C.R.E.C.: 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.
C.R.E.C.
Largest movements
- Tangible fixed assets -€7,770
down €7,770 (-31.0%), from €25,043 to €17,274
of which Furniture and vehicles: -€5,031
- Receivables within one year -€4,537
down €4,537 (-61.1%), from €7,422 to €2,885
of which Trade receivables: -€4,548
- Cash -€3,413
down €3,413 (-34.6%), from €9,852 to €6,438
mainly Current portion of long-term debt (-€7,427) and Tax, wage and social debts (-€5,884)
- Current portion of long-term debt -€7,427
down €7,427 (-60.0%), from €12,383 to €4,956
- Tax, wage and social debts -€5,884
down €5,884 (-68.7%), from €8,563 to €2,679
of which Taxes: -€3,483
- Debts after one year -€4,956
down €4,956 (-79.5%), from €6,229 to €1,274
- Profit (loss) carried forward +€1,752
up €1,752 (+52.3%), from €3,349 to €5,100
- Trade debts +€704
up €704 (+39.3%), from €1,793 to €2,497
- Gross operating margin +€3,541
up €3,541 (+40.3%), from €8,783 to €12,324
- Financial charges -€283
down €283 (-44.0%), from €643 to €360
- Taxes +€266
up €266 (+21.3%), from €1,249 to €1,514
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 | €42,317 | €26,818 | -€15,499 | -36.6% |
| Fixed assets | 21/28 | €25,043 | €17,274 | -€7,770 | -31.0% |
| Tangible fixed assets | 22/27 | €25,043 | €17,274 | -€7,770 | -31.0% |
| Plant, machinery and equipment | 23 | €13,555 | €10,817 | -€2,738 | -20.2% |
| Furniture and vehicles | 24 | €11,488 | €6,457 | -€5,031 | -43.8% |
| Current assets | 29/58 | €17,273 | €9,544 | -€7,729 | -44.7% |
| Amounts receivable within one year | 40/41 | €7,422 | €2,885 | -€4,537 | -61.1% |
| Trade receivables | 40 | €7,422 | €2,874 | -€4,548 | -61.3% |
| Other amounts receivable | 41 | - | €11 | +€11 | |
| Cash at bank and in hand | 54/58 | €9,852 | €6,438 | -€3,413 | -34.6% |
| Deferred charges and accrued income | 490/1 | - | €221 | +€221 | |
| Total equity and liabilities | 10/49 | €42,317 | €26,818 | -€15,499 | -36.6% |
| Equity | 10/15 | €13,349 | €15,100 | +€1,752 | +13.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,349 | €5,100 | +€1,752 | +52.3% |
| Amounts payable | 17/49 | €28,968 | €11,717 | -€17,251 | -59.6% |
| Amounts payable after more than one year | 17 | €6,229 | €1,274 | -€4,956 | -79.5% |
| Financial debts | 170/4 | €6,229 | €1,274 | -€4,956 | -79.5% |
| Amounts payable within one year | 42/48 | €22,739 | €10,444 | -€12,295 | -54.1% |
| Current portion of amounts payable after more than one year | 42 | €12,383 | €4,956 | -€7,427 | -60.0% |
| Trade debts | 44 | €1,793 | €2,497 | +€704 | +39.3% |
| Suppliers | 440/4 | €1,793 | €2,497 | +€704 | +39.3% |
| Taxes, remuneration and social security | 45 | €8,563 | €2,679 | -€5,884 | -68.7% |
| Taxes | 450/3 | €6,078 | €2,595 | -€3,483 | -57.3% |
| Remuneration and social security | 454/9 | €2,485 | €84 | -€2,401 | -96.6% |
| Other amounts payable | 47/48 | - | €312 | +€312 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,770 | €7,770 | -€0 | 0.0% |
| Other operating charges | 640/8 | €929 | €928 | -€0 | 0.0% |
| Gross operating margin | 9900 | €8,783 | €12,324 | +€3,541 | +40.3% |
| Operating profit (loss) | 9901 | €84 | €3,626 | +€3,542 | +4192.7% |
| Financial charges | 65/66B | €643 | €360 | -€283 | -44.0% |
| Recurring financial charges | 65 | €643 | €360 | -€283 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | -€559 | €3,266 | +€3,825 | |
| Income taxes | 67/77 | €1,249 | €1,514 | +€266 | +21.3% |
| Profit (loss) for the period | 9904 | -€1,807 | €1,752 | +€3,559 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,807 | €1,752 | +€3,559 |
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 2 October 2026 via checked.be.