KREPS: 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.
KREPS
Largest movements
- Receivables within one year -€43,191
down €43,191 (-19.7%), from €219,157 to €175,965
of which Trade receivables: -€55,376
- Tangible fixed assets -€11,766
down €11,766 (-35.4%), from €33,217 to €21,451
of which Furniture and vehicles: -€10,893
- Cash +€9,714
up €9,714 (+5.1%), from €189,501 to €199,215
mainly Receivables within one year (+€43,191) and Depreciation (+€11,766)
- Profit (loss) carried forward -€36,781
down €36,781 (-13.9%), from €265,492 to €228,711
- Reserves -€7,216
down €7,216 (-6.3%), from €114,514 to €107,298
of which Tax-exempt reserves: -€7,216
- Gross operating margin -€51,402
down €51,402 (-63.2%), from €81,344 to €29,942
- Staff costs +€5,889
up €5,889 (+10.4%), from €56,431 to €62,320
- Other operating charges +€5,841
up €5,841 (+665.2%), from €878 to €6,719
- Taxes -€5,178
down €5,178 (-89.7%), from €5,772 to €594
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 | €445,342 | €399,753 | -€45,588 | -10.2% |
| Fixed assets | 21/28 | €33,465 | €21,699 | -€11,766 | -35.2% |
| Tangible fixed assets | 22/27 | €33,217 | €21,451 | -€11,766 | -35.4% |
| Plant, machinery and equipment | 23 | €2,951 | €2,077 | -€874 | -29.6% |
| Furniture and vehicles | 24 | €30,266 | €19,374 | -€10,893 | -36.0% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €411,877 | €378,055 | -€33,822 | -8.2% |
| Amounts receivable within one year | 40/41 | €219,157 | €175,965 | -€43,191 | -19.7% |
| Trade receivables | 40 | €118,019 | €62,643 | -€55,376 | -46.9% |
| Other amounts receivable | 41 | €101,137 | €113,322 | +€12,185 | +12.0% |
| Cash at bank and in hand | 54/58 | €189,501 | €199,215 | +€9,714 | +5.1% |
| Deferred charges and accrued income | 490/1 | €3,219 | €2,874 | -€345 | -10.7% |
| Total equity and liabilities | 10/49 | €445,342 | €399,753 | -€45,588 | -10.2% |
| Equity | 10/15 | €398,598 | €354,601 | -€43,997 | -11.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €114,514 | €107,298 | -€7,216 | -6.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,216 | €0 | -€7,216 | -100.0% |
| Distributable reserves | 133 | €105,439 | €105,439 | = | 0.0% |
| Profit (loss) carried forward | 14 | €265,492 | €228,711 | -€36,781 | -13.9% |
| Provisions and deferred taxes | 16 | €709 | €0 | -€709 | -100.0% |
| Deferred taxes | 168 | €709 | €0 | -€709 | -100.0% |
| Amounts payable | 17/49 | €46,035 | €45,152 | -€883 | -1.9% |
| Amounts payable within one year | 42/48 | €45,594 | €45,076 | -€518 | -1.1% |
| Trade debts | 44 | €8,165 | €9,028 | +€862 | +10.6% |
| Suppliers | 440/4 | €8,165 | €9,028 | +€862 | +10.6% |
| Advances received on contracts in progress | 46 | €8,105 | €8,105 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €29,324 | €27,943 | -€1,381 | -4.7% |
| Taxes | 450/3 | €14,192 | €12,511 | -€1,681 | -11.8% |
| Remuneration and social security | 454/9 | €15,132 | €15,432 | +€300 | +2.0% |
| Accrued charges and deferred income | 492/3 | €440 | €76 | -€364 | -82.7% |
| Non-recurring operating income | 76A | €1,029 | €0 | -€1,029 | -100.0% |
| Remuneration, social security and pensions | 62 | €56,431 | €62,320 | +€5,889 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,281 | €11,766 | -€514 | -4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€575 | -€575 | |
| Other operating charges | 640/8 | €878 | €6,719 | +€5,841 | +665.2% |
| Non-recurring operating charges | 66A | €3,818 | €0 | -€3,818 | -100.0% |
| Gross operating margin | 9900 | €81,344 | €29,942 | -€51,402 | -63.2% |
| Operating profit (loss) | 9901 | €7,936 | -€50,288 | -€58,224 | |
| Financial income | 75/76B | €6,492 | €6,516 | +€23 | +0.4% |
| Recurring financial income | 75 | €6,492 | €6,516 | +€23 | +0.4% |
| Financial charges | 65/66B | €389 | €340 | -€49 | -12.7% |
| Recurring financial charges | 65 | €389 | €340 | -€49 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €14,040 | -€44,112 | -€58,152 | |
| Transfer from deferred taxes | 780 | €264 | €709 | +€444 | +167.9% |
| Income taxes | 67/77 | €5,772 | €594 | -€5,178 | -89.7% |
| Profit (loss) for the period | 9904 | €8,532 | -€43,997 | -€52,529 | |
| Transfer from tax-exempt reserves | 789 | €1,058 | €1,058 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,590 | -€42,939 | -€52,529 |
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 12 October 2026 via checked.be.