CRE-ANDO: 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.
CRE-ANDO
Largest movements
- Tangible fixed assets -€1,332
down €1,332 (-1.2%), from €113,168 to €111,836
of which Land and buildings: -€945
- Receivables within one year +€1,250
up €1,250 (+197.2%), from €634 to €1,884
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€296
up €296 (+13.1%), from €2,263 to €2,559
- Gross operating margin +€199
up €199 (+4.3%), from €4,583 to €4,782
- Financial charges -€121
down €121 (-48.2%), from €251 to €130
- Taxes +€69
up €69 (+985.7%), from €7 to €76
- Other operating charges +€58
up €58 (+3.1%), from €1,856 to €1,914
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 | €114,089 | €114,064 | -€25 | 0.0% |
| Fixed assets | 21/28 | €113,168 | €111,836 | -€1,332 | -1.2% |
| Tangible fixed assets | 22/27 | €113,168 | €111,836 | -€1,332 | -1.2% |
| Land and buildings | 22 | €55,619 | €54,674 | -€945 | -1.7% |
| Plant, machinery and equipment | 23 | €10,647 | €10,480 | -€167 | -1.6% |
| Furniture and vehicles | 24 | €46,902 | €46,682 | -€220 | -0.5% |
| Current assets | 29/58 | €921 | €2,228 | +€1,307 | +141.9% |
| Amounts receivable within one year | 40/41 | €634 | €1,884 | +€1,250 | +197.2% |
| Trade receivables | 40 | €634 | €1,884 | +€1,250 | +197.2% |
| Cash at bank and in hand | 54/58 | €287 | €344 | +€57 | +19.9% |
| Total equity and liabilities | 10/49 | €114,089 | €114,064 | -€25 | 0.0% |
| Equity | 10/15 | €13,442 | €13,545 | +€103 | +0.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,558 | -€86,455 | +€103 | +0.1% |
| Amounts payable | 17/49 | €100,647 | €100,519 | -€128 | -0.1% |
| Amounts payable within one year | 42/48 | €100,647 | €100,519 | -€128 | -0.1% |
| Trade debts | 44 | €83 | €80 | -€3 | -3.6% |
| Suppliers | 440/4 | €83 | €80 | -€3 | -3.6% |
| Taxes, remuneration and social security | 45 | €54 | €56 | +€2 | +3.7% |
| Taxes | 450/3 | €54 | €56 | +€2 | +3.7% |
| Other amounts payable | 47/48 | €100,510 | €100,383 | -€127 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,263 | €2,559 | +€296 | +13.1% |
| Other operating charges | 640/8 | €1,856 | €1,914 | +€58 | +3.1% |
| Gross operating margin | 9900 | €4,583 | €4,782 | +€199 | +4.3% |
| Operating profit (loss) | 9901 | €464 | €309 | -€155 | -33.4% |
| Financial charges | 65/66B | €251 | €130 | -€121 | -48.2% |
| Recurring financial charges | 65 | €251 | €130 | -€121 | -48.2% |
| Profit (loss) for the period before taxes | 9903 | €213 | €179 | -€34 | -16.0% |
| Income taxes | 67/77 | €7 | €76 | +€69 | +985.7% |
| Profit (loss) for the period | 9904 | €206 | €103 | -€103 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €206 | €103 | -€103 | -50.0% |
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 11 October 2026 via checked.be.