KREKELENBERG: 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.
KREKELENBERG
Largest movements
- Receivables within one year +€122,802
up €122,802 (+28.5%), from €430,175 to €552,977
of which Trade receivables: +€119,802
- Tangible fixed assets -€106,717
down €106,717 (-3.4%), from €3.1m to €3.0m
of which Land and buildings: -€100,187
- Debts after one year -€910,708
down €910,708 (-30.7%), from €3.0m to €2.1m
of which Other amounts payable: -€775,223
- Other debts +€844,698
up €844,698 (+2,336%), from €36,164 to €880,862
- Gross operating margin +€78,041
up €78,041 (+39.6%), from €197,169 to €275,210
- Taxes +€12,465
up €12,465, from €0 to €12,465
- Depreciation -€8,636
down €8,636 (-7.1%), from €122,424 to €113,788
- Other operating charges +€6,675
up €6,675 (+93.5%), from €7,143 to €13,818
- Staff costs +€2,878
up €2,878 (+5.5%), from €52,078 to €54,956
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 | €3,553,619 | €3,549,445 | -€4,174 | -0.1% |
| Fixed assets | 21/28 | €3,095,673 | €2,988,955 | -€106,717 | -3.4% |
| Tangible fixed assets | 22/27 | €3,095,673 | €2,988,955 | -€106,717 | -3.4% |
| Land and buildings | 22 | €2,974,287 | €2,874,100 | -€100,187 | -3.4% |
| Plant, machinery and equipment | 23 | €117,750 | €106,098 | -€11,652 | -9.9% |
| Furniture and vehicles | 24 | €3,635 | €8,757 | +€5,122 | +141% |
| Current assets | 29/58 | €457,947 | €560,490 | +€102,543 | +22.4% |
| Amounts receivable within one year | 40/41 | €430,175 | €552,977 | +€122,802 | +28.5% |
| Trade receivables | 40 | €246,209 | €366,011 | +€119,802 | +48.7% |
| Other amounts receivable | 41 | €183,966 | €186,966 | +€3,000 | +1.6% |
| Cash at bank and in hand | 54/58 | €27,264 | €6,981 | -€20,283 | -74.4% |
| Deferred charges and accrued income | 490/1 | €508 | €532 | +€24 | +4.8% |
| Total equity and liabilities | 10/49 | €3,553,619 | €3,549,445 | -€4,174 | -0.1% |
| Equity | 10/15 | €59,944 | €85,183 | +€25,239 | +42.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €39,484 | €64,723 | +€25,239 | +63.9% |
| Amounts payable | 17/49 | €3,493,675 | €3,464,262 | -€29,413 | -0.8% |
| Amounts payable after more than one year | 17 | €2,964,874 | €2,054,166 | -€910,708 | -30.7% |
| Financial debts | 170/4 | €2,189,651 | €2,054,166 | -€135,485 | -6.2% |
| Other amounts payable | 178/9 | €775,223 | €0 | -€775,223 | -100% |
| Amounts payable within one year | 42/48 | €510,802 | €1,392,096 | +€881,295 | +173% |
| Current portion of amounts payable after more than one year | 42 | €133,733 | €135,485 | +€1,752 | +1.3% |
| Trade debts | 44 | €299,319 | €325,354 | +€26,035 | +8.7% |
| Suppliers | 440/4 | €299,319 | €325,354 | +€26,035 | +8.7% |
| Taxes, remuneration and social security | 45 | €41,585 | €50,395 | +€8,810 | +21.2% |
| Taxes | 450/3 | €28,424 | €39,363 | +€10,939 | +38.5% |
| Remuneration and social security | 454/9 | €13,161 | €11,032 | -€2,129 | -16.2% |
| Other amounts payable | 47/48 | €36,164 | €880,862 | +€844,698 | +2,336% |
| Accrued charges and deferred income | 492/3 | €18,000 | €18,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €52,078 | €54,956 | +€2,878 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,424 | €113,788 | -€8,636 | -7.1% |
| Other operating charges | 640/8 | €7,143 | €13,818 | +€6,675 | +93.5% |
| Gross operating margin | 9900 | €197,169 | €275,210 | +€78,041 | +39.6% |
| Operating profit (loss) | 9901 | €15,524 | €92,648 | +€77,124 | +497% |
| Financial income | 75/76B | €227 | €348 | +€121 | +53.2% |
| Recurring financial income | 75 | €227 | €348 | +€121 | +53.2% |
| Financial charges | 65/66B | €54,160 | €55,292 | +€1,133 | +2.1% |
| Recurring financial charges | 65 | €54,160 | €55,292 | +€1,133 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | -€38,409 | €37,703 | +€76,112 | |
| Income taxes | 67/77 | €0 | €12,465 | +€12,465 | |
| Profit (loss) for the period | 9904 | -€38,409 | €25,239 | +€63,647 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,409 | €25,239 | +€63,647 |
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 17 October 2026 via checked.be.