KREFISERVICING: 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.
What changed
KREFISERVICING
NACE 64.190, Financial service activities, except insurance and pension funding
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€45,977
2024 · €58,911-€104,888
Equity
€828,488
2024 · €874,464-€45,977
Cash
€835,436
2024 · €898,994-€63,557
Balance sheet total
€843,823
2024 · €913,444-€69,620
Largest movements
Assets
- Cash -€63,557
down €63,557 (-7.1%), from €898,994 to €835,436
mainly Net result for the year (-€45,977) and Tax, wage and social debts (-€24,009)
Equity and liabilities
- Reserves -€45,977
down €45,977 (-9.7%), from €473,959 to €427,982
of which Distributable reserves: -€45,977
- Tax, wage and social debts -€24,009
down €24,009 (-100.0%), from €24,009 to €0
Income statement
- Financial income -€126,897
down €126,897 (-89.3%), from €142,115 to €15,218
- Services and other goods -€30,145
down €30,145 (-29.6%), from €101,935 to €71,790
- Provisions +€12,585
up €12,585, from -€12,585 to €0
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
€58,911
Depreciation
-€325
Provisions
-€12,585
Other operating charges
+€278
Other operating items
+€30,499
Financial income
-€126,897
Financial charges
+€4,142
Result 2025
-€45,977
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.
From operations
-€63,557
Investment
€0
Financing
€0
Cash 2024
€898,994
From operations (derived)
-€63,557
Net result for the year
-€45,977
Depreciation
+€441
Deferred charges and accrued income
+€5,622
Trade debts
+€1,701
Tax, wage and social debts
-€24,009
Accrued charges and deferred income
-€1,336
Cash 2025
€835,436
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €913,444 | €843,823 | -€69,620 | -7.6% |
| Fixed assets | 21/28 | €2,089 | €1,648 | -€441 | -21.1% |
| Tangible fixed assets | 22/27 | €2,089 | €1,648 | -€441 | -21.1% |
| Furniture and vehicles | 24 | €2,089 | €1,648 | -€441 | -21.1% |
| Current assets | 29/58 | €911,355 | €842,176 | -€69,179 | -7.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €898,994 | €835,436 | -€63,557 | -7.1% |
| Deferred charges and accrued income | 490/1 | €12,361 | €6,739 | -€5,622 | -45.5% |
| Total equity and liabilities | 10/49 | €913,444 | €843,823 | -€69,620 | -7.6% |
| Equity | 10/15 | €874,464 | €828,488 | -€45,977 | -5.3% |
| Contributions | 10/11 | €400,506 | €400,506 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Outside capital | 11 | €506 | €506 | = | 0.0% |
| Share premium | 1100/10 | €506 | €506 | = | 0.0% |
| Reserves | 13 | €473,959 | €427,982 | -€45,977 | -9.7% |
| Non-distributable reserves | 130/1 | €205,048 | €205,048 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Other | 1319 | €165,048 | €165,048 | = | 0.0% |
| Distributable reserves | 133 | €268,911 | €222,934 | -€45,977 | -17.1% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Amounts payable | 17/49 | €38,979 | €15,336 | -€23,644 | -60.7% |
| Amounts payable within one year | 42/48 | €37,613 | €15,305 | -€22,308 | -59.3% |
| Trade debts | 44 | €13,604 | €15,305 | +€1,701 | +12.5% |
| Suppliers | 440/4 | €13,604 | €15,305 | +€1,701 | +12.5% |
| Taxes, remuneration and social security | 45 | €24,009 | €0 | -€24,009 | -100.0% |
| Taxes | 450/3 | €24,009 | €0 | -€24,009 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,367 | €31 | -€1,336 | -97.8% |
| Operating income | 70/76A | €12,793 | €13,146 | +€354 | +2.8% |
| Other operating income | 74 | €12,793 | €13,146 | +€354 | +2.8% |
| Operating charges | 60/66A | €91,309 | €73,796 | -€17,513 | -19.2% |
| Services and other goods | 61 | €101,935 | €71,790 | -€30,145 | -29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116 | €441 | +€325 | +280.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€12,585 | €0 | +€12,585 | |
| Other operating charges | 640/8 | €1,844 | €1,566 | -€278 | -15.1% |
| Operating profit (loss) | 9901 | -€78,517 | -€60,650 | +€17,867 | +22.8% |
| Financial income | 75/76B | €142,115 | €15,218 | -€126,897 | -89.3% |
| Recurring financial income | 75 | €142,115 | €15,218 | -€126,897 | -89.3% |
| Income from current assets | 751 | €142,114 | €15,217 | -€126,897 | -89.3% |
| Other financial income | 752/9 | €0 | €0 | -€0 | -70.6% |
| Financial charges | 65/66B | €4,687 | €544 | -€4,142 | -88.4% |
| Recurring financial charges | 65 | €4,687 | €544 | -€4,142 | -88.4% |
| Debt charges | 650 | €4,190 | €0 | -€4,190 | -100.0% |
| Other financial charges | 652/9 | €497 | €544 | +€48 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €58,911 | -€45,977 | -€104,888 | |
| Income taxes | 67/77 | €0 | - | = | |
| Taxes | 670/3 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €58,911 | -€45,977 | -€104,888 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €58,911 | -€45,977 | -€104,888 |
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 6 October 2026 via checked.be.