Bert Creve: 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.
Bert Creve
Largest movements
- Tangible fixed assets +€66,651
up €66,651 (+93.8%), from €71,081 to €137,731
of which Furniture and vehicles: +€59,444
- Receivables within one year -€21,438
down €21,438 (-25.3%), from €84,876 to €63,438
of which Other amounts receivable: -€21,369
- Cash -€5,832
down €5,832 (-24.6%), from €23,719 to €17,887
mainly Contributions, distributions and other (-€105,014) and Investment in fixed assets (net) (-€85,138)
- Debts after one year +€69,114
up €69,114, from €0 to €69,114
- Reserves -€59,787
down €59,787 (-42.4%), from €141,168 to €81,381
- Other debts +€45,617
up €45,617, from €0 to €45,617
- Tax, wage and social debts -€13,942
down €13,942 (-95.5%), from €14,592 to €650
- Gross operating margin +€14,507
up €14,507 (+15.3%), from €94,555 to €109,062
- Taxes -€3,115
down €3,115 (-17.9%), from €17,363 to €14,248
- Depreciation +€2,346
up €2,346 (+14.5%), from €16,142 to €18,488
- Financial charges +€1,259
up €1,259 (+83.1%), from €1,515 to €2,774
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 | €182,603 | €221,977 | +€39,374 | +21.6% |
| Fixed assets | 21/28 | €71,081 | €137,731 | +€66,651 | +93.8% |
| Tangible fixed assets | 22/27 | €71,081 | €137,731 | +€66,651 | +93.8% |
| Plant, machinery and equipment | 23 | - | €4,599 | +€4,599 | |
| Furniture and vehicles | 24 | €43,415 | €102,859 | +€59,444 | +137% |
| Other tangible fixed assets | 26 | €27,666 | €30,273 | +€2,607 | +9.4% |
| Current assets | 29/58 | €111,522 | €84,246 | -€27,276 | -24.5% |
| Amounts receivable within one year | 40/41 | €84,876 | €63,438 | -€21,438 | -25.3% |
| Trade receivables | 40 | €60,255 | €60,186 | -€69 | -0.1% |
| Other amounts receivable | 41 | €24,621 | €3,252 | -€21,369 | -86.8% |
| Cash at bank and in hand | 54/58 | €23,719 | €17,887 | -€5,832 | -24.6% |
| Deferred charges and accrued income | 490/1 | €2,927 | €2,921 | -€6 | -0.2% |
| Total equity and liabilities | 10/49 | €182,603 | €221,977 | +€39,374 | +21.6% |
| Equity | 10/15 | €144,168 | €84,381 | -€59,787 | -41.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €141,168 | €81,381 | -€59,787 | -42.4% |
| Distributable reserves | 133 | €141,168 | €81,381 | -€59,787 | -42.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €38,435 | €137,596 | +€99,161 | +258% |
| Amounts payable after more than one year | 17 | €0 | €69,114 | +€69,114 | |
| Financial debts | 170/4 | €0 | €69,114 | +€69,114 | |
| Amounts payable within one year | 42/48 | €38,435 | €68,482 | +€30,047 | +78.2% |
| Current portion of amounts payable after more than one year | 42 | €18,675 | €18,164 | -€511 | -2.7% |
| Trade debts | 44 | €5,167 | €4,050 | -€1,117 | -21.6% |
| Suppliers | 440/4 | €5,167 | €4,050 | -€1,117 | -21.6% |
| Taxes, remuneration and social security | 45 | €14,592 | €650 | -€13,942 | -95.5% |
| Taxes | 450/3 | €14,592 | €650 | -€13,942 | -95.5% |
| Other amounts payable | 47/48 | €0 | €45,617 | +€45,617 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,142 | €18,488 | +€2,346 | +14.5% |
| Other operating charges | 640/8 | €614 | €1,227 | +€613 | +100.0% |
| Non-recurring operating charges | 66A | - | €28,273 | +€28,273 | |
| Gross operating margin | 9900 | €94,555 | €109,062 | +€14,507 | +15.3% |
| Operating profit (loss) | 9901 | €77,800 | €61,075 | -€16,725 | -21.5% |
| Financial income | 75/76B | €865 | €1,175 | +€310 | +35.8% |
| Recurring financial income | 75 | €865 | €1,175 | +€310 | +35.8% |
| Financial charges | 65/66B | €1,515 | €2,774 | +€1,259 | +83.1% |
| Recurring financial charges | 65 | €1,515 | €2,774 | +€1,259 | +83.1% |
| Profit (loss) for the period before taxes | 9903 | €77,150 | €59,476 | -€17,674 | -22.9% |
| Income taxes | 67/77 | €17,363 | €14,248 | -€3,115 | -17.9% |
| Profit (loss) for the period | 9904 | €59,787 | €45,227 | -€14,559 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,787 | €45,227 | -€14,559 | -24.4% |
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 15 October 2026 via checked.be.