KREMAR ENGINEERING: 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.
KREMAR ENGINEERING
Largest movements
- Deferred charges and accrued income -€777,093
down €777,093 (-99.8%), from €778,647 to €1,554
- Financial fixed assets -€241,077
down €241,077 (-84.0%), from €287,077 to €46,001
- Cash +€180,702
new in 2025: €180,702
mainly Deferred charges and accrued income (+€777,093) and Investment in fixed assets (net) (+€241,077)
- Receivables within one year +€45,442
up €45,442 (+54.9%), from €82,805 to €128,247
of which Trade receivables: +€37,529
- Tangible fixed assets -€16,237
down €16,237 (-27.4%), from €59,209 to €42,972
- Trade debts -€930,013
down €930,013 (-93.6%), from €993,429 to €63,416
- Tax, wage and social debts +€154,558
up €154,558 (+1156.3%), from €13,367 to €167,925
- Accrued charges and deferred income -€14,451
down €14,451 (-92.2%), from €15,673 to €1,222
- Short-term financial debts -€14,439
down €14,439 (-54.7%), from €26,409 to €11,970
- Depreciation -€9,702
down €9,702 (-37.4%), from €25,939 to €16,237
- Financial charges +€7,101
up €7,101 (+125.3%), from €5,666 to €12,766
- Other operating charges +€2,072
up €2,072 (+115.1%), from €1,801 to €3,873
- Gross operating margin +€857
up €857 (+2.1%), from €40,381 to €41,238
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 | €1,207,738 | €399,475 | -€808,262 | -66.9% |
| Fixed assets | 21/28 | €346,286 | €88,972 | -€257,314 | -74.3% |
| Tangible fixed assets | 22/27 | €59,209 | €42,972 | -€16,237 | -27.4% |
| Land and buildings | 22 | €59,209 | €42,972 | -€16,237 | -27.4% |
| Financial fixed assets | 28 | €287,077 | €46,001 | -€241,077 | -84.0% |
| Current assets | 29/58 | €861,452 | €310,503 | -€550,948 | -64.0% |
| Amounts receivable within one year | 40/41 | €82,805 | €128,247 | +€45,442 | +54.9% |
| Trade receivables | 40 | €18,220 | €55,749 | +€37,529 | +206.0% |
| Other amounts receivable | 41 | €64,585 | €72,498 | +€7,913 | +12.3% |
| Cash at bank and in hand | 54/58 | - | €180,702 | +€180,702 | |
| Deferred charges and accrued income | 490/1 | €778,647 | €1,554 | -€777,093 | -99.8% |
| Total equity and liabilities | 10/49 | €1,207,738 | €399,475 | -€808,262 | -66.9% |
| Equity | 10/15 | €149,429 | €154,943 | +€5,514 | +3.7% |
| Contributions | 10/11 | €49,900 | €49,900 | = | 0.0% |
| Reserves | 13 | €92,330 | €92,330 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,610 | €5,610 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,610 | €5,610 | = | 0.0% |
| Distributable reserves | 133 | €86,720 | €86,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,199 | €12,713 | +€5,514 | +76.6% |
| Amounts payable | 17/49 | €1,058,309 | €244,533 | -€813,776 | -76.9% |
| Amounts payable after more than one year | 17 | €1,358 | - | -€1,358 | |
| Financial debts | 170/4 | €1,358 | - | -€1,358 | |
| Amounts payable within one year | 42/48 | €1,041,278 | €243,311 | -€797,967 | -76.6% |
| Current portion of amounts payable after more than one year | 42 | €8,073 | - | -€8,073 | |
| Financial debts | 43 | €26,409 | €11,970 | -€14,439 | -54.7% |
| Credit institutions | 430/8 | €26,409 | €11,970 | -€14,439 | -54.7% |
| Trade debts | 44 | €993,429 | €63,416 | -€930,013 | -93.6% |
| Suppliers | 440/4 | €993,429 | €63,416 | -€930,013 | -93.6% |
| Taxes, remuneration and social security | 45 | €13,367 | €167,925 | +€154,558 | +1156.3% |
| Taxes | 450/3 | €13,367 | €167,925 | +€154,558 | +1156.3% |
| Accrued charges and deferred income | 492/3 | €15,673 | €1,222 | -€14,451 | -92.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,939 | €16,237 | -€9,702 | -37.4% |
| Other operating charges | 640/8 | €1,801 | €3,873 | +€2,072 | +115.1% |
| Gross operating margin | 9900 | €40,381 | €41,238 | +€857 | +2.1% |
| Operating profit (loss) | 9901 | €12,641 | €21,128 | +€8,487 | +67.1% |
| Financial income | 75/76B | €59 | €11 | -€48 | -81.3% |
| Recurring financial income | 75 | €59 | €11 | -€48 | -81.3% |
| Financial charges | 65/66B | €5,666 | €12,766 | +€7,101 | +125.3% |
| Recurring financial charges | 65 | €5,666 | €12,766 | +€7,101 | +125.3% |
| Profit (loss) for the period before taxes | 9903 | €7,034 | €8,372 | +€1,338 | +19.0% |
| Income taxes | 67/77 | €3,126 | €2,858 | -€268 | -8.6% |
| Profit (loss) for the period | 9904 | €3,908 | €5,514 | +€1,606 | +41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,908 | €5,514 | +€1,606 | +41.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.