KREKELHOF: 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.
KREKELHOF
Largest movements
- Cash +€55,226
up €55,226 (+18.6%), from €296,598 to €351,824
mainly Net result for the year (+€127,647) and Depreciation (+€38,477)
- Receivables within one year -€21,908
down €21,908 (-55.2%), from €39,660 to €17,751
of which Trade receivables: -€21,908
- Tangible fixed assets -€10,251
down €10,251 (-10.3%), from €99,718 to €89,467
- Reserves +€27,647
up €27,647 (+12.3%), from €225,036 to €252,684
- Current portion of long-term debt -€6,666
down €6,666 (-100%), from €6,666 to €0
- Short-term financial debts +€5,054
up €5,054 (+74.5%), from €6,785 to €11,839
- Gross operating margin +€56,025
up €56,025 (+11.7%), from €480,353 to €536,378
- Staff costs +€22,538
up €22,538 (+7.7%), from €292,581 to €315,120
- Depreciation +€6,683
up €6,683 (+21.0%), from €31,794 to €38,477
- Taxes +€5,455
up €5,455 (+14.3%), from €38,138 to €43,593
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 | €459,384 | €483,358 | +€23,974 | +5.2% |
| Fixed assets | 21/28 | €100,718 | €90,467 | -€10,251 | -10.2% |
| Tangible fixed assets | 22/27 | €99,718 | €89,467 | -€10,251 | -10.3% |
| Land and buildings | 22 | €66,557 | €64,772 | -€1,786 | -2.7% |
| Plant, machinery and equipment | 23 | €11,197 | €6,846 | -€4,351 | -38.9% |
| Furniture and vehicles | 24 | €21,964 | €17,849 | -€4,115 | -18.7% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €358,666 | €392,892 | +€34,226 | +9.5% |
| Stocks and contracts in progress | 3 | €19,511 | €16,891 | -€2,620 | -13.4% |
| Stocks | 30/36 | €19,511 | €16,891 | -€2,620 | -13.4% |
| Amounts receivable within one year | 40/41 | €39,660 | €17,751 | -€21,908 | -55.2% |
| Trade receivables | 40 | €38,743 | €16,834 | -€21,908 | -56.5% |
| Other amounts receivable | 41 | €917 | €917 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €296,598 | €351,824 | +€55,226 | +18.6% |
| Deferred charges and accrued income | 490/1 | €2,897 | €6,425 | +€3,528 | +122% |
| Total equity and liabilities | 10/49 | €459,384 | €483,358 | +€23,974 | +5.2% |
| Equity | 10/15 | €233,636 | €261,284 | +€27,647 | +11.8% |
| Contributions | 10/11 | €8,600 | €8,600 | = | 0.0% |
| Reserves | 13 | €225,036 | €252,684 | +€27,647 | +12.3% |
| Distributable reserves | 133 | €225,036 | €252,684 | +€27,647 | +12.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €225,748 | €222,075 | -€3,673 | -1.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €223,602 | €221,284 | -€2,318 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €6,666 | €0 | -€6,666 | -100% |
| Financial debts | 43 | €6,785 | €11,839 | +€5,054 | +74.5% |
| Credit institutions | 430/8 | €6,785 | €11,839 | +€5,054 | +74.5% |
| Trade debts | 44 | €39,396 | €39,682 | +€285 | +0.7% |
| Suppliers | 440/4 | €39,396 | €39,682 | +€285 | +0.7% |
| Advances received on contracts in progress | 46 | €2,413 | €0 | -€2,413 | -100% |
| Taxes, remuneration and social security | 45 | €68,342 | €69,764 | +€1,422 | +2.1% |
| Taxes | 450/3 | €29,901 | €30,424 | +€523 | +1.7% |
| Remuneration and social security | 454/9 | €38,440 | €39,339 | +€899 | +2.3% |
| Other amounts payable | 47/48 | €100,000 | €100,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,146 | €790 | -€1,355 | -63.2% |
| Non-recurring operating income | 76A | €413 | €0 | -€413 | -100% |
| Remuneration, social security and pensions | 62 | €292,581 | €315,120 | +€22,538 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,794 | €38,477 | +€6,683 | +21.0% |
| Other operating charges | 640/8 | €10,695 | €11,254 | +€559 | +5.2% |
| Gross operating margin | 9900 | €480,353 | €536,378 | +€56,025 | +11.7% |
| Operating profit (loss) | 9901 | €145,283 | €171,528 | +€26,245 | +18.1% |
| Financial income | 75/76B | €3,289 | €2,660 | -€628 | -19.1% |
| Recurring financial income | 75 | €3,289 | €2,660 | -€628 | -19.1% |
| Financial charges | 65/66B | €2,866 | €2,948 | +€82 | +2.9% |
| Recurring financial charges | 65 | €2,866 | €2,948 | +€82 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €145,705 | €171,240 | +€25,535 | +17.5% |
| Income taxes | 67/77 | €38,138 | €43,593 | +€5,455 | +14.3% |
| Profit (loss) for the period | 9904 | €107,567 | €127,647 | +€20,080 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €107,567 | €127,647 | +€20,080 | +18.7% |
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 22 October 2026 via checked.be.