KREKELHEED: 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.
KREKELHEED
Largest movements
- Current investments -€80,000
down €80,000 (-55.2%), from €145,000 to €65,000
- Tangible fixed assets -€50,489
down €50,489 (-5.9%), from €850,573 to €800,084
of which Land and buildings: -€46,883
- Cash +€17,942
up €17,942 (+124.1%), from €14,456 to €32,398
mainly Current investments (+€80,000) and Depreciation (+€51,248)
- Other debts -€151,653
down €151,653 (-80.8%), from €187,630 to €35,977
- Reserves +€38,123
up €38,123 (+6.5%), from €585,015 to €623,139
of which Distributable reserves: +€58,816
- Trade debts +€20,977
up €20,977 (+699.6%), from €2,998 to €23,975
- Tax, wage and social debts +€10,335
up €10,335 (+65.5%), from €15,777 to €26,112
of which Taxes: +€6,778
- Debts after one year -€10,281
down €10,281 (-10.3%), from €99,747 to €89,466
- Gross operating margin -€87,373
down €87,373 (-39.9%), from €219,049 to €131,676
- Taxes +€2,880
up €2,880 (+13.7%), from €20,989 to €23,869
- Depreciation -€2,276
down €2,276 (-4.3%), from €53,523 to €51,248
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 | €1,016,976 | €912,966 | -€104,010 | -10.2% |
| Fixed assets | 21/28 | €850,573 | €800,084 | -€50,489 | -5.9% |
| Tangible fixed assets | 22/27 | €850,573 | €800,084 | -€50,489 | -5.9% |
| Land and buildings | 22 | €844,812 | €797,930 | -€46,883 | -5.5% |
| Plant, machinery and equipment | 23 | €358 | €85 | -€273 | -76.2% |
| Furniture and vehicles | 24 | €3,907 | - | -€3,907 | |
| Other tangible fixed assets | 26 | €1,496 | €2,069 | +€573 | +38.3% |
| Current assets | 29/58 | €166,403 | €112,882 | -€53,521 | -32.2% |
| Amounts receivable within one year | 40/41 | €3,017 | €10,988 | +€7,971 | +264.2% |
| Trade receivables | 40 | €204 | €10,988 | +€10,784 | +5281.7% |
| Other amounts receivable | 41 | €2,813 | - | -€2,813 | |
| Current investments | 50/53 | €145,000 | €65,000 | -€80,000 | -55.2% |
| Cash at bank and in hand | 54/58 | €14,456 | €32,398 | +€17,942 | +124.1% |
| Deferred charges and accrued income | 490/1 | €3,930 | €4,496 | +€565 | +14.4% |
| Total equity and liabilities | 10/49 | €1,016,976 | €912,966 | -€104,010 | -10.2% |
| Equity | 10/15 | €610,015 | €648,139 | +€38,123 | +6.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €585,015 | €623,139 | +€38,123 | +6.5% |
| Tax-exempt reserves | 132 | €392,160 | €371,468 | -€20,693 | -5.3% |
| Distributable reserves | 133 | €192,855 | €251,671 | +€58,816 | +30.5% |
| Provisions and deferred taxes | 16 | €32,501 | €30,847 | -€1,653 | -5.1% |
| Deferred taxes | 168 | €32,501 | €30,847 | -€1,653 | -5.1% |
| Amounts payable | 17/49 | €374,460 | €233,980 | -€140,481 | -37.5% |
| Amounts payable after more than one year | 17 | €99,747 | €89,466 | -€10,281 | -10.3% |
| Financial debts | 170/4 | €99,747 | €89,466 | -€10,281 | -10.3% |
| Amounts payable within one year | 42/48 | €246,405 | €119,931 | -€126,474 | -51.3% |
| Current portion of amounts payable after more than one year | 42 | €40,000 | €33,868 | -€6,132 | -15.3% |
| Trade debts | 44 | €2,998 | €23,975 | +€20,977 | +699.6% |
| Suppliers | 440/4 | €2,998 | €23,975 | +€20,977 | +699.6% |
| Taxes, remuneration and social security | 45 | €15,777 | €26,112 | +€10,335 | +65.5% |
| Taxes | 450/3 | €13,477 | €20,255 | +€6,778 | +50.3% |
| Remuneration and social security | 454/9 | €2,300 | €5,857 | +€3,557 | +154.6% |
| Other amounts payable | 47/48 | €187,630 | €35,977 | -€151,653 | -80.8% |
| Accrued charges and deferred income | 492/3 | €28,309 | €24,582 | -€3,726 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,523 | €51,248 | -€2,276 | -4.3% |
| Other operating charges | 640/8 | €10,673 | €11,683 | +€1,010 | +9.5% |
| Gross operating margin | 9900 | €219,049 | €131,676 | -€87,373 | -39.9% |
| Operating profit (loss) | 9901 | €154,853 | €68,746 | -€86,107 | -55.6% |
| Financial income | 75/76B | €1,047 | €1,192 | +€145 | +13.9% |
| Recurring financial income | 75 | €1,047 | €1,192 | +€145 | +13.9% |
| Financial charges | 65/66B | €9,834 | €7,933 | -€1,901 | -19.3% |
| Recurring financial charges | 65 | €9,834 | €7,933 | -€1,901 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €146,066 | €62,005 | -€84,061 | -57.5% |
| Transfer from deferred taxes | 780 | €1,848 | €1,653 | -€195 | -10.5% |
| Transfer to deferred taxes | 680 | €24,188 | - | -€24,188 | |
| Income taxes | 67/77 | €20,989 | €23,869 | +€2,880 | +13.7% |
| Profit (loss) for the period | 9904 | €102,738 | €39,789 | -€62,949 | -61.3% |
| Transfer from tax-exempt reserves | 789 | €21,475 | €20,693 | -€782 | -3.6% |
| Transfer to tax-exempt reserves | 689 | €72,563 | - | -€72,563 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,650 | €60,482 | +€8,832 | +17.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.