KREW Collective: 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.
KREW Collective
Largest movements
- Receivables within one year +€22,391
up €22,391 (+30.9%), from €72,455 to €94,846
of which Trade receivables: +€19,234
- Tangible fixed assets -€18,986
down €18,986 (-15.1%), from €125,479 to €106,493
of which Furniture and vehicles: -€26,801
- Deferred charges and accrued income -€3,911
down €3,911 (-34.9%), from €11,196 to €7,285
- Short-term financial debts +€19,741
new in 2025: €19,741
- Other debts -€14,868
down €14,868 (-28.1%), from €52,899 to €38,031
- Tax, wage and social debts +€12,401
up €12,401 (+31.2%), from €39,689 to €52,090
of which Taxes: +€13,433
- Debts after one year -€11,448
down €11,448 (-44.8%), from €25,537 to €14,088
- Profit (loss) carried forward -€5,098
down €5,098, from €1,855 to -€3,243
- Gross operating margin -€42,564
down €42,564 (-21.4%), from €198,915 to €156,351
- Staff costs -€37,437
down €37,437 (-23.9%), from €156,801 to €119,364
- Financial income +€4,159
up €4,159 (+687.4%), from €605 to €4,764
- Taxes -€3,516
down €3,516 (-65.4%), from €5,380 to €1,864
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 | €211,890 | €209,897 | -€1,993 | -0.9% |
| Fixed assets | 21/28 | €125,991 | €106,517 | -€19,474 | -15.5% |
| Intangible fixed assets | 21 | €512 | €24 | -€488 | -95.3% |
| Tangible fixed assets | 22/27 | €125,479 | €106,493 | -€18,986 | -15.1% |
| Land and buildings | 22 | €29,132 | €26,173 | -€2,959 | -10.2% |
| Plant, machinery and equipment | 23 | €35,657 | €46,431 | +€10,774 | +30.2% |
| Furniture and vehicles | 24 | €60,690 | €33,888 | -€26,801 | -44.2% |
| Current assets | 29/58 | €85,900 | €103,381 | +€17,481 | +20.4% |
| Stocks and contracts in progress | 3 | €1,250 | €1,250 | = | 0.0% |
| Stocks | 30/36 | €1,250 | €1,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €72,455 | €94,846 | +€22,391 | +30.9% |
| Trade receivables | 40 | €72,439 | €91,673 | +€19,234 | +26.6% |
| Other amounts receivable | 41 | €16 | €3,173 | +€3,157 | +19878.4% |
| Cash at bank and in hand | 54/58 | €999 | €0 | -€999 | -100.0% |
| Deferred charges and accrued income | 490/1 | €11,196 | €7,285 | -€3,911 | -34.9% |
| Total equity and liabilities | 10/49 | €211,890 | €209,897 | -€1,993 | -0.9% |
| Equity | 10/15 | €33,881 | €28,783 | -€5,098 | -15.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €28,026 | €28,026 | = | 0.0% |
| Distributable reserves | 133 | €28,026 | €28,026 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,855 | -€3,243 | -€5,098 | |
| Amounts payable | 17/49 | €178,009 | €181,114 | +€3,105 | +1.7% |
| Amounts payable after more than one year | 17 | €25,537 | €14,088 | -€11,448 | -44.8% |
| Financial debts | 170/4 | €25,537 | €14,088 | -€11,448 | -44.8% |
| Amounts payable within one year | 42/48 | €151,792 | €166,202 | +€14,409 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €11,146 | €11,448 | +€302 | +2.7% |
| Financial debts | 43 | - | €19,741 | +€19,741 | |
| Credit institutions | 430/8 | - | €19,741 | +€19,741 | |
| Trade debts | 44 | €48,058 | €44,891 | -€3,167 | -6.6% |
| Suppliers | 440/4 | €48,058 | €44,891 | -€3,167 | -6.6% |
| Taxes, remuneration and social security | 45 | €39,689 | €52,090 | +€12,401 | +31.2% |
| Taxes | 450/3 | €18,440 | €31,873 | +€13,433 | +72.8% |
| Remuneration and social security | 454/9 | €21,248 | €20,217 | -€1,031 | -4.9% |
| Other amounts payable | 47/48 | €52,899 | €38,031 | -€14,868 | -28.1% |
| Accrued charges and deferred income | 492/3 | €680 | €824 | +€144 | +21.2% |
| Non-recurring operating income | 76A | €0 | €19 | +€19 | |
| Remuneration, social security and pensions | 62 | €156,801 | €119,364 | -€37,437 | -23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,122 | €32,657 | +€535 | +1.7% |
| Other operating charges | 640/8 | €1,749 | €2,477 | +€728 | +41.6% |
| Non-recurring operating charges | 66A | €0 | €7,165 | +€7,165 | |
| Gross operating margin | 9900 | €198,915 | €156,351 | -€42,564 | -21.4% |
| Operating profit (loss) | 9901 | €8,242 | -€5,312 | -€13,554 | |
| Financial income | 75/76B | €605 | €4,764 | +€4,159 | +687.4% |
| Recurring financial income | 75 | €605 | €4,764 | +€4,159 | +687.4% |
| Financial charges | 65/66B | €1,563 | €2,687 | +€1,124 | +71.9% |
| Recurring financial charges | 65 | €1,563 | €2,687 | +€1,124 | +71.9% |
| Profit (loss) for the period before taxes | 9903 | €7,284 | -€3,235 | -€10,519 | |
| Income taxes | 67/77 | €5,380 | €1,864 | -€3,516 | -65.4% |
| Profit (loss) for the period | 9904 | €1,905 | -€5,098 | -€7,003 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,905 | -€5,098 | -€7,003 |
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 10 October 2026 via checked.be.