KREZUID: 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.
KREZUID
Largest movements
- Receivables within one year -€3,763
down €3,763 (-90.5%), from €4,157 to €393
of which Other amounts receivable: -€4,144
- Tangible fixed assets +€1,023
up €1,023 (+10.8%), from €9,477 to €10,500
of which Plant, machinery and equipment: +€1,445
- Cash -€904
down €904 (-28.7%), from €3,152 to €2,247
mainly Debts after one year (-€20,000) and Net result for the year (-€8,000)
- Stocks and contracts -€644
down €644 (-15.7%), from €4,101 to €3,457
- Other debts +€30,543
up €30,543 (+22.4%), from €136,177 to €166,720
- Debts after one year -€20,000
down €20,000 (-100.0%), from €20,000 to €0
- Profit (loss) carried forward -€8,000
down €8,000 (-4.8%), from -€165,442 to -€173,443
- Tax, wage and social debts -€7,842
down €7,842 (-62.0%), from €12,655 to €4,812
of which Taxes: -€5,781
- Trade debts +€3,376
up €3,376 (+446.7%), from €756 to €4,132
- Staff costs -€19,565
down €19,565 (-33.4%), from €58,624 to €39,059
- Financial charges +€12,033
up €12,033 (+768.8%), from €1,565 to €13,598
- Gross operating margin -€9,188
down €9,188 (-16.9%), from €54,256 to €45,069
- Other operating charges -€5,051
down €5,051 (-85.7%), from €5,891 to €840
- Financial income +€3,368
up €3,368 (+880.8%), from €382 to €3,750
of which Non-recurring financial income: +€3,750
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 | €25,237 | €20,948 | -€4,289 | -17.0% |
| Fixed assets | 21/28 | €13,827 | €14,850 | +€1,023 | +7.4% |
| Tangible fixed assets | 22/27 | €9,477 | €10,500 | +€1,023 | +10.8% |
| Plant, machinery and equipment | 23 | €3,342 | €4,787 | +€1,445 | +43.2% |
| Other tangible fixed assets | 26 | €6,136 | €5,713 | -€422 | -6.9% |
| Financial fixed assets | 28 | €4,350 | €4,350 | = | 0.0% |
| Current assets | 29/58 | €11,409 | €6,098 | -€5,312 | -46.6% |
| Stocks and contracts in progress | 3 | €4,101 | €3,457 | -€644 | -15.7% |
| Stocks | 30/36 | €4,101 | €3,457 | -€644 | -15.7% |
| Amounts receivable within one year | 40/41 | €4,157 | €393 | -€3,763 | -90.5% |
| Trade receivables | 40 | €13 | €393 | +€380 | +2938.6% |
| Other amounts receivable | 41 | €4,144 | €0 | -€4,144 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,152 | €2,247 | -€904 | -28.7% |
| Total equity and liabilities | 10/49 | €25,237 | €20,948 | -€4,289 | -17.0% |
| Equity | 10/15 | -€146,842 | -€154,843 | -€8,000 | -5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€165,442 | -€173,443 | -€8,000 | -4.8% |
| Amounts payable | 17/49 | €172,079 | €175,790 | +€3,711 | +2.2% |
| Amounts payable after more than one year | 17 | €20,000 | €0 | -€20,000 | -100.0% |
| Financial debts | 170/4 | €20,000 | €0 | -€20,000 | -100.0% |
| Amounts payable within one year | 42/48 | €149,588 | €175,664 | +€26,077 | +17.4% |
| Trade debts | 44 | €756 | €4,132 | +€3,376 | +446.7% |
| Suppliers | 440/4 | €756 | €4,132 | +€3,376 | +446.7% |
| Taxes, remuneration and social security | 45 | €12,655 | €4,812 | -€7,842 | -62.0% |
| Taxes | 450/3 | €6,860 | €1,080 | -€5,781 | -84.3% |
| Remuneration and social security | 454/9 | €5,794 | €3,733 | -€2,061 | -35.6% |
| Other amounts payable | 47/48 | €136,177 | €166,720 | +€30,543 | +22.4% |
| Accrued charges and deferred income | 492/3 | €2,492 | €126 | -€2,365 | -94.9% |
| Remuneration, social security and pensions | 62 | €58,624 | €39,059 | -€19,565 | -33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,488 | €3,321 | -€167 | -4.8% |
| Other operating charges | 640/8 | €5,891 | €840 | -€5,051 | -85.7% |
| Gross operating margin | 9900 | €54,256 | €45,069 | -€9,188 | -16.9% |
| Operating profit (loss) | 9901 | -€13,747 | €1,848 | +€15,595 | |
| Financial income | 75/76B | €382 | €3,750 | +€3,368 | +880.8% |
| Recurring financial income | 75 | €382 | €0 | -€382 | -100.0% |
| Non-recurring financial income | 76B | - | €3,750 | +€3,750 | |
| Financial charges | 65/66B | €1,565 | €13,598 | +€12,033 | +768.8% |
| Recurring financial charges | 65 | €1,565 | €13,598 | +€12,033 | +768.8% |
| Profit (loss) for the period before taxes | 9903 | -€14,930 | -€8,000 | +€6,930 | +46.4% |
| Profit (loss) for the period | 9904 | -€14,930 | -€8,000 | +€6,930 | +46.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,930 | -€8,000 | +€6,930 | +46.4% |
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 7 October 2026 via checked.be.