KREOS SERVICES: what changed
KREOS SERVICES
Largest movements
- Receivables within one year +€70,580
up €70,580 (+169%), from €41,724 to €112,304
of which Trade receivables: +€67,754
- Cash -€31,638
down €31,638 (-71.4%), from €44,295 to €12,657
mainly Receivables within one year (-€70,580) and Other debts (-€22,511)
- Tangible fixed assets -€18,480
down €18,480 (-10.0%), from €185,099 to €166,619
of which Furniture and vehicles: -€11,303
- Reserves +€39,601
up €39,601 (+14.0%), from €283,034 to €322,635
of which Distributable reserves: +€39,601
- Other debts -€22,511
down €22,511 (-43.9%), from €51,255 to €28,744
- Gross operating margin +€22,998
up €22,998 (+18.3%), from €125,866 to €148,864
- Depreciation +€8,608
up €8,608 (+87.2%), from €9,872 to €18,480
- Staff costs +€6,820
up €6,820 (+11.8%), from €57,670 to €64,490
- Other operating charges +€4,180
up €4,180 (+364%), from €1,149 to €5,329
- Financial income -€2,808
no longer reported in 2025 (was €2,808)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €370,818 | €391,280 | +€20,462 | +5.5% |
| Fixed assets | 21/28 | €284,799 | €266,319 | -€18,480 | -6.5% |
| Tangible fixed assets | 22/27 | €185,099 | €166,619 | -€18,480 | -10.0% |
| Land and buildings | 22 | €132,339 | €125,162 | -€7,177 | -5.4% |
| Furniture and vehicles | 24 | €52,760 | €41,457 | -€11,303 | -21.4% |
| Financial fixed assets | 28 | €99,700 | €99,700 | = | 0.0% |
| Current assets | 29/58 | €86,019 | €124,961 | +€38,942 | +45.3% |
| Amounts receivable within one year | 40/41 | €41,724 | €112,304 | +€70,580 | +169% |
| Trade receivables | 40 | €41,724 | €109,478 | +€67,754 | +162% |
| Other amounts receivable | 41 | - | €2,826 | +€2,826 | |
| Cash at bank and in hand | 54/58 | €44,295 | €12,657 | -€31,638 | -71.4% |
| Total equity and liabilities | 10/49 | €370,818 | €391,280 | +€20,462 | +5.5% |
| Equity | 10/15 | €297,801 | €337,402 | +€39,601 | +13.3% |
| Contributions | 10/11 | €13,250 | €13,250 | = | 0.0% |
| Reserves | 13 | €283,034 | €322,635 | +€39,601 | +14.0% |
| Tax-exempt reserves | 132 | €184,177 | €184,177 | = | 0.0% |
| Distributable reserves | 133 | €98,857 | €138,458 | +€39,601 | +40.1% |
| Profit (loss) carried forward | 14 | €1,517 | €1,517 | = | 0.0% |
| Amounts payable | 17/49 | €73,017 | €53,878 | -€19,139 | -26.2% |
| Amounts payable within one year | 42/48 | €73,017 | €53,878 | -€19,139 | -26.2% |
| Trade debts | 44 | €10,563 | €10,085 | -€478 | -4.5% |
| Suppliers | 440/4 | €10,563 | €10,085 | -€478 | -4.5% |
| Taxes, remuneration and social security | 45 | €11,199 | €15,049 | +€3,850 | +34.4% |
| Taxes | 450/3 | €5,193 | €8,110 | +€2,917 | +56.2% |
| Remuneration and social security | 454/9 | €6,006 | €6,939 | +€933 | +15.5% |
| Other amounts payable | 47/48 | €51,255 | €28,744 | -€22,511 | -43.9% |
| Remuneration, social security and pensions | 62 | €57,670 | €64,490 | +€6,820 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,872 | €18,480 | +€8,608 | +87.2% |
| Other operating charges | 640/8 | €1,149 | €5,329 | +€4,180 | +364% |
| Gross operating margin | 9900 | €125,866 | €148,864 | +€22,998 | +18.3% |
| Operating profit (loss) | 9901 | €57,175 | €60,565 | +€3,390 | +5.9% |
| Financial income | 75/76B | €2,808 | - | -€2,808 | |
| Recurring financial income | 75 | €2,808 | - | -€2,808 | |
| Financial charges | 65/66B | €2,957 | €3,790 | +€833 | +28.2% |
| Recurring financial charges | 65 | €2,957 | €3,790 | +€833 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | €57,026 | €56,775 | -€251 | -0.4% |
| Income taxes | 67/77 | €16,939 | €17,174 | +€235 | +1.4% |
| Profit (loss) for the period | 9904 | €40,087 | €39,601 | -€486 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,087 | €39,601 | -€486 | -1.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.