KRETIELT: 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.
KRETIELT
Largest movements
- Cash +€33,718
up €33,718 (+27.6%), from €122,292 to €156,010
mainly Depreciation (+€13,068) and Receivables within one year (+€11,042)
- Receivables within one year -€11,042
down €11,042 (-60.8%), from €18,165 to €7,123
of which Trade receivables: -€11,019
- Tangible fixed assets -€10,509
down €10,509 (-13.8%), from €76,019 to €65,510
of which Other tangible fixed assets: -€10,143
- Deferred charges and accrued income -€3,101
down €3,101 (-88.4%), from €3,507 to €407
- Other debts -€10,000
down €10,000 (-100%), from €10,000 to €0
- Reserves +€9,487
up €9,487 (+5.1%), from €185,537 to €195,024
of which Distributable reserves: +€9,487
- Tax, wage and social debts +€8,234
up €8,234 (+67.0%), from €12,292 to €20,526
of which Taxes: +€4,731
- Trade debts +€5,120
up €5,120 (+77.1%), from €6,639 to €11,758
- Accrued charges and deferred income -€2,691
down €2,691 (-81.0%), from €3,322 to €631
- Staff costs +€19,477
up €19,477 (+19.8%), from €98,303 to €117,780
- Gross operating margin +€6,873
up €6,873 (+4.8%), from €141,880 to €148,753
- Other operating charges -€3,224
down €3,224 (-79.3%), from €4,066 to €842
- Taxes +€2,413
up €2,413 (+79.9%), from €3,021 to €5,435
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
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 | €224,061 | €234,139 | +€10,079 | +4.5% |
| Fixed assets | 21/28 | €78,331 | €67,822 | -€10,509 | -13.4% |
| Tangible fixed assets | 22/27 | €76,019 | €65,510 | -€10,509 | -13.8% |
| Plant, machinery and equipment | 23 | €6,566 | €5,978 | -€588 | -9.0% |
| Furniture and vehicles | 24 | €700 | €922 | +€223 | +31.8% |
| Other tangible fixed assets | 26 | €68,753 | €58,610 | -€10,143 | -14.8% |
| Financial fixed assets | 28 | €2,312 | €2,312 | = | 0.0% |
| Current assets | 29/58 | €145,730 | €166,317 | +€20,587 | +14.1% |
| Stocks and contracts in progress | 3 | €1,765 | €2,777 | +€1,013 | +57.4% |
| Stocks | 30/36 | €1,765 | €2,777 | +€1,013 | +57.4% |
| Amounts receivable within one year | 40/41 | €18,165 | €7,123 | -€11,042 | -60.8% |
| Trade receivables | 40 | €17,920 | €6,901 | -€11,019 | -61.5% |
| Other amounts receivable | 41 | €246 | €223 | -€23 | -9.3% |
| Cash at bank and in hand | 54/58 | €122,292 | €156,010 | +€33,718 | +27.6% |
| Deferred charges and accrued income | 490/1 | €3,507 | €407 | -€3,101 | -88.4% |
| Total equity and liabilities | 10/49 | €224,061 | €234,139 | +€10,079 | +4.5% |
| Equity | 10/15 | €191,808 | €201,224 | +€9,416 | +4.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €185,537 | €195,024 | +€9,487 | +5.1% |
| Tax-exempt reserves | 132 | €24,537 | €24,537 | = | 0.0% |
| Distributable reserves | 133 | €161,000 | €170,487 | +€9,487 | +5.9% |
| Profit (loss) carried forward | 14 | €71 | €0 | -€71 | -100% |
| Amounts payable | 17/49 | €32,253 | €32,915 | +€663 | +2.1% |
| Amounts payable within one year | 42/48 | €28,931 | €32,284 | +€3,354 | +11.6% |
| Trade debts | 44 | €6,639 | €11,758 | +€5,120 | +77.1% |
| Suppliers | 440/4 | €6,639 | €11,758 | +€5,120 | +77.1% |
| Taxes, remuneration and social security | 45 | €12,292 | €20,526 | +€8,234 | +67.0% |
| Taxes | 450/3 | €2,876 | €7,607 | +€4,731 | +164% |
| Remuneration and social security | 454/9 | €9,416 | €12,919 | +€3,503 | +37.2% |
| Other amounts payable | 47/48 | €10,000 | €0 | -€10,000 | -100% |
| Accrued charges and deferred income | 492/3 | €3,322 | €631 | -€2,691 | -81.0% |
| Non-recurring operating income | 76A | €14,352 | €0 | -€14,352 | -100% |
| Remuneration, social security and pensions | 62 | €98,303 | €117,780 | +€19,477 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,436 | €13,068 | +€632 | +5.1% |
| Other operating charges | 640/8 | €4,066 | €842 | -€3,224 | -79.3% |
| Gross operating margin | 9900 | €141,880 | €148,753 | +€6,873 | +4.8% |
| Operating profit (loss) | 9901 | €27,075 | €17,063 | -€10,012 | -37.0% |
| Financial income | 75/76B | €1,061 | €1,306 | +€246 | +23.1% |
| Recurring financial income | 75 | €1,061 | €1,306 | +€246 | +23.1% |
| Financial charges | 65/66B | €2,047 | €3,518 | +€1,471 | +71.9% |
| Recurring financial charges | 65 | €2,047 | €3,518 | +€1,471 | +71.9% |
| Profit (loss) for the period before taxes | 9903 | €26,089 | €14,851 | -€11,238 | -43.1% |
| Income taxes | 67/77 | €3,021 | €5,435 | +€2,413 | +79.9% |
| Profit (loss) for the period | 9904 | €23,067 | €9,416 | -€13,651 | -59.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,067 | €9,416 | -€13,651 | -59.2% |
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 22 October 2026 via checked.be.