KREMA: 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.
KREMA
Largest movements
- Receivables within one year -€54,451
down €54,451 (-83.4%), from €65,279 to €10,828
of which Trade receivables: -€29,698
- Stocks and contracts +€36,193
up €36,193 (+183%), from €19,748 to €55,941
- Intangible fixed assets -€3,250
down €3,250 (-26.7%), from €12,192 to €8,942
- Tangible fixed assets +€2,561
up €2,561 (+22.3%), from €11,469 to €14,030
- Cash -€2,117
down €2,117 (-66.0%), from €3,208 to €1,091
mainly Net result for the year (-€40,238) and Stocks and contracts (-€36,193)
- Profit (loss) carried forward -€40,238
down €40,238, from €6,791 to -€33,447
- Debts after one year +€23,435
up €23,435 (+43.3%), from €54,112 to €77,548
of which Other amounts payable: +€31,105
- Tax, wage and social debts -€5,271
down €5,271 (-81.7%), from €6,456 to €1,184
of which Remuneration and social security: -€6,141
- Gross operating margin -€101,975
down €101,975, from €77,315 to -€24,660
- Staff costs -€78,121
no longer reported in 2025 (was €78,121)
- Other operating charges +€6,979
up €6,979 (+1,417%), from €492 to €7,471
- Depreciation +€4,679
up €4,679 (+107%), from €4,391 to €9,070
- Financial income +€1,343
new in 2025: €1,343
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 | €114,895 | €93,832 | -€21,063 | -18.3% |
| Fixed assets | 21/28 | €26,661 | €25,972 | -€689 | -2.6% |
| Intangible fixed assets | 21 | €12,192 | €8,942 | -€3,250 | -26.7% |
| Tangible fixed assets | 22/27 | €11,469 | €14,030 | +€2,561 | +22.3% |
| Furniture and vehicles | 24 | €11,469 | €14,030 | +€2,561 | +22.3% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €88,235 | €67,860 | -€20,375 | -23.1% |
| Stocks and contracts in progress | 3 | €19,748 | €55,941 | +€36,193 | +183% |
| Stocks | 30/36 | €19,748 | €55,941 | +€36,193 | +183% |
| Amounts receivable within one year | 40/41 | €65,279 | €10,828 | -€54,451 | -83.4% |
| Trade receivables | 40 | €39,326 | €9,628 | -€29,698 | -75.5% |
| Other amounts receivable | 41 | €25,953 | €1,200 | -€24,753 | -95.4% |
| Cash at bank and in hand | 54/58 | €3,208 | €1,091 | -€2,117 | -66.0% |
| Total equity and liabilities | 10/49 | €114,895 | €93,832 | -€21,063 | -18.3% |
| Equity | 10/15 | €41,501 | €1,263 | -€40,238 | -97.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €34,610 | €34,610 | = | 0.0% |
| Distributable reserves | 133 | €34,610 | €34,610 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,791 | -€33,447 | -€40,238 | |
| Amounts payable | 17/49 | €73,395 | €92,569 | +€19,175 | +26.1% |
| Amounts payable after more than one year | 17 | €54,112 | €77,548 | +€23,435 | +43.3% |
| Financial debts | 170/4 | €12,926 | €5,257 | -€7,670 | -59.3% |
| Other amounts payable | 178/9 | €41,186 | €72,291 | +€31,105 | +75.5% |
| Amounts payable within one year | 42/48 | €19,282 | €15,022 | -€4,261 | -22.1% |
| Current portion of amounts payable after more than one year | 42 | €7,419 | €7,670 | +€251 | +3.4% |
| Trade debts | 44 | €5,408 | €6,167 | +€760 | +14.0% |
| Suppliers | 440/4 | €5,408 | €6,167 | +€760 | +14.0% |
| Taxes, remuneration and social security | 45 | €6,456 | €1,184 | -€5,271 | -81.7% |
| Taxes | 450/3 | €315 | €1,184 | +€869 | +276% |
| Remuneration and social security | 454/9 | €6,141 | - | -€6,141 | |
| Remuneration, social security and pensions | 62 | €78,121 | - | -€78,121 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,391 | €9,070 | +€4,679 | +107% |
| Other operating charges | 640/8 | €492 | €7,471 | +€6,979 | +1,417% |
| Gross operating margin | 9900 | €77,315 | -€24,660 | -€101,975 | |
| Operating profit (loss) | 9901 | -€5,689 | -€41,201 | -€35,512 | -624% |
| Financial income | 75/76B | - | €1,343 | +€1,343 | |
| Recurring financial income | 75 | - | €1,343 | +€1,343 | |
| Financial charges | 65/66B | €1,247 | €455 | -€792 | -63.5% |
| Recurring financial charges | 65 | €1,247 | €455 | -€792 | -63.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,936 | -€40,313 | -€33,377 | -481% |
| Income taxes | 67/77 | €847 | -€75 | -€922 | |
| Profit (loss) for the period | 9904 | -€7,783 | -€40,238 | -€32,455 | -417% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,783 | -€40,238 | -€32,455 | -417% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.