KREEM: 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.
KREEM
Largest movements
- Tangible fixed assets -€15,435
down €15,435 (-22.9%), from €67,445 to €52,010
of which Other tangible fixed assets: -€8,518
- Cash +€7,438
up €7,438 (+24.2%), from €30,757 to €38,195
mainly Net result for the year (+€29,624) and Depreciation (+€20,133)
- Receivables within one year +€1,880
up €1,880 (+239%), from €785 to €2,665
- Debts after one year -€33,486
down €33,486 (-72.0%), from €46,493 to €13,007
- Profit (loss) carried forward +€29,624
up €29,624 (+68.4%), from -€43,301 to -€13,677
- Current portion of long-term debt -€1,666
down €1,666 (-4.7%), from €35,152 to €33,486
- Staff costs -€6,941
down €6,941, from €6,907 to -€34
- Gross operating margin -€4,470
down €4,470 (-6.6%), from €67,395 to €62,925
- Other operating charges -€2,247
down €2,247 (-63.4%), from €3,546 to €1,300
- Financial charges -€879
down €879 (-34.7%), from €2,535 to €1,656
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 | €101,618 | €95,398 | -€6,220 | -6.1% |
| Fixed assets | 21/28 | €67,445 | €52,010 | -€15,435 | -22.9% |
| Tangible fixed assets | 22/27 | €67,445 | €52,010 | -€15,435 | -22.9% |
| Plant, machinery and equipment | 23 | €57,513 | €50,596 | -€6,917 | -12.0% |
| Other tangible fixed assets | 26 | €9,931 | €1,414 | -€8,518 | -85.8% |
| Current assets | 29/58 | €34,173 | €43,388 | +€9,215 | +27.0% |
| Stocks and contracts in progress | 3 | €2,585 | €2,208 | -€377 | -14.6% |
| Stocks | 30/36 | €2,585 | €2,208 | -€377 | -14.6% |
| Amounts receivable within one year | 40/41 | €785 | €2,665 | +€1,880 | +239% |
| Trade receivables | 40 | €785 | €2,665 | +€1,880 | +239% |
| Cash at bank and in hand | 54/58 | €30,757 | €38,195 | +€7,438 | +24.2% |
| Deferred charges and accrued income | 490/1 | €46 | €320 | +€274 | +599% |
| Total equity and liabilities | 10/49 | €101,618 | €95,398 | -€6,220 | -6.1% |
| Equity | 10/15 | -€33,301 | -€3,677 | +€29,624 | +89.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,301 | -€13,677 | +€29,624 | +68.4% |
| Amounts payable | 17/49 | €134,919 | €99,075 | -€35,844 | -26.6% |
| Amounts payable after more than one year | 17 | €46,493 | €13,007 | -€33,486 | -72.0% |
| Financial debts | 170/4 | €46,493 | €13,007 | -€33,486 | -72.0% |
| Amounts payable within one year | 42/48 | €88,265 | €86,068 | -€2,197 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €35,152 | €33,486 | -€1,666 | -4.7% |
| Trade debts | 44 | €1,599 | €1,781 | +€182 | +11.4% |
| Suppliers | 440/4 | €1,599 | €1,781 | +€182 | +11.4% |
| Taxes, remuneration and social security | 45 | €1,223 | €444 | -€780 | -63.7% |
| Taxes | 450/3 | €1,223 | €444 | -€780 | -63.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €50,291 | €50,358 | +€67 | +0.1% |
| Accrued charges and deferred income | 492/3 | €161 | €0 | -€161 | -100% |
| Non-recurring operating income | 76A | - | €14,325 | +€14,325 | |
| Remuneration, social security and pensions | 62 | €6,907 | -€34 | -€6,941 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,949 | €20,133 | +€185 | +0.9% |
| Other operating charges | 640/8 | €3,546 | €1,300 | -€2,247 | -63.4% |
| Non-recurring operating charges | 66A | €43,512 | €10,105 | -€33,408 | -76.8% |
| Gross operating margin | 9900 | €67,395 | €62,925 | -€4,470 | -6.6% |
| Operating profit (loss) | 9901 | -€6,519 | €31,421 | +€37,940 | |
| Financial income | 75/76B | €148 | €0 | -€148 | -100% |
| Recurring financial income | 75 | €148 | €0 | -€148 | -100% |
| Financial charges | 65/66B | €2,535 | €1,656 | -€879 | -34.7% |
| Recurring financial charges | 65 | €2,535 | €1,656 | -€879 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,905 | €29,765 | +€38,671 | |
| Income taxes | 67/77 | €160 | €141 | -€19 | -11.9% |
| Profit (loss) for the period | 9904 | -€9,065 | €29,624 | +€38,690 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,065 | €29,624 | +€38,690 |
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 21 October 2026 via checked.be.