KREMER: 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.
KREMER
Largest movements
- Receivables within one year -€12,902
down €12,902 (-51.6%), from €25,021 to €12,119
of which Other amounts receivable: -€9,733
- Tangible fixed assets -€4,986
down €4,986 (-1.1%), from €448,750 to €443,764
of which Plant, machinery and equipment: -€3,645
- Other debts +€27,003
up €27,003 (+6,538%), from €413 to €27,416
- Profit (loss) carried forward -€25,415
down €25,415 (-35.7%), from -€71,132 to -€96,547
- Debts after one year -€11,903
down €11,903 (-6.6%), from €181,451 to €169,548
- Current portion of long-term debt -€4,995
down €4,995 (-28.3%), from €17,672 to €12,677
- Gross operating margin -€90,022
down €90,022 (-74.6%), from €120,670 to €30,648
- Staff costs -€52,959
down €52,959 (-64.4%), from €82,213 to €29,254
- Other operating charges -€2,669
down €2,669 (-56.9%), from €4,693 to €2,024
- Financial income +€1,914
up €1,914 (+2,454%), from €78 to €1,992
of which Non-recurring financial income: +€1,992
- Depreciation +€1,236
up €1,236 (+9.4%), from €13,126 to €14,362
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €480,012 | €460,268 | -€19,744 | -4.1% |
| Fixed assets | 21/28 | €448,899 | €443,913 | -€4,986 | -1.1% |
| Tangible fixed assets | 22/27 | €448,750 | €443,764 | -€4,986 | -1.1% |
| Land and buildings | 22 | €346,695 | €345,571 | -€1,124 | -0.3% |
| Plant, machinery and equipment | 23 | €101,838 | €98,193 | -€3,645 | -3.6% |
| Furniture and vehicles | 24 | €217 | - | -€217 | |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €31,113 | €16,355 | -€14,758 | -47.4% |
| Stocks and contracts in progress | 3 | €4,525 | €4,236 | -€289 | -6.4% |
| Stocks | 30/36 | €4,525 | €4,236 | -€289 | -6.4% |
| Amounts receivable within one year | 40/41 | €25,021 | €12,119 | -€12,902 | -51.6% |
| Trade receivables | 40 | €10,767 | €7,598 | -€3,169 | -29.4% |
| Other amounts receivable | 41 | €14,254 | €4,521 | -€9,733 | -68.3% |
| Deferred charges and accrued income | 490/1 | €1,567 | - | -€1,567 | |
| Total equity and liabilities | 10/49 | €480,012 | €460,268 | -€19,744 | -4.1% |
| Equity | 10/15 | €273,066 | €247,651 | -€25,415 | -9.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Revaluation surpluses | 12 | €322,315 | €322,315 | = | 0.0% |
| Reserves | 13 | €2,883 | €2,883 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €983 | €983 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,132 | -€96,547 | -€25,415 | -35.7% |
| Amounts payable | 17/49 | €206,946 | €212,617 | +€5,671 | +2.7% |
| Amounts payable after more than one year | 17 | €181,451 | €169,548 | -€11,903 | -6.6% |
| Financial debts | 170/4 | €181,451 | €169,548 | -€11,903 | -6.6% |
| Amounts payable within one year | 42/48 | €25,495 | €43,069 | +€17,574 | +68.9% |
| Current portion of amounts payable after more than one year | 42 | €17,672 | €12,677 | -€4,995 | -28.3% |
| Financial debts | 43 | €4,938 | €2,976 | -€1,962 | -39.7% |
| Credit institutions | 430/8 | €4,938 | €2,976 | -€1,962 | -39.7% |
| Trade debts | 44 | €2,154 | - | -€2,154 | |
| Suppliers | 440/4 | €2,154 | - | -€2,154 | |
| Taxes, remuneration and social security | 45 | €318 | - | -€318 | |
| Remuneration and social security | 454/9 | €318 | - | -€318 | |
| Other amounts payable | 47/48 | €413 | €27,416 | +€27,003 | +6,538% |
| Remuneration, social security and pensions | 62 | €82,213 | €29,254 | -€52,959 | -64.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,126 | €14,362 | +€1,236 | +9.4% |
| Other operating charges | 640/8 | €4,693 | €2,024 | -€2,669 | -56.9% |
| Gross operating margin | 9900 | €120,670 | €30,648 | -€90,022 | -74.6% |
| Operating profit (loss) | 9901 | €20,638 | -€14,992 | -€35,630 | |
| Financial income | 75/76B | €78 | €1,992 | +€1,914 | +2,454% |
| Recurring financial income | 75 | €78 | €1,992 | +€1,914 | +2,454% |
| Non-recurring financial income | 76B | - | €1,992 | +€1,992 | |
| Financial charges | 65/66B | €11,932 | €12,272 | +€340 | +2.8% |
| Recurring financial charges | 65 | €11,932 | €12,272 | +€340 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €8,784 | -€25,272 | -€34,056 | |
| Profit (loss) for the period | 9904 | €8,784 | -€25,272 | -€34,056 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,784 | -€25,272 | -€34,056 |
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 20 October 2026 via checked.be.