KREDSS: 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.
KREDSS
Largest movements
- Tangible fixed assets -€17,966
down €17,966 (-24.7%), from €72,846 to €54,880
of which Furniture and vehicles: -€17,633
- Receivables within one year -€2,768
down €2,768 (-12.6%), from €22,013 to €19,245
of which Trade receivables: -€3,812
- Debts after one year -€10,051
down €10,051 (-9.2%), from €109,560 to €99,509
of which Financial debts: -€10,051
- Accrued charges and deferred income -€5,887
down €5,887 (-74.6%), from €7,887 to €2,000
- Profit (loss) carried forward -€3,208
down €3,208 (-3.1%), from -€103,061 to -€106,269
- Trade debts +€3,083
up €3,083 (+65.1%), from €4,738 to €7,821
- Advances received -€2,174
down €2,174 (-48.3%), from €4,503 to €2,328
- Gross operating margin -€20,253
down €20,253 (-49.0%), from €41,360 to €21,108
- Taxes -€2,348
down €2,348 (-59.7%), from €3,934 to €1,587
- Depreciation +€592
up €592 (+2.9%), from €20,086 to €20,678
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 | €173,302 | €153,531 | -€19,770 | -11.4% |
| Fixed assets | 21/28 | €72,846 | €54,880 | -€17,966 | -24.7% |
| Tangible fixed assets | 22/27 | €72,846 | €54,880 | -€17,966 | -24.7% |
| Furniture and vehicles | 24 | €72,513 | €54,880 | -€17,633 | -24.3% |
| Other tangible fixed assets | 26 | €333 | - | -€333 | |
| Current assets | 29/58 | €100,456 | €98,651 | -€1,805 | -1.8% |
| Amounts receivable within one year | 40/41 | €22,013 | €19,245 | -€2,768 | -12.6% |
| Trade receivables | 40 | €9,502 | €5,690 | -€3,812 | -40.1% |
| Other amounts receivable | 41 | €12,510 | €13,555 | +€1,045 | +8.4% |
| Cash at bank and in hand | 54/58 | €76,069 | €76,868 | +€799 | +1.0% |
| Deferred charges and accrued income | 490/1 | €2,374 | €2,538 | +€164 | +6.9% |
| Total equity and liabilities | 10/49 | €173,302 | €153,531 | -€19,770 | -11.4% |
| Equity | 10/15 | €9,339 | €6,131 | -€3,208 | -34.3% |
| Contributions | 10/11 | €112,400 | €112,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€103,061 | -€106,269 | -€3,208 | -3.1% |
| Amounts payable | 17/49 | €163,963 | €147,400 | -€16,563 | -10.1% |
| Amounts payable after more than one year | 17 | €109,560 | €99,509 | -€10,051 | -9.2% |
| Financial debts | 170/4 | €29,560 | €19,509 | -€10,051 | -34.0% |
| Other amounts payable | 178/9 | €80,000 | €80,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €46,516 | €45,891 | -€624 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €9,655 | €10,051 | +€396 | +4.1% |
| Trade debts | 44 | €4,738 | €7,821 | +€3,083 | +65.1% |
| Suppliers | 440/4 | €4,738 | €7,821 | +€3,083 | +65.1% |
| Advances received on contracts in progress | 46 | €4,503 | €2,328 | -€2,174 | -48.3% |
| Taxes, remuneration and social security | 45 | €579 | - | -€579 | |
| Taxes | 450/3 | €579 | - | -€579 | |
| Other amounts payable | 47/48 | €27,040 | €25,690 | -€1,350 | -5.0% |
| Accrued charges and deferred income | 492/3 | €7,887 | €2,000 | -€5,887 | -74.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,086 | €20,678 | +€592 | +2.9% |
| Other operating charges | 640/8 | €529 | €674 | +€146 | +27.6% |
| Non-recurring operating charges | 66A | €855 | €408 | -€447 | -52.3% |
| Gross operating margin | 9900 | €41,360 | €21,108 | -€20,253 | -49.0% |
| Operating profit (loss) | 9901 | €19,890 | -€653 | -€20,543 | |
| Financial income | 75/76B | €187 | €531 | +€344 | +183.7% |
| Recurring financial income | 75 | €187 | €531 | +€344 | +183.7% |
| Financial charges | 65/66B | €1,872 | €1,500 | -€372 | -19.9% |
| Recurring financial charges | 65 | €1,872 | €1,500 | -€372 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €18,206 | -€1,621 | -€19,827 | |
| Income taxes | 67/77 | €3,934 | €1,587 | -€2,348 | -59.7% |
| Profit (loss) for the period | 9904 | €14,272 | -€3,208 | -€17,480 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,272 | -€3,208 | -€17,480 |
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 29 September 2026 via checked.be.