
+€14,201
Depreciation
+€2,793
Receivables after one year
-€100,000
Receivables within one year
-€842
Deferred charges and accrued income
-€883
Provisions
-€170
Trade debts
+€2,338
Tax, wage and social debts
-€298
Other debts
+€28,790
Accrued charges and deferred income
+€2,450
Investment (derived)
+€102,258
Current investments
+€102,258
Financing
-€52,999
Contributions, distributions and other
-€52,999
Cash 2025
€102,149
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €344,586 | €338,897 | -€5,688 | -1.7% |
| Fixed assets | 21/28 | €18,949 | €16,155 | -€2,793 | -14.7% |
| Tangible fixed assets | 22/27 | €18,839 | €16,046 | -€2,793 | -14.8% |
| Plant, machinery and equipment | 23 | €783 | €577 | -€206 | -26.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €18,056 | €15,469 | -€2,587 | -14.3% |
| Financial fixed assets | 28 | €109 | €109 | = | 0.0% |
| Current assets | 29/58 | €325,637 | €322,742 | -€2,895 | -0.9% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Amounts receivable within one year | 40/41 | €19,643 | €20,485 | +€842 | +4.3% |
| Trade receivables | 40 | €15,656 | €15,753 | +€96 | +0.6% |
| Other amounts receivable | 41 | €3,987 | €4,733 | +€746 | +18.7% |
| Current investments | 50/53 | €200,000 | €97,742 | -€102,258 | -51.1% |
| Cash at bank and in hand | 54/58 | €104,511 | €102,149 | -€2,362 | -2.3% |
| Deferred charges and accrued income | 490/1 | €1,483 | €2,366 | +€883 | +59.6% |
| Total equity and liabilities | 10/49 | €344,586 | €338,897 | -€5,688 | -1.7% |
| Equity | 10/15 | €314,530 | €275,732 | -€38,798 | -12.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €257,982 | €219,183 | -€38,798 | -15.0% |
| Non-distributable reserves | 130/1 | €2,000 | €0 | -€2,000 | -100% |
| Other | 1319 | €2,000 | €0 | -€2,000 | -100% |
| Tax-exempt reserves | 132 | €1,527 | €1,018 | -€509 | -33.3% |
| Distributable reserves | 133 | €254,454 | €218,165 | -€36,289 | -14.3% |
| Profit (loss) carried forward | 14 | €41,549 | €41,549 | = | 0.0% |
| Provisions and deferred taxes | 16 | €509 | €339 | -€170 | -33.3% |
| Deferred taxes | 168 | €509 | €339 | -€170 | -33.3% |
| Amounts payable | 17/49 | €29,546 | €62,826 | +€33,279 | +113% |
| Amounts payable within one year | 42/48 | €28,507 | €59,337 | +€30,830 | +108% |
| Trade debts | 44 | €2,594 | €4,932 | +€2,338 | +90.1% |
| Suppliers | 440/4 | €2,594 | €4,932 | +€2,338 | +90.1% |
| Taxes, remuneration and social security | 45 | €2,108 | €1,810 | -€298 | -14.1% |
| Taxes | 450/3 | €2,108 | €1,810 | -€298 | -14.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €23,805 | €52,595 | +€28,790 | +121% |
| Accrued charges and deferred income | 492/3 | €1,039 | €3,489 | +€2,450 | +236% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,994 | €2,793 | -€200 | -6.7% |
| Other operating charges | 640/8 | €985 | €914 | -€71 | -7.2% |
| Gross operating margin | 9900 | €25,128 | €23,942 | -€1,186 | -4.7% |
| Operating profit (loss) | 9901 | €21,150 | €20,235 | -€915 | -4.3% |
| Financial income | 75/76B | €160,241 | €5,981 | -€154,261 | -96.3% |
| Recurring financial income | 75 | €107,210 | €5,981 | -€101,229 | -94.4% |
| Non-recurring financial income | 76B | €53,031 | €0 | -€53,031 | -100% |
| Financial charges | 65/66B | €282 | €4,684 | +€4,402 | +1,559% |
| Recurring financial charges | 65 | €282 | €4,684 | +€4,402 | +1,559% |
| Profit (loss) for the period before taxes | 9903 | €181,109 | €21,532 | -€159,577 | -88.1% |
| Transfer from deferred taxes | 780 | €170 | €170 | = | 0.0% |
| Income taxes | 67/77 | €21,643 | €7,500 | -€14,143 | -65.3% |
| Profit (loss) for the period | 9904 | €159,636 | €14,201 | -€145,434 | -91.1% |
| Transfer from tax-exempt reserves | 789 | €509 | €509 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €160,145 | €14,710 | -€145,434 | -90.8% |
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 24 October 2026 via checked.be.