KREST 3: 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.
KREST 3
Largest movements
- Receivables after one year +€618,000
up €618,000 (+48.1%), from €1.3m to €1.9m
- Cash +€134,370
up €134,370 (+228.0%), from €58,935 to €193,305
mainly Debts after one year (+€1.4m) and Receivables within one year (+€26,743)
- Deferred charges and accrued income +€85,180
up €85,180 (+151.2%), from €56,337 to €141,517
- Receivables within one year -€26,743
no longer reported in 2025 (was €26,743)
of which Other amounts receivable: -€13,472
- Debts after one year +€1.4m
up €1.4m (+180.4%), from €765,000 to €2.1m
of which Other amounts payable: +€1.1m
- Other debts -€590,901
no longer reported in 2025 (was €590,901)
- Profit (loss) carried forward +€24,039
up €24,039 (+237.1%), from €10,138 to €34,177
- Financial income -€4.1m
down €4.1m (-97.9%), from €4.2m to €89,018
- Gross operating margin +€94,024
up €94,024 (+97.7%), from -€96,226 to -€2,203
- Financial charges -€35,359
down €35,359 (-40.8%), from €86,733 to €51,374
- Taxes +€9,016
new in 2025: €9,016
- Staff costs +€1,086
new in 2025: €1,086
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 | €1,456,215 | €2,268,021 | +€811,806 | +55.7% |
| Fixed assets | 21/28 | €29,200 | €30,200 | +€1,000 | +3.4% |
| Financial fixed assets | 28 | €29,200 | €30,200 | +€1,000 | +3.4% |
| Current assets | 29/58 | €1,427,015 | €2,237,821 | +€810,806 | +56.8% |
| Amounts receivable after more than one year | 29 | €1,285,000 | €1,903,000 | +€618,000 | +48.1% |
| Other amounts receivable | 291 | €1,285,000 | €1,903,000 | +€618,000 | +48.1% |
| Amounts receivable within one year | 40/41 | €26,743 | - | -€26,743 | |
| Trade receivables | 40 | €13,272 | - | -€13,272 | |
| Other amounts receivable | 41 | €13,472 | - | -€13,472 | |
| Cash at bank and in hand | 54/58 | €58,935 | €193,305 | +€134,370 | +228.0% |
| Deferred charges and accrued income | 490/1 | €56,337 | €141,517 | +€85,180 | +151.2% |
| Total equity and liabilities | 10/49 | €1,456,215 | €2,268,021 | +€811,806 | +55.7% |
| Equity | 10/15 | €80,263 | €105,602 | +€25,339 | +31.6% |
| Contributions | 10/11 | €63,750 | €63,750 | = | 0.0% |
| Capital | 10 | €63,750 | €63,750 | = | 0.0% |
| Issued capital | 100 | €255,000 | €255,000 | = | 0.0% |
| Uncalled capital | 101 | €191,250 | €191,250 | = | 0.0% |
| Reserves | 13 | €6,375 | €7,675 | +€1,300 | +20.4% |
| Non-distributable reserves | 130/1 | €6,375 | €7,675 | +€1,300 | +20.4% |
| Legal reserve | 130 | €6,375 | €7,675 | +€1,300 | +20.4% |
| Profit (loss) carried forward | 14 | €10,138 | €34,177 | +€24,039 | +237.1% |
| Amounts payable | 17/49 | €1,375,952 | €2,162,419 | +€786,467 | +57.2% |
| Amounts payable after more than one year | 17 | €765,000 | €2,145,000 | +€1.4m | +180.4% |
| Financial debts | 170/4 | €175,000 | €445,000 | +€270,000 | +154.3% |
| Other amounts payable | 178/9 | €590,000 | €1,700,000 | +€1.1m | +188.1% |
| Amounts payable within one year | 42/48 | €601,489 | €8,016 | -€593,473 | -98.7% |
| Taxes, remuneration and social security | 45 | €10,588 | €8,016 | -€2,572 | -24.3% |
| Taxes | 450/3 | €10,588 | €8,016 | -€2,572 | -24.3% |
| Other amounts payable | 47/48 | €590,901 | - | -€590,901 | |
| Accrued charges and deferred income | 492/3 | €9,463 | €9,403 | -€60 | -0.6% |
| Remuneration, social security and pensions | 62 | - | €1,086 | +€1,086 | |
| Gross operating margin | 9900 | -€96,226 | -€2,203 | +€94,024 | +97.7% |
| Operating profit (loss) | 9901 | -€96,226 | -€3,289 | +€92,938 | +96.6% |
| Financial income | 75/76B | €4,191,889 | €89,018 | -€4.1m | -97.9% |
| Recurring financial income | 75 | €4,191,889 | €89,018 | -€4.1m | -97.9% |
| Financial charges | 65/66B | €86,733 | €51,374 | -€35,359 | -40.8% |
| Recurring financial charges | 65 | €86,733 | €51,374 | -€35,359 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €4,008,929 | €34,355 | -€4.0m | -99.1% |
| Income taxes | 67/77 | - | €9,016 | +€9,016 | |
| Profit (loss) for the period | 9904 | €4,008,929 | €25,339 | -€4.0m | -99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,008,929 | €25,339 | -€4.0m | -99.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.