KREMAAS: 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.
KREMAAS
Largest movements
- Tangible fixed assets -€11,580
down €11,580 (-13.1%), from €88,525 to €76,944
- Cash +€5,504
up €5,504 (+21.7%), from €25,388 to €30,891
mainly Depreciation (+€11,580) and Net result for the year (+€4,382)
- Debts after one year -€15,504
down €15,504 (-37.3%), from €41,526 to €26,022
of which Financial debts: -€15,504
- Profit (loss) carried forward +€4,382
up €4,382 (+67.0%), from -€6,537 to -€2,154
- Other debts +€4,001
up €4,001 (+8.9%), from €45,156 to €49,157
- Gross operating margin -€1,824
down €1,824 (-8.8%), from €20,617 to €18,793
- Financial charges -€530
down €530 (-17.9%), from €2,967 to €2,437
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 | €113,990 | €107,916 | -€6,073 | -5.3% |
| Fixed assets | 21/28 | €88,525 | €76,944 | -€11,580 | -13.1% |
| Tangible fixed assets | 22/27 | €88,525 | €76,944 | -€11,580 | -13.1% |
| Land and buildings | 22 | €88,525 | €76,944 | -€11,580 | -13.1% |
| Current assets | 29/58 | €25,465 | €30,972 | +€5,507 | +21.6% |
| Amounts receivable within one year | 40/41 | €77 | - | -€77 | |
| Trade receivables | 40 | €77 | - | -€77 | |
| Cash at bank and in hand | 54/58 | €25,388 | €30,891 | +€5,504 | +21.7% |
| Deferred charges and accrued income | 490/1 | - | €81 | +€81 | |
| Total equity and liabilities | 10/49 | €113,990 | €107,916 | -€6,073 | -5.3% |
| Equity | 10/15 | €12,063 | €16,446 | +€4,382 | +36.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,537 | -€2,154 | +€4,382 | +67.0% |
| Amounts payable | 17/49 | €101,926 | €91,471 | -€10,455 | -10.3% |
| Amounts payable after more than one year | 17 | €41,526 | €26,022 | -€15,504 | -37.3% |
| Financial debts | 170/4 | €37,176 | €21,672 | -€15,504 | -41.7% |
| Other amounts payable | 178/9 | €4,350 | €4,350 | = | 0.0% |
| Amounts payable within one year | 42/48 | €60,400 | €65,449 | +€5,049 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €14,889 | €15,504 | +€615 | +4.1% |
| Trade debts | 44 | €355 | €788 | +€433 | +122% |
| Suppliers | 440/4 | €355 | €788 | +€433 | +122% |
| Other amounts payable | 47/48 | €45,156 | €49,157 | +€4,001 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,580 | €11,580 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €20,617 | €18,793 | -€1,824 | -8.8% |
| Operating profit (loss) | 9901 | €8,649 | €6,813 | -€1,836 | -21.2% |
| Financial income | 75/76B | €0 | €10 | +€10 | +5,528% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +5,528% |
| Financial charges | 65/66B | €2,967 | €2,437 | -€530 | -17.9% |
| Recurring financial charges | 65 | €2,967 | €2,437 | -€530 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €5,682 | €4,385 | -€1,297 | -22.8% |
| Income taxes | 67/77 | €0 | €3 | +€3 | +5,960% |
| Profit (loss) for the period | 9904 | €5,682 | €4,382 | -€1,300 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,682 | €4,382 | -€1,300 | -22.9% |
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.