KREZE: 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.
KREZE
Largest movements
- Receivables within one year +€21,673
up €21,673 (+115.6%), from €18,750 to €40,423
of which Other amounts receivable: +€21,496
- Cash -€8,918
down €8,918 (-16.6%), from €53,799 to €44,881
mainly Receivables within one year (-€21,673) and Tax, wage and social debts (-€1,140)
- Tangible fixed assets -€1,496
down €1,496 (-18.7%), from €7,984 to €6,488
- Reserves +€11,419
up €11,419 (+21.5%), from €53,056 to €64,475
- Tax, wage and social debts -€1,140
down €1,140 (-7.6%), from €14,933 to €13,793
of which Remuneration and social security: -€912
- Gross operating margin -€7,248
down €7,248 (-5.8%), from €124,786 to €117,539
- Financial charges +€5,146
up €5,146 (+484.5%), from €1,062 to €6,208
- Staff costs +€4,373
up €4,373 (+5.1%), from €86,332 to €90,705
- Taxes +€1,933
up €1,933 (+38.0%), from €5,086 to €7,019
- Other operating charges -€1,548
down €1,548 (-38.1%), from €4,066 to €2,518
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 | €87,160 | €97,586 | +€10,425 | +12.0% |
| Fixed assets | 21/28 | €10,234 | €8,738 | -€1,496 | -14.6% |
| Tangible fixed assets | 22/27 | €7,984 | €6,488 | -€1,496 | -18.7% |
| Plant, machinery and equipment | 23 | €7,984 | €6,488 | -€1,496 | -18.7% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €76,926 | €88,848 | +€11,922 | +15.5% |
| Stocks and contracts in progress | 3 | €1,902 | €1,724 | -€178 | -9.4% |
| Stocks | 30/36 | €1,902 | €1,724 | -€178 | -9.4% |
| Amounts receivable within one year | 40/41 | €18,750 | €40,423 | +€21,673 | +115.6% |
| Trade receivables | 40 | €2,599 | €2,776 | +€177 | +6.8% |
| Other amounts receivable | 41 | €16,151 | €37,647 | +€21,496 | +133.1% |
| Cash at bank and in hand | 54/58 | €53,799 | €44,881 | -€8,918 | -16.6% |
| Deferred charges and accrued income | 490/1 | €2,475 | €1,819 | -€655 | -26.5% |
| Total equity and liabilities | 10/49 | €87,160 | €97,586 | +€10,425 | +12.0% |
| Equity | 10/15 | €59,256 | €70,675 | +€11,419 | +19.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €53,056 | €64,475 | +€11,419 | +21.5% |
| Distributable reserves | 133 | €53,056 | €64,475 | +€11,419 | +21.5% |
| Amounts payable | 17/49 | €27,904 | €26,911 | -€994 | -3.6% |
| Amounts payable within one year | 42/48 | €25,369 | €23,730 | -€1,639 | -6.5% |
| Financial debts | 43 | €6,000 | €6,000 | = | 0.0% |
| Credit institutions | 430/8 | €6,000 | €6,000 | = | 0.0% |
| Trade debts | 44 | €3,845 | €3,200 | -€645 | -16.8% |
| Suppliers | 440/4 | €3,845 | €3,200 | -€645 | -16.8% |
| Advances received on contracts in progress | 46 | €313 | €400 | +€87 | +27.8% |
| Taxes, remuneration and social security | 45 | €14,933 | €13,793 | -€1,140 | -7.6% |
| Taxes | 450/3 | €4,431 | €4,204 | -€228 | -5.1% |
| Remuneration and social security | 454/9 | €10,501 | €9,589 | -€912 | -8.7% |
| Other amounts payable | 47/48 | €278 | €337 | +€59 | +21.1% |
| Accrued charges and deferred income | 492/3 | €2,536 | €3,181 | +€645 | +25.5% |
| Remuneration, social security and pensions | 62 | €86,332 | €90,705 | +€4,373 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,496 | €1,496 | = | 0.0% |
| Other operating charges | 640/8 | €4,066 | €2,518 | -€1,548 | -38.1% |
| Gross operating margin | 9900 | €124,786 | €117,539 | -€7,248 | -5.8% |
| Operating profit (loss) | 9901 | €32,892 | €22,819 | -€10,073 | -30.6% |
| Financial income | 75/76B | €1,449 | €1,826 | +€377 | +26.0% |
| Recurring financial income | 75 | €1,449 | €1,826 | +€377 | +26.0% |
| Financial charges | 65/66B | €1,062 | €6,208 | +€5,146 | +484.5% |
| Recurring financial charges | 65 | €1,062 | €6,208 | +€5,146 | +484.5% |
| Profit (loss) for the period before taxes | 9903 | €33,279 | €18,438 | -€14,841 | -44.6% |
| Income taxes | 67/77 | €5,086 | €7,019 | +€1,933 | +38.0% |
| Profit (loss) for the period | 9904 | €28,193 | €11,419 | -€16,774 | -59.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,193 | €11,419 | -€16,774 | -59.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.