CRE-MADE: 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-MADE
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€14,433
up €14,433 (+59.7%), from €24,175 to €38,609
- Profit (loss) carried forward -€9,951
down €9,951 (-167.5%), from -€5,940 to -€15,891
- Gross operating margin +€4,027
up €4,027 (+10.3%), from €39,188 to €43,215
- Depreciation +€2,709
up €2,709 (+11.4%), from €23,663 to €26,373
- Other operating charges -€609
down €609 (-58.7%), from €1,039 to €429
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 | €946,766 | €951,546 | +€4,780 | +0.5% |
| Fixed assets | 21/28 | €942,709 | €946,554 | +€3,846 | +0.4% |
| Tangible fixed assets | 22/27 | €942,709 | €946,554 | +€3,846 | +0.4% |
| Land and buildings | 22 | €941,846 | €946,083 | +€4,237 | +0.4% |
| Furniture and vehicles | 24 | €863 | €471 | -€391 | -45.3% |
| Current assets | 29/58 | €4,057 | €4,991 | +€934 | +23.0% |
| Amounts receivable within one year | 40/41 | €3,179 | €3,179 | = | 0.0% |
| Trade receivables | 40 | €3,179 | €3,179 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €878 | €1,812 | +€934 | +106.4% |
| Total equity and liabilities | 10/49 | €946,766 | €951,546 | +€4,780 | +0.5% |
| Equity | 10/15 | -€940 | -€10,891 | -€9,951 | -1058.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,940 | -€15,891 | -€9,951 | -167.5% |
| Provisions and deferred taxes | 16 | - | €5,400 | +€5,400 | |
| Provisions for liabilities and charges | 160/5 | - | €5,400 | +€5,400 | |
| Other liabilities and charges | 164/5 | - | €5,400 | +€5,400 | |
| Amounts payable | 17/49 | €947,706 | €957,037 | +€9,331 | +1.0% |
| Amounts payable after more than one year | 17 | €879,515 | €872,153 | -€7,362 | -0.8% |
| Financial debts | 170/4 | €679,515 | €657,153 | -€22,362 | -3.3% |
| Other amounts payable | 178/9 | €200,000 | €215,000 | +€15,000 | +7.5% |
| Amounts payable within one year | 42/48 | €68,191 | €84,884 | +€16,693 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €41,287 | €42,811 | +€1,524 | +3.7% |
| Trade debts | 44 | €187 | €726 | +€539 | +288.8% |
| Suppliers | 440/4 | €187 | €726 | +€539 | +288.8% |
| Taxes, remuneration and social security | 45 | €2,542 | €2,738 | +€196 | +7.7% |
| Taxes | 450/3 | €2,542 | €2,738 | +€196 | +7.7% |
| Other amounts payable | 47/48 | €24,175 | €38,609 | +€14,433 | +59.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,663 | €26,373 | +€2,709 | +11.4% |
| Other operating charges | 640/8 | €1,039 | €429 | -€609 | -58.7% |
| Gross operating margin | 9900 | €39,188 | €43,215 | +€4,027 | +10.3% |
| Operating profit (loss) | 9901 | €14,486 | €16,413 | +€1,927 | +13.3% |
| Financial charges | 65/66B | €26,019 | €26,364 | +€346 | +1.3% |
| Recurring financial charges | 65 | €26,019 | €26,364 | +€346 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,532 | -€9,951 | +€1,581 | +13.7% |
| Profit (loss) for the period | 9904 | -€11,532 | -€9,951 | +€1,581 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,532 | -€9,951 | +€1,581 | +13.7% |
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 12 October 2026 via checked.be.