KREDE: 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.
KREDE
Largest movements
- Financial fixed assets -€5,521
down €5,521 (-45.4%), from €12,172 to €6,651
- Cash +€3,863
up €3,863 (+14.7%), from €26,265 to €30,128
mainly Net result for the year (+€11,891) and Investment in fixed assets (net) (+€3,369)
- Receivables within one year +€1,234
up €1,234 (+115%), from €1,073 to €2,306
of which Other amounts receivable: +€1,429
- Stocks and contracts +€1,080
up €1,080 (+35.4%), from €3,052 to €4,132
- Tangible fixed assets +€510
up €510 (+13.3%), from €3,846 to €4,356
of which Plant, machinery and equipment: +€1,783
- Reserves +€11,891
up €11,891 (+115%), from €10,366 to €22,257
- Other debts -€8,500
no longer reported in 2025 (was €8,500)
- Tax, wage and social debts -€2,892
down €2,892 (-20.8%), from €13,900 to €11,007
of which Remuneration and social security: -€1,929
- Accrued charges and deferred income +€810
up €810 (+35.2%), from €2,303 to €3,113
- Staff costs +€13,828
up €13,828 (+13.2%), from €105,084 to €118,912
- Gross operating margin +€7,850
up €7,850 (+6.0%), from €130,559 to €138,409
- Taxes -€1,670
down €1,670 (-26.6%), from €6,281 to €4,611
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 | €47,129 | €48,585 | +€1,455 | +3.1% |
| Fixed assets | 21/28 | €16,018 | €11,007 | -€5,011 | -31.3% |
| Tangible fixed assets | 22/27 | €3,846 | €4,356 | +€510 | +13.3% |
| Plant, machinery and equipment | 23 | €265 | €2,048 | +€1,783 | +673% |
| Other tangible fixed assets | 26 | €3,581 | €2,308 | -€1,273 | -35.6% |
| Financial fixed assets | 28 | €12,172 | €6,651 | -€5,521 | -45.4% |
| Current assets | 29/58 | €31,112 | €37,578 | +€6,466 | +20.8% |
| Stocks and contracts in progress | 3 | €3,052 | €4,132 | +€1,080 | +35.4% |
| Stocks | 30/36 | €3,052 | €4,132 | +€1,080 | +35.4% |
| Amounts receivable within one year | 40/41 | €1,073 | €2,306 | +€1,234 | +115% |
| Trade receivables | 40 | €347 | €152 | -€195 | -56.3% |
| Other amounts receivable | 41 | €726 | €2,155 | +€1,429 | +197% |
| Cash at bank and in hand | 54/58 | €26,265 | €30,128 | +€3,863 | +14.7% |
| Deferred charges and accrued income | 490/1 | €722 | €1,011 | +€289 | +40.1% |
| Total equity and liabilities | 10/49 | €47,129 | €48,585 | +€1,455 | +3.1% |
| Equity | 10/15 | €16,566 | €28,457 | +€11,891 | +71.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,366 | €22,257 | +€11,891 | +115% |
| Distributable reserves | 133 | €10,366 | €22,257 | +€11,891 | +115% |
| Amounts payable | 17/49 | €30,563 | €20,128 | -€10,435 | -34.1% |
| Amounts payable within one year | 42/48 | €28,260 | €17,015 | -€11,245 | -39.8% |
| Trade debts | 44 | €5,860 | €6,008 | +€148 | +2.5% |
| Suppliers | 440/4 | €5,860 | €6,008 | +€148 | +2.5% |
| Taxes, remuneration and social security | 45 | €13,900 | €11,007 | -€2,892 | -20.8% |
| Taxes | 450/3 | €5,454 | €4,490 | -€964 | -17.7% |
| Remuneration and social security | 454/9 | €8,446 | €6,518 | -€1,929 | -22.8% |
| Other amounts payable | 47/48 | €8,500 | - | -€8,500 | |
| Accrued charges and deferred income | 492/3 | €2,303 | €3,113 | +€810 | +35.2% |
| Remuneration, social security and pensions | 62 | €105,084 | €118,912 | +€13,828 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,530 | €1,642 | +€112 | +7.3% |
| Other operating charges | 640/8 | €681 | €1,536 | +€855 | +126% |
| Gross operating margin | 9900 | €130,559 | €138,409 | +€7,850 | +6.0% |
| Operating profit (loss) | 9901 | €23,263 | €16,319 | -€6,944 | -29.9% |
| Financial income | 75/76B | €145 | €310 | +€165 | +114% |
| Recurring financial income | 75 | €145 | €310 | +€165 | +114% |
| Financial charges | 65/66B | €182 | €127 | -€55 | -30.1% |
| Recurring financial charges | 65 | €182 | €127 | -€55 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €23,226 | €16,502 | -€6,725 | -29.0% |
| Income taxes | 67/77 | €6,281 | €4,611 | -€1,670 | -26.6% |
| Profit (loss) for the period | 9904 | €16,945 | €11,891 | -€5,054 | -29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,945 | €11,891 | -€5,054 | -29.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.