KREOUDE: 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.
KREOUDE
Largest movements
- Financial fixed assets -€24,724
down €24,724 (-48.6%), from €50,871 to €26,146
- Cash -€10,617
down €10,617 (-47.5%), from €22,366 to €11,749
mainly Other debts (-€22,000) and Trade debts (-€9,302)
- Receivables within one year +€3,069
new in 2025: €3,069
- Tangible fixed assets +€1,730
up €1,730 (+23.1%), from €7,487 to €9,217
- Other debts -€22,000
no longer reported in 2025 (was €22,000)
- Trade debts -€9,302
down €9,302 (-44.9%), from €20,704 to €11,402
- Reserves +€1,547
up €1,547 (+384.8%), from €402 to €1,949
- Gross operating margin -€13,569
down €13,569 (-8.8%), from €154,443 to €140,874
- Staff costs +€9,191
up €9,191 (+7.3%), from €125,392 to €134,583
- Taxes -€6,323
down €6,323 (-87.0%), from €7,265 to €942
- Depreciation +€1,563
up €1,563 (+111.3%), from €1,405 to €2,968
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 | €85,556 | €55,198 | -€30,357 | -35.5% |
| Fixed assets | 21/28 | €58,358 | €35,363 | -€22,994 | -39.4% |
| Tangible fixed assets | 22/27 | €7,487 | €9,217 | +€1,730 | +23.1% |
| Plant, machinery and equipment | 23 | €7,487 | €9,217 | +€1,730 | +23.1% |
| Financial fixed assets | 28 | €50,871 | €26,146 | -€24,724 | -48.6% |
| Current assets | 29/58 | €27,198 | €19,835 | -€7,363 | -27.1% |
| Stocks and contracts in progress | 3 | €2,412 | €2,432 | +€19 | +0.8% |
| Stocks | 30/36 | €2,412 | €2,432 | +€19 | +0.8% |
| Amounts receivable within one year | 40/41 | - | €3,069 | +€3,069 | |
| Other amounts receivable | 41 | - | €3,069 | +€3,069 | |
| Cash at bank and in hand | 54/58 | €22,366 | €11,749 | -€10,617 | -47.5% |
| Deferred charges and accrued income | 490/1 | €2,420 | €2,585 | +€165 | +6.8% |
| Total equity and liabilities | 10/49 | €85,556 | €55,198 | -€30,357 | -35.5% |
| Equity | 10/15 | €19,002 | €20,549 | +€1,547 | +8.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €402 | €1,949 | +€1,547 | +384.8% |
| Distributable reserves | 133 | €402 | €1,949 | +€1,547 | +384.8% |
| Amounts payable | 17/49 | €66,553 | €34,649 | -€31,905 | -47.9% |
| Amounts payable within one year | 42/48 | €65,544 | €33,712 | -€31,832 | -48.6% |
| Trade debts | 44 | €20,704 | €11,402 | -€9,302 | -44.9% |
| Suppliers | 440/4 | €20,704 | €11,402 | -€9,302 | -44.9% |
| Taxes, remuneration and social security | 45 | €22,840 | €22,310 | -€530 | -2.3% |
| Taxes | 450/3 | €6,454 | €6,842 | +€388 | +6.0% |
| Remuneration and social security | 454/9 | €16,386 | €15,469 | -€918 | -5.6% |
| Other amounts payable | 47/48 | €22,000 | - | -€22,000 | |
| Accrued charges and deferred income | 492/3 | €1,009 | €937 | -€72 | -7.2% |
| Remuneration, social security and pensions | 62 | €125,392 | €134,583 | +€9,191 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,405 | €2,968 | +€1,563 | +111.3% |
| Other operating charges | 640/8 | €1,035 | €783 | -€251 | -24.3% |
| Gross operating margin | 9900 | €154,443 | €140,874 | -€13,569 | -8.8% |
| Operating profit (loss) | 9901 | €26,611 | €2,539 | -€24,072 | -90.5% |
| Financial income | 75/76B | €530 | €313 | -€217 | -41.0% |
| Recurring financial income | 75 | €530 | €313 | -€217 | -41.0% |
| Financial charges | 65/66B | €122 | €362 | +€240 | +197.1% |
| Recurring financial charges | 65 | €122 | €362 | +€240 | +197.1% |
| Profit (loss) for the period before taxes | 9903 | €27,019 | €2,489 | -€24,529 | -90.8% |
| Income taxes | 67/77 | €7,265 | €942 | -€6,323 | -87.0% |
| Profit (loss) for the period | 9904 | €19,754 | €1,547 | -€18,206 | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,754 | €1,547 | -€18,206 | -92.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.