Krebe: what changed
Two fiscal 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.
Krebe
Largest movements
- Financial fixed assets +€52,586
up €52,586 (+68.6%), from €76,671 to €129,257
- Receivables within one year +€3,313
up €3,313 (+211.3%), from €1,568 to €4,880
of which Other amounts receivable: +€3,037
- Cash +€2,619
up €2,619 (+58.7%), from €4,459 to €7,078
mainly Net result for the year (+€45,531) and Short-term financial debts (+€8,500)
- Tangible fixed assets +€1,829
up €1,829 (+20.8%), from €8,812 to €10,641
of which Other tangible fixed assets: +€1,941
- Reserves +€45,531
up €45,531 (+107.8%), from €42,237 to €87,768
- Short-term financial debts +€8,500
up €8,500 (+113.3%), from €7,500 to €16,000
- Trade debts +€3,316
up €3,316 (+258.3%), from €1,284 to €4,600
- Tax, wage and social debts +€1,887
up €1,887 (+6.6%), from €28,500 to €30,387
of which Taxes: +€1,306
- Gross operating margin +€18,718
up €18,718 (+10.4%), from €180,491 to €199,209
- Staff costs +€13,118
up €13,118 (+10.5%), from €124,748 to €137,866
- Taxes +€4,462
up €4,462 (+41.5%), from €10,764 to €15,226
- Other operating charges -€3,567
down €3,567 (-79.5%), from €4,486 to €919
- Financial income +€2,948
up €2,948 (+577.4%), from €511 to €3,459
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.
Cash bridge derived
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 | €98,230 | €157,625 | +€59,395 | +60.5% |
| Fixed assets | 21/28 | €85,483 | €139,898 | +€54,415 | +63.7% |
| Tangible fixed assets | 22/27 | €8,812 | €10,641 | +€1,829 | +20.8% |
| Plant, machinery and equipment | 23 | €1,214 | €1,102 | -€112 | -9.3% |
| Other tangible fixed assets | 26 | €7,598 | €9,539 | +€1,941 | +25.5% |
| Financial fixed assets | 28 | €76,671 | €129,257 | +€52,586 | +68.6% |
| Current assets | 29/58 | €12,747 | €17,727 | +€4,980 | +39.1% |
| Stocks and contracts in progress | 3 | €4,858 | €3,890 | -€968 | -19.9% |
| Stocks | 30/36 | €4,858 | €3,890 | -€968 | -19.9% |
| Amounts receivable within one year | 40/41 | €1,568 | €4,880 | +€3,313 | +211.3% |
| Trade receivables | 40 | €780 | €1,056 | +€276 | +35.4% |
| Other amounts receivable | 41 | €787 | €3,824 | +€3,037 | +385.7% |
| Cash at bank and in hand | 54/58 | €4,459 | €7,078 | +€2,619 | +58.7% |
| Deferred charges and accrued income | 490/1 | €1,863 | €1,878 | +€16 | +0.8% |
| Total equity and liabilities | 10/49 | €98,230 | €157,625 | +€59,395 | +60.5% |
| Equity | 10/15 | €60,837 | €106,368 | +€45,531 | +74.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,237 | €87,768 | +€45,531 | +107.8% |
| Distributable reserves | 133 | €42,237 | €87,768 | +€45,531 | +107.8% |
| Amounts payable | 17/49 | €37,393 | €51,257 | +€13,864 | +37.1% |
| Amounts payable within one year | 42/48 | €37,284 | €50,987 | +€13,703 | +36.8% |
| Financial debts | 43 | €7,500 | €16,000 | +€8,500 | +113.3% |
| Other loans | 439 | €7,500 | €16,000 | +€8,500 | +113.3% |
| Trade debts | 44 | €1,284 | €4,600 | +€3,316 | +258.3% |
| Suppliers | 440/4 | €1,284 | €4,600 | +€3,316 | +258.3% |
| Taxes, remuneration and social security | 45 | €28,500 | €30,387 | +€1,887 | +6.6% |
| Taxes | 450/3 | €14,761 | €16,067 | +€1,306 | +8.8% |
| Remuneration and social security | 454/9 | €13,739 | €14,320 | +€581 | +4.2% |
| Accrued charges and deferred income | 492/3 | €110 | €270 | +€160 | +146.2% |
| Remuneration, social security and pensions | 62 | €124,748 | €137,866 | +€13,118 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,137 | €2,268 | +€1,131 | +99.5% |
| Other operating charges | 640/8 | €4,486 | €919 | -€3,567 | -79.5% |
| Non-recurring operating charges | 66A | - | €198 | +€198 | |
| Gross operating margin | 9900 | €180,491 | €199,209 | +€18,718 | +10.4% |
| Operating profit (loss) | 9901 | €50,121 | €57,958 | +€7,838 | +15.6% |
| Financial income | 75/76B | €511 | €3,459 | +€2,948 | +577.4% |
| Recurring financial income | 75 | €511 | €3,459 | +€2,948 | +577.4% |
| Financial charges | 65/66B | €428 | €660 | +€232 | +54.3% |
| Recurring financial charges | 65 | €428 | €660 | +€232 | +54.3% |
| Profit (loss) for the period before taxes | 9903 | €50,204 | €60,757 | +€10,554 | +21.0% |
| Income taxes | 67/77 | €10,764 | €15,226 | +€4,462 | +41.5% |
| Profit (loss) for the period | 9904 | €39,439 | €45,531 | +€6,092 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,439 | €45,531 | +€6,092 | +15.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.