Krelok: 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.
Krelok
Largest movements
- Cash +€8,817
up €8,817 (+41.6%), from €21,216 to €30,033
mainly Net result for the year (+€9,871) and Depreciation (+€7,406)
- Tangible fixed assets -€3,092
down €3,092 (-21.8%), from €14,189 to €11,097
of which Furniture and vehicles: -€2,643
- Intangible fixed assets -€2,440
no longer reported in 2025 (was €2,440)
- Stocks and contracts -€657
down €657 (-7.2%), from €9,136 to €8,479
- Receivables within one year +€627
up €627 (+28.6%), from €2,196 to €2,824
of which Other amounts receivable: +€2,401
- Reserves +€9,871
up €9,871 (+49.3%), from €20,026 to €29,897
- Debts after one year -€3,314
down €3,314 (-49.1%), from €6,750 to €3,436
- Tax, wage and social debts -€3,042
down €3,042 (-16.4%), from €18,507 to €15,465
of which Remuneration and social security: -€5,647
- Trade debts -€651
down €651 (-46.8%), from €1,392 to €740
- Staff costs -€25,218
down €25,218 (-27.5%), from €91,715 to €66,497
- Gross operating margin -€10,036
down €10,036 (-10.5%), from €95,526 to €85,490
- Depreciation -€2,520
down €2,520 (-25.4%), from €9,926 to €7,406
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 | €56,086 | €59,396 | +€3,310 | +5.9% |
| Fixed assets | 21/28 | €20,875 | €15,342 | -€5,532 | -26.5% |
| Intangible fixed assets | 21 | €2,440 | - | -€2,440 | |
| Tangible fixed assets | 22/27 | €14,189 | €11,097 | -€3,092 | -21.8% |
| Plant, machinery and equipment | 23 | €49 | - | -€49 | |
| Furniture and vehicles | 24 | €12,357 | €9,714 | -€2,643 | -21.4% |
| Other tangible fixed assets | 26 | €1,784 | €1,383 | -€400 | -22.4% |
| Financial fixed assets | 28 | €4,245 | €4,245 | = | 0.0% |
| Current assets | 29/58 | €35,211 | €44,054 | +€8,843 | +25.1% |
| Stocks and contracts in progress | 3 | €9,136 | €8,479 | -€657 | -7.2% |
| Stocks | 30/36 | €9,136 | €8,479 | -€657 | -7.2% |
| Amounts receivable within one year | 40/41 | €2,196 | €2,824 | +€627 | +28.6% |
| Trade receivables | 40 | €1,908 | €134 | -€1,774 | -93.0% |
| Other amounts receivable | 41 | €288 | €2,690 | +€2,401 | +832% |
| Cash at bank and in hand | 54/58 | €21,216 | €30,033 | +€8,817 | +41.6% |
| Deferred charges and accrued income | 490/1 | €2,662 | €2,718 | +€56 | +2.1% |
| Total equity and liabilities | 10/49 | €56,086 | €59,396 | +€3,310 | +5.9% |
| Equity | 10/15 | €26,226 | €36,097 | +€9,871 | +37.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,026 | €29,897 | +€9,871 | +49.3% |
| Distributable reserves | 133 | €20,026 | €29,897 | +€9,871 | +49.3% |
| Amounts payable | 17/49 | €29,860 | €23,299 | -€6,560 | -22.0% |
| Amounts payable after more than one year | 17 | €6,750 | €3,436 | -€3,314 | -49.1% |
| Financial debts | 170/4 | €6,750 | €3,436 | -€3,314 | -49.1% |
| Amounts payable within one year | 42/48 | €23,094 | €19,519 | -€3,575 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €3,196 | €3,314 | +€118 | +3.7% |
| Trade debts | 44 | €1,392 | €740 | -€651 | -46.8% |
| Suppliers | 440/4 | €1,392 | €740 | -€651 | -46.8% |
| Taxes, remuneration and social security | 45 | €18,507 | €15,465 | -€3,042 | -16.4% |
| Taxes | 450/3 | €6,356 | €8,962 | +€2,606 | +41.0% |
| Remuneration and social security | 454/9 | €12,151 | €6,503 | -€5,647 | -46.5% |
| Accrued charges and deferred income | 492/3 | €16 | €344 | +€328 | +2,096% |
| Remuneration, social security and pensions | 62 | €91,715 | €66,497 | -€25,218 | -27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,926 | €7,406 | -€2,520 | -25.4% |
| Other operating charges | 640/8 | €603 | €485 | -€118 | -19.5% |
| Gross operating margin | 9900 | €95,526 | €85,490 | -€10,036 | -10.5% |
| Operating profit (loss) | 9901 | -€6,718 | €11,102 | +€17,820 | |
| Financial income | 75/76B | €81 | €92 | +€11 | +13.5% |
| Recurring financial income | 75 | €81 | €92 | +€11 | +13.5% |
| Financial charges | 65/66B | €647 | €515 | -€132 | -20.3% |
| Recurring financial charges | 65 | €647 | €515 | -€132 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,283 | €10,679 | +€17,962 | |
| Income taxes | 67/77 | €131 | €808 | +€677 | +518% |
| Profit (loss) for the period | 9904 | -€7,414 | €9,871 | +€17,285 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,414 | €9,871 | +€17,285 |
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 21 October 2026 via checked.be.