Krei: 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.
Krei
Largest movements
- Cash +€18,531
up €18,531 (+82.1%), from €22,558 to €41,089
mainly Net result for the year (+€25,901) and Depreciation (+€11,370)
- Receivables within one year +€16,010
up €16,010 (+221%), from €7,253 to €23,263
of which Trade receivables: +€18,226
- Tangible fixed assets -€9,971
down €9,971 (-24.0%), from €41,557 to €31,587
of which Land and buildings: -€5,065
- Reserves +€24,235
up €24,235 (+60.1%), from €40,321 to €64,556
- Gross operating margin +€33,716
up €33,716 (+191%), from €17,680 to €51,396
- Taxes +€9,373
up €9,373 (+519%), from €1,805 to €11,178
- Depreciation -€801
down €801 (-6.6%), from €12,171 to €11,370
- Other operating charges +€565
up €565 (+75.9%), from €744 to €1,309
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 | €75,037 | €99,485 | +€24,449 | +32.6% |
| Fixed assets | 21/28 | €41,557 | €31,587 | -€9,971 | -24.0% |
| Tangible fixed assets | 22/27 | €41,557 | €31,587 | -€9,971 | -24.0% |
| Land and buildings | 22 | €33,190 | €28,125 | -€5,065 | -15.3% |
| Furniture and vehicles | 24 | €8,368 | €3,462 | -€4,906 | -58.6% |
| Current assets | 29/58 | €33,479 | €67,899 | +€34,420 | +103% |
| Amounts receivable within one year | 40/41 | €7,253 | €23,263 | +€16,010 | +221% |
| Trade receivables | 40 | €0 | €18,226 | +€18,226 | |
| Other amounts receivable | 41 | €7,253 | €5,037 | -€2,216 | -30.6% |
| Cash at bank and in hand | 54/58 | €22,558 | €41,089 | +€18,531 | +82.1% |
| Deferred charges and accrued income | 490/1 | €3,668 | €3,546 | -€121 | -3.3% |
| Total equity and liabilities | 10/49 | €75,037 | €99,485 | +€24,449 | +32.6% |
| Equity | 10/15 | €46,521 | €70,756 | +€24,235 | +52.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €40,321 | €64,556 | +€24,235 | +60.1% |
| Distributable reserves | 133 | €40,321 | €64,556 | +€24,235 | +60.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €28,516 | €28,729 | +€213 | +0.7% |
| Amounts payable within one year | 42/48 | €28,516 | €28,729 | +€213 | +0.7% |
| Trade debts | 44 | €621 | €1,301 | +€680 | +109% |
| Suppliers | 440/4 | €621 | €1,301 | +€680 | +109% |
| Taxes, remuneration and social security | 45 | €2,956 | €2,615 | -€342 | -11.6% |
| Taxes | 450/3 | €2,956 | €2,615 | -€342 | -11.6% |
| Other amounts payable | 47/48 | €24,938 | €24,813 | -€125 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,171 | €11,370 | -€801 | -6.6% |
| Other operating charges | 640/8 | €744 | €1,309 | +€565 | +75.9% |
| Gross operating margin | 9900 | €17,680 | €51,396 | +€33,716 | +191% |
| Operating profit (loss) | 9901 | €4,765 | €38,717 | +€33,952 | +713% |
| Financial income | 75/76B | €20 | €0 | -€20 | -100% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -100% |
| Financial charges | 65/66B | €1,747 | €1,637 | -€110 | -6.3% |
| Recurring financial charges | 65 | €1,747 | €1,637 | -€110 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €3,038 | €37,080 | +€34,042 | +1,121% |
| Income taxes | 67/77 | €1,805 | €11,178 | +€9,373 | +519% |
| Profit (loss) for the period | 9904 | €1,233 | €25,901 | +€24,669 | +2,001% |
| Profit (loss) for the period to be appropriated | 9905 | €1,233 | €25,901 | +€24,669 | +2,001% |
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 20 October 2026 via checked.be.